NEW YORK – Threatened by Congress and restrained by a new set of quotas, China has taken some blows, but is still poised to strengthen its lead as the number-one producer of textiles and apparel shipped to the U.S.
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Still, the restraints on China have opened up an opportunity for other countries, such as India, to develop their industries, beef up their infrastructures and become more important sources of apparel bound for the U.S.
“It continues to be a buyer’s market,” said Bob Zane, senior vice president at Liz Claiborne Inc. “Lots of product is available from lots of different sources, and many of the [factories] continue to solicit business by offering better conditions and more services.”
For complete coverage, see tomorrow’s WWD.