The Raymond on Sunday said that Textile and apparel major will invest Rs 350 crore in capacity and retail expansion this year.

          The net sales of Christopher & Banks Corporation for the first quarter of fiscal 2017 totaled $88.6 million, a decrease of 11.5 per cent, compared to $100.0 million for the first quarter of fiscal 2016. Further, the company's comparable sales for Q1 2017 also decreased 8.9 per cent following 6.2 per cent increase in the same period last year.

          The National Green Tribunal has allowed the conditional reopening of 578 textile units in Rajasthans Pali district that had been shut for the last eight months for flouting pollution norms.

          With the falling exports in Bangladesh, the Exporters Association of Bangladesh (EAB) has appealed the government to reduce the corporate tax to 10 per cent on export-oriented readymade garments (RMG), home textile and terry towel sectors. At present, the corporate tax on RMG is 20 per cent while on home textile and terry towel is 15 per cent.

          Indian exports are on upward trend in last few months as the country ended up with export of $275 billion in last fiscal, said GK Gupta, president, Federation of Indian Export Organisation (FIEO). The country could achieve a new milestone of $325 billion in 2017-18 and Gupta has suggested providing additional support to top 200 products of global imports.

          Apparel exports from Kenya to the US decreased by 2 per cent to Sh 34.4 billion in 2016 from Sh 35.2 billion in 2015, mainly owing to uncertainty around general election held in the US. The number of apparel pieces exported by Kenya in 2016 reduced to 74 million from 84.6 million in 2015, says the annual performance report for the Export Processing Zones (EPZ).