May 2010

Textile Manufacturers Siretul Pascani Expects Higher Sales
The textile company Siretul Pascani registered in the first quarter of 2010, a decline in sales of 34 percent, which equals 0.5 million Euro. Last year, sales had already fallen by 20 percent to the equivalent of 2.71 million Euro compared to the previous year. In 2009, the company finished the fiscal year with losses of 0.96 million Euro. Still, it managed to generate a profit of almost 2500 Euro in the first quarter of this year. This year the company expects 30 percent higher income and a net income of almost 0.2 million Euro.

April 2010

Offensive Of Hypermarkets In The Clothing Segment
While the clothing chain Hennes & Mauritz continues to delay the market entry, large retail chains such as Carrefour and real, are pushing their own brands in the apparel segment. The French, currently market leader, called its own textiles label "Tex". In addition, the chain also offers a line of children's clothing designed by the television presenter Andreea Marin Banica. Metro-daughter real, - will bring in this year a total of five own clothing and shoe labels on the Romanian market. The reason for the attack lies in the lack of interest from big names to be listed in hypermarkets. In addition, textiles under own labels would provide better value for money - the chains said.

March 2010

Clothing Industry Expects Growth From Foreign Markets This Year
The clothing company Jolidon, headquartered in the Transylvanian city of Cluj, with shops in Italy (35), France (10) and Hungary (3), had a decline in sales of 12.5 per cent in 2009. Revenues fell by 24.2 million Euro, sales by 7 percent, compared to last year. The sales decline was registered especially abroad first. Over the past year, 5 shops were closed, so that the beginning of 2010, the Company operated only 85 stores in the country. One third of the sales are done through own shops. Jolidon currently employs approximately 3,000 employees. For the current year, the company expects to reverse last year's trend and an increase in sales by 10-13 percent - primarily from foreign markets.

February 2010

Textile Industry To See End Of Tunnel
Apparently, the textile industry sees a slight rise. Iasitex, a textile company in the northeastern city of Iasi, registered an increase in orders in the last quarter of last year. The local manager said, especially orders from international customers rose, meaning the crisis went to an end. Domestic demand is still declining. Iasitex employs approximately 500 employees. In 2008 the company's turnover stood at 14.9 million Euro, 80 percent of production is bought by the Swedish furniture and furnishing store Ikea. Also, another textile company expects this year to enjoye an increase in sales: Tarnava Sighisoara, which is partly supplying the fashion house Benetton, will account for 5 per cent more revenue this year than the year before (2.1 million Euro).

January 2010

Hugo Boss Plans To Move Production Capacities To Romania
Cleveland German clothing maker Hugo Boss AG said Wednesday it will close a 300-worker plant in Cleveland, Ohio that makes men's suits, and probably move the production to Romania. The company, based in Metzingen, said in a statement that the decision was made because the plant not being used to its full capacity and "the fact that it is not globally competitive." Hugo Boss makes two lines of men's suits there. As a result, it will not extend its collective bargaining agreement with the Workers' United union and will close the plant at the end of April. Beyond Cleveland, Hugo Boss employs some 900 people in the U.S. in its stores and showrooms and administrative positions.