Following hike in losses in third-quarter of 2014, Finnish fashion retailer – Stockmann said, it will downsize operations of Seppälä brand significantly in Finland and Estonia and close down operations in Latvia and ...
Despite the lower-than-expected numbers, exhibitors indicated positive experiences at the recently concluded the Industrial Fabrics Association International (IFAI) trade event - Specialty Fabrics Expo 2014 and Advanced Textiles Exp. "I ...
Tags: Ifai Expo, Low Visitor Numbers, Apparel
Following on the 2012/2013 investment program and the resulting enhancement of its global presence, Rieter is setting new priorities in the implementation of its strategy, among which includes growing faster than the market. Rieter said ...
Stockmann, a Finnish listed company engaged in the retail trade, has appointed Per Thelin, as the new Chief Executive Officer (CEO), effective from the 10th of November, 2014. Per Thelin, a B.Sc. Economics Graduate and a Swedish citizen, ...
Tags: Stockmann, Chief Executive Officer, Textile
The Antigua Group, Inc. a leading designer and marketer of lifestyle apparel and sportswear, has selected NGC Software’s extended fashion Product Lifecycle Management (PLM) solution and Supply Chain Management (SCM) system. The ...
Tags: sportswear, SCM solution, Textile
For the third fiscal quarter of 2014, gross margin at apparel retailer JC Penney expanded 710 bps over the same quarter of the previous fiscal year. In the third quarter ending November 1, 2014, gross margin stood at 36.6 per cent of ...
Tags: apparel retailer, gross margin, Apparel
Driven by sales from Vinnolit, which it acquired in July 2014 and higher sales prices, revenue at Westlake Chemical surged 24.8% year-on-year in the third quarter ending September 30, 2014. Third-quarter of 2014 turnover climbed to ...
Tags: Westlake Chemical, Vinnolit, Textile
Germany based apparel marketer, Tom Tailor Group posted a smart turnaround in its net income, which slipped into black for the first time in two years, in the first nine months of 2014. For the first time in two years, Tom Tailor Group ...
Tags: apparel marketer, retail sale, Apparel
“The one biggest area within the cotton industry which holds the potential for improvement and efficiency is logistics,” said three speakers at the ICAC Plenary Meeting held in Greece. That was the takeaway message delivered ...
Tags: cotton industry, Costs of logistics, Textile
Pan-African agricultural company Agriterra said its performance is demonstrating a trend towards profitability. For the year to the end of May, pre-tax losses totalled $5.6m, down from a re-presented $6.5m last time. Revenues fell to ...
Tags: Mozambique, beef, agricultural
The corn and soybean crops in the U.S. are massive. Monday's USDA Crop Production report shows the soybean crop continues to skyrocket in size, but the corn crop's slightly smaller than earlier estimates. Now, speculation's rising that ...
Tags: Corn, Soybean, Agriculture
New research has highlighted a growing gap between consumers’ expectations and retailers’ capabilities when it comes to delivering great shopping, resulting in consumers preferring to shop with retailers that are ...
China New Borun Corporation has announced its unaudited financial results for the third quarter of 2014. Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, "We're pleased that this third quarter ...
Tags: China New Borun Corporation, financial results, Agriculture
Treasury Wine Estates is planning to halt operations at its Ryecroft winery in the McLaren Vale wine region in South Australia. The move is in line with the company's strategy to curb costs and to ramp up investment in other prominent ...
Tags: wineries, Ryecroft winery, Agriculture
Lassonde Industries posted sales of $315m in the third quarter of 2014, a 22.3% increase year over year. Profit attributable to the Company's shareholders for this period totalled $10.6m, down $0.6m from the third quarter of 2013. "Our ...
Tags: Financial results, Apple&Eve, Agriculture