In a three-year period, the small island nation of Mauritius was the highest foreign direct investor in the Indian textile and apparel sector, accounting for a little less than 50 percent of the FDI inflows into the Indian textile sector. ...
On its outlook for the third quarter of 2014, CRAiLAR Technologies Inc. said that although capacity will be constrained by a customary three-week shutdown and equipment installation during the third quarter, it expects third quarter 2014 ...
Despite net sales tumbling more than 43 percent, US-based Hampshire Group, a provider of fashion apparel managed to hike its gross profit margin by 100 basis points in the second quarter of 2014. Net sales at Hampshire Group plunged to ...
Tags: Hampshire, Apparel&Accessories
Earnings improved at department store chain Kohl’s in fiscal second-quarter ending August 2, as lower expenses hid a marginal decline in revenue. In the second fiscal quarter of 2014, Kohl’s reported a profit of $232 million, ...
Tags: Earnings, Apparel, Accessories
A transformation plan initiated in 2012, has not helped Li Ning Company Limited wipe out losses from its balance sheet, instead losses multiplied in the results announced for the first six months of 2014. Loss at Li Ning, one of the ...
Tags: Loss, Apparel, Accessories
In the fiscal second quarter ending August 2, 2014, apparel retailer JC Penney said it reported a third consecutive quarter of growth, while gross margin improved 640 basis points from same quarter last year and 290 basis points ...
Tags: JC Penney, Apparel, Accessories
Crocs, Inc. hit reverse Tuesday, saying it will trim its product line, close stores, cut back on direct investment overseas and focus on efficiency. The latest restructuring plan coincided with release of the company’s financial ...
Tags: Crocs, Stores, Sporting Goods
Samsung Group is said to be carrying out a sweeping “management assessment” on underperforming affiliates in the electronics sector in the wake of the second-quarter earnings shock of its cash cow Samsung Electronics. The ...
Tags: Samsung, Electrical, Electronics
Delta Apparel, Inc. reported earnings fell 45 percent in the third quarter ended June 28, to $2.2 million, or 27 cents per share, from $4.0 million or 48 cents, a year ago. Revenues were down 7.6 percent to $123.5 million from $133.6 ...
Tags: Delta Apparel, Earnings, Sporting Goods
Beijing-based clean-energy power generating firm Hanergy Holding Group Ltd (parent of thin-film photovoltaic module maker Hanergy Solar) has completed the acquisition of Alta Devices of Santa Clara, CA, USA. Founded in 2007, Alta is a ...
Tags: Alta Devices, PV, Hanergy, Electronics
People over 50, rejoice! The FDA has approved a non-invasive test for colorectal cancer, and it may not take years to obtain. Mayo Clinic gastroenterologist David Ahlquist co-invented the test, Cologuard, which detects the presence of ...
The US Department of Commerce (DOC) announced Wednesday the final results of its administrative review of the antidumping (AD) order on stainless steel bar from Brazil. The review covered one company — Villares Metals S.A. — ...
Tags: DOC, Stainless Bar, Mineral
Net earnings from continuing operations in the second quarter ending June 29, 2014, soared at NYSE listed Checkpoint Systems to $0.23 per diluted share versus $0.02 per diluted share in the same period of last year. This was due to ...
Tags: Net Earnings, Checkpoint, Textile
Finland based retail chain Stockmann plc which operates fashion brand Lindex, posted consolidated revenue of EUR 495.3 million, down 8.9 percent and also down 5.1 percent at comparable exchange rates in the second quarter of 2014 from EUR ...
Tags: Stockmann, Apparel, Accessories
NGC announced that Lucky Zone Design, a private label apparel manufacturer based in New York, is implementing NGC’s ERP XPress platform. NGC ERP XPress provides the robust features of NGC’s enterprise ERP application in a ...