The Trade Development Authority of Pakistan released figures last week showing textiles and clothing exports rose in value during the first 10 months of the fiscal year by 6.14%, to US$10.75 billion. The rise between earnings during the current fiscal year and 2011/12 therefore shrank compared with the July/March period when the gap had been over 7.0%. Performance in yarn exports seems to have been weaker in many categories during April, but especially in yarn and towelling. Anecdotal evidence i

With most exporters opting against taking forward cover to hedge currencyrelated risks as the rupee had remained within a narrow range for the past several months, the steep fall in the currency would improve profits and order flow for garment makers. "It (rupee depreciation) will benefit exporters. We would become competitive and would be able to get more orders ," says P Nataraj, Managing Director (MD), KPR Mill. "Existing orders will be benefited as they were locked in when the rupee was at

Source: Shutterstock In the past two weeks, Armani and Burberry both announced strong China growth numbers in spite of the country’s luxury slowdown, but their sources of success were not the same. While Armani’s pivot to second- and third-tier cities has been cited as a major driver of its 39 percent profit gains, Burberry’s growth was attributed to demand in major hubs like Hong Kong and Shanghai after the company implemented a more upmarket approach to promotion. Meanwhile, when Louis Vuit

In May 2013, Uniqlo has reported that its same-store sales increased by 10.9 percent year-on-year while sales at its own stores increased by 14.2 percent, while total sales including online sales increased by 14.3 percent. This data refers purely to Uniqlo stores within Japan and does not include any Uniqlo stores outside of Japan or non-Uniqlo businesses. Same-store sales rose year-on-year in May owing to the positive impact of the hotter weather from mid-month and strong sales of garment rang

The international competitiveness of China's textile industry declined due to rising labor costs and administrative controls on cotton prices, Gao Yong, secretary-general of the China National Textile and Apparel Council (­CNTAC), was quoted by Xinhua as saying Tuesday. The export volume of China's textile products accounted for 37.51 percent of the total imports of European countries in the first quarter, 1.04 percentage points lower than a year ago, according to the CNTAC. Source: Glob

More than 1,300 exhibitors from 48 countries will gather in Frankfurt, Germany, next week for the 15th edition of Techtextil, the international trade fair for technical textiles and nonwovens. This figure represents a 10% increase compared to the event in 2011 and the three halls at the fairground are fully booked for the first time. Techtextil caters to the growing global market for technical textiles, which is set to increase by as much as 5% per year, and has set new records in terms of e

Peruvian small and medium enterprises (SMEs), including the clothing sector, would benefit due to the implementation of the free trade agreement (FTA) between Peru and Costa Rica, which came into effect from June 1, 2013, according to Exporters Association (ADEX). At a time when economic crisis is affecting major markets like the US and the EU, the Latin and Central American markets offer exciting opportunities, ADEX president Eduardo Routledge said. Routledge named several Peruvian products

Cotton ruled steady on Monday on restricted selling and normal buying by domestic mills. According to traders, cotton prices may not gain further as demand has come down in some centres. Gujarat Sankar-6 cotton traded at Rs 38,100-38,200 for a candy of 356 kg. V 797 cotton A grade went for Rs 27,300-27,800 a candy. Cotton ready delivery quoted at Rs 4,050-4,130 for a quintal in Punjab, Rs 3,940-3,970 in Haryana and Rs 3,960-3,980 in Rajasthan. Kapas, or raw cotton, traded at Rs 950-1,000 for a

Cotton prices in India may remain firm this week, supported by concerns over lower sowing as farmers may shift to other lucrative crops, while a drop in spot supplies and a pick-up in yarn demand would also help prices. Sowing of cotton has begun in the country and would pick up with the spread of monsoon rains, traders said. "Acreage under cotton may drop by more than 5 percent this season as farmers may shift to other remunerative crops such as soybean and guar," said Vedika Narvekar, a se

Punjab completed 72 percent cotton sowing over the target acreage of 6 million for 2013-14 Kharif season, Director General Punjab Agriculture Extension Services Dr Anjum Ali said. “The modest cotton sowing target would be achieved during next 10-15 days to produce 10 million bales of cotton in order to meet the domestic needs of the commodity as well as export purpose,” he added. Punjab had failed to achieve cotton production target of 11.5 million bales by 2 million bales during 2012-13 cot