Tag: news

US and Bangladesh Agree Zero Tariff Trade Deal for Textiles

The United States and Bangladesh have signed a new US-Bangladesh trade agreement that creates a structured route to zero reciprocal tariffs on defined quantities of Bangladeshi textile...

January US Retail Sales Jump 9.39% as Apparel Tops Growth

January brought another uptick in US retail sales, and apparel stood out as the fastest-growing segment, according to new figures from the CNBC/NRF Retail Monitor. Clothing...

US NCTO Backs Last Sale Valuation Act to End First Sale Rule

The National Council of Textile Organizations (NCTO) has thrown its weight behind the Last Sale Valuation Act, urging lawmakers to change a customs practice it...

Euratex Urges EU Leaders to Act on Textile Industry Crisis

EURATEX, the leading body representing Europe’s textile and fashion sector, has added its voice to the Antwerp Declaration Community’s appeal for urgent political action....

SMART Welcomes US–El Salvador Used Clothing Trade Deal

The Secondary Materials and Recycled Textiles Association (SMART) has expressed strong support for a newly confirmed trade framework that reinforces preferential access for American...

Under Armour Q3 Loss Widens as Tariffs Hit Revenue

Under Armour delivered weaker third-quarter results as slowing consumer demand and rising trade-related costs continued to weigh on its business. The company reported a...

Ralph Lauren Boosts FY26 Revenue Forecast After Q3 Success

Ralph Lauren has revised its outlook for fiscal 2026 (FY26), anticipating increased revenues and improved operating margins after experiencing what it calls “strong, high-quality...

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