China’s Minstry of Finance (MOF) announced a further increase in VAT export rebates on around 600 lines – just days after another ministry denied such plans.
The MOF made ../read moreabout:Chinese deny increasing export tax rebate – but increase some anyway03 Jun 09
Germany’s Arcandor, which owns Karstadt and Quelle, filed for bankruptcy protection on June 9 after the German government rejected a request for loan guarantees.Arcandor, which employs about ../read moreabout:Germany’s largest apparel retailer files for bankruptcy03 Jun 09
Li & Fung stands to lose just US$5.4 mn from the Arcandor collapse, the buying group announced on June 10.With profits in 2008 of US$313 mn, the potential direct loss – the value of unpaid ../read moreabout:Arcandor: Li & Fung claims minor profit hit10 Jun 09
Fountain Set, one of the world’s largest circular knitting businesses, announced sales for the six months to February 28 19.1% down on 2008 at US$321 mn. Net profits appeared to be better, since ../read moreabout:Fountain Set freezes expansion as losses double10 Jun 09
As Bangladesh garment manufacturers pitch for easier access to foreign markets, they continue to argue against non-Bangladeshi businesses setting up in their own country.Trade association BGMEA ../read moreabout:Bangladeshis oppose foreign investment03 Jun 09
Germany’s Arcandor, which owns Karstadt and Quelle, filed for bankruptcy protection on June 9 after the German government rejected a request for loan guarantees.
China’s Bosideng International announced it has acquired Jiangsu Kangbo Garment, a menswear manufacturing business,Bosideng, which was built on making and retailing down jackets, had earlier made ../read moreabout:Bosideng continues menswear diversification programme03 Jun 09
Metro Spinning,a subsidiary of Bangladesh’s Maksons Group, announced plans to establish a new fabric mill with 8.7 mn yards annual capacity. “We hope to start commercial operations by September ../read moreabout:Bangladesh spinners set up fabric mill as yarn makers get trade barriers03 Jun 09
Japan’s Nisshinbo Textile. and Indian spinners Vardhman Group will set up a $3mn joint vebnture shirt production plant in Ludhiana in the Indian Punjab.Nisshinbo announced production would start in ../read moreabout:Nisshinbo moves into Indian manufacturing03 Jun 09
Indian textiles’ distressed loans double in four months India’s clothing and textile businesses accounts for nearly a third of the $3 bn of corporate debt restructuring initiated by Indian companies in the twelve months to April 2009. The amount of loans ..
/read moreabout:Indian textiles’ distressed loans double in four months
03 Jun 09
In late April, China announced its intention to step up its subsidies on clothing and textile exports and to take its VAT rebate level on clothing and textile (T&C) exports to 100% of tax paid. ../read moreabout:Will the world accept China’s latest support package?01 May 09
The fall in US retail sales has hit the world’s largest market for jeans just as the elimination of US anti-China quotas on trousers intensified competition in the US. The effect on US jeans imports ../read moreabout:Sourcing denimwear: transformed over the past two years01 May 09
Mexico and the DR-CAFTA countries have seen faster sales loss since the beginning of the crisis than anywhere else in the world. Completely dependent on the US, and peculiarly vulnerable to America’s ../read moreabout:Central America’s clothes makers: the real victims as the US abandons anti-Chinese quota01 May 09
In spite of some stories about strikes, Egypt’s garment factories remained calm in early 2009.
In early April, the country confirmed a subsidy of $0.49 per kilo on local cotton, and ../read moreabout:Egypt: Recent Sourcing History01 May 0
Most clothing retailers are still announcing slowdowns in expansion. But the major chains are also still finding new countries to open in. We look at how these two facts are compatible – and what that ../read moreabout:Why retailers love overseas expansion, though foreign outlets are closing01 May 09
Clothes importing countries practically abandoned penal duties and quotas on clothes and textiles in 2008m according to the World Trade Association (WTO)
The WTO report, released on May 7, was ../read moreabout:Importing countries give up sanctions08 May 09
US apparel imports fell 7.9% in April on April 2008, according to OTEXA preliminary data.
The sharp fall comes after a mere 1.1% fall in March, and an 11.9% fall in January/February. Measured in ../read moreabout:US imports fall back again08 May 09
During 2008, Cambodia’s rapid growth stopped as Vietnam’s trade with the US became liberalised. Since the end of 2008, the country seems to ../read moreabout:2008 Cambodia sourcing update12 May 09
It’s simply a myth that China is losing business because other locations are getting cheaper or more reliable. China’s share of the ../read moreabout:2008 China sourcing update12 May 09
Doubts over Costa Rica’s involvement with the DR-CAFTA free trade agreement were partly behind a number of factory closure decisions in ../read moreabout:2008 Costa Rica sourcing update12 May 09
Colombia’s share of US business fell more sharply in 2008 than almost anywhere else in the Americas as concern over the future of its FTA ../read moreabout:2008 Colombia sourcing update12 May 09
The Czech Republic seemed to have stabilised its share of the EU market by 2008, and neither its sales nor its competitiveness moved ../read moreabout:2008 Czech Republic sourcing update12 May 09
During 2008, prices from the Dominican Republic to the US started becoming less competitive. Though its share loss slowed, its volume is less than half what it was achieving at its ../read moreabout:2008 Dominican Republic sourcing update12 May 09
In spite of some stories about strikes, Egypt’s garment factories remained calm in early 2009.
