Asset Based Lending Blog/News

Express Client Featured on The Steve Harvey Show

January 20, 2016 | Apparel Industry

Urban Intimates, a company founded and operated by wife and husband team Psyche and Vontoba Terry, is being showcased on The Steve Harvey Show today (EST 3pm – WNBC). Express Trade Capital has financed and supported the growth of Urban Intimates since early 2014. Psyche will appear and represent her line on the show. Today she […]

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Macy’s Announces Cuts After Brutal Holiday Season

January 8, 2016 | Apparel Industry

Sadie Keljikian, Express Trade Capital With overseas markets in turmoil on Wednesday Macy’s announced that approximately 4,500 jobs will be eliminated, roughly 3% of its total workforce, as part of a significant restructuring move. According to Macy’s, a surprisingly weak holiday season has hurt the business’s bottom line. The struggle to keep sales up has been felt […]

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China Fines International Shippers

December 30, 2015 | Shipping

Sadie Keljikian, Express Trade Capital After a year of investigations, China announced fines for eight international shipping companies for violating price fixing laws. The fines represent the most significant attempt by authorities to crack down on colluding in a sudden enforcement of an eight year old anti-monopoly law. According to the National Development and Reform Commission, or NDRC, […]

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Giving Data Credit Where Credit Is Due

December 29, 2015 | Lending

Drew Cohen, Express Trade Capital The nascent, burgeoning big data lending industry shows few signs of abating. For the foreseeable future, it will continue to complement, rather than supplant, traditional lenders. In the next five years, competition, as well as new oversight in the form of state and federal regulations and the expectant slew of […]

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Vietnam Climbs Garment Supply Chain

December 28, 2015 | Apparel Industry

Sadie Keljikian, Express Trade Capital After a prolonged malaise, Vietnam’s manufacturing industry has re-emerged as a significant player in the global clothing supply chain. For years, the Vietnamese garment industry has suffered a shortage of local raw materials stymieing opportunities for growth. For instance, its garment economy requires 400,000 tons of cotton for production per annum […]

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East Africa Gains Traction in the Garment Industry

December 14, 2015 | Apparel Industry

Sadie Keljikian, Express Trade Capital East Africa is slowly becoming a popular location for apparel sourcing. Two years ago, European companies including H&M, Primark, and Tesco began sourcing some of their casual wear from Ethiopia. Others in the industry quickly followed suit. East Africa recently gained additional attention due to the African Growth and Opportunity […]

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CBP Begins Third Phase of New GSP

December 10, 2015 | Government, Shipping

U.S. Customs and Border Protection (CBP) has entered the third phase of its renewed Generalized System of Preference (GSP) Retroactive Refund Processing. The system was enacted on July 29th, 2015 and remains in effect through December 31, 2017. During the third phase, importers can now initiate requests for refunds and submit them to CBP ports.

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Bangladesh Exports to U.S. Surge in September

November 5, 2015 | Apparel Industry

Mark Bienstock, Managing Director Bangladesh showed a significant turnaround in the level of exports to the USA in September.  Financial pressures regarding labor increases in China have forced many importers and retailers to focus on increasing their Bangladesh expansion. There is also higher confidence in Bangladeshi manufacturing since a number of enhancements have been made to […]

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International Carriers Anxious about Paris Climate Talks

November 4, 2015 | Shipping

Sadie Keljikian, Express Trade Capital The international shipping industry is preparing for a PR backlash and new rounds of taxes in the aftermath of the upcoming Paris Climate conference. The annual United Nations summit, which is set to take place November 30th through December 11th, seeks to analyze new data regarding climate change and propose policies to reduce […]

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