A YANGON factory that supplies footwear to global sportswear giant Adidas has shut down after refusing to comply with an Arbitration Council ruling to reinstate a sacked workplace union member, leaving more than 700 workers jobless. The decision by the Shyang Jhuo Yue Co Ltd shoe factory to lock out its workers is in breach […]
Myanmar Shoppers Spend $90,000 in 1 Hour During Alibaba’s ‘11.11’ Online Sale
November 19, 2018 by
The local unit of Chinese e-commerce giant Alibaba Group sold over $90,000 worth of goods in the first hour of its first-ever online sale aimed at Myanmar shoppers on Sunday. The local version of Alibaba’s global “11.11” online sale was conducted by Myanmar’s biggest online shopping platform, SHOP.com.mm. SHOP said in a statement that over […]
Consumer Spending and Poor Online Shopping Rates Push Retail Space to the Brink
September 8, 2016 by
Retail space in Yangon is getting sparse as more stores, both local and foreign, establish themselves in the city to cater to the growing middle class’ retail shopping needs. Shopping malls across the city have and continue to upgrade in anticipation of new projects as consumer spending in Myanmar continues to increase and caters to […]
Myanmar adds new factory per week as textile sector booms
May 4, 2015 by
The international textile sector has discovered Myanmar. Low wages, plentiful labour and an image problem in neighbouring Bangladesh after the 2013 Rana Plaza building collapse have all boosted the emerging country’s chances. Yangon- Green collars piled to one side, white polo shirts to the other – the young woman handles them with practised ease, creating […]
Myanmar an option for Indian textile entrepreneurs
February 20, 2015 by
Favourable government policies, low wages, shorter sea route and growing garment exports make Myanmar an attractive option for Indian textile entrepreneurs, says Rajesh Kumar Shah The garment sector in Myanmar has grown enormously since the lifting of economic sanctions by Western nations in 2012, after a gap of 15 years. Today, it employs over 250,000 […]
Adidas Starts Sourcing from Myanmar
February 19, 2015 by
Myanmar has made its first appearance in the German sportswear retailer Adidas Group’s recently published Global Factory List, a list of all factories which manufacture products for the group. With the lifting of international trade sanctions against Myanmar, the garment industry has seen a boom in investments. American clothing giant GAP in June last year […]
Branded footwear maker plans operation in Myanmar
December 5, 2014 by
Taiwan-based Pou Chen Group, the world’s largest contract manufacturer of footwear by shipments, will invest US$100 million to set up a manufacturing base in Myanmar, the company’s Myanmar director said. Ou Chin-Nan said the footwear factory would manufacture internationally known brands – Adidas and Nike – for export. Located in Yangon, the new plant will […]
