Blog: Bangladesh exports to US bounce back
Leonie Barrie | 9 February 2015
Apparel shipments from Bangladesh to the US bounced back in December, posting their first rise since January last year. Another three of the top-ten US apparel supplier countries also saw strong double-digit growth in the month, including Vietnam, India and Pakistan – while China remains at the top of the table.
A major effort has also been launched to complete the remaining safety inspections of all export-oriented garment factories covered by the National Tripartite Plan of Action for Fire and Structural Safety (NTPA). Private firms TUV-SUD Bangladesh Pvt Ltd and Veritas Engineering & Consultant have been hired to carry out the work.
Transparency among apparel brands and retailers appears to be mixed when it comes to sourcing cotton from Uzbekistan. New research has revealed that while a number of companies have made improvements to address the issue of forced labour within the sector, many are reluctant to disclose the policies they are implementing or detail information about their suppliers.
But as efforts continue to drive responsible business practices in Myanmar’s rapidly growing garment sector, German sportswear giant Adidas last week revealed it had added the country to its global supplier list.
Meanwhile, analysts believe value fashion giant Primark will use its low selling price to help sustain significant growth in 2015, increasing sales through further expansion into continental Europe and the Northeast US. Taking a lower gross margin has helped Primark to gain market share in the UK, where it is now the number one apparel retailer by volume and number three by value.
For an overview of the 'Global market review of swimwear – forecasts to 2019', look no further than the latest research report from just-style. While demand for swimwear in the last five years has been hampered by the financial crises in North America and Europe, this could now be set to change as the global economy picks up.
And finally, monthly results posted by US apparel retailers last week suggest most got off to a good start to the year. Comparable store sales gains were helped by post holiday clearance sales and stronger comparisons with last year, when severe weather hampered results.
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