The yet to recover apparel business and fresh lockdowns in EU and US has led to a 40 per cent increase in Bangladesh’ yarn prices, says Md Fazlul Hoque, Managing Director, Plummy Fashions. As per Textile Today, prices are expected to stabilize in coming months with an increase in production. Demand is l... Read more
China is waking up to a new trend of luxury sportswear collaborations. This can be seen from the recent influx of collections for example, Dior x Descente collection, AK Skis, POC men’s collection for skiing, Prada and Adidas’ new collection for sailors and Jil Sander x Arc’teryx collection ... Read more
Aiming to achieve $39 billion in exports this year, the Vietnamese garment and textile industry has moved away from high-end apparels to mid-range and convenient products, says Vu Duc Giang, Chairman, Vietnam Textile and Apparel Association. Enterprises in the country are increasingly moving to making protect... Read more
COVID-19 has taught apparel retailers some very important lessons and that is: shifting retail online can be lucrative. Many retailers like China’s JD.com and India’s Arvind shifted operations to online platforms and emerged successfully from this crisis. Similarly, SMEs either ventured online on ... Read more
Though the pandemic affected the entire fashion sector, its impact on workers was massive. Halting of thousands in-progress or finished order by retailers led to revenues worth $22billion being stuck with brands, says Scott Nova, Executive Director, Workers Rights Consortium, a labor rights advocacy group. Th... Read more
The unlocking of Indian economy has helped revive demand for MMF fibers in the country. As a report by Textile Value Chain highlights, from October to December 2020, fall in MMF production was restricted to the range of 3 to 6 per cent as against a cumulative decline 18.2 per cent Y-o-Y during April-December ... Read more
As per Comtrade figures, till 2017 India was the world’s second largest exporter of textiles and clothing after China. However, since 2019, India’s rank dropped to 5th position with the country experiencing negative 1 per cent CAGR in the past five calendar years. Lack of total garment package so... Read more
Bangladesh is set to be the global recycling hub as fast-fashion brands like H&M and Target have collaborated to launch a new recycling initiative in the country. Spearheaded by the Global Fashion Agenda, this initiative brings together all industry players who aim to make Bangladesh a global leader in ap... Read more
The pandemic saw India emerge as the world’s second largest manufacturer of PPE kits, after China. The textile ministry encouraged many manufacturers to venture into PPE production essential for the fight against COVID-19, says a India Today report. Initially, manufacturers were apprehensive about enter... Read more
Even in an ultra-tough market, the digital world is helping fashion sector connect with customers, says Mark Sinnock, Chief Strategy Officer, Havas Group. Brands are introducing consumer engagement strategies to attract buyers to shop with them. They are also encouraging industry peers to work with Black-owne... Read more
COVID-19 has reemphasized the importance of quality, especially while buying FMCG products. Earlier, Indian consumers let discounts determine most of their purchase decisions. However, now they are looking for value-added products, says a report by Bengaluru-based research firm RedSeer Consulting. As per Busi... Read more
The British fashion industry is facing its toughest times as noted designers including JW Anderson, Erdem and Christopher Kane have opted out of this year’s London Fashion Week that begins today. And Burberry, which plans to participate in the show, will release only its menswear collection, deferring t... Read more
Luxe brand hunters in India have never had it so good with brands like Jimmy Choos available at price of a Zara handbag, and Rs 25,000 worth sunglasses from Tiffany & Co can be had for Rs 8,000 from Instagram thrift stores. The luxury resale market is proving to be a boon for shoppers with limited budgets... Read more
As was evident from the digital Milano Unica show held recently, COVID-19 failed to dampen the spirits of the Italian textile sector as brands continued to launch new eco-friendly collections. As per a Womens Wear Daily report, around 192 companies participated in the show held on the e-Milano Connect info-co... Read more
