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Gap March sales down 6%
Gap stated net sales of $1.29 billion for the five-week period that ended April 4, 2009 compared with net sales of $1.37 billion for the five-week period that ended April 5, 2008. The company’s compar...
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Turkish textile worker union urges gov't to implement incentives for textile
The textile branch of Turkey's Confederation of Revolutionary Workers’ Union, or DISK, said Tuesday the sector is facing a catastrophic situation and urged the government to implement immediate incent...
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Seardel scorns government support
South African textile and clothing giant Seardel makes no attempt to hide its disdain for the government’s lack of support for the sector. Revealing plans to close parts of its Frame Textile division,...
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Levi Straus results hit by US retail bankruptcy
Levi Strauss & Co said on Tuesday that its quarterly net profit fell by half due to recent bankruptcies by some of the jeans maker's U.S. customers, and weak performance of its Dockers brand.
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Pakistan textile exports decline sharply
Textile exports are not generating enough revenue for millers, causing an alarming decline in exports both in terms of value and quantity since exports peaked in 2006-07. Data collected from different...
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Textile Co. Settles Environmental Violations
U.S. textiles company Invista has agreed to spend up to $500 million to correct environmental violations at facilities in seven states and will also pay a $1.7 million fine, the Justice Department and...
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Wal-Mart CEO doesn't see a quick end to recession
The head of Wal-Mart Stores Inc (WMT.N), the world's biggest retailer, said on Wednesday there remained a "lot of stress" in the economy and he did not anticipate a quick end to the recession.
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Surge in Turkey textile jobless figures
Within the past eight months more than 160,000 people employed by the ready-wear and textile industry have lost their jobs, according to the president of the Istanbul Ready-Wear and Apparel Exporters'...
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Daily Worldwide Cotton Market Report
Last night in New York futures market, May 2009 closed at 48.15 with a loss of 26 points with a volume of 17091 contracts traded, the July 09 closed at 48.98 with a gain of 25 points and the volume tr...
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U.S. Retail Sales Better Than Forecast
US retail sales in March offered a glimmer of hope to a beleaguered sector, with same-store sales posted by many chains exceeding earlier, gloomy expectations.
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Egypt low labour productivity limits QIZ apparel export growth
Egypt's apparel exports to the US the sky's the limit, but weak labour performance is holding the sector back. When the Qualified Industrial Zones (QIZ) protocol agreement was signed at the end of 200...
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Sales of UK organic textiles to ‘triple’ by 2012
The Soil Association has said that the sales value of organic textiles and clothing in the UK could nearly triple to £280 million in 2012 from sales of £100 million last year.
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J.C. Penney March same-store sales decline 7.2 pct
J.C. Penney Co. said Thursday same-store sales slid 7.2 percent in March, which was less than Wall Street expected. Analysts polled by Thomson Reuters forecast a 10.5 percent same-store sales dropoff.
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Duty Free Access to textile and apparel from Pak-Afghan border region to US
Mr. Barrack Obama, President of the United States, had recently declared that the US would provide tariff free access to textile and apparel products manufactured on the Pakistan-Afghanistan border re...
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Egypt Lifts Safe Guard Measures on textile Imports
Egypt's minister of Foreign Trade and Industry, His Excellency Minister Rachid Mohamed Rachid, announced today the approval of allocation of 325 Million Egyptian Pounds (58 Million USD) to be used as...
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Egypt to form Supreme Council for Textile Industries
Egypt's minister of Foreign Trade and Industry, His Excellency Minister Rachid Mohamed Rachid, announced today the formation of the Supreme Council for Textile Industries.
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Dubai set to start cotton trade centre
The Dubai Cotton Centre (DCC) plans to start operations during the third week of April, following a three-month delay due to economic uncertainty, an executive told Reuters. The centre will be a redis...
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Organic Cotton Market Hits $3.2B in 2008
Global retail sales of organic cotton apparel and home textile products reached an estimated $3.2 billion in 2008, according to an industry report. This represents a 63% increase from the $1.9 billion...
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India : An Emerging Power House
President Mubarak’s visit to New Delhi last November, after more than 25 years, was heralded as a milestone in the bilateral relationship between Egypt and India. Speaking at a joint press conference,...
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CHINA: Export tax rebates on textiles to rise again
China will raise the export rebate on textiles and garments by another percentage point to help the industry cope with falling demand and weaker prices.