US retailers say proposed legislation that would expand President Donald Trump's ability to increase import tariffs in response to foreign trade barriers is the "exact opposite" of what Congress should be focusing on.
The Vietnam National Textile and Garment Group (Vinatex) is eyeing a 6-8% rise in exports and a 12% growth in annual profit for the year ahead on the back of strong growth in 2018 and the expected shift in business away from neighbouring China.
'Robust' online growth from its three so-called 'Power Brands' and a stable margin performance failed to prevent a slip in overall sales at N Brown Group in the third quarter as the retailer says it is currently re-evaluating its proposition for the JD Williams business.
Increased retail selling space and better than expected sales over the Christmas trading period helped drive a 4% sales rise at Primark in the first quarter, with the value fashion retailer significantly increasing its share of the total UK clothing market in the period.
The Garment Manufacturers Association in Cambodia (GMAC) has welcomed the introduction of a new policy to safeguard the country's traders should the EU and US follow through with threats to pull the country's access to preferential trade terms.
Swiss speciality textile effects company HeiQ has launched a new radiant barrier technology on high performance fabrics that allows outerwear to offer high levels of warmth while reducing bulk by as much as 50%.
Edward Lampert, chairman of Sears Holdings, has prevailed in a bankruptcy auction for the troubled department store retailer, having sweetened his takeover bid to US$5.2bn. But while the move means about 400 stores will remain open, one analyst warns Sears is still a "broken business that is surrounded by gloom".