Dealers in top consumer China offer steep discounts as demand slumps
Traders and dealers quoted massive discounts of about $50 to $70 over benchmark spot prices in China, the biggest on record as per data going back till…
Puma ups guidance despite U.S. tariffs on China
Without price increases, U.S. tariffs on goods produced in China are putting pressure on operating earnings in the short-term, Chief Executive Bjorn Gulden said. He has previously…
Retailers’ December imports to rise on last-minute restocking- NRF
“Retailers are doing last-minute restocking as consumers head toward the finish line of the shopping season,” Jonathan Gold, NRF’s vice president for supply chain and customs policy,…
EU’s textile and apparel trade deficit grew by 48% in 2022
EU apparel imports in fact increased by 36.6% in fiscal 2022. They came primarily from China and Bangladesh, the EU’s largest apparel supplier.Between them, the two countries…
Praise and criticism for European Commission’s greenwashing directive
On Wednesday, the Commission’s highly anticipated Substantiating Green Claims Directive, aimed at preventing greenwashing, was released.It’s introducing penalties against greenwashing and tighter rules for approving new eco-labels…