Online fashion retailer ASOS PLC (ASC.LN) will launch websites in China and Russia "within a year" and, in a break from its usual business model, will operate technology platforms in those countries, its chief executive said Thursday. The long-awaited Chinese and Russian-language websites will give ASOS wider reach in two of the biggest markets for international retailers as the company strives to reach its target of having 1 billion pounds ($1.61 billion) of sales in five separate markets by

Exports of pashmina, readymade garments (RMG) and woolen carpet combined dropped by around 29 percent over the first two months of the current fiscal year compared to the same period in the last fiscal. According to Nepal Rastra Bank (NRB) - the central monetary authority, the country exported Rs 1.18 billion worth of pashmina, RMG and woolen carpet to different international markets during the first two months of 2012/13 ended mid-September. Nepal had earned Rs 3.06 billion from export of thes

Chinese artists were specially commissioned and have produced 8 amazing new pieces for the Wool Modern showcase in Shanghai – Exception, Mo Jiao, PINWU, HHDFUN, Hou Zheng Guang, Vega Wang, Xander Zhou and Zhang Chi. VISION magazine co-hosted the event which launched this groundbreaking exhibition presenting a new look at wool, one of the oldest natural fibers known to man. Guests included Chinese artists Mo Jiao, Xander Zhou and PINWU. More than 60 pieces are included in the exhibition.

With the domestic demand of petroleum products on the rise, output from the local oil and gas fields much below expectations, the refiners are left with little option but to depend on expensive imports. In September, to meet the 2.8 per cent increase in petroleum products consumption the domestic refiners imported 11 per cent more crude oil at 14.42 million tonne year-on-year. According to the Petroleum Planning & Analysis Cell, the consumption estimates represent the market demand a

Facing tough competition from countries like Vietnam and Bangladesh in US and European markets, Indian apparel exporters have started venturing into non-traditional markets like Russia, Mexico, South Africa, Australia and West Asia. The plan is to increase exports to non-traditional markets from 24% to 35% within the next few years. Apparel exports from India to the US slumped 10.6% this year up to July to $1.94 billion, according to data given by the Office of Textiles and Apparel, US. While

Unitex Textile Rental Services, a linen and uniform rental and laundry facility unveiled its newest plant on Van Dyke Avenue Thursday morning. Unitex launders hospital and medical facility linens and uniforms at its new 100,000 sq. foot plant, staffed by 300 people, most of which are local, officials say. With the opening of the New Brunswick location, Unitex now operates 11 facilities in New Jersey, New York and Connecticut. The company is family run, and has been since it was founded mor

Samsung Group, in cooperation with Shandong Ruyi Group, will invest $21.5 million in Chongqing municipality to build a textile industrial park in Southwest China. The new investment involves in three aspects, 250k-spindles of compact spun project, 50mln-meters of Ruri textiles and apparel project and 10mln-pieces of Ruri textile and apparel project. After the construction, the industrial park will be the largest textile industrial base in western area with retail revenue 10bln yuan a year. A

There's been a further improvement in wool prices at this week's sale. The exporter, New Zealand Wool Services International, says increased interest from China and India helped to lift some prices significantly. Of almost 12,000 bales of South Island wool up for auction, 88% was sold. Merino fleece made the biggest gains, with prices increasing 10% to 15% in line with the Australian market trend in recent sales. There was strong competition for fine cross bred wools, which sold for up t

The upward trend in wool prices continued at this week's sale and the Cape Wools indicator gained another 3.2% to close at R104.43/kg (clean). This is a 19.5% increase on the opening sale. The increase was prompted by good demand from all sectors of the trade and a rise in Australian prices. A slightly softer rand also supported the market. At R8.70, the rand had depreciated by 0.7% against the US dollar compared with last week’s average rate as it tracked the lower euro, but at R11.28, the cu

The 13th purchase meeting, which is the part of the textile expo activities, was held successfully on the 2nd floor of the Exhibition Ceter on 27th, Oct. More than 50 purchaserswith the requirement of apparel and hometextile fabrics attended thismeeting, who are mainly fromEurope, SoutheastAsia andMiddle East. Some of them have been to the meeting for several times before and they came with orders this time. Mostof the attendants indicated that the purchase meeting helped them to find the