The Confederation of Indian Textile Industry (CITI) has requested the Government to reduce the excise duty on all man-made fibres and filaments, as also their raw materials from the current 12 per cent to 6 per cent. In a pre-Budget ...
Tags: man-made fibres, Apparel, Textile
For the thirteen weeks period ended November 1, 2014, net loss at clothing retailer Aeropostale more than doubled year on year as a result of huge amount of after tax charges. The retailer reported a net loss for the third quarter of 2014 ...
Tags: Clothing Retailer, tax charges, Apparel
$2.8 million of non-recurring charges drove net loss higher from a year ago quarter at speciality apparel retailer, New York & Company, in the third quarter ended November 1, 2014. New York & Company said GAAP net loss for the third ...
Tags: GAAP, Non-Recurring Charges, Apparel
Pacific Sunwear of California, Inc. announced today that net sales from continuing operations for the third quarter of fiscal 2014 ended November 1, 2014, were $212.3 million versus net sales from continuing operations of $202.8 million for ...
Tags: Pacsun, Sporting Goods
Gildan Activewear Inc., which is the largest supplier of branded athletic socks in the United States, reported record fourth quarter adjusted earnings per share of $1.00, up 20.5 percent compared to last year, but projected a loss for the ...
Eloquii, an online plus size women’s apparel retailer said it has raised around $6 million in a Series A round of funding. “With this new support, Eloquii will continue to deliver trend-right styles as well as expand their ...
Tags: Fashion Etailer, Apparel
General Motors is planning to recall around 316,357 SUVs and sedans mainly North American region, due to issues related to low-beam headlights which can stop working. The affected vehicles include 2006-2009 Buick LaCrosse sedans, ...
Tags: General Motors
Driven by wholesale and direct-to-consumer segments sales, revenues at fashion retailer Vince Holding, surged 20 per cent year on year for the third fiscal quarter ended November 1, 2014. Vince said in third quarter of 2014, its net sales ...
Tags: fashion retailer, Vince Holding, Apparel
Since the Rana Plaza building collapse and Tarzeen factory fire, noteworthy progress has been made in overhauling the Bangladesh garment sector, US assistant secretary of state for South and Central Asian Affairs, Nisha Desai Biswal said ...
Tags: building collapse, factory fire, Apparel
If you're a factory operator, you want to know what's happening now, not hours ago. Gebo Cermex' EIT (Efficiency Improvement Tool) gives operators real-time access to key plant data to optimise packaging line efficiency and to increase ...
Tags: factory, key plant data, Packaging
Nordic Capital spun off 30 percent of its holdings in Thule Group AB Nov. 26 for SEK2.2 billion, or about $295 million, in a highly successful initial public offering on Nasdaq Stockholm. Nordic sold 26.1 million shares, or 26.1 percent ...
Tags: IPO Values, Sporting Goods
Russell Breweries, a producer of premium craft beer, releases its financial results for the first quarter of Fiscal 2015, ended 30 September 2014. The company is $25,748 EBITDA positive for Q1 of fiscal 2015 ("Q1 2015F") compared to ...
Tags: craft beer, financial results, Agriculture
Despite posting higher sales in the third fiscal quarter ended November 1, 2014, NASDAQ listed, apparel retailer Citi Trends, booked higher losses, from the year earlier quarter. Citi Trends said its sales for the third quarter of 2014 ...
Tags: Citi Trends, store sales, Apparel
A free trade agreement between South Korea and China could knock down Taiwanese textile exports to China to the tune of US $324 million per annum. According to the Taiwan Textile Federation (TTF), through the FTA, 85 per cent of South ...
Tags: textile exports, free trade, Textile
For its fiscal full-year 2014 (to end-August), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $14.5m, down 19% on $18m in fiscal 2013 (with LED chips falling 12%, LED components 23%, and lighting ...
Tags: Quarterly Revenue, Semileds, Electrical