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Vietnam’s textile and garment industry has high hopes for the Vietnam-UK Free Trade Agreement
“Vietnam Electronic News” reported on December 31 that negotiations on the “Vietnam-UK Free Trade Agreement” (UKVFTA) have just concluded and are expected to take effect in 2021. Vietnam…
China buys cotton yarn from Turkmenistan
The Turkmenistan State News Agency reported on December 26 that in the week of December 21-26, 68 contracts were registered at the Turkmenistan State Commodity Raw Materials Exchange. In terms of foreign exchan…
Value statistics of the world’s top ten clothing brands
Statistical data shows that as of 2020, among the world’s leading clothing brand value rankings, ZARA is the second most valuable clothing brand in the world, with a brand value of approximately US$21.3 b…
H&M is paying the price for being a digital laggard
4th quarter net sales of SEK 52.5 billion (630 million), a decrease of 14.9% from SEK 61.7 billion in the same period in 2019. Net sales in the fourth quarter fell 10% in local currency terms. Net sales for the…
Inditex confident, showing strong recovery in Q4
Inditex Group said that 5% of its physical stores will close in the third quarter. Inditex Group, owner of Zara and Bershka brands, pointed out that operations and revenue rebounded strongly to 866 million euro…
U.S. recalls baby onesies made in China
On December 30, 2020, the U.S. Consumer Safety Commission (CPSC) announced a recall of baby onesies made in China. The recalled products are a variety of baby onesies from CloudIsland. The product number is pri…
India makes final affirmative anti-dumping ruling on Chinese viscose staple yarn
On December 30, 2020, the Ministry of Commerce and Industry of India issued an announcement stating that it would affirm anti-dumping on viscose spun yarn (Viscose Spun Yarn) originating in or imported from Chi…
The Netherlands assists Myanmar in exporting traditional textile specialty products to Europe
The Myanmar Times reports that Myanmar is about to sign an agreement with the Netherlands to export local traditional textile specialty products to the European market. Khun Aye Naing, director of the Bureau of…
Asics becomes the first company to sign the environmental protection convention FashionPact
The well-known sports brand Asics recently announced that it has become the first Japanese company to sign the environmental protection pact “Fashion Pact”, which was signed by French President Emma…
Morocco launches anti-dumping investigation into Chinese woven carpets and other textile floor coverings
On December 31, 2020, Morocco launched an anti-dumping investigation into woven carpets and other textile floor coverings imported from China, Egypt, and Jordan. The products under investigation are: woven carp…