In 2017, adidas delivered a year of strong performance, increasing currency-neutral revenues by 16%. This development mainly reflects an 18% increase at brand adidas, which was mainly driven by double-digit sales increases in the running category as well as at adidas Originals and adidas neo. In addition, high-single-digit sales increases in the training category also contributed to this development. Revenues at the Reebok brand grew by 4%, driven by double-digit sales increases in Classics,

China's economy kicked off 2018 on a strong note with better-than-expected data for the first two months. Industrial output expanded at 7.2 percent year-on-year in the first two months, accelerating from 6.2 percent growth in December 2017, the National Bureau of Statistics (NBS) said in a statement. The growth was faster than the 6.3 percent growth during the same period last year, and was well above analyst expectations. Retail sales of consumer goods grew 9.7 percent year-on-year, fa

The Alliance continues to achieve unprecedented progress in our efforts to improve safety within the readymade garment industry in Bangladesh A total of 322 RMG factories affiliated with the Alliance for Bangladesh Worker Safety have completed all material components in their corrective action plans. Some 88% of factory remediation is complete across all active factories, including 84% of items most critical to life safety. The Alliance, a platform of North American apparel buyers t

Kenya’s textile industry will soon have a very rare raw material to convert it to favourable outcome as Kenya’s research team along with Chinese textile manufacturers has found a wild fruit Calotropis procera, which grows in arid regions (Baringo, Kajiado and Makueni) and after a research it was found to produce good quality fibre. This fibre is regarded as unique, surpassing the quality of cotton and silk. A Team of Researcher are spending time to explore the fruit’s fruitful results so that

As buyers and sellers stayed away, dull and dreary conditions prevailed on the cotton market on Tuesday. Overall, the undertone was firm but the outlook uncertain as the market was directionless due to diminishing stocks and shortage of quality lint. According to market reports, no transactions were reported on the ready counter. At the Karachi Cotton Association (KCA) did not change the spot rates, currently pegged at Rs7,400 per maund. High cotton prices are reportedly discouraging sm

China's economy kicked off 2018 on a strong note with better-than-expected data for the first two months. Industrial output expanded at 7.2 percent year-on-year in the first two months, accelerating from 6.2 percent growth in December 2017, the National Bureau of Statistics (NBS) said in a statement. The growth was faster than the 6.3 percent growth during the same period last year, and was well above analyst expectations. Retail sales of consumer goods grew 9.7 percent year-on-year, fa

For fiscal 2017, Lenzing Group, a supplier of global textile and nonwovens industry with high-quality, botanic cellulose fibres, has recorded revenue growth of 5.9 per cent to €2.26 billion. The company has recorded high revenue and earnings due to a better product mix and higher selling prices in combination with a generally favourable market environment. The company EBITDA improved by 17.3 per cent to €502.5 million (2016: €428.3 million). The corresponding EBITDA margin rose to 22.2 per ce

Vietnamese garment-textile sector inspite of huge challenges in the global market are eyeing eyeing for a growth of 10 percent in 2018. The sector earned 4.3 billion USD from exports in the first two months this year, up 22.3 percent year on year. To realize the target, the sector plans to improve product quality and ensure on-schedule deliveries at reasonable prices to enhance its competitiveness, said Le Tien Truong, Director General of the Vietnam National Textile Garment Group. The use

A total of 13 Italian textile machinery manufacturers will be presenting at the Indo Intertex trade fair, in Djakarta, Indonesia, from 4-7 April, in the common exhibition area set up by the Italian Trade Agency and ACIMIT, the Association of Italian Textile Machinery Manufacturers. The textiles industry is a major driving force for Indonesia’s national economy. In recent years, the local government has thus supported a widespread modernisation programme of existing technology, allowing for i

Looming global trade war may affect Bangladesh’s economy and trade particularly exports as the US administration under president Donald Trump is planning to impose additional tariffs on apparel imports. After imposing tariffs on imports of a number of products from different countries, the world’s biggest economy is now planning to impose tariffs on up to $60 billion of Chinese imports targeting apparels, footwear, and technology and telecommunication sectors, according to a Reuters report.