World Demand Keeps Cotton in the 72-76 cts Range

With apologies to Mr. Rogers, It’s a wonderful day in the neighborhood and the cotton market has been mine.  What a roll.  Despite the bearish interpretation of the past two WASDE reports, price action on ICE has clearly demonstrated that price decisions should be focused on the declining level of world stocks and the ever increasing world demand.  Yet, it is difficult not to focus on “today’s” fundamentals suggesting on the big U.S. carryover.   ...
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Cotton prices inch up to 70.5-71 cts level

The long awaited rally above 70 cents appeared to mature this week as the March contract has gained five cents just since November.  I am reminded of my friend that sold his cotton in November and then commented that the market would now go up.  It did and prices have continued to move higher.  Most growers are thankful for him finally pulling the pricing trigger.  This was a significant week as the market continued to build on its price consolidation phase, cleansed itself o...
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Black Friday: Now vs Then

Black Friday: Now vs Then

A lot has changed since Black Friday first rolled out as a one-day shopping bonanza to kick off the run up to Christmas.  Today, Black Friday has become a season, starting mid-November and running well past Cyber Monday.Consumers' mindset has also changed.  People are now buying less, researching more, and are well aware that the discounts are likely to get deeper as we inch closer to Christmas. Here's what's changed:THEN:  Big discounts lured people to buy lots o...
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Cotton Prices Move up on Tightening Stocks

Driven by tightening world stocks and led by an ever increasing world consumption, cotton prices continue to move higher.  The nearby March contract settled the week 73.28 with the 2018 July at 74.05.  Export demand continues to drive the market as US growths are the most price competitive in the world.  U.S. merchants and cooperatives continue their very aggressive basis offers to mills as mills add to their near record pace of on-call sales.  The backdrop behind the expandi...
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Marine Veillon Named Eurovet Director, Asia

Marine Veillon has been named Managing Director for Eurovet Asia, which organizes international trade fairs for the intimate apparel, bodywear, activewear and swimwear markets in both Shanghai and Hong Kong. The appointment is effective as of November 24, 2017.Ms. Veillon succeeds Delphine Nguyen who was Managing Director Eurovet Asia for the past seven years.For the past seven years, Ms. Veillon was based in Shanghai and was in charge of business development and acquisitions in Southeast Asia f...
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Far Fetched Sales Soar, Profits Plummet

Farfetch's (UK) soaring revenues came at a cost to profits. Net loss widened to $44 million compared with $36 million last year,  while revenue grew 74 percent to $198 million for the year ending December 31, 2017.Operating loss was $32 million and loss on an EBITDA basis was down to $28.6 million compared to $30 million last year.The company said that the value of goods sold on its online platform increased to around $720 million, while its gross merchandise value jumped almost 81 perc...
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Mike Simko Named Hyosung Global Marketing Director

Mike Simko Named Hyosung Global Marketing Director

Hyosung Corporation (Korea), the world's largest spandex producer and owner of the creora brand, has announced the appointment of a new Global Marketing Director for Textiles Performance Unit to drive Hyosung’s “commitment to excellence” in the textile industry.Mike Simko, Global Marketing Director, will lead the Hyosung’s global marketing of creora spandex, MIPAN nylon and specialty polyester fibers to deliver innovation and superior brand and retail collaborative se...
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US Shows Modest Retail Gain in October

U.S. retail sales rose modestly in October as consumers increased purchases of motor vehicles, sporting goods and a range of other goods, the Commerce Department reported.Retail sales rose 0.2 percent from the previous month to a seasonally adjusted $486.6 billion in October, following a revised 1.9 percent gain in September, the Commerce Department said. Year on year, total retail sales rose 4.6 percent last month.The U.S. economy is expected to expand at 3.2 percent in the fourth quarter, foll...
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J. Crew Q3 Sales Down 12%, Madewell Sales Rise 22%

J. Crew continues to miss the mark with consumers, while sister brand Madewell has found a retail sweet spot with trendy, young shoppers.Third Quarter highlights: Total revenues decreased 5% to $566.7 million. Comparable company sales decreased 9% following a decrease of 8% in the third quarter last year. J.Crew sales decreased 12% to $430.4 million. J.Crew comparable sales decreased 12% following a decrease of 9% in the third quarter last year. Madewell sales increased 22% to $107.5 million. ...
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