Wool prices in key Australian markets continued sharply higher in May as the stronger Aussie dollar and brisk demand for Merino counts pushed the benchmark Australian Eastern Market Index (EMI) up by more than 13 percent for the month, from $4.24 to $4.59.
The rally continued into early June, with strong demand for all types and descriptions of the fiber pushing prices to finish the week ended June 5 at a peak of $4.81.
However, over the next few weeks the bottom started to fall out of the market with an increase in quantities for sale appearing as if like magic despite the projected decline in shorn wool production.
Prices finished down by almost 7 percent in June, at $4.27, though well above the lows seen in February and March.
François Girbaud shares with Rivet why he believes fit and function mean more to denim than ever and why he’s eager for newness.Read more
Nike launched Nike Circular Innovation Challenge, a two-part contest that challenges participants to turn grind waste materials into new products or propose innovative material-recovery solutions for footwear recycling.Read more
Nike is shifting its leadership following alleged internal conflict, J.Jill's CEO Paula Bennett is retiring, plus Hugo Boss extended its CEO contract.Read more
Adelante Shoe Co. aims to make footwear shopping more transparent by connecting craftsmen and consumers from point of sale to shoe delivery.Read more
So what's really going on with the retail apocalypse? It really depends on which retailers you're talking about, according to new research from Deloitte.Read more
Following up on its merger this month with the American Fiber Manufacturers, the National Council of Textile Organizations has launched Textiles in the News, a new website promoting the U.S. textile industry.Read more
The challenging retail environment has store executives re-evaluating every aspect of their businesses and Shop.org's “The State of Retailing Online” report highlights retailers' new directions and the areas they say still need improvement.Read more