Increasing revenue and shrinking profits for Chinese garments

Related Keywords: apparel, China, clothing, enterprises, export, garment, MIIT, retail, Sales, technology

China
Increasing revenue and shrinking profits for Chinese garments
Summary: 
China's garment industry saw revenue expansion and dropping profits in the first seven months of the year, according to the Ministry of Industry and Information Technology (MIIT). In the January-July period, the combined operating revenue of major garment enterprises each

China's garment industry saw revenue expansion and dropping profits in the first seven months of the year, according to the Ministry of Industry and Information Technology (MIIT).

In the January-July period, the combined operating revenue of major garment enterprises each with an annual operating revenue of 20 million yuan (about 2.8 million U.S. dollars) rose 2.15 percent year on year to 896.2 billion yuan, MIIT data showed.

However, profits of those enterprises shrank 3.48 percent to 46.1 billion yuan compared with a year ago during the period, said the MIIT.

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Hush's sales up by 35 percent

Related Keywords: cloathing, fashion, Garments, Hush, Missguided, oversupply, PrettyLittleThing, Sales, sustainability, technology, UK, US, women

United Kingdom
Hush's sales up by 35 percent
Summary: 
PrettyLittleThing and Missguided have hit the big time selling £5 dresses and £1 bikinis to the youth market but another online British brand, Hush, is expanding rapidly in a backlash against fast fashion. Sales at London-based Hush, which is run by a husband and wife team, jumped 35% last year to more than £40m as its jumpsuits and dresses found an audience among

PrettyLittleThing and Missguided have hit the big time selling £5 dresses and £1 bikinis to the youth market but another online British brand, Hush, is expanding rapidly in a backlash against fast fashion.

Sales at London-based Hush, which is run by a husband and wife team, jumped 35% last year to more than £40m as its jumpsuits and dresses found an audience among women aged 35 to 45 who, it says, “like fashion but are not a slave to it”.

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Apparel is going out of fashion

Related Keywords: activewear, apparel, Ascena, fashion, global, Madewell, retail, Sales

United States
Apparel is going out of fashion
Summary: 
Considering the number of apparel retailers on the ground and online, it would appear to be a winning category. But broad sales trends are not in the sector's favor. Several apparel retailers are struggling. Ascena is regrouping as sales plummet, unloading its discount banners entirely. L Brands is propped up by its personal care brand Bath & Body Works as Victoria's Secret

Considering the number of apparel retailers on the ground and online, it would appear to be a winning category. But broad sales trends are not in the sector's favor.

Several apparel retailers are struggling. Ascena is regrouping as sales plummet, unloading its discount banners entirely. L Brands is propped up by its personal care brand Bath & Body Works as Victoria's Secret loses share. J. Crew is in disarray, hobbled by debt and putting its hopes into its much smaller Madewell brand.

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UAE apparel sales crosses the $12 billion in 2018

Related Keywords: 12 billion, 2018, apparel, brand, Dubai, Dubai Chamber, Sales, womenswear

United Arab Emirates
UAE apparel sales crosses the $12 billion in 2018
Summary: 
The value of apparel sales in the UAE amounted to $12.3 billion in 2018, registering an annual growth rate of about 4.8%, while the sector is expected to see stronger performance over the 2019-2023 period, new analysis released by Dubai Chamber of Commerce and Industry has revealed. The analysis, based on recent data from Euromonitor International, described the apparel market as a major segment

The value of apparel sales in the UAE amounted to $12.3 billion in 2018, registering an annual growth rate of about 4.8%, while the sector is expected to see stronger performance over the 2019-2023 period, new analysis released by Dubai Chamber of Commerce and Industry has revealed.

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Gucci's growth slows down in H1 of 2019

Related Keywords: brand, first half, growth, Gucci, Kering, luxury, margin, revenue, Sales, sustainable profitability

United States
Gucci's growth slows down
Summary: 
French luxury goods group booked strong double-digit sales growth in the first half of 2019 and a record operating margin of 29.5% – but investors have instead focused on a slowdown in sales growth at its key Gucci brand. Total revenue generated by Kering's brands in the six-month period amounted to EUR7.34bn (US$8.2bn), up 18.6% as reported and 15.2% on a comparable basis. Growth was fuelled evenly by sales from directly operated

French luxury goods group booked strong double-digit sales growth in the first half of 2019 and a record operating margin of 29.5% – but investors have instead focused on a slowdown in sales growth at its key Gucci brand.

Total revenue generated by Kering's brands in the six-month period amounted to EUR7.34bn (US$8.2bn), up 18.6% as reported and 15.2% on a comparable basis.

