Giants in the footwear and clothing industries have teamed up to form the Sustainable Apparel Coalition: a group whose goal is to create and adopt a system that will measure the social and environmental sustainability of products.
Final bids on the sale of German outdoor apparel and equipment maker Jack Wolfskin are due in the next couple of days and a deal could close as early as April, three sources familiar with the process told Reuters.
Last year's rebound in jewelry demand was welcomed by gold bugs as a sign that underlying support for the metal was growing, but an expected rise in gold prices this year may nip 2010's tentative recovery in the bud.
The indian textile industry has sought measures to boost exports of apparels and textile products in a cost-competitive market and easier access to funds for cotton buyers as it peaks in a year of global shortage.
Soaring cotton prices are likely to crimp India's apparel exports by at least 15 percent in volume terms this year, as they shrivel demand from developed economies that are still limping into recovery, an industry body said.
Consumer confidence fell sharply in January to near its weakest level since early 2009, after a rise in sales tax dented shoppers' willingness to spend, a survey by building society Nationwide showed on Wednesday.
U.S. cotton futures slid their 7-cent limit Friday as a week of panic short-covering, which drove the March, May and July contracts limit-up in successive sessions, seemed to be exhausted, brokers said.