Wool prices in key Australian markets drifted higher in October and November in U.S. dollar terms. The benchmark Australian Eastern Market Index (EMI) was $4.09 per pound for the last week of November, up from $4.03 at the end of October and $3.90 in September, but remaining well below the peak of almost $4.90 per pound reached in early June.
A strong U.S. dollar helped firm prices, as did a pickup in demand for wool in the outerwear and activewear segments.
The popularity of double-faced woolen fabrics in coatings stimulated China’s wool imports, and demand for finer merino counts has been buoyed by the robust sales of wool for athletic and athleisure wear at brands like Patagonia, Under Armour and Smartwool.
In dollar terms, wool prices are roughly 3 percent below year-ago levels.
Retail giant Amazon rolls out a new way for shoppers to get instant gratification from their online orders and tangles with Trump over state sales taxes.Read more
Now that NAFTA negotiations have officially started, it looks like the trade deal may come far from the one we've known for the last 23 years.Read more
The seven variables that allow apparel businesses to balance performance and vulnerabilities by effectively identifying, assessing, mitigating and managing their supply chains.Read more
Consumers are starting to reward Target for its work to transform its product, customer experience and fulfillment offerings.Read more
Consumer interest in brick and mortar shopping seems to be picking up, or at least declining at a slower rate, according to the most recent store foot traffic data released by analytics firm Retail Next. It may be a glimmer of hope for physical retailers amid the……...Read more
Under Armour's CEO is leaving Trump's manufacturing council, plus Twisted X launched footwear made from recycled plastic bottles.Read more
Coach, Inc. identifies the ways it which it will strengthen the Kate Spade brand by undertaking some of the steps used to turn its namesake business around.Read more