report in DSaily FT, Oct 23, 2023Sri Lanka’s main export engine, apparel, saw its shipments plunge further in September worsening the sector’s status quo. Apparel exports in September were down sharply by 26% to $ 332 million whilst performance in the first nine months was down by 20.5% to $ 3.4 billion. “September was a bad month. The industry was hoping to see some signs of slight recovery but that may now be October at…
Posts tagged as “apparel”
by Krishana Prasain in The Kathmandu Post, Mar 6, 2023At most of Kathmandu’s apparel stores, one poster is common nowadays: SALE. But that’s not helping rev up sales. The apparel stores have witnessed a slowdown in discretionary spending by consumers over the past few months, primarily because of inflationary pressures, reflecting how a slowing economy has dampened the market’s mood. A credit crunch, real estate slowdown, tumbling stock market and rising unemployment have rattled the…