In 2017, the Italian textile/fashion industry generated an estimated revenue of €54 billion, up 2.4% and above last June’s estimate of +1.8%, driven by exports to China and Russia. However, exports to the US fell 1.7%.
In 2017, North American nonwoven capacity increased to 4.96 million tonnes, an increase of 2.5 percent (122 thousand tonnes) over 2016, according to the North American Nonwovens Supply Report published by INDA.
A day after U.S. retail giant Walmart struck its largest deal with an investment in Indian online marketplace Flipkart, a right-wing Hindu group that fears small traders will suffer staged a protest in New Delhi.
Sears shares jumped 16 percent on Wednesday after the company announced a tyre service partnership with Amazon, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again.
Chinese internet giant Tencent will announce a cultural trade deal with Britain, including fashion, deepening cooperation between the two countries and setting the stage for its own international expansion moves.
EU-based shoppers searched for UK fashion items using smartphones in greater numbers than ever in the first three months of this year. But local UK shoppers were much more focused on beauty, according to new data.
A federal judge in New York on Tuesday ordered Jay-Z to testify on May 15 in an investigation by the U.S. Securities and Exchange Commission involving the sale of the rapper’s Rocawear clothing brand to Iconix Brand.
Nike continues to oust its top-level executives, with reports that the US sportswear behemoth has let go of five more managers, raising the total to eleven, amid its inquiry into sexual assault allegations.