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Textiles Intelligence
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Thursday, April 24, 2014
US: Bebe Stores forecasts wider Q3 loss  (2014-04-23)
  Women's wear retailer Bebe Stores says it expects a wider third-quarter loss than first forecast, after winter storms and the late timing of Easter led to lower sales.
US: Perplexing lack of action to change import scheme  (2014-04-23)
  Changes are urgently needed to an "ineffective" US import programme designed to boost the apparel industry in the Dominican Republic, according to the American Apparel & Footwear Association (AAFA).
MALDIVES: Parliament approves apparel import duty  (2014-04-23)
  The Parliament of Maldives this week approved amendments to the country's Export-Import Act, which will levy a 15% tariff on the import of apparel and clothing accessories.
MEXICO: Walmex Q1 profit falls on higher costs  (2014-04-23)
  Retailer Wal-Mart de Mexico, known locally as Walmex, has blamed higher expenses and a shift in the timing of Easter for a 4.5% drop in first-quarter profit.
US: AAFA urges import programme changes  (2014-04-23)
  Changes are urgently needed to an "ineffective" US import programme designed to boost the apparel industry in the Dominican Republic, according to the American Apparel & Footwear Association (AAFA).
BANGLADESH: BRAC USA to fund Rana Plaza worker training  (2014-04-23)
  The Bangladesh Humanitarian Fund - an initiative of charitable foundation BRAC USA - is making a grant of US$1.25m to fund employment opportunities for 250 Rana Plaza workers.
US: Skechers Q1 profit soars on higher sales  (2014-04-23)
  Skechers USA has seen its first-quarter profit increase more than four-fold, on the back of double-digit sales growth and higher margins.
UK: Primark hails "excellent" H1 performance  (2014-04-23)
  UK value fashion retailer Primark has hailed what it described as an "excellent performance by any standard" during the first half, after booking a 26% hike in profit.
UK: Sports Direct on track to hit full-year profit target  (2014-04-23)
  UK retailer Sports Direct International says it is confident it will meet its full-year profit target, after booking a double-digit hike in fourth-quarter sales.
EUROPE: Retail network streamlines transportation sourcing  (2014-04-23)
  A group representing 20 European retailers has placed its supply chain onto a single network to streamline transportation sourcing.
US: Patagonia invests US$20m in sustainable processing  (2014-04-23)
  Outdoor apparel business Patagonia has invested US$20m in sustainable textile processor CO2Nexus through its environmental $20 Million & Change fund.
BANGLADESH: Rana Plaza workers awarded BDT50,000 each  (2014-04-23)
  The Rana Plaza Coordination Committee has agreed to award BDT50,000 (US$650) each to victims of the building collapse as advance compensation payments.
CHINA: Adidas shoe supplier factory strike enters second week  (2014-04-23)
  Workers striking at the Yue Yuen shoe factory in China have rejected management's latest offer, pushing what has become the country's largest worker strike in recent history into its second week.
CHINA: Shoe Yue Yuen factory strike enters second week  (2014-04-23)
  Workers striking at the Yue Yuen shoe factory in China have rejected management's latest offer, pushing what has become the country's largest worker strike in recent history, into its second week.
INDIA: Better Cotton approves spend for 50 projects  (2014-04-23)
  Investors of the Better Cotton Fast Track Program (BCFTP) have approved spending of nearly EUR10m (US$13.8m) for 50 Better Cotton projects this year.

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