Global news roundup
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.
- Taiwan's garment makers Makalot Industrial Co, Eclat Textile Co, and Tainan Enterprises Co are looking to expand their presence in Asia and Europe. Makalot will lower the prices of its garments by 5% on average this year, but its orders from Asia are predicted to rise by 8-15%. Tainan Enterprises expects to see a 5% growth in brand garment orders frm clients in Asia this year. CENS.com
- Japan's Aeon Co will begin selling private-label clothing made in Turkey at its general merchandise supermarkets. The company will offer around 50 men's and women's spring items sold under the Topvalu brand, targeted at customers in their 40s and 50s. T-shirts will be available for 1,980 yen (US$24) and jeans for 4,980 yen. NIKKEI
- Underwear maker Schiesser is preparing a stock market flotation by the end of June. The volume and valuation will be decided at a later stage. The company had planned to list in Frankfurt last year but postponed plans due to stock market volatility. Schiesser posted had sales of EUR124m (US$165m) and a net profit of EUR5m in 2010. REUTERS
- The Taiwan Textile Federation and six local textile associations are urging the government to quickly sign a trade and investment framework agreement with the US following the implementation of the free trade agreement between the US and South Korea. The federation said that 20% of Taiwan's year and 60% of its cloth produced are exported to the US, and such exports would be undermined by textile shipments from South Korea.
- South Korean fashion retailer E-Land Group is advancing into the shoes multi-shop market by opening the first flagship store in Shinchon, Seoul on 11 April. E-Land plans to open five stores this year and is expected to compete with ABC Mart, which currently dominates the market. The brand is aimed at customers in their 20s. MAEIL BUSINESS NEWSPAPER
Japanese retail giant Fast Retailing Co has shuttered nearly one-third of its Uniqlo casual clothing stores in China following anti-Japan demonstrations in the wake of a diplomatic dispute between Asi...
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