WASHINGTON — When quotas on imports to the U.S. from China are lifted at the end of 2008, sourcing executives are not expecting a run back to the world's biggest supplier of apparel.
That's because they learned their lesson in 2005, when they were caught in a dangerous limbo after global quotas were lifted. Brands rushed to take advantage of China's low prices and production prowess, flooding the U.S. market with "Made in China" goods. The domestic industry protested and the Bush administration then imposed safeguard quotas allowed under China's 2001 entry agreement into the World Trade Organization. The move surprised importers, who were caught with the proverbial "too many eggs in one basket."
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)