BEIJING — America's economic slowdown and rising production costs in China are prompting Chinese textile makers to look at new markets, with a focus on European buyers and domestic customers.
Mainland Chinese producers at the Intertextile Beijing Apparel Fabrics 2008 fair, which ended a three-day run here on March 29, said orders from the U.S. have declined markedly in the last year, and with costs increasing for raw materials and labor, the outlook for sales to American buyers is somewhat grim.
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)