Author: Editorial Team

US retail sector jobs fall by 20,200 in December

US retail sector jobs decreased by 20,200 in December 2017 compared to November, said the National Retail Federation (NRF). The number, which excludes automobile dealers, gasoline stations and restaurants, is in contrast to the rise in 20,500 jobs seen in November over October. Overall, the economy added 148,000 jobs in December, the labour department said. Retail numbers were lower than NRF’s expectations but these are seasonally adjusted figures and can be revised, an NRF report quoted Chief Economist Jack Kleinhenz as saying. Kleinhenz noted that retail job numbers reported by the labour department count only employees who work in...

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Nepal begins construction of garment processing zone

The Government of Nepal has initiated the construction of the Rs. 2.5 bn garment processing zone within the Simara Special Economic Zone (SEZ). The project expected to complete by 2018-19, will lower the cost of production while increasing the scope of exports. The production cost in Nepal is considered to be relatively high in the region. The services that will be offered at the processing zone will make the price of Nepali products competitive in the international market. The facility located in Bara District, likely to be spread in more than 300 bighas, will house at least 30 production...

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Pakistan textile exports likely to touch $13 bn this year

Pakistan textile exports have been going up steadily, in the first five month (July to November) of the current fiscal year textile shipment jumped 7.66 percent year-on-year to $5.51 bn driven primarily by a surge in value added textile exports. This positive sign raises expectations that full-year proceeds likely to touch $13 bn after a hiatus of two years. In a review of the industry’s performance in the outgoing year 2017, Pakistan Textile Exporters Association (PTEA) Chairman Shaiq Jawed said that textile shipments had been on an upsurge since the start of 2017-18 in July following a continued fall...

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Birla Cellulose nurturing the future of Ichalkaranji

Birla Cellulose, along with Ichalkarangi Shuttleless Loom Owners’ Association (ISLOA) and Ichalkarangi Shuttleless Fabric Manufacturers’ Association (ISFMA), conducted an interactive customer meet on 21st November at Hotel Sayaji, Kolhapur with spinners, weavers and processors of Ichalkaranji. The meet was aimed at making Ichalkaranji a self-sufficient hub for finished fabrics made from Viscose, Modal and Excel fibres offered by Birla Cellulose. The session was inaugurated by Chimanbhau Dange, Managing Director Deendayal Spinning Mills along with Gorakhnath Sawant, President, ISLOA and Anil Goyal, President -ISFMA. More than 200 representatives from the textile value chain fraternity have attended this customer meet where...

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adidas Originals ‘Fashion Destination Door’ store debuts in India

The pioneering sportswear brand for the streets, adidas Originals has opened its first ever ‘Fashion Destination Door’ format store in Mumbai, India. Located in the heart of one of the city’s most coveted shopping areas on Linking Road, the Fashion Destination Door concept captures the energy of the streets turning it into a cultural epicenter. The inspiration is found in the different iconic neighborhoods of various cities, creating a global connection to a unique network of influence and cultural creativity. Spanning over 1550 sqr. feet, this revamped new format store will house the latest, iconic and most innovative product...

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