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Cotton planting in the northern hemisphere for 2013-14 is progressing well, with an estimated 29.8 million ha forecast for 2013-14, according to the International Cotton Advisory Committee (ICAC). Global cotton production is forecast to drop slightly from a record 27.8 million tons in 2011-12 to 26.4 million tons in 2012-13, and to 25 million tons in 2013-14.
In the United States, cotton was planted at a rapid pace in the month of May. In 2013-14, US cotton area is projected to
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The garment industry of Kyrgyzstan will increase export by 60 percent before 2015. Increase in output will make up 43 percent. At least 20,000 new jobs will be created as part of the government program for development of the textile and garment industry, the Ministry of Economy of Kyrgyzstan informed.
The achieve the goals the program includes several items aimed at achievement of these indexes under the Customs Union. It is planed to create a garment technopolis in Voenno-Antonovka, as well a
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Top 10 popular fabric (2013-06-10)
Item
Width(cm)
Weight/Composition/Specification
Price(Yuan/m)
Embroidered snow yarn
150
30D×30D
21.00
Printed Crinkle Chiffon
150
FDY75D
4.50
Cationic silk brocade
90
210
13.00
Cotton yarn-dyed checked shirt fabric
150
40×40、110×70
8.20
Cotton pad-dyed carded voile
140
60s×60s、90×88
6.00
Thin serge
150
t/r80/20、30s×30s、99×80
9.00
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J.Crew Group in its financial results for the three months ended May 4, 2013 said that its revenues increased 12 percent to 564.1 million dollars, with comparable company sales increasing 5 percent.
When realigning the weeks of the first quarter last year to be consistent with the current year retail calendar, comparable company sales increased 3 percent on top of an increase of 16 percent in the first quarter last year. Store sales increased 7 percent to 380.2 million dollars on top of an incr
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Gap reported that its May 2013 net sales increased 11 percent compared with last year. Net sales for the four-week period ended June 1, 2013 were 1.22 billion dollars compared with net sales of 1.10 billion dollars for the four-week period ended May 26, 2012.
“We are pleased with the positive customer response to summer product across our brands and the continued momentum in the business,” said Glenn Murphy, Chairman and Chief Executive Officer of San Francisco based Gap Inc, adding, “Due to th
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Kering, formerly known as luxury group PPR, is to revamp over 60 of its Gucci stores in Japan.
The conglomerate is anticipating a recovery of the luxury goods market in Japan, with consumer confidence restored. Kering sees the boost investment in Japan as part of its international expansion plan.
On June 18th PPR's name will be officially changed to Kering.
The company will also add more directly run Puma retail units, using the know-how gained from its Osaka megastore - the brand's largest i
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Cambodian garment industry may be threatened by the duty-free agreements that are likely to be signed between its neighboring countries and foreign buyers, the Commerce Minister of Cambodia, Cham Prasidh has said.
Cambodia’s competitor nations including Vietnam and Myanmar have recently proposed free-trade agreements with the US and EU, which may reduce the number of orders for the garment sector in Cambodia, Mr. Prasidh said at a press conference.
The Commerce Minister pointed out that
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Shoes are made in Huu Nghi Da Nang Joint Stock Company in An Don Industrial Zone, Da Nang City's Son Tra District. Footwear exports brought Viet Nam US$3.1 billion in the first five months of this year. — VNA/VNS Photo Tran Le Lam
Viet Nam earned US$3.1 billion in footwear exports in the first five months of this year, a year-on-year increase of 11.4 per cent, according to the General Statistics Office.
Last month alone, export turnover reached $750 million due to the stability of traditio
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The Turkish government is weighing review of the decision regarding imposition of an additional duty on import of readymade garments (RMG), as the global pressure builds in the connection.
"We've heard the government is considering withdrawal of the additional duty as the global pressure is mounting," the general coordinator of Textile Machinery and Accessories Manufacturers Association of Turkey, Richard Salvatore MBE, told the FE.
He, however, said the move to withdraw the duty was facing a
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Bangladesh's finance minister promised on Thursday to improve working conditions in the garment industry after a deadly factory collapse, but he spurned calls for new public money to construct safer buildings.
Abul Maal Abdul Muhith's 2013/14 budget aims to bolster faltering economic growth to 7.2 percent after political unrest and strikes for better pay and conditions in the clothing industry hit output this year.
The government will raise public spending by 16 percent to 2.22 trillion ta