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H&M Group lays off people
According to a report by Svenska Dagbladet on May 8, H&asdfssdfsmp;M Group laid off 450 employees and 800 consultants. Most of the layoffs were affected by the COVID-19 epidemi…
Epidemic stimulates e-commerce development in Pakistan
According to a report by Pakistan’s “Express Forum” on May 9, during the epidemic, traditional offline sales models around the world mostly stagnated, but e-comme…
The U.S. apparel retail industry faces transformation and consolidation
According to the Wall Street Journal, U.S. apparel retailers such as J Crew, Neimas Mascus and J.C. Penney have been forced to close due to the COVID-19 epidemic and are currently …
Global textile turnover is expected to decline by %
Global textile turnover is expected to drop by an average of 33% in 2020 compared with 2019, and textile manufacturers will face more severe challenges in the future. The impact of…
Egypt’s Prime Minister calls for further expansion of mask production
According to Egypt’s “Daily News” on May 7: Egyptian Prime Minister Madbouly held an online meeting on May 6 to follow up on Egypt’s continued efforts to fi…
US FDA cancels EUA authorization of dozens of Chinese companies and updates EUA application standards
On May 6, 2020, the U.S. CDC released the results of random inspections of KN95 masks in China. Dozens of EUA-authorized companies found that the quality of masks was unqualified, …
The United States releases the fourth batch of exclusion lists for taxed products worth US$100 million
On May 8, 2020 local time in the United States, the Office of the United States Trade Representative (USTR) announced the product exclusion announcement for the fourth batch of US$…
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The Ministry of Commerce discusses suspending the export of some epidemic prevention materials through market procurement trade.
Recently, Yiwu and other places have suspended the export of some epidemic prevention materials through market procurement trade. Domestic and foreign enterprises and individuals a…
US regulators veto approval of BYD N masks? False news
According to foreign media reports, the U.S. regulatory agency reportedly vetoed approval of BYD’s N95 masks. However, a source familiar with BYD responded that NIOSH did not…
Vietnam exports yarn, 10,000 tons
In April 2020, Vietnam exported US$1.61 billion in textiles and clothing, a decrease of 31.17% from the previous month, and a decrease of 25.4% from the same period last year. It e…