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U.S. apparel retail sales surge % as stores reopen
Companies that have suspended operations due to the COVID-19 pandemic have recently begun to reopen. U.S. clothing retailers’ sales in May nearly tripled compared to the previous m…
Insufficient downstream procurement prevents Pakistani cotton yarn from recovering
Pakistan’s cotton yarn has failed to recover in the past week. The reason is that yarn mill product inventories are high and downstream procurement demand is still insufficient. At…
Indian cotton prices rise, cotton mill profits compressed
According to foreign reports, cotton and cotton yarn prices may fall as India’s domestic stocks rise and good monsoon rains increase production expectations. In the past week…
-Kyrgyzstan’s clothing and footwear production fell by approximately %
According to a report from the Kyrgyzstan Tazabek News website on July 6, data from the Kyrgyzstan Statistical Commission showed that due to the spread of the epidemic, restrictive…
Cambodian garment organization urges branded clothing companies to raise workers’ wages
The Clean Clothes Movement (CCC), the largest union and non-governmental organization alliance in the garment industry, accused brand clothing companies of being the source of low …
Nike pushes digital sales to make up for declining sales in Q3
U.S. sporting goods giant Nike Inc. was hit hard due to store closures and a 38% drop in sales due to the epidemic, resulting in a loss of revenue in the fourth quarter, but the co…
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The United States releases the sixth batch of exclusion lists for taxed products worth US$100 million
On July 7, 2020 local time in the United States, the Office of the United States Trade Representative (USTR) announced the product exclusion announcement for the sixth batch of US$…
Clothing exports stabilize, Pakistan cotton yarn prices rebound
Pakistani cotton yarn prices have rebounded in the past week as apparel exports began to stabilize and demand recovered. That week, foreign clothing buyers began to place orders af…
US clothing brand Brooks Brothers files for bankruptcy protection
Bookers Brothers, a well-known American clothing brand, filed for bankruptcy protection on the 8th, becoming another time-honored American brand that fell during the COVID-19 epide…