Sri Lanka Apparel Exports

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Sri Lanka: Sri Lanka’s apparel exports for April 2018 fell 4.2 percent from a year earlier, amid a fall in exports to the US. The Exports to the US fell 9.8 percent, to 138 million US dollars, data from the Joint Apparel Association Forum, while shipments to the European Union, increase 2.1 percent to 701 million rupees. Victoria’s Secret, a brand owned by US-based L Brands, that uses Sri Lanka as one of its key manufacturing bases has seen intense competition from rival brands and online sales.Sri Lanka: Sri Lanka’s apparel exports for April 2018 fell 4.2 percent from a year earlier, amid a fall in exports to the US. The Exports to the US fell 9.8 percent, to 138 million US dollars, data from the Joint Apparel Association Forum, while shipments to the European Union, increase 2.1 percent to 701 million rupees. Victoria’s Secret, a brand owned by US-based L Brands, that uses Sri Lanka as one of its key manufacturing bases has seen intense competition from rival brands and online sales.