Retail website operator GSI Commerce Inc posted strong quarterly sales helped by robust product sales and said it would buy online retailer Fanatics Inc in a cash-and-stock deal worth $277 million to strengthen its position in licensed sports merchandise.
Senior executives from all aspects of the supply chain servicing the global apparel industry will be in Hong Kong for Prime Source Forum 2011. The event runs 30 March – 1 April and will be held at the Hong Kong Convention and Exhibition Centre.
Rich colors, refined styles and 1970s minimalism are likely trends at New York Fashion Week, U.S. department store buyers say as they look for clothes to entice wary consumers amid a fragile economic recovery.
In a world of globalization where any successful clothing design is quickly copied and mass marketed, designers like those starring in New York Fashion Week want that little extra wow to make their mark.
U.S. cotton futures rallied Friday to a 150-year peak on trade and speculative buying as very tight supplies were expected to push the market to the unheard of level of $2 a lb by next week, analysts said.