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Online shopping to account 53% of retail sales by 2028

Related Keywords: 53 percent, artificial intelligence, Ecommerce, Generation Z, online, research, retail, Sales, technology, United Kingdom

United Kingdom
Online shopping to account 53% of retail sales by 2028
Summary: 
Ecommerce in the United Kingdom will account for 53 percent of the country’s total retail sales by 2028. Factors powering this online growth are the fact Generation Z and Millennials will be half of the adult population in ten years, faster, cheaper and in-home delivery and fewer physical stores. Currently, ecommerce in the United Kingdom accounts for 19.2 percent

Ecommerce in the United Kingdom will account for 53 percent of the country’s total retail sales by 2028. Factors powering this online growth are the fact Generation Z and Millennials will be half of the adult population in ten years, faster, cheaper and in-home delivery and fewer physical stores.

Currently, ecommerce in the United Kingdom accounts for 19.2 percent of total retail sales. It’s expected to grow to 33.8 percent by 2024 and even to 53 percent by 2028.
‘Online drives majority of retail within next 10 years’

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China's domestic garment sales increases

Related Keywords: China, domestic, Garments, profits, revenue, Sales, yuan

China
China's domestic garment sales increases
Summary: 
China's garment industry saw an increase in domestic sales in the first five months this year despite slower expansion in the industry. From January to May, retail sales of garment enterprises above a designated size amounted to 397.4 billion yuan (about 57.71 billion U.S. dollars), up 2.3 percent year on year, according to the Ministry of Industry

China's garment industry saw an increase in domestic sales in the first five months this year despite slower expansion in the industry.

From January to May, retail sales of garment enterprises above a designated size amounted to 397.4 billion yuan (about 57.71 billion U.S. dollars), up 2.3 percent year on year, according to the Ministry of Industry and Information Technology (MIIT).

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Cotton prices become steady

Related Keywords: association, bales, cotton, crop, export, import, Pakistan, POMA, prices, Sales, seed

Pakistan
Cotton prices become steady
Summary: 
Cotton prices were stable on the market on Saturday amidst modest trading. The Karachi Cotton Association kept its spot rate unchanged at Rs8,200. Cotton experts said a steady trend prevailed in the market as the cotton arrival which is improving with each passing day. They said the quality of cotton from Sindh is attractive for mill owners. Phutti (seed cotton) from Sindh is priced higher by Rs100 and ranged Rs3,600-4,225 while Punjab variety is pegged

Cotton prices were stable on the market on Saturday amidst modest trading. The Karachi Cotton Association kept its spot rate unchanged at Rs8,200.

Cotton experts said a steady trend prevailed in the market as the cotton arrival which is improving with each passing day.

They said the quality of cotton from Sindh is attractive for mill owners. Phutti (seed cotton) from Sindh is priced higher by Rs100 and ranged Rs3,600-4,225 while Punjab variety is pegged at Rs3,550-4,150.

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Costco sells $7 billion of apparel each year

Related Keywords: apparel, brand, clothing, Costco, jeans, retail, Sales, shirts, Textiles

United States
Costco sells $7 billion of apparel each year
Summary: 
Kelly Davis has started doing something she once considered unthinkable: buying clothes at Costco. The 31-year-old had long resisted the warehouse chain’s clothing aisle; it just felt weird buying dresses and shirts at the same place she bought groceries. Plus, she said, “It’s where my mom shops." But eventually, a pair of Jessica Simpson jeans — light blue

Kelly Davis has started doing something she once considered unthinkable: buying clothes at Costco.

The 31-year-old had long resisted the warehouse chain’s clothing aisle; it just felt weird buying dresses and shirts at the same place she bought groceries. Plus, she said, “It’s where my mom shops."

But eventually, a pair of Jessica Simpson jeans — light blue, distressed, with holes — for only $13 did her in.

“Costco has really stepped up its game,” said Davis, who lives near Dallas. “The clothes are actually stylish. It’s not just old mom stuff anymore.”

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INDA welcomes seven new members to board of directors

Related Keywords: and business development within the nonwovens industry, bicomponent fibers, chemical and fibers industries, First Quality Nonwovens in the medical and wipes merchant market, greater field of textiles and nonwovens, hygiene and medical business area for this global manufacturer, INDA, innovative science-based polymer process approaches and process issues to the nonwovens industry, nonwovens and engineered materials industry, overall technical and innovation of nonwovens from supply partners through consumers, product engineering, pulp and paper industry, Sales, the Association of the Nonwoven Fabrics Industry

North Carolina
Summary: 
INDA, the Association of the Nonwoven Fabrics Industry, announces the election by membership of seven industry leaders to serve on its board of directors for a three-year term. These accomplished professionals represent a cross-section of INDA membership and bring a high level of expertise and perspective to the management of the association: Lewis Barnhardt, president and COO of Barnhardt Manufacturing Co. Barnhardt has more than 30 years of experience in commercial and operational roles within this privately held, family owned company. He oversees the operations and the distribution of Barnhardt’s products on six continents.

INDA, the Association of the Nonwoven Fabrics Industry, announces the election by membership of seven industry leaders to serve on its board of directors for a three-year term. These accomplished professionals represent a cross-section of INDA membership and bring a high level of expertise and perspective to the management of the association: Lewis Barnhardt, president and COO of Barnhardt Manufacturing Co. Barnhardt has more than 30 years of experience in commercial and operational roles within this privately held, family owned company.

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