HONG KONG, Nov. 16 (Xinhua) -- Chinese mainland-based Xtep International Holdings Limited, a growing sportswear brand, inaugurated its first flagship store for the Disney Sport products in Hong Kong on Monday. Ding Shui Po, company chairman and chief executive officer, said "certainly the next step is to explore the overseas market" given that the brand already has over 5,800 stores covering 31 provinces and provincial cities on the mainland. Established in 1999, Xtep is one of a growing

KARACHI: The continuously rising prices of cotton can hurt the local textile sector as analysts and exporters anticipate further rise in the domestic cotton prices because of active buying by the international buyers who have flocked Pakistan amid a shortfall in world cotton production. With increasing demand from international buyers domestic cotton prices will remain high in near future, analysts predicted. Domestic cotton prices have already surged by 21 percent since the start of the cur

Ninety-nine-year-old Weave Corp. of Hackensack, whose upholstery material was once used to decorate Camp David, has closed amid pressure from its lender, PNC Bank. The bank on Monday filed a lawsuit in U.S. District Court in Newark to secure possession of the company's assets, asking the court to assign a receiver in connection with millions of dollars in loans. Court papers say the bank learned on Nov. 3 that the company — one of the last textile businesses remaining in North Jersey — had

THE BUZZ What do IPO investors and "Twilight" fans have in common? For one thing, they both thrive on anticipation. And as teenage girls everywhere count the days till the Nov. 20 release of the latest film in the vampire saga, they'll have something else in common: Rue21. Since emerging from bankruptcy in 2003, the clothing retailer has prided itself on nimbleness in keeping up with teen trends. Now it's selling a diverse line of T-shirts with images from the upcoming "Twilight: New Moon.

DHAKA, Nov. 1 (Xinhua) -- The Bangladeshi government Sunday formed a committee to probe Saturday's violent clashes between police and workers of an apparel factory that left two people dead and scores of others injured, the country's Home Minister said. The decision on forming the five-member probe committee, led by a senior Labor Ministry official, was made in a tripartite meeting of the government, the garment owners and the workers. After the meeting Sunday, the South Asian country'

The stalking horse is at the paddock, champing at the bit to buy a significant industrial property in Charleston. The purse in this case is the cavernous, state-of-the-art former Mikasa Inc. distribution center on Clements Ferry Road. Its owner, American Commercial Inc., sought bankruptcy protection in September and to pay its debts has arranged a $20 million sale of the vacant building to a Canadian apparel maker and importer. As previously reported by The Post and Courier, the woul

The over $50-billion domestic textile industry has appreciated the recovery in the US economy during the September quarter. But industry players have also expressed doubts whether the development will help the industry’s exports end with a positive growth in the current financial year. The US economy, which grew at an annualised rate of 3.5 per cent in the July-September period, is the largest import market for domestic textiles, consuming close to 40 per cent of India textiles exports. Go

GREENVILLE, S.C. -- The president of a South Carolina textile service company says its Greenville facility will close Dec. 31, leaving 190 people jobless. WYFF-TV reports that employees of John D. Hollingsworth on Wheels Inc. learned of the closing Friday. The company tests, repairs and makes textile equipment. President and CEO William Henderson said the disappearance of textile customers due to the industry's continued U.S. decline made the difficult decision necessary. Workers will rece

SIALKOT (November 01 2009): The export of value-added knitted garments, sportswear, made ups and other products will be badly affected if unrestricted export of raw materials like cotton yarn and raw cotton is not checked by the government immediately. This was stated by Dr Khurram Anwar Khawaja, Chairman Pakistan Hosiery Manufacturers and Exporters Association here Saturday. He demanded immediate intervention by the government in the local supply chain mechanism to save the entire value-adde

NEW YORK, Nov 1 (Reuters) - Despite missing Wall Street's third-quarter earnings estimates last week, apparel maker VF Corp's (VFC.N) profit potential makes it attractive for longer-term investors, Barron's business weekly said on Sunday. It noted stock in the company, whose brands include North Face, Nautica and Wrangler, is up only 29 percent this year, compared with 44 percent for the average peer and way off rivals like Liz Claiborne (LIZ.N) and J. Crew Group (JCG.N). "VF has much to r