The extension is expected to provide relief to exporters by allowing them to import cheaper raw materials—particularly polyester yarn—without having to comply with mandatory Quality Control Orders (QCOs).
Business News
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The brand has grown its digital presence while investing in physical retail, with recent store openings in Westport and the Isle of Man, as well as its first NEXT concession at Lakeside Shopping Centre.
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The company invested US $ 69 million during the first half of the year, completing a three-year plan to enhance artisanal “Made in Italy” production.
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Industry observers note that questions remain over whether Skechers will maintain its current brand identity—centered on innovation and affordability—under its new ownership.
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Despite these setbacks, management said it intends to continue operations, shifting focus toward an "asset-light", license-driven brand strategy aimed at reducing the high costs tied to procurement, distribution, and retail operations.
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The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has outlined a strategic shift for the country’s ready-made garments (RMG) industry, emphasizing a move from primarily low-cost manufacturing to producing higher-value products for more sustainable growth.