With consumer behavior undergoing mass transformation, the Indian retail sector has been most affected by COVID-19. But like a silver lining in dark clouds, the sector is likely to benefit from this development in the long run, says a report by the Economic Times. Rising safety concerns amid the pandemic has... Read more
Multiple changes made in India’s ecommerce FDI norms to promote domestic retailers in the past few years are causing roadblocks to global ecommerce companies like Jeff Bezos-owned Amazon and Walmart-owned Flipkart India’s ecommerce players are compelled to mention the ‘country of origin&rsqu... Read more
A new study by the World Federation of the Sporting Goods Industry and McKinsey & Company highlights supply chains as one of the main challenges for the sporting goods industry in 2021. Titled, ‘Sporting Goods 2021 – The Next Normal for an Industry in Flux’, the study says, for the first... Read more
As per a report by Unicommerce and Kearney, India’s e-commerce order value and gross merchandize value grew by 36 per cent and 30 per cent in the last quarter of 2020. However, the average order value was 5 per cent during the quarter as compared to the same period last year. Backbone of the retail ind... Read more
MAS Holdings earned about 11 per cent of its revenues from innovative products. Since 2013, the company has been launching many innovative products that blur the lines between apparel, healthcare and technology, says a report by Economy Plus. In 2013, it launched the SPRYNG device, a battery operated, smaller... Read more
Already an exporter of $45 million textile products to Pakistan annually, Chinese private undertaking Challenge Fashion now aims to set up a Special Economic Zone in Pakistan. As per a Pakistan Today Profit report, Challenge has many global clothing and accessories brands like adidas, Icebreaker, Polartec, Th... Read more
A recent Bain & Company report estimates Chinese consumers will account for 50 per cent of luxury sales by 2025. However, the report does not expect smaller luxury brands to grow as Chinese people do not prefer buying luxury items from small brands, says Elsepeth Cheug, Global BrandZ. Three years ago, Tm... Read more
Though relatively unknown, Nanjing based e-commerce platform Shein is ready to enter the mainstream fashion market. The Pearl River-based company, which recently bid for the ailing UK fashion group Arcadia, exports to almost 220 countries, reveals a Forbes report. It has websites across Europe, the Middle Eas... Read more
Before COVID-19, the Myanmar apparel sector employed over 700,000 workers in over 700 apparel factories. The sector created jobs faster than any other part of the economy, reports, International Labor Organization. However, pandemic-induced slowdown forced many factories to shut down and the recent military c... Read more
Global fashion industry’s addiction to synthetic fibers has doubled the use of polyester in the last 20 years. As per a Changing Markets Foundation report, polyester will account for 85 per cent of global use of synthetic fibers by 2030. Titled ‘Fossil Fashion: The Hidden Reliance of Fashion on Fo... Read more
Though experts believe that a circular European apparel industry has the capacity to lessen the impact of textile waste it produces, the idea has not been adopted by mainstream producers. As per a GreenBiz report, the European fashion industry fails to invest in circular projects. According to Conor Hartman, ... Read more
The acquisition of apparel retailer Aeropostale in 2016 led to a new trend of landlords acquiring tenants. In the past several months, the Simon Property Group has acquired a slew of retailers like the Lucky Brand, acquired in partnership with Authentic Brands. Brookfield Property Group took over the brand Fo... Read more
‘Retailers need to inform customers about the category of masks they are selling’
Bobby Arora, Director, Status Quo
“We wait for customers to come into our stores. At this moment it is important for every offline retailer to reach out to their customers and tell them about the new products they have started selling. They need to tempt and bring their customers to buy their product and when they buy they will obviously come in and buy more products. Sometimes even though we do not want to buy online but the continuous rotation of ads tempt us to buy the product but this doesn’t happen offline. In today’s situation retailers will have to adopt this approach of showing customers the products they need as it could be they are delaying the purchase of these products.”
