Total U.S. apparel imports plummeted in February, according to data released last week by the U.S. Census Bureau, continuing the steady decline that started nearly a year ago, and with sluggish demand and declining costs a major factor.
Total apparel imports fell by 13.3% in the month, to $6.9 billion on a CIF basis, underperforming the almost 1 percent increase in total U.S. goods and services imports, which hit $170.9 billion. On a 12-month smoothed basis, apparel imports fell by 6.7%.
Apparel exports fell by 4.4% to $429 billion. Total U.S. goods and services exports rose by 5 percent.
A Mumbai factory is being called out for contaminating a nearby water source and potentially harming animals in the area.Read more
Thanks to the right product mix, the right capacity utilization and higher selling prices, The Lenzing Group pulled profits higher than it’s ever had.Read more
Mall-based retailer American Eagle and Express both posted comp sales growth for the second quarter, with e-commerce continuing to provide a big boost.Read more
Silk body sensors could be powering up wearables in the future.Read more
Despite a subdued trilateral statement from the three nations renegotiating NAFTA and a seeming commitment to move forward with a deal, President Trump has returned to talk of killing the free trade agreement altogether.Read more
Footwear retailer DSW reported positive same-store sales for Q2, while Vans ventured into apparel territory and launched a new Fall collection.Read more
Walmart challenges Amazon Echo with new partnership with Google that allows shoppers to shop and replenish via voice commands.Read more