Articles from 2009, week 12

Japan bids potential market for Asian Apparel Exporters - March 22, 2009

The much talked about recession still keeps sending shivers, with its adverse effects seen all around the globe. Garment exporters have already felt the heat with declining orders, and importers demanding for more price cuts. Shipment of garments is further expected to decrease in the coming months of March and April. Despite the looming recession and crisis bites, there is still a ray of hope for the Asian apparel exporters. Japan has now decided to shift its apparel imports, and sourcing from China to other Asian countries. This brings profound connotations to the apparel exporters of Asian countries. Recently the Government of Japan announced that plans are being contemplated to source apparels from Asian countries other than China as sourcing from China has become costlier. With the economic slump creating a feeling of uncertainty about apparel orders, Japan's declaration has brought some hope among the beleaguered Asian garment exporters. Garment factories now, have the prospect of acquiring profitable new business.

Fashion Industry runs to Govt help, Italy - March 22, 2009

The global recession has not spared the worldwide high profile fashion industry from its wrath. Italy which is considered one of the fashion capitals of the world is no exception. The fashion industry in Italy has been impacted to a very large extent, than anticipated earlier.