Global synthetic fiber prices increased in November for the first time in more than three years.
U.S. apparel imports dropped in November, further evidence of the declining consumer demand that has retailers and brands curtailing their orders from overseas factories.
Vietnam continued to gain share of U.S. apparel imports in November, as the Southeast Asian country remained on track for another record year of apparel shipments to the U.S.
According to the latest monthly fiber report from PCI, polyester raw material prices and nylon raw material prices rose globally in many nations, including China, due to the recent OPEC deal and short-term demand for fibers.Read more
Cotton prices are finishing 2016 significantly higher than at the end of 2015, but this upward trend might not last too long.
Inflation crept up again in November, driven by higher housing and gasoline costs, but apparel prices remained virtually flat, as consumers began to take advantage of what many retail analysts predict will go down as one of the most promotional Holiday selling seasons in recent history.
Apparel-oriented retailers continued in November to bear the scars of the share wars underway in the extremely promotional and hypercompetitive apparel retail market.Read more
Vietnam continued to gain share of U.S. apparel imports in October, putting the country on track for another record year in 2016. But Bangladesh and India have also made inroads, with all gaining at the expense of China.
U.S. apparel imports continued to decline in October, furthering a months-long trend that doesn’t show signs of letting up and setting the stage for the first full-year drop in apparel imports since 2009.
The economy added 178,000 jobs in November, but the retail sector downsized, the latest indication that the industry is not benefitting from the economic recovery and that planned seasonal hiring for 2016 hasn’t actually materialized.Read more