Global news roundup
By just-style.com | 24 June 2011
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
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NICARAGUA: Nike and Adidas expand supplier base
Adidas sportswear supplier Augusta Manufacturing is investing $5m at its factory in Nicaragua to create 500 jobs by the end of this year, and expects to double its workforce in 2012.
ISRAEL: Tefron narrows Q3 loss on surge in seamless sales
Manufacturer Tefron Ltd has narrowed its third quarter loss thanks to soaring sales of its seamless intimate apparel and performance activewear lines.
UK: JD Sports maintains guidance despite downturn
Retailer JD Sports Fashion is maintaining its guidance for the full year despite seeing a recent sales downturn - but the company warned that the Christmas trading period would be crucial to its fortunes.
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