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Pakistan: Value of textile exports plunge during 1HFY09

The value of local textile products fell sharply in the first half of current fiscal year primarily because of economic slowdown in the world particularly in USA and Europe—the top export markets of Pakistan. During July-December 2008-09, the volume of the textile products export ...

USA: Lower Cotton Production And Higher Chinese Investments

According to the latest report from the Germany-based Bremen Cotton Exchange, the January US cotton 2008-09 supply and demand estimates include reduced production, domestic mill use and exports, resulting in ending stocks of 6.9 million bales - slightly below the previous month's ...

US retail sales plummet for 6th month in a row

President-elect Barack Obama has promised to push a sweeping economic stimulus program of around $800 billion through Congress in the next few weeks, but even with that assistance, economists say the country is facing a prolonged period of weakness. Many analysts believe the ...

USA: Buying on Web to avoid sales taxes could end soon

Shopping online can be a way to find bargains while steering clear of crowds — and sales taxes. But those tax breaks are starting to erode. With the U.S. recession pummeling states' budgets, their governments increasingly want to fill the gaps by collecting taxes on Internet ...

Daalarna presented during fashion show in Budapest

Models present creations Daalarna by Hungarian designer Anita Benes during a fashion show in Budapest on January 14, 2009.

Pakistan: Govt to withdraw zero-rating status to textiles, carpets & leather

Mr. Fawad Ijaz Khan Chairman Pakistan Leather Garment Manufacturers & Exporters Association (PLGMEA) has stated that the Federal Board of Revenue (FBR) is considering to withdraw Zero-Rating of Sales Tax granted under the Sales Tax regime to five Exporting Industries. FBR is ...

Germany: Enhance your leather articles with the COOL technology

Leather is very much appreciated by the consumers as fashionable and luxurious that holds high value and durability. Now, what do leather garments, car interiors and sport shoes have in common? If they are made out of dark leather, they heat up strongly in the sun which reduces ...

Milan Fashion Week: Roberto Cavalli Fall/Winter 2009/10 men's collections

Models display a creation as part of the Roberto Cavalli Fall/Winter 2009/10 men's collections during Milan Fashion Week January 18, 2009.

Milan Fashion Week: Dolce&Gabbana Fall/Winter 2009/10 men's collections

Models display creations as part of Dolce&Gabbana Fall/Winter 2009/10 men's collections during Milan Fashion Week January 17, 2009.

UN report: World economy entering into recession

A woman carries a bunch of flowers as she passes a sale sign displayed in the window of a shop on Oxford Street in London, January 15, 2009. Many UK retailers are struggling as consumers rein in spending amid sliding house prices, soaring unemployment and fears of a deep ...

US: OTEXA Plans March Trade Mission To China, Singapore

The US Department of Commerce, International Trade Administration, Office of Textiles and Apparel (OTEXA) is organizing a trade mission to China and Singapore March 18-26, 2009. US companies involved in the manufacture and sale of contract, fabric, furnishings, hospitality, ...

Designer Graca Ottoni's collection at Fashion Rio Show

Models wear creations from Graca Ottoni's 2009 autumn/winter collection during the Fashion Rio Show in Rio de Janeiro Jan. 14, 2009.

USA: Rashti & Rashti expands recall of infant garments due to choking hazard

The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. Name of Product: Taggies Sleep'n Play ...

Canada: The fur isn't flying at Spadina fashion houses

Chris Anthopoulos buzzes guests in from the lobby of Yukon Fur Co. Ltd. on Spadina Avenue, but only after asking for their names. Given the furrier's controversial industry, the measure makes sense, but when the burly 66-year-old emerges from the back room wearing a lab coat - ...

Industry: Green underpants red-hot this season

“If you don’t know what’s in your knickers, should you be wearing them?” asked a short film showing at recently-concluded Paris lingerie show, the globe’s premier underwear event. After foods, cosmetics and street-clothes, the shift to organic has finally hit lingerie—the cutting ...

Korea: Financial crisis influences business environment globally

Hyosung that plays a pivotal role in the economic growth of Korea, owns a reputable position in the international chemical fibre markets, boasting the world's best technology and largest capacity, leading the global market shares. The global economic downturn has affected most of ...

USA:Columbia Sportswear Company faces downward trend in IVQ and Full Year '08 Results

Columbia Sportswear Company a global leader in the active outdoor apparel and footwear industries, announced net sales of $354.9 million for the quarter ended December 31, 2008, a decrease of 6 percent compared to net sales of $376.7 million for the same period of 2007, including ...

New Zealand: Economic Turmoil and Chinese New Year Infects Wool Prices

Wool prices indicated a downward trend at the North and South Island auctions. The New Zealand Wool Services International (NZWSI) points out that inactivity in China due to New Year festivities and the continuing world economic uncertainty are the reasons behind this. The easing ...

UK: Tesco plans own-label online clothing store

Tesco is planning to launch a new online fashion store devoted to selling its own labels, trying to replicate the success of fashion websites such as Asos which have boomed during the downturn. The new Tesco website will offer thousands of items and is expected to be ready for ...

Indonesia: Textile makers ponder new markets as crisis hits

Several textile and garment makers in Bandung have been forced to cut prices and lay off workers as international orders dry up amid a world sweeping financial crisis. Some are looking for new markets outside of Europe and the United States, which have posted reduced orders. Ade ...
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finance

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industry

sports

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