The slide in the value of the Egyptian pound since December is good news for the textile industry, but its impact is blunted by the deterioration in economic and business conditions since the 2011 revolution, exporters say. Manufacturers have been arguing for years that the currency is overvalued, damaging competitiveness and business. Though they now welcome the devaluation of the pound, they are deeply anxious about the upheavals in the exchange market and the more general deterioration in t

National Cotton Council economists say cotton's 2013 outlook will be influenced by China's policy decisions and continued competition from man-made fiber (MMF). Gary Adams, the NCC's vice-president Economics and Policy Analysis, told delegates at the NCC's 75th Annual Meeting in Memphis that recent data on fiber market share clearly demonstrates the many challenges in terms of competition from MMF that the cotton industry faces in 2013. According to Adams, "Measured on the basis of pounds of

In a backdrop of foreign buyers and customers building confidence with the end of the three decade war and the boost in tourism in Sri Lanka, the country’s apparel industry was reaching a positive boom, said Managing Director of Flying Apparels, Asiri Perera. He said this was despite government opponents and outsiders saying that a problem had risen from the withdrawal of the Generalized System of Preferences (GSP) concessions scheme that the US had initiated and other duty grants. “With me,

The Los Angeles International Textile Show (LA TEXTILE) announced its newly minted partnership with prominent fashion trend analyzer and forecaster Stylesight. Stylesight is the industry-leading content and technology solution for professionals in the style, fashion and design sectors. They deliver global information and a visionary online workspace designed to help the industry anticipate and analyze an ever-changing marketplace. “LA Textile has been an important venue for the West Coast appar

The Federation of Indian Art Silk Weaving Industry (FIASWI) has opposed the move by Union government to allow import of man-made fabrics (MMF) at concessional duty to boost the exports of ready-made garments. In a representation to joint secretary (exports), ministry of textiles, Government of India, FIASWI chairman Arun Jariwala has stated that the proposed move by the government will destabilize the powerloom sector in the country. Recently, the Apparel Export Promotion Council (AEPC) in its

India's Foreign Investment Promotion Board (FIPB) has given its nod to foreign direct investment (FDI) proposals of four single-brand retailers – three from France and one from the US. The proposal of sportswear and sports equipment retail giant Decathlon is for bringing in FDI of about Rs. 7 billion. The French brand is already present in India's wholesale space, and it now plans to enter the retail segment. French womenswear brand Promod’s proposal is for setting up a 51:49 joint venture

Fullbeauty, a revolutionary lingerie website that is part of OSP Group, has rolled out an expanded bra and shapewear collection with new product from its own proprietary brand, Comfort Choice, as well as top national brands. Fullbeauty features plus size bras and lingerie representing the most comprehensive range of styles, sizes, brands, and colors available anywhere in the world (100,000 styles, sizes and colors; band sizes 32-58 and cup sizes A-N). Comfort Choice is a long-standing brand w

The sporting goods website, SportsFanPlayground.com, announced that the store has added a new Nike store to its website. The website previously only carried the Nike line of gymshoes for men and women. The area will feature all apparel produced by Nike including shirts, socks, t-shirts, sweatshirts and other various clothing products. The addition of the Nike section concludes a recent redesign of the website which included extensive additions of the various league sections including the N

New York-based Steven Land has announced an exclusive license with Los Angeles based - Stitched Holdings to manufacture and distribute Steven Land Clothing. The new line of 100% wool suits will be launching at Market Las Vegas on Monday February 18th at the Venetian Hotel at booth # 192. The suit collection will consist of three categories, the Slim Fit with a cigarette pant, the Modern Fit with a tapered stream lined pant, and the Fashion Fit with a fuller more bodied pant. The Steven Land S

Lifestyle apparel company stocks are making a comeback. PVH Corp. expects to report higher annual revenue and EPS. Its stock mimicked the company's growth and looks all set to provide further value to its investors. However, the sector still has to get its previous highs back. Oxford Industries Inc faces sluggish growth prospects. The company plans to focus on its profitable brands to boost its feasibility. Overall industrial trend is encouraging as most of its component firms are looking for