The cotton market in the USA continues to exhibit a puzzling trend, with prices trapped within a narrow range despite a surge in export sales. Despite the ongoing movement of U.S. cotton abroad, there has been no discernible improvement in demand, leaving prices stagnant within the six-cent range of 77-83 cents. The persistent lack of demand poses a challenge to market dynamics, raising concerns among industry stakeholders.
Express, Inc. (OTC PINK: EXPR) has recently disclosed its receipt of a non-binding letter of intent from a consortium led by WHP Global (“WHP”), along with the participation of a wholly owned indirect subsidiary of Simon Property Group, L. P. (“Simon”) and Brookfield Properties (“Brookfield”), for the potential sale of a significant majority of the Company’s retail stores and operations.
The National Council of Textile Organizations (NCTO) has welcomed the appointment of Katherine White as the Chief Textiles and Apparel Negotiator for the U.S. Trade Representative’s Office (USTR), hailing her as an exemplary choice for the crucial position. In a statement issued by NCTO President and CEO Kim Glas, Katherine White's appointment was celebrated as a significant step forward for the textile industry. White's extensive background in manufacturing policy and expertise in textile-related trade issues, highlighted by her previous roles as an International Trade Policy Advisor on the House Ways and Means Committee, as well as positions at the U.S. Department of Commerce and the White House, positions her as an ideal candidate for the role.
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