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.
- The Apparel Export Promotion Council (AEPC) in India aims to increase its market share in countries outside the US and EU from 24 to 35% to help exporters gain a global sustainable market. Brazil, Panama, Israel, Norway, Japan and Australia are among some of the countries Indian apparel manufacturers could venture into. The Council said there is a need to speed up the Free Trade Agreement (FTA) the Indian Government planned with the EU. THE HINDU
- Some 50 textiles spinning mills in Coimbatore, India have teamed up to float the Cotton Sourcing Company (Cosco). The companies intend to buy 18 lakh bales between October and September to cut cotton procurement and transportation costs. The mills, which have a capacity of approximately 20 lakh spindles, said they will be able to pay cotton ginners promptly. Cosco has offices in Gujarat, Maharashtra and Andhra Pradesh. THE TIMES OF INDIA
- Peru's textile and clothing industry has attracted US$1bn worth of investment between from 2007-2012, according to the National Society of Industries (NSI). The sector, which comprises 23,400 companies has adopted "export diversification" to tackle falling demand from the US. Small and medium apparel firms have benefited from this, the NSI said. BERNAMA
- The All India Trade Union Congress (AITUC) and Communist Party of India have protested against foreign direct investment in Indian retail markets and tax holidays for multi-national companies. Protesters demanded minimum wages and pensions for workers. Some activists, who were detailed, were later released. The workers were also urging the government to make the families eligible for life insurance, with educational scholarships for children. THE TIMES OF INDIA
- Some 14 child workers, allegedly trafficking victims, have been rescued from a garment factory in East Delhi following a raid. The children, believed to be between eight and 15 years old, were from Bihar. Over the last six months, the children had been working 15 hours a day in poor conditions without getting paid. THE TIMES OF INDIA
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- Vietnam – Are we too late to the party?
- Central America must make better use of DR-CAFTA
- How M&S plans to revamp its clothing business
- Yarn-forward rules weigh on Vietnam TPP potential
- US Q1 in brief – Guess, Burlington Stores, Sears
- Nike management changes to drive innovation
- Social responsibility key to winning millennials
- H&M commits to DBL Group's new Ethiopia factory
- Gap accused of rights violations in supply chain
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Victoria's Secret Stores, Inc.: Retailing - Company Profile & SWOT Analysis
- Nike Inc in Apparel and Footwear (World)
- Apparel Accessories in Hong Kong, China
- Practical Price Negotiation for Apparel Sourcing Professionals