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Showing further recovery, garment enterprises in China saw their output, revenue and profit grow in the first two months of the current year. Online retail sales and garment. ....
National Council of Textiles Organisation (NCTO) member Parkdale Mills is playing a key role towards a major US government face mask initiative, being implemented by several. ....
Fibre2Fashion Toggle navigation 12 Pic: Shutterstock Levi Strauss & Co, a US-based apparel company and leader in jeans, has reported 13 per cent sales decline to $1.30 billion in its first quarter (Q1) FY21 ended on February 28, 2021 compared to the sales of $1.50 billion in the same period previous fiscal. The company’s net income for the quarter was $142.5 million (Q1 FY20: $152.7 million).
“We ve started the year strong, beating our internal expectations even as we are lapping a particularly good quarter in the prior year, Chip Bergh, chief executive officer of Levi Strauss & Co, said in a press release. “Our strong results this quarter were driven by faster-than-expected recovery in our business from our relentless focus on the priorities that are driving outsized performance. We continue to lean into our strategies – leading with our brands, investing in direct-to-consumer and diversifying our business � ....
VF Corporation, through its local subsidiary VF Northern Europe, has announced that it has begun operations at its new multimillion pound fulfilment centre in Bardon, Leicestershire,. ....
Fibre2Fashion Toggle navigation 06 The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently joined hands with the Sustainable and Renewable Energy Development Authority (SREDA) to ensure sustainable energy use in the apparel sector. The two signed a memorandum of understanding to go for long-term collaboration for capacity development of BGMEA member factories. SREDA promotes renewable energy and energy efficiency and works for creating an enabling environment for sustainable energy development in the country. The MoU will also ensure easy access to information on rooftop solar project implementation, facilitating garment industries to avail low-cost green finance and joint promotion of industries working towards sustainability. ....