Issue
2:
2nd Quarter 2008
Product Overview
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Apparel business update, 2nd quarter 2008 |
32 pages,
published in Issue 2, 2nd Quarter 2008
Report price:
Euro 395.00;
US$ 520.00
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- INTERNATIONAL TRADE
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- India?s 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
- Vietnam?s apparel exports to the USA in 2008 are expected to be worth US$6.1 bn
- MARKETS
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- Brazil is the most attractive emerging market for apparel retailers investing abroad
- ACQUISITIONS, DIVESTMENTS AND MERGERS
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- Fast Retailing plans to consolidate three of its subsidiaries
- STRATEGIC VENTURES
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- 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 Singapore?s 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 men?s wear brand by the end of 2008
- INVESTMENTS
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- Brandix Group has opened Sri Lanka?s first converted "eco-factory" in support of Marks & Spencer?s "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
- TRADEMARK INFRINGEMENTS
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- 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
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- 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
- FINANCIAL RESULTS
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- 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
- EVENTS
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- Denim by Première 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
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practical and strategic advice from industry experts