Textile

Don't Miss:

26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia25/07/2022

Textile firms are bracing for a profit plunge in the second half of this year, with the number of new orders slowing down since the middle of the second quarter. Most garment and textile enterprises have received orders for production until the third quarter or October, according to the Ministry of Industry and Trade. However, […]

CONTINUE READING

Retail Asia21/12/2021

Vietnam’s garment and textile exports next year is set to remain the same as this year even in the worst-case scenario where the Covid-19 pandemic prolongs, an association forecasts. Vietnam Textile and Apparel Association (VITAS) anticipates export would reach $39 billion next year, the same as this year, if pandemic impacts are major and linger […]

CONTINUE READING

Retail Asia06/10/2021

Garment and textile firms face labor shortages and broken supply chains, and find it hard to fulfill their export orders, the Vietnam Textile & Apparel Association has said. The fourth and most intense wave of Covid-19, which caused many textile companies to close down or operate at partial capacity between July and September, remains a […]

CONTINUE READING

Retail Asia16/09/2021

Major garment company Thanh Cong has reported its first monthly loss this year in August as housing workers at its plants as a precaution against Covid-19 spread increased costs. The company, formally known as Thanh Cong Textile Garment Investment, also saw revenues plummet by 26 percent year-on-year to $10 million, and, together with the ballooning […]

CONTINUE READING

Retail Asia21/06/2021

The textiles and garment sector is likely to be impacted by the Covid-19 situation getting more complicated across Vietnam. Industry insiders say the pandemic situation in HCMC, in particular, will drag the sector down in the remaining months of the year. The pandemic has already penetrated some industrial parks in HCMC, so if the staff […]

CONTINUE READING

Retail Asia16/02/2021

Textile company Gilimex said its net profits almost doubled in 2020 thanks to a number of high-value contracts with international retailers. It reported record revenues of VND3.45 trillion ($150 million), up 36 percent from 2019, and net profits of VND308 billion for the year. Gilimex’s main products are handbags and backpacks. It tied up with […]

CONTINUE READING

Retail Asia06/11/2020

With Vietnam not producing enough or competitively priced raw materials for the textile industry, its companies are struggling to fully benefit from the EVFTA. The lack of fabric production in the country means businesses are unable to meet origin requirements to enjoy tax incentives, SSI Securities Corporation said. To do so, they need to use […]

CONTINUE READING

Retail Asia15/10/2020

Fast fashion chain H&M wants to turn discarded clothes into something new to wear again — within five hours. The Sweden-based retailer is about to start giving consumers at its Stockholm store the option to turn in used garments that it will then transform into one of three different clothing items. Once the program begins Monday, […]

CONTINUE READING

Retail Asia08/09/2020

The textile and garment industry continues to be hurt by the Covid-19 pandemic with only weekly orders coming in due to uncertain demand. Shipments of textile and garment, Vietnam’s third-largest export earner, fell 11.6 percent year-on-year in the first eight months to $19.6 billion because of the pandemic, the Ministry of Industry and Trade said […]

CONTINUE READING

Retail Asia11/02/2020

Textiles businesses, including several with no prior experience, have begun producing antibacterial masks after authorities announced a daily need of 10 million. At the beginning of last week, Toan, an employee of the Dong Xuan Knitting Company in the northern province of Hung Yen, was transferred to an antibacterial cloth production line. His company had […]

CONTINUE READING

Retail Asia18/12/2019

Vietnamese textile manufacturers are seeing orders decline with buyers moving to others, cheaper developing countries. Normally, by the end of a year they would have enough orders for the whole of the following year, Nguyen Van Thoi, chairman of TNG Investment and Trading JSC, which makes garments, said. But this year many businesses have said […]

CONTINUE READING

Retail Asia17/12/2019

Vietnamese textile manufacturers are seeing orders decline with buyers moving to others, cheaper developing countries. Normally, by the end of a year they would have enough orders for the whole of the following year, Nguyen Van Thoi, chairman of TNG Investment and Trading JSC, which makes garments, said. But this year many businesses have said they […]

CONTINUE READING

Retail Asia30/10/2019

The textile industry, Vietnam’s key exporter, faces hurdles to further development since it is stuck in the low-value segment of the supply chain. Nguyen Thi Xuan Thuy, director of the Ministry of Industry and Trade’s Centre for Supporting Industrial Development, said at a recent forum that Vietnam’s textile industry is still dependent on import of […]

CONTINUE READING

Retail Asia04/02/2019

Chinese textile and retail investment company Shandong Ruyi has bought the US-based Lycra business for an undisclosed sum. Shandong Ruyi, whose retail investments include Aquascutum and SMCP (Sandro, Maje, and Claudie Pierlot), will take over the world-famous lycra brand, all assets and contracts relating to Lycra from current owner Invista and rename the business The […]

CONTINUE READING

Retail Asia28/12/2018

The manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period, the RBI said on Wednesday. Demand condition in the manufacturing sector “maintained its pace in the September quarter 2018-19 as reflected in strong sales growth (year-on-year)”, as per the RBI analysis of […]

CONTINUE READING

Retail Asia21/12/2018

Indonesia is set to become one of the top five textile and textile product producers in the world by 2030, and the Ministry of Trade is forging ahead with its Making Indonesia 4.0 roadmap, which prioritizes the development of a number of industries, including the textile sector. Muhdori, the trade ministry’s director tasked with the […]

CONTINUE READING

Retail Asia05/07/2018

For price conscious Vietnamese consumers, an organic product more expensive than its normal version is not an attractive option, but one firm has decided to be persistent. The Phong Phu Textile and Garment Company introduced its made-in-Vietnam eco-friendly towel brand last December, attracting media attention as one of the first firms in the country to produce an […]

CONTINUE READING

Retail Asia03/05/2018

水星家纺门店-01.jpg

Mercury Home Textile has selected Manhattan Associates, to optimise order fulfilment across its international, multi-channel retail operation and to serve as a foundation for its transition to an omnichannel business model with Manhattan’s Warehouse Management Solution (WMS). With more than 2,600 franchised stores in China and hundreds of partner stores across Europe, the Middle East, North […]

CONTINUE READING

Retail Asia24/04/2018

A host of non-governmental organisations and unions have accused prominent Australian retailers of refusing to sign an updated version of the 2013 Rana Plaza accord on the eve of the fifth anniversary of the Bangladesh building collapse. Oxfam Australia, Baptist World Aid, the Australian Council of Trade Unions and others are urging Australian brands to […]

CONTINUE READING

Retail Asia06/07/2017

The textile and apparel industry in India is worth some $110 billion, and is the nation’s second largest employer, after agriculture, providing direct employment to more than 45 million people and indirect employment to another 60 million. All this is set to soar by 2025, according to Indian Prime Minister Modi, who addressed attendees this week at […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X