The aftermath of the April garment factory collapse in Bangladesh that killed more than 1,100 has apparel executives eying higher clothing costs next year. Apparel unit costs look to increase at a low-single-digit rate next year, after a decline since 2012, according to a Cowen & Co. survey of 15 executives and agents that handle apparel sourcing for retailers and brand manufacturers. More than two-thirds of the survey respondents see higher apparel costs next year, with 20% of them expec

Canadian apparel maker Gildan Activewear Inc raised the lower end of its full-year earnings outlook for the second time this year, saying it expects higher sales of printwear and branded apparel. Gildan now expects 2013 earnings to be $2.67-$2.70 per share, up from $2.65-$2.70 forecast earlier. Analysts on average had expected earnings of $2.68 cents per share, according to Thomson Reuters I/B/E/S. The Montreal-based company reported a 47 percent jump in third-quarter profit on Thursday. Net

(Exports stood at Rs 13,000 crore in 2012-13, growing by 8% from the previous year. But this year the exporters are expecting double digit growth.) Exports from Tirupur, the knitwear hub of the country, have shown about 19% rise in the first quarter ended June,2013. The region in Tamil Nadu, which accounts for 42 % of the total knitwear exports from the country, shipped Rs 4,100 crore worth of materials in the first three months. In the same period in the previous year, exports touched Rs 3

All Pakistan Textile Mills Association (APTMA) said National Tariff Commission (NTC) would not impose anti-dumping duty on import of Polyester Staple Fibre (PSF) from China. Acting Chairman APTMA Wisal Monnoo said after the successful representation by APTMA of its case non-imposition of anti-dumping duty would have a positive impact on textile imports and would provide a long term advantage to the textile industry, as polyester use was bound to increase. NTC initiated anti-dumping investigat

The country's biggest man-made fabric wholesale market in the city will come to a grinding halt with the grey and finished fabric tempo transporters and the parcel contractors announcing an indefinite strike from Friday. Market sources said the tempo transporters have been protesting against textile traders for not providing them parking facilities in the market premises and the alleged harassment by traffic police on the road. There are more than 2,500 tempo transporters delivering grey or

(Cotton yield in Vidarbha is feared to decrease by 40%-50 %. Yet scientists and the industry expect cotton production to be better than last year.) Excess rainfall in July has harmed the cotton crop in large parts of southern and central India, while a slightly deficient rainfall in Haryana, Punjab and Rajasthan has led to pest incidence. Cotton yield in Vidarbha is feared to decrease by 40%-50 %. Yet scientists and the industry expect cotton production to be better than last year. Ince

On 11 July, the US Department of Agriculture boosted its global crop estimate, citing output gains in India, the largest grower after China, and forecast stockpiles of 20.5 million tonnes. Photo: Abhijit Bhatlekar/Mint Global cotton stockpiles next year will be 7% bigger than estimated in July and the largest ever as India’s crop improves and demand grows more slowly that expected, the International Cotton Advisory Committee said. Inventories on 31 July 2014 will reach 19.81 million tonne

A new cotton trading centre has been established recently in Tianmen, a city in Hubei province, which is located in the heart area of the country and connected by Yangze River, railways and expresses to other regions. The centre is the largest cotton trading hub in the country and cost 6 billion yuan. It consists of trading facilities, storage, a textile market and logistics centre. The site has 33 warehouses, with 70,000 square meters of space, which can hold up to 150,000 tonnes of cotton.

In the first half of 2013, apparel exports value totalled US$ 1,873 million more or less at same levels recorded during the corresponding period in 2012, where apparel only exports stood at US$ 1,874 million, announced Industry and Commerce Minister Rishad Bathiudeen. Country's non-BoI apparel exporters have been now integrated to the crucial global network called UNCTAD-initiated Asycuda World system“Today, Sri Lanka’s apparel sector is entering into a new phase. As a result of Sri Lanka’s

In mid-July, partly in response to public pressure, US garment manufacturer and retailer American Eagle Outfitters confounded media observers by signing on to the international Accord on Fire and Building Safety for Bangladesh, a compact among more than 70 international retailers, the bulk of the ready-made apparel industry that represents 80% of Bangladesh’s economy. Until that announcement, media reports had lumped American Eagle in with the Walmart-associated resisters -- more than a dozen m