Plummeting interest in the sport, lack of superstars to add luck lustre to brand sponsorships and a still reluctant to indulge consumer seem to be the main reasons for Adidas to follow rival’s Nike’s example and divest from the golf apparel niche. On Thursday, the Germany-based company announced it’s selling its golf equipment and clothing brands as interest in the sport plunges globally. It’s worth recalling how, not even a year ago, Nike said it was to “transition out” of selling golf clubs

Việtnam is one of the five biggest exporters in the world with exports of US$28.5 billion last year. But to achieve this, the country imports large volumes of feedstock including yarn, fabric and others, said Nguyễn Thị Tuyết Mai, deputy general secretary of Việtnam Textile and Garment Association (VITAS). However, the Vietnamese textile and garment industry needs to diversify its raw material import sources if it wants to develop. Depending on one or two sour

With favourable weather and market conditions for the production of cotton, India is likely to witness a rise in the planting of this fibre by 15 percent in the 2017/18 marketing season to a three-year high as farmers switch away from other crops, likely boosting cotton production and exports. Domestic cotton prices rose 19 percent from a year ago to 41,300 rupees ($639) per 356 kg candy, following the rally in overseas prices. A candy is a traditional measure of mass in India. A 15 percent r

Bemis Associates, a bonding innovation and design partner for leading performance, technical, lifestyle and luxury brands, is showcasing its complete suite ofSewfreebonding solutions at Techtextil in Frankfurt, Germany, this week. These include new productsLuxeLinerandNylock. Booth displays range from versatile technical applications to cooperative technology and integrated garments from leading partners including Google, Athos, Kate Spade, Huawei and Amazon. “With more than 107 years in t

Shandong Ruyi Technology Group (Ruyi) has decided to invest $410 million in the former Sanyo manufacturing facility in Forrest City, Arkansas. The company, headquartered in Shandong, China, will create up to 800 new jobs at the facility, where Arkansas cotton will be spun into yarn for textile use. This is Ruyi’s first facility to locate in North America. “Ruyi Group, as the largest textile manufacturer in China, has been expanding globally. Our manufacturing facility in Arkansas will become

Cotton planting in India, the world’s biggest producer of the fibre, is likely to rise by 15 per cent in the 2017-18 marketing season to a three-year high as farmers switch away from other crops, likely boosting cotton production and exports. Higher output in India could kill a rally that pushed global cotton prices to their highest in three years this month. “This year farmers received higher prices, so they are going to raise the area under cotton. We are expecting around a 15pc increase

Elastomeric Filament Yarn, such filament yarns are commonly referred to as Spandex or Elastanc. Based on the recommendations of the Designated Authority in the commerce ministry, a definitive anti dumping duty has been imposed on it against imports from China, South Korea, Taiwan and Vietnam. The petition to levy anti-dumping duty on 'Elastomeric Filament Yarn' from these four countries was filed by Indorama Industry Ltd. The revenue department has imposed anti-dumping duty that ranged fro

The Vietnamese textile and garment industry needs to diversify its raw material import sources if it wants to develop, a senior industry figure has said. Nguyen Thi Tuyet Mai, deputy general secretary of Viet Nam Textile and Garment (VITAS), said with exports of US$28.5 billion last year, Viet Nam is one of the five biggest exporters in the world. But to achieve this, the country imports large volumes of feedstock including yarn, fabric and others, she said. “Depending on one or two sou

In July-April of Fiscal Year 2016-17, Bangladesh earned $28.72 billion, which is 3.92% higher compared to $27.63 billion a year ago Despite having a double-digit export target, Bangladesh’s export earnings have risen by nearly 4% in July-April period of the current fiscal year. In attaining the government target of $50 billion export by 2021, Bangladesh has to register a double-digit growth while RMG sector over 12% growth in export earnings. Export-oriented sector people opined that ov

The two-day Bangladesh Denim Expo will start in Dhaka on May 17 to showcase denim fabrics, trousers and other products from home and abroad. The exhibition will be held at International Convention City Bashundhara, said Mostafiz Uddin, organiser of the show. Over 10,000 pre-registered visitors, which is double from the last edition, are expected to visit the sixth edition of the expo. This year's show with the theme “Denim Networks” will highlight the importance of the increasingly deve