Read Full Interview Here
“China’s superiority may remain unchanged even after COVID-19”
“Discount retailers and value-oriented brands stand to win”
“Deferral of some duty payments and import fees would provide needed liquidity”
‘Don’t use this opportunity to stitch up suppliers’
“Crisis presents opportunities, and we will be ready to act on those that make good strategic sense”
“Coronavirus lockdown has changed our lifestyles in ways that make buying new clothes particularly irrelevant”
‘India can take advantage of this situation and increase its textile exports’
“Buyers and Sellers should plan together to see how they can sustain”
‘We need to learn from this crisis and push ourselves to be self-dependent’
‘There is an opportunity for India as everyone will look for an alternative source’
‘Future apparel sale will depend on the sentiment that prevails after COVID-19’
“I do not think any country is equipped to replace China including India”
‘Once the country opens up, we will face severe worker issues’
In short to midterm, it would impact as there’s disruption in global supply chain
‘Once everything normalizes there will be a big momentum’
Spurring the biggest economic contraction since World War II, COVID-19 has hit every sector from finance to hospitality. Its discretionary nature makes the sector particularly vulnerable, say McKinsey... Read more
Top global brands/retailers have been flocking to Bangladesh for the quality of denim products at competitive prices. A new relatively new entrant in denim, Bangladesh expects strong demand for their ... Read more
Even before COVID-19 pandemic, most Western brands and retailers were struggling to survive. In the new millennium, brands and retailers increased their reach to new geographies by opening more and mo... Read more
Even as brick-and-mortar shut down, fashion firms can position themselves for recovery when the COVID-19 pandemic fades, says a McKinsey study. However, to achieve these objectives, firms need to firs... Read more
CANCEL the shipments, is not the right word at the moment, perhaps to HOLD could be more reasonable. Brands should stand by their commitments as their orders are already in process. This is the only ... Read more
ITMA has announced it will continue to present and share innovative manufacturing technology and materials with the industry at its 19th edition in Milan.... Read more
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
In conjunction with MEX Exhibition, Messe Frankfurt Trade Fairs India will hold Gartex Texprocess India as a hybrid event. The event will scheduled alongs... Read more
Kornit Digital reported revenues of $57.4 million in its third quartercompared to $47.3 million, net of $2.4 million attributed to the non-cash impact of ... Read more
To be held from March 9 to 12, 2021, FESPA Global Print and European Sign Expo 2021 are attracting a good line-up of exhibitors who are enthusiastic to en... Read more
The Pakistan-based textile mill Soorty recently achieved one gold certification... Read more
More than 500 global brands have committed to using the latest version of the H... Read more
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
Stoll plans to organize a webinar on March 22, 2021 through the online platform... Read more
The Uttar Pradesh (UP) Government has invited Vietnamese players to invest in t... Read more
Organised by environmental NGO Redress with Create Hong Kong of the Government ... Read more
Associated with Commonwealth Heads of Government Meeting (CHOGM), this year&rsq... Read more
Pakistan may allow cotton imports from India through land route as prospects of... Read more
France’s Vestiaire Collective has launched a new €178 million ($ 216... Read more
As per the Manufacturing Institute for Supply Management’s (ISM) ‘R... Read more
At the 15th Annual Conference of the China Textile Roundtable Forum hosted by t... Read more
The seventh edition of ITMA Asia + CITME will be held from June 12-16, 2021, in... Read more
India's largest single-roof state-of-the-art fabric processing facility, BRFL T... Read more
In a letter to Union Finance Minister, Nirmala Sitharaman, Andhra Pradesh Chamb... Read more
Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) ... Read more
GOTS certified facilities increased by 34 per cent in 2020 to 10,388. 16 GOTS A... Read more
Bangladesh has appealed against Jakarta's imposition of safeguard duty on expor... Read more
Global fashion brands are expected to grant Philippine garment factories new or... Read more
As per Asad Umar, Federal Minister for Planning, Development and Special Initia... Read more
A new report says, Brazil needs to build a more sustainable fashion supply chai... Read more
Textile/apparel trade show Première Vision Paris has reported that its D... Read more
IndustriALL Global Union affiliate the Southern African Clothing and Textile Wo... Read more
John Lewis & Partners plans to fund a three-year program run by the Sustain... Read more
Japanese apparel sales fell by 20 per cent in January on a year-on-year basis. ... Read more
The Indonesian Safeguards Committee (KPPI) recommended that the Indonesian gove... Read more
The Fashionist Virtual Fashion and Apparel fair organized by Osmanbey Textile E... Read more
American footwear, accessories and apparel group Steve Madden reported a 32.8 p... Read more
This year, the 36th IAF World Fashion Convention is set to take place in Antwer... Read more
This year, the 36th IAF World Fashion Convention is set to take place in Antwer... Read more
German sportswear giant Adidas has launched a new eco-friendly collection in pa... Read more
The number of GOTS certified facilities have grown by 34 per cent to 10,388 glo... Read more
A comprehensive online platform to connect the functional fabric industry and p... Read more
The Gujarat government has approved five big investment proposals worth Rs 6,00... Read more
Interest in the upcoming edition of ITMA 2023 remains high despite the ongoing ... Read more
Notwithstanding the significant impacts felt by retailers due to COVID-19, sour... Read more
Material innovation company Spinnova and the world’s largest wood pulp pr... Read more
The US embassy has appreciated the efforts by Cambodia’s Ministry of Labo... Read more