Germany’s Outlast & Reusch unveil ‘Attrakt Gold X Airvent’ gloves

Reusch has partnered with Outlast to launch the ‘Attrakt Gold X Airvent’ goalkeeper gloves, featuring temperature-regulating Outlast technology.
This innovation helps manage heat and moisture, enhancing comfort and performance, especially in hot conditions.
The gloves offer goalkeepers improved comfort, enabling them to focus on their game, while Outlast technology is used globally in various industries.

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US’ Gap Inc reports net sales of $3.8 bn, up 2% YoY in Q3 FY24

Gap Inc has reported net sales of $3.8 billion, up 2 per cent YoY in Q3 FY24, with a 1 per cent rise in comparable sales and a 7 per cent increase in online sales.
Gross margin improved 140 basis points to 42.7 per cent, while net income reached $274 million.
For 9M FY24, net sales grew to $10.9 billion, with net income doubling to $638 million.
FY24 sales are projected to grow by 1.5-2 per cent.

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Vietnam’s Binh Dịnh clears fashion manufacturing plant worth $20 mn

Vietnam’s Binh Dịnh Economic Zone Authority has granted an investment certificate for the TnB Vietnam fashion manufacturing plant project, funded by Singapore-based HGQ Asia.
The first phase will see construction of workshops, warehouses and offices, installation of machinery, workforce recruitment and training, and initiating production till October 2026.
The second will focus on expansion.

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Revised data shows Bangladesh RMG exports dip 5.22% in FY24

Bangladesh’s RMG exports declined by 5.22 per cent to $36.151 billion in fiscal 2023-24, missing the $52.272 billion target by 30.84 per cent, according to revised EPB data.
Knitwear and woven apparel exports dropped, while home textile exports saw a sharper 22.05 per cent fall.
The new regime revised prior fiscal data, revealing discrepancies in reported RMG exports under the former government.

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Eurasia Group opens garment factory in Kyrgyzstan’s Kara-Suu district

The Eurasia Group recently opened a garment factory in Kashkar Kyshtak village of Kara-Suu district in Kyrgyzstan with USAID support.
The factory is part of a broader textile and garment complex, with a total investment of over $27 million.
Once fully operational, the factory plans to export its products to the Middle East and North Africa, the EU, and the Commonwealth of Independent States.

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Sweden’s Bjorn Borg’s Q3 2024 net sales rise 8.8% YoY, reach $259.5 mn

Bjorn Borg has reported net sales of SEK 285.1 million (~$259.5 million) in Q3 2024, up by 8.8 per cent YoY (10.4 per cent currency-neutral).
E-commerce sales rose 31.5 per cent to SEK 49.4 million.
Gross profit margin fell to 52.1 per cent.
Operating profit grew 2.8 per cent to SEK 42.0 million.
For 9M 2024, net sales reached SEK 755.1 million (~$674.6 million), with 11.9 per cent YoY growth.

Sweden’s Bjorn Borg’s Q3 2024 net sales rise 8.8% YoY, reach $259.5 mn Read More »

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