Author: Editorial Team

Global fashion sales to increase in 2018

The annual McKinsey & Company State of Fashion 2018 report shows fashion sales across the world will grow in the coming year, and will be more sustainable than 2017. The figures show an average growth of between 3.5 and 4.5 [per cent (+ 4 or 5 per cent for the luxury segment) for a total sales volume that could reach 2,500 bn dollars (equal to about 2,100 bn euros). The progress should be on average one percentage point higher than the estimates for 2017, while remaining below the forecast of 5.5 per cent over the long term. According to...

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Cambodian guidelines to stop fainting of factory workers

Cambodian Labour Minister Ith Samheng recently issued guidelines to owners of garment and footwear units in the country to prevent workers from fainting in workplace. The 11 guidelines include operating ventilation fans an hour before workers arrive, installing thermostats, and maintaining fire protection systems and adequately trained boiler operators. The factory management has to check the environment surrounding the building, both inside and outside the factory, especially before allowing workers to enter, Samheng as saying. The guidelines mandate factories to turn on fans and open all windows and doors in hot weather so that airflow is not restricted at...

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2018 to be brighter for US retail, apparel sector

As US retail and apparel companies emerge from their worst year since the Great Recession, many will be happy to put 2017 behind as 2018 will be brighter overall, even for department stores, says a new report by Moody’s Investors Service. However, more defaults and rating downgrades are expected in the next few months as the number of distressed firms rises. We expect defaults among speculative-grade retailers to drop sharply to 5 per cent in October from 9 per cent today, but only after peaking at 11 per cent in March,” a Moody’s quoted Vice President Christina Boni as...

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Uzbekistan textile worth over $1 bn exported in 2017

Uzbekistan textile industry exported its products worth $1.1 bn to more than 50 countries in the world 2017 and the share of value-added products exceeded 40 per cent. The growth of export indicators was facilitated by the activity of 64 trading houses which were opened in foreign countries, according to reported quoting statistics from the Association of Textile and Clothing and Textile Industries Enterprises (Uztekstilprom). One of the effective forms of further development of the textile industry will be the creation of clusters. This model implies the organisation of a single production cycle, which includes the cultivation of raw...

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VN garment industry eyes to achieve $34bn export target

Le Tien Truong, General Director of the Vietnam National Garment and Textile Group (Vinatex), speaking at a meeting on reporting Vinatex’s results of production and business in Ha Noi said that to achieve the target of more than 10 per cent growth in 2018, the textile and garment industry must make great efforts to focus further on solutions to increase labour productivity also the local textile and garment industry must be careful with the anti-dumping story. In 2018, Vietnam’s textile and garment industry will face more competition, while other textile exporting countries in the world plan to maintain their...

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