Walmart’s brick-and-mortar stores could give it an advantage over Amazon at a time when combined online and in-person retail prevails, former Walmart U.S. CEO Bill Simon told CNBC on Thursday. Their business models may be different, but Gerald Storch, former CEO of Hudson’s Bay and Toys R Us, says both Amazon and Walmart are “winners” … More Walmart’s brick-and-mortar stores could give it an edge over Amazon, ex-Walmart US CEO says

Important milestone: The first 60 roadmaps are now published. Members of the Partnership for Sustainable Textiles committed to take more responsibility for sustainability in their own supply chain. In the annual Roadmaps, they demonstrate how they handle the work to improve fair wages, environmental protection and working conditions. The creation of a Roadmap is binding … More German Textile Partnership members put their cards on the table – Roadmaps 2018 are published

Storied San Francisco retailer filed chapter 11 earlier this month after failing to sell business or attract new investors Gump’s, a storied luxury department store in San Francisco, has begun a going-out-of-business sale after 157 years in business. A judge on Friday, August 10, granted Gump’s permission to liquidate inventory at its flagship store, located … More 157-Year-Old U.S. Department Store Gump’s begins Store-Closing Sale

From September 4 – 6, leading innovations and technologies from around the world will feature in the Shanghai New International Expo Centre for Cinte Techtextil China 2018. With a growing technical textile market in China and Asia, big industry names will come to showcase new products. The Belgium, Germany and Taiwan Pavilions are predicted to … More Belgium, Czech Republic, Germany and Taiwan Pavilions to join Cinte Techtextil China

Total exports of Swiss Textile Machinery amounted to CHF 191.6 million or 9.7 % less as to compare to the same period in 2017. The major destination of the Swiss Textile Machinery: China  CHF 25.5 million or 0.2 % less than 2017, China’s share of total exports was 13.4 %. ThenTukey with CHF 20.8 million … More Swiss Textile Machinery Exports in the first six months 2018

Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the second quarter of 2018, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2018, GDP had also grown by 0.4 % both … More Flash estimate for the second quarter of 2018 – GDP up by 0.4% in both Euro Area and EU28 +2.2% against 2017