Li&Fung will be dropped from Hong Kong’s Han Seng index of leading quoted businesses from March 6, the index compilers announced on February 12.
Consultancy Bain believes Chinese spending on luxury goods, including apparel, will fall 2% in 2014 as “affordable luxury” becomes the new boom category.
H1 profit attributable to shareholders down 22.5% on sales up 1.3%.
Scarcely a single spokesperson for a developing-country garment industry fails to claim their long-term future really lies in exports to China. And not one of them ever shows a shred of evidence they know what they’re talking about.
Garment sales up 8.7% year on year in Jan/Feb
Sri Lanka’s proposed fast-track trade deal with China looks likely to prove excellent news – for the Western buyers Sri Lankan trade garment trade spokespeople want to diversify away from.
That famous inventory mountain is getting smaller, for example, as domestic networks hammered…
Chinese legislation strictly controlling the use of contracted-ouit workers came into effect on July 1
We’ve now got apparel retail sales for October in the world’s five largest apparel markets. All these numbers refer to the value of clothing sales in local currencies.