The apparel and textile industry in Vietnam has overtaken crude oil as that country's No. 1 export.
During the first 10 months of this year, Vietnam shipped $7.5 billion in apparel and textiles to primarily the United States and Europe, according to the Vietnamese General Statistics Office.
Vietnam's apparel manufacturing sector has grown rapidly ever since the U.S. government early this year stopped monitoring Vietnamese apparel coming into the United States. The Bush administration feared that Vietnam would dump apparel goods on the U.S. market and started closely watching import prices in 2007 to determine whether anti-dumping duties should be imposed.
The Department of Commerce held six-month reviews of five different apparel products-trousers, shirts, underwear, accessories, swimwear and sweaters-but found no signs of dumping.
Apparel Industry growing in the Vietnam
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jackmorres
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jackmorres
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Apparel sector conduce notably in the poverty elevation
Clothing industry of Fiji is offering a significant contribution in poverty elevation of the country by employing around 4,000 workers and supporting over 8,000 men below poverty line.
It will help the sector to improve its presence and penetration in the markets such as Australia, New Zealand and the US, and to achieve the target of bringing in $150 million revenue per year to well as to employ more than 6,000 people.
The industry also recommends a new scheme to establish sewing plants in a bid to employ women, who are currently on welfare, to make them independent and also to support local people to cross over the poverty level.
It will help the sector to improve its presence and penetration in the markets such as Australia, New Zealand and the US, and to achieve the target of bringing in $150 million revenue per year to well as to employ more than 6,000 people.
The industry also recommends a new scheme to establish sewing plants in a bid to employ women, who are currently on welfare, to make them independent and also to support local people to cross over the poverty level.
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jackmorres
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American Apparel Profit On Year-Earlier Merger Costs
American Apparel Inc. (APP) third-quarter earnings jumped 78% after year-earlier stock compensation related to a 2008 merger depressed margins. Meanwhile, sales continued to remain week for the casual-clothing retailer.
American Apparel reported a profit of $4.2 million, or 5 cents a share, from $2.3 million, or 3 cents a share, a year earlier. A year earlier, the period included merger-related compensation expenses, excluding which earnings were 16 cents a share.
Revenue decreased 2.9% to $150.3 million, as same-store sales dropped 16% on a so currency basis.
Gross margin leapt nine percentage points to 58.1%, and rose only slightly from last year's margin excluding merger expenses of 57.6%.
American Apparel reported a profit of $4.2 million, or 5 cents a share, from $2.3 million, or 3 cents a share, a year earlier. A year earlier, the period included merger-related compensation expenses, excluding which earnings were 16 cents a share.
Revenue decreased 2.9% to $150.3 million, as same-store sales dropped 16% on a so currency basis.
Gross margin leapt nine percentage points to 58.1%, and rose only slightly from last year's margin excluding merger expenses of 57.6%.
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jackmorres
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Indian PM open to greater climate action
Singh was speaking on the eve of a summit with US President Barack Obama, whose administration indicated hours earlier it would propose a target for carbon emission cuts ahead of next month's high-stakes Copenhagen summit.
China and other growing developing out have been pressing for Western nations to offer technology and other support to help them reduce the intensity of emissions blamed for global warming.
But the emerging economies have resisted legally binding requirements, saying it is not they, but wealthy nations which bear responsibility for carbon emissions.
China and other growing developing out have been pressing for Western nations to offer technology and other support to help them reduce the intensity of emissions blamed for global warming.
But the emerging economies have resisted legally binding requirements, saying it is not they, but wealthy nations which bear responsibility for carbon emissions.
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jackmorres
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Apparel buyers should look beyond price
But better sourcing is not simply about buying at a lower price, according to Sue Butler, senior manager at Kurt Salmon Associates (KSA), the global consultancy specialising in retail and consumer goods.
Speaking at a seminar in London last week on 'Global Sourcing Skills and Supply Chains,' Butler said: "Quite often sourcing just looks at how we get products at the lowest price possible, but a sourcing strategy looks at how you get product at the right price and quality and in a balanced way.
By developing the right sourcing strategy it is possible to maintain margins and not get drawn into an increased level of markdown towards the end of the season.
Butler also points out that shoppers also have higher expectations too, not only for newness but in the use of technology such as the internet to make price comparisons.
Speaking at a seminar in London last week on 'Global Sourcing Skills and Supply Chains,' Butler said: "Quite often sourcing just looks at how we get products at the lowest price possible, but a sourcing strategy looks at how you get product at the right price and quality and in a balanced way.
By developing the right sourcing strategy it is possible to maintain margins and not get drawn into an increased level of markdown towards the end of the season.
Butler also points out that shoppers also have higher expectations too, not only for newness but in the use of technology such as the internet to make price comparisons.