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Execs see tough half. (textile executives predict difficult last six months of 1993) (Textile Report)
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WWD
- Article date:
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July 13, 1993
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Copyright informationCOPYRIGHT 1993 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Textile executives do not expect business to improve significantly in the second half of 1993. The industry has been plagued by increasing imports, a slow domestic economy and unease surrounding the potential General Agreement on Tariffs and Trade and the North American Free Trade Agreement. Against this backdrop, however, cotton textiles, novelty fabrics and denim are growing categories. Rayon challis sales performed badly in Apr and May 1993, but some converters predict a turnaround at the end of summer 1993.
NEW YORK -- Getting through the next six months is going to require some stamina, say textile industry executives, as they push for advance business in an uncertain environment. ...
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