JC Penney May Buy More from Central America

The rising costs in China have caused companies like this north American firm to look once again towards the isthmus to buy their clothing.

Thursday, May 24, 2012

Carlos Arias, president of the Committee on Textiles and Clothing (Vestex) of Guatemala, said during a forum at the latest Apparel Sourcing Show 2012, that JC Penney have indicated that their purchases from the isthmus will rise by 30%.

"They have been buying clothes from China, but costs have risen sharply and are now they are coming back", said Arias according to Prensalibre.com.

PVH, which sells clothing for Tommy Hilfiger, Calvin Klein and Heritage Brands, is another company possibly interested in increasing its orders from Guatemala, the report said. "Companies are more interested in the country following the announcement, during the fair, that it is to generate employment in rural areas, it bodes well," Arias said.

¿Busca soluciones de inteligencia comercial para su empresa?

More on this topic

Textile Industry: A decade of Good Numbers

February 2020

Between 2010 and 2019 exports of textile companies in Guatemala reported an average annual growth of 2%, a rise that is attributed to demand from companies in the United States.

According to figures from the Bank of Guatemala (Banguat), the manufacture of clothing items was the sector that generated more foreign exchange during the past year, as revenues amounted to $ 1,397 million.

Textiles in Guatemala: Business with China

May 2017

Companies in the Asian country are looking to provide Guatemalan textile workers with accessories, threads and synthetic fabrics with finishes.

Textile companies in Guatemala envisage the possibility of generating more value in their supply chain with products that can be provided by Chinese companies that specialize in accessories and other necessary inputs for the textile production chain.

Textiles and Supplies Market in Central America

September 2016

A report by the Business Intelligence Unit at CentralAmericaData.com notes that in 2015 Central American countries imported $318 million worth of yarns, filaments and textiles, led by El Salvador with $157 million.

El Salvador was the main importer of synthetic filaments, strips and materials similar to synthetic textiles last year, according to data on the Textiles and Raw Materials Market compiled by the Business Intelligence Unit at CentralAmericaData.com.

Costa Rica: Imports of Clothing and Raw Materials for Textiles

January 2015

Six companies lead the list of textile importers in the country, where 14% of total imports correspond to nonwoven man-made or synthetic fibres.

The Costa Rican Chamber of Importers reports that "... this type of fabric (nonwoven synthetic filaments), weighing only 25 grams or less per square meter is 12.5%, followed by dyed fabrics with 3.3%.