SRI LANKA: Trade unions lobby for GSP+ extension (MEM)

Trade unions in Sri Lanka are supporting an extension to the country’s GSP+ trade scheme and urging government commitment to labour and human rights issues.

US: Nordstrom downgrades forecast as Q1 profit dips (MEM)

Retailer Nordstrom has downgraded its full-year earnings forecast after first quarter profit fell 24.2% to US$119m.

US: Kohl’s conservative after Q1 profit falls (MEM)

Department store retailer Kohl’s Corporation is taking a conservative approach after first quarter profit fell to US$153m from $209m in 2007.

• US: JCPenney sees income fall 49.6% in Q1 (MEM)
  JC Penney Company has reported that net income for the first quarter decreased 49.6% to US$120m, impacted by a weakened consumer spending environment.
• EU: IT training initiative praised by commission (REG)
  The European Commission has hailed as a model a Portuguese scheme that retrained 1,700 unemployed workers in computer, Internet and telecommunications skills after losing jobs from the country’s textile and clothing sector.
• US: Tandy Q3 losses widen as restructuring continues (REG)
  Tandy Brands Accessories recorded an increased net loss of US$2.2m in the third quarter, as the company’s strategic transformation continued.
• US: Maidenform names general manager new license business
  Maidenform Brands has announced that Robert Gardner has been named general manager of its new Donna Karan and DKNY women's intimate apparel license.
• UK: Sainsbury’s to sell clothing online (MEM)
  The UK’s third largest supermarket group, J Sainsbury Plc, has posted a whopping 28.4% jump in annual profits and unveiled plans to sell its clothing and other non-food items online next year.
• In the money: Competition rife in sportswear (MEM)
  The choice between fight and flight is taking on a new meaning in the sporting goods sector. Brands are soaring by exploiting new opportunities in emerging markets, while a subsequent fight for remaining market share is taking shape closer to home, as Joe Ayling reports.
• US: Macy’s firm on FY outlook despite $59m Q1 loss (MEM)
  Iconic retail group Macy’s reaffirmed its full-year guidance despite posting a US$59m loss in the first quarter, fuelled by exceptional items.

more articles >>

• Apparel
• Fibres & Fabrics
• Finance
• Footwear
• Manufacturing
• Retail
• Technology
• Trade

view latest sector news >>

• UK: Sock Shop assets sold to Ruia Group
• JAPAN: Kuchofuku expands air-con clothing range
• HONG KONG: Li & Fung boss predicts BRIC retail expansion
• Total forum discussions: 505 (view all)

Wal-Mart worries
15th May 2008 11:23

Wal-Mart seems to be in its element right now, luring budget-conscious consumers with its promise of low price value. First quarter profit rose 6.9% to $3.02bn, with sales up 10.3% to $95.3bn, as s...

read more >>

• Latest announcement: attune Introduces Solution for the Apparel and Footwear Industry in Support of SAP® Solutions at SAPPHIRE® 2008 Orlando
• Total announcements: 90 (view all)
• Add your announcement here

• Retailing in Italy 2008 PLUS Retailing in France 2008 PLUS Retailing in Germany 2008
  Save 15% with this report package! Available until 31 May 2008.
  Published Apr 2008 - (£ 4200.00)
• Premium Company Profile: H & M Hennes & Mauritz AB
  Published Apr 2008 - (£ 247.50)
• Global market review of lingerie and intimate apparel – forecasts to 2014 (2008 edition) PLUS Global market review of swimwear and beachwear - forecasts to 2013 (2007 edition) (download)
  Special value report package - save 25%!
  Published Jan 2008 - (£ 892.50)
• Performance Apparel Markets - annual subscription
  10% discount in May!
  Published Apr 2005 - (£ 499.50)
• Jeans - US
  Published Mar 2008 - (£ 1995.00)

more research >>

Impact of regional trade deals on clothing and textile sector – a global assessment

With the World Trade Organization's Doha Development Round being slow to proceed since its 2001 launch, free traders wanting to encourage global commerce have looked to bilateral and regional trade deals - the US being particularly keen to secure agreements with key trading partners. So just how have these deals impacted on the clothing and textile sector around the world? This briefing looks to find out. We focus on each of the key regions of the globe - The US, Latin America, The European Union, Russia, South Korea, The Middle East, South Africa and Japan, ASEAN and China.

download here >>

• Latest job: AGENT FOR KNITTED FABRIC
• Total jobs available: 26 (view all)
• Recruiters: Add your jobs online here for Free

• Techtextil Russia
• Barcelona Bridal Week
• Noviaespaña-Barcelona Bridal Week