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May 9-15, 2008
Special Reports - Features - Apparelnews.net
Playing the Waiting Game on Mexican Fabric
by Deborah Belgum, Senior EditorMay 02, 2008Maybe the odds makers in Las Vegas should start taking bets on when Mexico and Canada can start sending fabric to Central America to make clothing that returns to the United States duty-free. Right now, even the most experienced trade attorneys, more»
INDUSTRY OPINION
“They said, ’There is nothing you can do to compensate for the fact that we are able to pay $1.57 an hour in Mexico.’ That’s when I started to say, ’NAFTA and CAFTA have given us the shafta.’”
Michigan Gov. Jennifer M. Granholm in a New York Times story about overseas investment in U.S. companies, recalling her reaction to Swedish company Electrolux’s decision two years ago to close a refrigerator factory in Greenville, Mich., and move production to Mexico, resulting in the loss of 2,700 jobs in Greenville
Fiber & Fabric
Cone Denim Opens in Nicaragua
May 02, 2008
International Textile Group, the Greensboro, N.C.–based parent company of Cone Denim, opened a new facility near Managua, Nicaragua. Located in the Jorge Bolanos Abaunza Textile Park, outside Managua, the Cone Denim Nicaragua (CDN) facility held its grand-opening ceremony on April 22, drawing
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Technology
New Online Sourcing Resource for Small Companies
by Robert McAllister, Technology Editor May 02, 2008
Apparel and textile companies now have an online sourcing resource designed especially for small- to mid-size companies. Fremont, Calif.–based All World Sourcing Inc., has launched a beta version of its site, www.allworldsourcing.com, which is aimed at small- and mid-size companies looking for
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Finance
Industry Focus: Finance
April 11, 2008
As the Financial World Turns: The Finance Sector Reacts, Regroups and Responds to Shake-ups in Its Industry In the last two months, the financial-services business has been pummeled with bad news. First, major Wall Street investment firm Bear Stearns Cos. Inc. was close to declaring bankruptcy in March
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