The International Monetary Fund recommended cutting back on Government subsidies by raising the cost of gas, electricity and fertilizer. The money saved could then be used to fund social safety net activities. In a discussion with Finance Ministry representatives, the visiting IMF team also suggested that more impoverished individuals be included in the schemes and that their […] The post IMF recommends raising power, gas prices appeared first on Apparel Resources ..read more

A delegation from Jiangsu Soho Holdings Group Co. Ltd visited the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to discuss about possible joint ventures and investment prospects in the clothing and textile industry. Led by Zhou Yong, Chairman of Jiangsu Soho Holdings Group Co. Ltd, the delegation included Li Yanzhou, General Manager of Jiangsu Soho […] The post Jiangsu Soho Holdings Group discusses possible trade and investment with BGMEA appeared first on Apparel Resources ..read more

INVIYA® Spandex, established in 2012 by Indorama India and part of the US $ 27 billion Indorama Group, holds a leadership position in the Indian spandex market and is a significant player in the Indian subcontinent. It has a global presence in over 20 countries, including Bangladesh, Sri Lanka, Indonesia, Turkey, Egypt, Latin America and […] The post Thrust on comfort and performance to drive spandex market’ appeared first on Apparel Resources ..read more

To address the water demands of the economic zones being established in the coastal regions, the Bangladesh Economic Zones Authority (BEZA) intends to establish desalination facilities. “The Beza has developed short, medium, and long-term plans for water supply in economic zones, including one to collect water from CETP. We’ve a plan to set up desalination […] The post BEZA intends to establish desalination plants in coastal EZs appeared first on Apparel Resources ..read more

Skechers U.S.A. Inc. recently announced record sales of US $ 2.25 billion, a 12.5 per cent increase, for the first quarter, on the back of double-digit increases in international and D2C sales, respectively. The Los Angeles-based footwear company quarterly sales increased thanks to a 15.2 per cent increase in international sales, and a 7.8 per […] The post Skechers posts another record-breaking quarter on international, D2C sales appeared first on Apparel Resources ..read more

Columbia Sportswear net sales decreased 6 per cent to US $ 770 million in the first quarter, on the back of lower wholesale revenues in the United States and Canada. The Portland, Oregon-based company said the quarterly decline in sales was also driven by retailer cautiousness, a difficult competitive environment, and generally soft consumer demand […] The post Columbia Sportswear sales decline 6 per cent in Q1 appeared first on Apparel Resources ..read more

Fashion and lifestyle chain V2 Retail plans to launch between 35 and 40 new brick-and-mortar outlets in India up from its current total of around 96. The business also plans to add to its inventory to bring its value offering to more shoppers. V2 Retail plans to invest between Rs. 90 crore to Rs. 100 […] The post V2 Retail plans to open up to 40 new stores appeared first on Apparel Resources ..read more

Family-focused apparel retailer R&B has launched its first brick-and-mortar store in Thiruvananthapuram. The large-scale store brings the brand’s value-focused offering to shoppers in the Kerala state capital. “Dubai’s favourite fashion brand now at Lulu Mall Trivandrum,” announced the shopping centre on Facebook. “Experience style, comfort, and quality at Trivandrum’s first-ever R&B store. Visit today and […] The post R&B opens first apparel store in Thiruvananthapuram appeared first on Apparel Resources ..read more

March showed a significant rise over February in the opening and settlement of import Letters of Credit (LCs). A better dollar liquidity situation in the banking sector was the reason given by bankers for this increase. The amount of import LCs that banks opened in March was US $ 6.13 billion, up 17 per cent […] The post Import LC openings, settlements soar in March amid dollar liquidity boost appeared first on Apparel Resources ..read more

As the Bangladesh Economic Zones Authority (BEZA) works to construct 100 economic zones (EZs) to attract foreign direct investment (FDI) in the country by 2030, Bangladesh has extended an invitation to Kuwaiti businesspeople to invest in the EZs. According to a news release, Major General (retd.) Md Ashikuzzaman, the ambassador of Bangladesh to Kuwait, said […] The post Kuwait urged to invest in Bangladesh appeared first on Apparel Resources ..read more