Stability in raw material prices and economic conditions around the world resulted in a rarity in the global fiber business in 2013 — a lack of volatility, leading to an outlook for more of the same in the year ahead.
Following some up and down years — memories of record-high cotton prices in excess of $2 a pound in 2011 that dragged other fibers with it are still relatively fresh, not to mention the Great Recession that preceded it — the fiber industry sees a somewhat stable environment ahead, with room for growth. But slow and somewhat tenuous economic growth in places such as the U.S. and Europe and China’s molasseslike move away from a controlled economy still weigh on key sectors, while climatic conditions are always a concern for natural fibers.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)