We also offer a flexible subscription product,
the Multi Report Package,
which allows you to select your own choice of reports from our full range,
to suit your own budget. Click here for full details.
Apparel business update, 2nd quarter 2008
published in Issue 2, 2nd Quarter 2008
Table of Contents
Indiaís Ministry of Finance has eased restrictions on Indian imports of apparel from Sri Lanka
Turkish sock manufacturers exported 1.5 bn pairs of socks in 2007
Vietnamís apparel exports to the USA in 2008 are expected to be worth US$6.1 bn
Brazil is the most attractive emerging market for apparel retailers investing abroad
ACQUISITIONS, DIVESTMENTS AND MERGERS
Fast Retailing plans to consolidate three of its subsidiaries
Adidas and Vulcabras have set up two joint venture companies for the distribution of Reebok products in Argentina, Brazil and Paraguay
American & Efird and Vardhman Textiles have completed the establishment of a joint venture company in India
Benetton Group and Sears Mexico have entered into a partnership to sell Benetton products in Mexico
C&A is hiring staff in preparation for the opening of its first stores in Bulgaria
Fast Retailing and Wing Tai Retail have joined forces to open Singaporeís first Uniqlo store
Fujitsu will expand its sales of ultra-high frequency (UHF) band radio frequency identification (RFID) tags for garments to companies in China, Europe and North America
Gap and Fiba Holding will expand their franchise partnership to Russia
Marks & Spencer (M&S) has entered into two joint ventures to aid expansion in Eastern Europe and India
Tagsys has launched a new line of radio frequency identification (RFID) systems for the textile service industry
The government of Uganda has acquired a 50% share in a textile processing company to help the firm to gain a foothold in the international organic cotton market
The government of Vietnam wants to attract US$31 bn worth of investment to the domestic apparel sector by 2020
Zara has opened its first stores in South Korea and has started to expand into Bulgaria
Zerostock Retail plans to have 30 exclusive outlets in India for its Cornerstone menís wear brand by the end of 2008
Brandix Group has opened Sri Lankaís first converted "eco-factory" in support of Marks & Spencerís "Plan A" initiative to reduce its carbon footprint
Bureau Veritas has opened a new textile testing laboratory in China
Keehwa Hitech has completed the construction of a new manufacturing centre for the production of laser cutters
Nilit has opened a new nylon yarn production facility in China
Toray has invested US$1 mn in Binh Thuan-Nha Be Garment
Van de Velde has selected a Lectra automated cutting system to improve its lingerie production
DSW has filed a lawsuit against Zappos
Quiksilver has won a trademark dispute against Kymsta six years after the original lawsuit was filed
CORPORATE SOCIAL RESPONSIBILITY
Inditex has demanded the closure of a manufacturing plant in Bangladesh following reports of poor working conditions
Invista has filed a lawsuit against DuPont for safety and environmental violations
The International Trade Union Confederation (ITUC) has criticised the working conditions of some major sportswear manufacturers
Abercrombie & Fitch has reported an 8% increase in total net sales during the first quarter of its 2008/09 financial year
Gildan Activewear has reported a 26.5% increase in sales during the second quarter of its 2007/08 financial year
H&M has reported an 18% increase in total sales excluding value added tax during the first quarter of its 2008/09 financial year
JC Penney has reported a 5.1% fall in total sales during the first quarter of its 2008/09 financial year
Marks & Spencer (M&S) has reported a 20.5% increase in its profit before tax for the whole of its 2007/08 financial year
Perry Ellis International has reported a 6.5% increase in its total revenues during the first quarter of its 2008/09 financial year
PPR has reported a 20% increase in revenues from continuing operations during the first quarter of 2008
TJX Companies has reported a 6% increase in net sales during the first quarter of its 2008/09 financial year
Denim by PremiŤre Vision is becoming a leading event for jeanswear and denim firms
The first Bridges of Fashion conference took place in Istanbul in June 2008 to draw attention to the advantages of the Turkish textile and clothing industry
The first ever combined ITMA Asia and CITME exhibition has attracted strong participation from European textile machinery manufacturers
Four times a year, Global Apparel Markets provides essential and up-to-date analysis and insight into the global apparel industry.
Reports contain updates on developments in the apparel sector, trade and trade policy, research-based information on individual market sectors, business news and expert opinions on strategy Ė to keep retailers, manufacturers and investors informed of the facts and figures which will affect their businesses.
Each issue contains:
a detailed research-based report or company profile covering information on sourcing, developments in technology, colour and/or fabric trends, market sectors such as discount retailing, or other issues which affect companies in the apparel industry;
a round-up of industry developments and innovations in the apparel sector;
a feature on trade and trade policy;
advice from industry experts on strategy; and
An annual subscription to Global Apparel Markets is a cost-effective way to keep yourself and your colleagues informed about trends and developments in the global apparel industry. The reports are available on subscription in printed and electronic format.
You will also receive "Global Apparel Update" delivered to you by email, free of charge, once a month. This free supplement contains an update of business news as well as the latest product developments and innovations.
Individual issues are also available for purchase. Our customer service team will be pleased to advise you on the most suitable method of purchasing.
Electronic supplement If you choose the printed and electronic option, you will receive an extra service. You will still receive each issue in printed format, delivered to you by traditional post.
In addition, you will be able to download PDF files containing the same information Ė but the PDF files will be available immediately on publication, so you donít have to wait for the printing and mailing. You also have all the benefits of electronic files: instant access even when you are away from the office; convenient storage in your PC or laptop; portability; electronic search facility; and copy/paste facility.
This is what our customers say:
"Running the largest online global sourcing marketplace and platform in the world for the Textiles and Apparel industries means I need to keep up with movements everywhere. I find the Global Apparel Markets report from Textiles Intelligence to always be full of great information that confirms to me what I know to be true and tells me what I need to be aware of in the global markets that I might not be. I always look forward to getting it in the mail."
(Tony Forcucci; Global Director, Textiles & Apparel Sourcing P; MFG.com)