Towels and Textiles
A grand opening event was held on May 23, 2013 at the new 300,000 square foot East Coast sales and operations facility of Pro Towels and Superior Decorating in Abbeville, S.C.
Cotton fell through support at the 84 to 85-cent level last week, closing Friday at 83.58 (a total decline of 1.59 cents). In an attempt to recover, prices moved back above the 84-cent mark. If a recovery fails, the next level of support appears to be at 82 cents.
Is there a chance to return to the 90-cent area? It's not impossible, but there will be more obstacles to overcome.
Pro Towels, the towel supplier headquartered in Pittsburgh, has appointed Melissa Humphries as the customer service representative for the East Coast division of Superior Decorating.
Pro Towels, the Pittsburgh-based towel supplier, announced the expansion of its contract decorating division, Superior Decorating, to the East Coast. Superior Decorating will now be fully operational in both Camarillo, Calif. and Abbeville, S.C.
Developments continue to unfold surrounding the Bangladesh factory fire that occurred over the weekend, killing more than 100 people.
Three supervisors of the Bangladeshi garments factory were arrested on Wednesday as protests carried over into a third day, with textile workers and police clashing in the streets of a Dhaka suburb. The government has blamed the fire on saboteurs and police have made two arrests based on CCTV footage of two individuals trying to set fire to stockpiles of cotton in another factory.
The industry was in for a shocking surprise when India announced an unexpected ban on cotton exports in 2010 and again in 2011. However, according to an official press release, Anand Sharma, Cabinet Minister of Textiles, India, sent a written statement confirming the ban has been lifted. The written statement confirms the 2012/2013 season will have an exportable surplus of 7 million bales.
Textile and apparel imports into the US fell by 1.3 percent in September as retailers planned conservatively for the upcoming holiday season, with year-on-year declines in seven of the top 10 supply countries.
Official figures from the Department of Commerce's Office of Textiles and Apparel (OTEXA), showed total textile and apparel imports slipped to 4.8bn square metre equivalents (SME) during the month.