European fashion giants post diverse regional performance in Q1 FY24 | Rising imports from China: A growing concern for Indian industries

 

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European fashion giants post diverse regional performance in Q1 FY24 | Rising imports from China: A growing concern for Indian industries

May 09, 2024

View in browser  Weekly Newsletter This Week In News: Friday 10th May 2024 • European fashion giants post diverse regional performance in Q1 FY24 • Rising imports from China: A growing concern for Indian industries • Bangladesh central bank hikes policy rate by 50 bps to 8.5% • US economic growth slows, consumer spending stays strong in Q1: NRF • Jordan extends exemption from customs duties, sea freight charges tax Advertisement Top Stories US cotton exports see notable increase over last week: USDA US Upland cotton net sales increased significantly in 2023-24, reaching 253,700 RB, driven by major orders from China, Pakistan, and Vietnam. Upland sales for 2024-25 also showed strength with 158,900 RB booked,... MS & J...

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Madagascar initiates WTO safeguard investigation on sanitary napkins | South Korean researchers develop graphene-based sensory e-textiles

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View in browser www.technicaltextile.net | Wednesday 1st November 2023 What Happened This Week In Technical Textile Industry Madagascar initiates WTO safeguard investigation on sanitary napkins Madagascar has informed the WTO's Committee on Safeguards that it is launching an investigation... Advertisement South Korean researchers develop graphene-based sensory e-textiles Korean researchers developed graphene-based e-textiles capable of exchanging information via... Germany's Freudenberg launches low-level BPA thermal insulation items Freudenberg Performance Materials Apparel has introduced 2 advanced thermal insulation items, Down... US' MIT researchers develop shape-changing FibeRobo for smart clothing MIT researchers have developed a revolutionary programmable fibre named FibeRobo tha...

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Weekly Newsletter

This Week In News: Friday 16th February 2024 • Are sustainability and personal choice at odds? • MEPs push for stricter measures to tackle textile waste in Europe • Japan's economy slips to 4th largest behind Germany, enters recession • China remains Germany's top trade partner; US close behind • Sri Lanka's garment exports drop 19% to $4,440 mn in 2023

Advertisement Top Stories Bangladesh revises export subsidy rates Finance ministry issues new notification; alters markets, RMG incentives, and effective date. Revised notification restores Australia, India, Japan as 3 per cent incentive markets. The revised circular now includes... EU Council, Parliament reach agreement on reform of fiscal regulations The European Council and the European Parliament have reached a provisional political agreement on the proposed reform of the EU economic governance framework. The aim is to ensure sound and sustainable public... Indian fashion retailers shine in Q3 FY24 with robust growth Indian fashion retailers reported strong Q3 FY24 growth. Shoppers Stop saw a 7 per cent sales increase but lower profitability. Raymond's revenue grew by 11 per cent, with net profit doubling. Reliance Retail's... US' textiles & apparel imports drop 20.5% to $104.9 bn in 2023 In 2023, US textile and apparel imports declined to $104.959 billion from $132.034 billion in 2022. China leads with a 24 per cent market share, followed by Vietnam at 14.59 per cent. Apparel imports fell by 22.05... Read More News

Advertisement Articles How New Regulations Will Accelerate Sustainability and Circularity in the... The convergence of several impactful acts and regulations in the textile industry signals pivotal shift towards... Red Sea Crisis: Global Brands Face Supply Disruption in Textiles and Apparel The Red Sea crisis is causing a ripple effect in global T&A trade. Prolonged disruptions in the supply chain persist as... Ensuring Excellence: Quality Control in Garment Manufacturing Quality control is indispensable in the apparel industry to ensure that all garments adhere to specific standards,... Read More Articles

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