Word: garments
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Dates: during 1960-1969
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What kind of market awaits U.S. retailers in the 1960s? A luxury market, bigger and fancier than anyone dreamed possible a few years ago, says Andrew Goodman, 52, boss of Manhattan's elegant Bergdorf Goodman specialty store. Said Goodman, in a speech to the Garment Salesmen's Guild in Manhattan last week: "No longer is good taste the exclusive property of the few or the rich. During the next decade, price will cease to be the major criterion for larger and larger sections of the population. The new criterion will be style and taste...
...their pre-spring shopping spree, more than 4,400 buyers went to Manhattan last week, saw the new 1960 fashions-and were conquered. Eagerly they hustled up and down from one S.R.O. showroom to another in Manhattan's garment district, where as many as 45 showings per day crammed the schedule. The designers played up what the fashion buffs call "wearability" (sensible clothes that fit in pretty well with any style or season) and "packability" (fresh emphasis on lightweight and non-crush, drip-dry convenience fabrics). There was a smart swing to dresses made from printed scarf material, dresses...
...Hong Kong, the newly formed Hong Kong Garment Manufacturers (for the U.S.A.) Assoc., fearful of U.S. tariffs against their ever increasing garment exports, set up a voluntary three-year quota system for shipments of cotton goods to the U.S. (TIME, Dec. 14). With the blessing of the colony's government, the new restrictions limit 1960 exports to the U.S. to the 1959 figures plus a 15% increase; in each of the next two years, there would be an additional 10% increase...
Hong Kong's quota restrictions raised a furor in both the crown colony and the U.S. Many of the garment manufacturers are bitterly opposed to the restrictions set up by the Garment Manufacturers' Assoc., which, however, does include 85% of all the manufacturers exporting to the U.S. But, says one exporter realistically: "Put us out of work with high tariffs and you hand the colony to the Reds...
...garment manufacturers are not impressed by Hong Kong's voluntary quotas. "We're interested in U.S. control, not what Hong Kong tells us that they are going to ship," said one garment-industry official. The U.S. garment industry feels that other low-wage countries will follow Hong Kong's earlier example in sending quota-free cotton goods to the U.S., knocking the bottom out of many products of the U.S. textile industry. Thus, despite Hong Kong's restrictions, U.S. garment makers will continue to lobby for tighter legislative restrictions on garment imports into...