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US’ J.Jill Q3 FY24 net sales rise 0.3% YoY to $151.3 mn

J.Jill, Inc has reported net sales of $151.3 million (+0.3 per cent YoY) in Q3 FY24 with a gross margin of 71.4 per cent. Net income rose to $12.3 million ($0.80/share). Adjusted EBITDA of the company was $26.8 million (17.7 per cent margin). For 9M FY24, net sales grew 2.2 per cent to $468.0 million, with net income at $37.2 million. The company expects Q4 FY24 net sales to decline 4-6 per cent. ​J.Jill, Inc has reported net sales of $151.3 million (+0.3 per cent...

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Taiwan’s footwear maker to start ops at India’s Tamil Nadu unit by ’26

Taiwanese non-leather footwear manufacturer Hong Fu Industrial Group recently entered India by celebrating the ground breaking ceremony of a manufacturing facility at the SIPCOT Industrial Park in Panapakkam. The Grand Atlantia unit is projected to generate employment for 25,000, with women comprising 85 per cent of the workforce. It is likely to become operational by early January 2026. ​Taiwanese non-leather footwear manufacturer Hong Fu Industrial Group recently entered India by celebrating the ground breaking ceremony of a manufacturing facility at the SIPCOT Industrial...

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Migrant workers key to global labour market, ILO urges policy changes

International migrants play a crucial role in global labour market, accounting for 4.7 per cent of the global labour force in 2022. Most migrants were employed in high-income countries, and migrant women faced higher unemployment than migrant men. The ILO report highlights the need for policies to ensure decent work, equitable opportunities, and protection for migrants. ​International migrants play a crucial role in global labour market, accounting for 4.7 per cent of the global labour force in 2022. Most migrants were employed in high-income...

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ICE cotton ends lower despite initial gains from weaker dollar

ICE cotton closed lower on Monday, affected by a weaker dollar and limited holiday trading. The March 2025 contract settled down, marking significant losses over recent sessions. With the lowest trading volume since August and unchanged contract stocks, market analysts predict subdued activity continuing into the new year. The overall market outlook remains bearish. ​ICE cotton closed lower on Monday, affected by a weaker dollar and limited holiday trading. The March 2025 contract settled down, marking significant losses over recent sessions. With the lowest trading volume...

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New York-based WHP Global to acquire Vera Wang fashion brand

WHP Global has announced acquisition of Vera Wang fashion brand's IP, marking a major milestone as it builds a premium fashion vertical alongside brands like Rag & Bone and G-STAR. Vera Wang will remain founder and chief creative officer and join as a shareholder. The deal, expected to close by January 2025, strengthens WHP Global’s $7 billion portfolio in fashion and luxury. ​WHP Global has announced acquisition of Vera Wang fashion brand's IP, marking a major milestone as it builds a premium fashion...

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Record number of shoppers expected on Super Saturday in US: NRF survey

A record number of 157.2 million US consumers are expected to shop on Super Saturday, last Saturday before Christmas, marking a significant increase from last year’s 141.9 million. This surge is part of a broader trend where 69.5 million shoppers plan to buy both in-store and online, while online-only shopping has also seen an uptick. NRF anticipates holiday spending to grow up to 3.5 per cent. ​A record number of 157.2 million US consumers are expected to shop on Super Saturday, last Saturday...

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India’s T&A exports grow further to reach $23 bn in Nov 2024

India's textile and apparel exports continued to show growth in the first eight months of FY25, rising by 6.93 per cent to $23.331 billion. Notably, apparel exports surged by 9.81 per cent. However, overall export growth slightly slowed in November 2024 compared to the previous month. India likely benefitted from orders redirected from Bangladesh, boosting its share in global markets. ​India's textile and apparel exports continued to show growth in the first eight months of FY25, rising by 6.93 per cent to $23.331 billion. Notably,...

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Inflation in Netherlands rises to 4% in November

Inflation in the Netherlands rose to 4 per cent in November 2024, up from 3.5 per cent in October, according to Statistics Netherlands. HICP showed inflation at 3.8 per cent in November, up from 3.3 per cent in October. Inflation in the Netherlands remains higher than the euro area, where it increased to 2.3 per cent in November from 2 per cent in October. ​Inflation in the Netherlands rose to 4 per cent in November 2024, up from 3.5 per cent in October,...

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Clariant expands performance additives production line in China

Clariant, in partnership with Beijing Tiangang, is expanding its Cangzhou site in China with a second production line for the Nylostab S-EED additive. The new facility aims to meet growing nylon industry demand, enhancing productivity and product quality. Leaders from both firms celebrated the project, reinforcing their commitment to China's textiles and plastics sectors. ​Clariant, in partnership with Beijing Tiangang, is expanding its Cangzhou site in China with a second production line for the Nylostab S-EED additive. The new facility aims to meet growing...

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US import prices up 0.1% for 2nd straight month in Nov 2024: BLS

Prices for US imports increased by 0.1 per cent for the second consecutive month in November and October this year after declining by 0.4 per cent in September and by 0.3 per cent in August. US export prices remained unchanged in November following a 1-per cent rise the previous month, and declining by 0.6 per cent in September and by 0.7 per cent in August. ​Prices for US imports increased by 0.1 per cent for the second consecutive month in November and...

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