H&M Hennes and Mauritz has recorded its fourth consecutive month of comparable store sales declines, down 4% during January.
Bank of America Merrill Lynch analyst Richard Chamberlain attributed the results to very cold weather in many of the retailer’s European markets in the second half of the month, which would have impacted traffic and demand for spring fashions.
Overall sales increased 5% during January.
“To us the apparel industry often seems too optimistic in relying on mild w
PARIS—Strong luxury sales outside Europe raised French retail and luxury group PPR's 2012 revenue and profits, after the company behind Gucci and Yves Saint Laurent jettisoned two of its weaker brands and pressed hard into emerging markets.
PPR reported that net income rose 6.3 percent to 1.4 billion euros as sales rose 20 percent to 9.7 billion euros.
Sales in Asia, excluding Japan, accounted for a quarter of PPR's total—a slight increase over 2011.
The company's bottom line was str
Width CM
Width CM
Specification/Weight（meter）
Wholesale Price：yuan/meter
Polyester water-jet silver thread checked ramie
150
400
9．20
Wool/Polyester cloth
150
520
27．50
Cotton Pad-dyed Drill
150
16S×12S 108×56
15．40
T/R single-thread yarn dyed seven-color checked woolen cloth
150
500
16．00
Wool/Viscose mix-colored swallow gird cloth
150
450
27．00
Co
Emma Dick, consultant for research and projects, Elizia Volkmann, consultant for press and communications, Rachel Vogeleisen-Davies,
operational management consultant and Rupa Ganguli, president and founder of SPINNA
Whilst women represent over 80% of the global textile workforce, their numbers are severely lacking in key decision making roles. Now an organisation has formed to support women in textiles worldwide, connecting artisans with entrepreneurs to help build a business network based
The last month has witnessed growing concern over safety in Bangladesh’s garment industry with a spate of factory fires prompting the European Parliament to call upon the Governments of Bangladesh and Pakistan to investigate the cause of the fires and calling for full compliance by all manufacturers with health and safety legislation and establishment of an effective and independent system of labour and industrial building inspections.
Significantly, the European Parliament also wants retail
For the quarter ended 31st December 2012, Aditya Birla Nuvo Limited (ABNL) posted a year-on-year growth of 10% in revenues, at Rs.6,305 crore. Its EBITDA rose by 29% to Rs.1,090 crore and net profit surged by 28% to Rs.323 crore.
During this period, the firm’s manufacturing sector recorded revenue rises of 17% up to Rs.2,098 crore and EBITDA grew from Rs.198 crore to Rs.204 crore.
Revenue growth was largely driven by higher trading of imported fertilisers, the Rayon and the Insulators bu
Majority of the textile processors and apparel manufacturers do not see any solution to the country’s increasing energy woes, responsible for dragging down industrial production, and slowing economic growth, in the near- to medium-term.
Hence, a majority of them have either made significant investments in the in-house generation or are exploring the possibility of setting up power plants to meet their energy needs at minimum possible costs.
In its desperation to attain “energy self-suffici
Meeting the Cotton Advisory Board's (CAB) export target of eight million bales this cotton year (October to September) might be a tall order.
Cotton importers in China (which accounts for about 60 per cent of India's cotton exports) have been told if they import, they would have to buy three times that amount from the Chinese government agency. This would hit India's cotton exports. In the second half of 2012, China had reduced cotton imports and it is expected the trend would continue through
