Despite a sharp decline in oil prices, the world economic outlook is subdued, weighed down by underlying weakness elsewhere, says the International Monetary Fund (IMF) in its latest update to the World Economic Outlook (WEO). Compared ...
Tags: oil prices, world economic outlook, Textile
PPG Industries reported fourth quarter 2014 net sales from continuing operations of $3.71 billion, up $207 million, or 6 percent, versus the prior-year figure of $3.5 billion. Net sales in local currencies grew 10 percent year-over-year, ...
Tags: portfolio management, earnings-accretive cash deployment, Construction
China raises the consumption tax on oil products beginning Tuesday. This will be the third increase in as many months, following one on Nov 29 and another on Dec 13. The sharp drop in the price of crude oil since late June has been ...
Tags: consumption tax, oil products
Oil closed up on Wednesday for the first time in five days as traders took stock of the market's rout after crude prices lost nearly 10 percent over two days and benchmark Brent fell to below $50 a barrel. A decline in Brent crude futures ...
Tags: Crude Oil, crude futures
Lululemon Athletica Inc. reported net revenue increased 10 percent to $419.4 million for the third quarter ended Nov. 2, from $379.9 million in the third quarter of fiscal 2013. The retailer, which is fending off growing competition in the ...
US based apparel marketer and NYSE listed, PVH Corp said its earnings per share for the third fiscal quarter ended November 2, 2014 rose in double digits from the prior year quarter. On a non-GAAP basis, PVH which has marquee fashion ...
Tags: Calvin Klein, Apparel
According to foreign media’s report, IDC predicts worldwide smartphone shipments will reach almost 1.3 billion units in 201, up 26.3% on year. And Android Smartphones shipment units will reach 1.06 billion, accounting for 82.3%. By ...
Tags: Smartphone, Apple, Andriod
BackJoy Orthotics, LLC. has received a minority investment from Sandbridge Capital, which recently took a stake in Rossignol. BackJoy is best known for its SitSmart Pro seat accessory that supports the back but has expanded into footwear, ...
Tags: sports bras, sports apparel, Sporting Goods
Continuing strength in China and a resurgent US economy are combining to drive accelerated growth in the worldwide market for semiconductors used in industrial applications in 2014, according to IHS. Global market revenues for industrial ...
Tags: industrial semiconductors, Global market revenues, Lights
US based apparel and footwear marketer –VF Corp’s latest sustainability report marks the public debut of its innovative chemical management program, CHEM-IQ. “CHEM-IQ provides a proactive, cost-effective and scalable ...
Japanese barcode printing, labelling, and EPC/RFID solutions provider SATO plans to establish two new group companies – SATO Global Solutions and SATO International - in line with its global growth expansion strategy. While SATO ...
Tags: SATO Global Solutions, SATO International, Agriculture
The world’s largest economy – the US is the locomotive of global growth for the first time since the great recession and in the process boosting exports around the world, says the Chief Economist at IHF. Nariman Behravesh ...
Tags: domestic demand, oil production
Morito Co., Ltd, a marketer of apparel fasteners said it has acquired Scovill Fasteners, which too is a producer of a diverse range of high-performance fasteners for various apparel and industrial markets. Founded in 1908, Morito is based ...
Under Armour, Inc. reported revenues increased 30 percent in the third quarter to $938 million compared with net revenues of $723 million in the prior year's period. Sales grew 26 percent in apparel, 50 percent in footwear, and 32 percent ...
Tags: Under Armour, Sporting Goods
China’s National Bureau of Statistics said Tuesday the country’s gross domestic product rose 7.3% on the year for three months through September, the slowest growth since the first quarter of 2009. Inflation-adjusted economic ...