U.S. apparel imports increased in September compared to the same month in 2014, but not to the heady levels of August, when more than $10 billion worth of imported apparel clogged U.S. stores and warehouses, causing retailers to slow down shipments where possible after a less than stellar Back-To-School season.
According to the latest Commerce Department data, total apparel imports rose by 1.8% in September, a much smaller increase than August’s almost 9 percent increase, to $9.3 billion on a CIF basis.
The apparel import increase contrasted sharply with total U.S. imports in the month, which fell by 5.7% to $193 billion despite the purchasing power of the stronger U.S. dollar.
On a 12-month smoothed basis, which corrects for volatility of data in a particular month, apparel import growth was 5.2% in September, its second biggest monthly jump in almost four years.
Apparel exports outperformed the total export market as well, falling by 4.2% compared to last September, to $515 million, while total U.S. exports of goods and services dropped by 5.9%. On a 12-month smoothed basis, apparel exports increased by almost 1 percent, their smallest monthly increase in five and a half years.
The Nordstrom family, which had begun the process of taking the company private last year, has taken up the effort again and could do so in a month.Read more
Reebok is gearing up for springtime outdoor sports activities by introducing the Fast Flexweave, a running shoe designed for ultracomfort and maximum speed.Read more
Maintaining compliance for apparel, footwear and home textile products could become more seamless with the latest information on restricted chemicals.Read more
Gap CEO Jeff Kirwan is leaving, Clique hired a new executive to head up its business strategy, plus Stella McCartney and Kering decided to end their partnership.Read more
ASOS is doing its part to eradicate modern slavery and shed further light on the issues at hand.Read more
Some of the technologies on the MIT Breakthrough list are now coming into their own, while others are rising in tandem with trends such as cryptocurrency.Read more
Apparel importer SGS Sports, which uses a Canadian company to warehouse goods until a U.S. customer is found, was unable to show sufficient proof of the two companies being separate entities, U.S. Customs & Border Protection ruled.Read more