Deliverance is on the way for India’s garment industry, currently being overtaken by Bangladesh in the global marketplace, thanks to a rising rupee and India’s inflexible labour laws. The government is in the process of amending labour laws to allow the textile industry, and other such industries where the demand for labour rises steeply in […]
Minister of State for Textiles, E V K S Elangovan said the government expects an increase in employment of 45.19 million persons in the textile industry by the terminal year of the Eleventh Plan.
Replying in the Parliament, he said employment in the allied industries is expected to increase from 54.85 million persons to 60.20 million […]
Minister of State for Textiles, E V K S Elangovan said the government expects an increase in employment of 45.19 million persons in the textile industry by the terminal year of the Eleventh Plan.
Replying in the Parliament, he said employment in the allied industries is expected to increase from 54.85 million persons to 60.20 million […]
manufacturing turnover was 11 percent higher than in January 2007. The growth was considerably higher than in December. Turnover growth on the domestic and foreign market was about the same.
The increase was largely caused by higher selling prices, particularly for petroleum and chemical products. Improved sales accounted for the remainder of the increase.
The 14 percent […]
Prime Minister Nguyen Tan Dung has inked a development strategy for Vietnam’s textile and apparel industry applicable until 2015 with a vision to 2020. The strategy envisages annual growth rate of 16-18% for the industry between now and 2010, annual export revenue increase of 20% and outbound sales of US$14.8 billion by 2010.
* Price of […]
The employees in the textile and clothing industry in the western part of Germany will receive a wage increase of 3.6 pct from June 1, trade union IG Metall said in a statement.
In addition, employees will receive two one-time payments in April and May of 200 eur each, it added.
The new wage contract will […]
Timberland Co., which makes apparel and footwear, said Monday its board of directors authorized the repurchase of another 6 million shares of common stock.
The company said the authorization adds to the company’s current 6 million-share authorization. Timberland said about 1 million shares remained on that authorization at the end of 2007.
As of Feb. 22, Timberland […]
Nike is expanding its sportswear training business and upping the pressure on competitor Under Armour.
The Beaverton, Ore.-based company said Monday it is launching a line of footwear, apparel and equipment focused on young athletes, including a partnership with a specialty company called Sparq Training.
“I think over the last couple of years, there is a real […]
In an economy in which many businesses are struggling, it’s good news to learn of the expansion of an existing retail store.
Lee and Mike McLaughlin opened Lee Tracy on the boardwalk on Pensacola Beach about two years ago. Now the couple are adding another location, also on the boardwalk.
“The idea of an expansion has […]
Athletic footwear and apparel retailer Foot Locker Inc. on Monday forecast 2008 profit below analysts’ estimates.
The company said it expects profit between 65 cents and 85 cents per share in 2008.
Analysts polled by Thomson Financial predict earnings of $1.01 cents per share.
The company said the economic climate for footwear retailers in the U.S. will likely […]
Dussault Apparel, Inc. announced today that it has signed a non-binding Letter of Intent to acquire Vancouver’s legendary Dayton Boots Enterprises, Inc., www.daytonboots.com. Dayton began business in 1946 and is one of Canada’s best known and best loved quality footwear and boot brands. Its products are sold primarily through retailers across Canada and recently began […]
Gerber Technology, the world leading supplier of automated CAD/CAM and PLM solutions for the apparel and flexible materials industry, is celebrating its 40th year in the apparel industry. The company was founded as Gerber Garment Technology in 1968, and today is known as Gerber Technology. The company boasts an impressive history of innovation and a […]