Weekly News
Highlights
The 2018 Budget Speech (27/10/2017)
Comparison of Income Tax
BESTINET Presentation on FWCMSWeekly News 40/19 (5/10/2019)
Max Fashion initiates to donate clothes
Uniqlo to make clothes from recycled plastic
bottles
Forever 21 leaves Hong Kong; closes its last
store
UAE Sourcing Fair Date: 4-6/11/2019
Venue: Dubai
Vietnamese plant ships 4 tonnes sheep wool
yarn to Japan
Mastercard to test digital payments for garment factory
workers
Lululemon to shut down remaining Ivivva stores; pulls out of
kids category
Weekly News 39/19 (28/9/2019)
Minimum wage in Cambodia rises to $190 in
2020
Pakistan reports low textile exports in
July-August
Myanmar’s garment sector on right track, says MGEA
Australian wool auctions indicate strong
but flat market
Taiwan's Eclat Textile plans $170-mn
Indonesia investment
Vietnamese plant ships 4 tonnes sheep wool
yarn to Japan
Esprit witnesses big losses; however, signs of
improvement seen
Myntra and Tablez launch US kidswear brand OshKosh
B’Gosh in India
Weekly News 38/19 (21/9/2019)
Toray to expand further in Vietnam!
Inditex posts 7% growth in first 6 months
Esprit’s ‘future store design’ launched in
Beijing
H&M sees highest sales growth in 3 years in Q3
Negotiations for Cambodia’s minimum wage continue
Apparel export earning drops by 0.33% in
July-August
Karnataka garment workers demand increase in wages
Myanmar's garment export reaches $4.3 bn in 11 months
Weekly News 36/19 (7/9/2019)
After spin off, Gap to retain its name
Guess Jeans launches Guess Sports
Primark to train 160,000 cotton farmers
Bangladesh, Argentina agree to boost trade
Egypt issues decree regulating cotton trading
Is zero import duty for Bangladesh a threat for
India?
Japanese firms make jacket with synthetic
protein textile
Weekly News 35/19 (31/8/2019)
RMG export posts 9.7% growth in July
Italian streetwear brand in Greater China now!
Gap Inc net sales down 2% to $4 bn in Q2 2019
US firms told to leave PRC after tariff hike announcement
Commerce Minister urges Brazil to slash 35%
import duty
Li& Fung’s turnover sees 8.4% decline! Net
profits increase
Puma joins global Fashion Pact to protect
climate, oceans
Weekly News 35/19 (31/8/2019)
RMG export posts 9.7% growth in July
Italian streetwear brand in Greater China now!
Gap Inc net sales down 2% to $4 bn in Q2 2019
US firms told to leave PRC after tariff hike announcement
Commerce Minister urges Brazil to slash 35%
import duty
Li& Fung’s turnover sees 8.4% decline! Net
profits increase
Puma joins global Fashion Pact to protect
climate, oceans
Weekly News 34/19 (24/8/2019)
Uniqlo’s first roadside store in the Philippines!
WPI inflation for apparel drops 1.2% in July 2019
US cotton exports fall in major markets outside Vietnam
Indonesian textile-garment sector expanded by 20.71% in Q2
50,000 new jobs! A new strategy to revive Uganda’s textile
industry
Iran sees increase in textile exports; imposes restrictions on
imports
Bangladesh, Vietnam and India steer export to USA in first half
of 2019
Weekly News 33/19 (17/8/2019)
Trade war causes slump in Giordano sales
H&M x Toca Life kidswear capsule goes on sale!
Versace apologises after T-shirt draws Chinese
wrath
Some Vietnamese garment units sees decline in orders
Indonesia raising volume of garment-textile exports to US
US delays 10% tariff on some clothing imports
from China
3 million garment workers may struggle if
tariff-free status is withdrawn, says GMAC
Readymade garments from China coming in
duty-free through Bangladesh: Apparel industrialists
Weekly News 32/19 (10/8/2019)
RMG sector earns big from export to India!
Trump to impose 10% tariff on $300 billion of Chinese Goods
Puma sales rise in first 6 months! New stores
unveiled in China
Labour-related issues! Challenges ahead for Vietnam’s textile sector
Bangladesh and Vietnam jointly gain 2nd largest apparel
exporter position
Vietnam hasn’t gained much from US-China trade war, says VITAS
Chairman
Nike announces its acquisition of Celect aiming to
better predict shopping behaviour
Giordano reports decline in profits for second consecutive
quarter owing to US-China