, Author at Vital Commodity

Political stability makes India reliable for US apparel buyers: USITC

India’s political stability is a key factor for US buyers, making the country a reliable choice for sourcing apparel, a report by the US International Trade Commission noted.
Praising India’s competitiveness, particularly in cotton garments, the report says key challenges for the industry that hinder scalability include increased labour costs, small production units and expensive logistics.

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India’s RMG industry to see slower 4-6% revenue growth in FY25: CRISIL

Apparels

India’s readymade garments industry is expected to see moderate revenue growth of 4-6 per cent this fiscal, compared to 6 per cent last FY24, due to sluggish domestic demand and inventory buildup.
Export revenue is predicted to rise 5-7 per cent.
Operating margins are expected to remain stable at 11.0-11.5 per cent, with credit profiles supported by modest capex and steady working capital cycles.

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US demand weakens, pulls down Sri Lanka’s shirt export prices

Apparels

Sri Lanka’s shirt exports to the US have seen a consistent drop in average unit prices, declining by 11.98 per cent to $8.96 in early 2024 from $10.18 in 2022.
Export volumes and values also fell, impacted by weaker demand from US brands.
Export values decreased 29.48 per cent from 2022 to 2023, marking a significant challenge for Sri Lankan exporters amid fluctuating global market conditions.

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Yoga for neck hump: 10 poses to reduce the pain

Health & Fitness

Neck hump or dowager’s hump is a condition that people often associate with old age. The hump visible at the base of the neck may have to do with osteoporosis, a condition that leaves people with weak and brittle bones. It may also be due to a habit of poor posture, which can lead to

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8 bodyweight back exercises to stay flexible and strong

Health & Fitness

Bodyweight back exercises should be a part of your fitness routine, especially if you don’t want to end up with back pain. This is a common health problem, thanks to prolonged sitting and a sedentary lifestyle. Any kind of physical activity is good for your health, but if you pick exercises particularly for your back

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German shoe retailer Deichmann buys brand rights from Esprit

Apparels

German shoe retailer Deichmann recently announced buying the trademark rights of the Hong Kong-headquartered fashion brand Esprit.
Esprit Europe GmbH and six other German companies of the fashion group had filed for insolvency under self-administration in May this year.
Esprit said Deichmann is taking over its shoe trademark rights in the US and Europe, but not operational company shares.

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Denmark’s Bestseller’s new report highlights supply chain transparency

Apparels

BESTSELLER’s first Supply Chain Due Diligence Report provides transparency on its sourcing practices, addressing human rights, environmental, and product safety risks across 350 suppliers and 700 factories in 18 countries.
The report details BESTSELLER’s efforts to mitigate these risks, showcasing its commitment to responsible supply chain management across its +20 brands.

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US’ Skechers’ Q3 sales rise 15.9% to $2.35 bn, profit up 14.1%

Apparels

Skechers reported a 15.9 per cent YoY sales increase in Q3 2024 to $2.347 billion, with international and domestic growth.
Gross profit rose 14.1 per cent, while the gross margin decreased slightly due to lower average selling prices.
The company expects Q4 sales of $2.165–$2.215 billion and aims for $8.925–$8.975 billion for FY 2024, targeting $10 billion by 2026.

US’ Skechers’ Q3 sales rise 15.9% to $2.35 bn, profit up 14.1% Read More »

Political crisis impacts Bangladesh’s apparel exports to EU

Apparels

Bangladesh’s apparel exports to the EU reached $11.112 billion in Jan-Jul 2024, down from $11.679 billion in 2023, amid growing political unrest and student protests.
Exports fluctuated, with a sharp decline in June before recovering in July, just before Prime Minister Sheikh Hasina’s ousting.
Europe, including UK, contributed 57.41 per cent to Bangladesh’s total apparel exports in this period.

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Scientists Discover A Hidden Root Cause Of Stubborn Belly Fat, And It Will Surprise You…

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Are you struggling with low energy and stubborn belly fat that just won’t budge? Turns out, it’s not your fault. In 2023, an esteemed team of scientific researchers discovered just one common factor in all overweight women and men – compromised liver function. And the one thing common in skinny people? Optimal liver function! As you’re probably aware, one

Scientists Discover A Hidden Root Cause Of Stubborn Belly Fat, And It Will Surprise You… Read More »