Gildan Activewear Inc has lowered its earnings projections after production shortfalls at its Dominican Republic textile factory mean it will be unable to keep up with demand for its T-shirts.
Indian textiles to tools maker Raymond Ltd today (30 April) posted a 153% hike in fourth quarter profit, helped by strong sales of its branded apparel.
Footwear retailer Payless ShoeSource is teaming up with children’s TV and entertainment brand Nickelodeon to launch a new line of footwear based on its Blues Clues pre-school show.
Jones Apparel Group today (30 April) reported earnings per share of $0.23 for the first quarter, down from $0.44 in the same period last year, including the effects of selling Barneys New York and other restructuring activities.
Men's branded footwear maker Weyco Group Inc has blamed the †pullback in consumer spending on apparel and footwear†for a 10.5% drop in its first quarter profit.
French value family clothing retailer Kiabi has opened its first outlet in Russia, in Novosibirsk, and is planning four more openings in the country's major cities, excluding Moscow, in 2008.
Premier Investments, the firm trying to take over Australian retailer Just Group for A$900m (US$832.7m), has been forced to file a supplementary bidder's statement to clarify statements made by its chairman on the current state of the country's retail climate.
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Clothing firm True Religion Apparel, known for its jeans, said that its net income for the 2007 fourth quarter was $8.9m, compared to $4.1m in the corresponding period last year.
More than 400 containers of Pakistani textile products worth of around US$30m have been stuck up at US ports for last four months in the lead up to the bankruptcy of Dan River, it has been reported.
