COVID-19 makes fashion industry more flexible and swift
Covid-19 is having a tremendous impact on the global textile and apparel industry. As Andreas Kelsch, Sales Director of Turkey-based Be Ma, reveals, be it at trade fairs, which are witnessing fewer visitors or production and delivery delays, the pandemic is impacting all aspects of business. Impact on the entire value... Read more
COVID-19 Fall Out: Major recession awaits global fashion and luxury br…
With the COVID-19 pandemic gaining momentum, the impact on fashion and luxury industry is likely to be more severe than was estimated earlier. As a recent analysis by Javier Seara, Partner and Managing Director, Global Sector Leader Fashion & Luxury, at Boston Consulting Group, reveals, compared to last year, globa... Read more
Time for brands to protect the industry by standing by their commitmen…
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 way partnerships work The least could be expected from brands and retailers is to come at discussion table , the moment... Read more
China’s Xinjiang, a fibre, yarn producing region struggles for downstr…
Xinjiang is China’s largest far-west region, where long staple cotton is most famous and region is witnessing very fast investment growth in spinning industry. On March 25, the Industrial Park Working Committee of China National Textile and Apparel Council organized an online podcast meeting to discuss the curren... Read more
COVID-19 Impact: Shanghai Fashion Week live streams world’s first onli…
Amid the global gloom of COVID-19 pandemic, the Shanghai Fashion Week (SHFW) is engaging hundreds of thousands of viewers through live streaming. One of the world's top runways, SHFW opened on Tuesday as planned after its counterparts in Europe were hit by the COVID-19 outbreak. The organisers took the bold step of mov... Read more
Global apparel supply chain bears the brunt of COVID-19 as exports fal…
Already, for the last few years, supply chain was shifting away from China to countries like Vietnam, Bangladesh, India, and Mexico. However, the outbreak of COVID-19 has accelerated this process despite China being on a road to recovery. Though China has the best infrastructure in the world to support large manufactu... Read more
China to ship first facemask machine to Italy
March 23, Beijing Chonglee Machinery Engineering Co.Ltd., a subsidiary to China Textile Academy, signed a business contract at its medical-purpose equipment and protective gear workshop to start up the export of its first batch of facemask lines to Italy. (Mr, Wang Xusheng{in the middle}, Vice Presid... Read more
Toppling Bangladesh, Vietnam to lead global RMG exports
Though, Bangladesh has become the second-largest garment exporter worldwide by grabbing 6.4 per cent market share, the country is soon likely to be overtaken by Vietnam, whose exports have been rising rapidly and the country expects its apparel shipments to cross $40 billion by the end of the year. However, to achieve ... Read more
Post Convid 19, denim industry to revaluate operations, focus on quali…
The global spread of Coronavirus (COVID-19) is continuously impacting the fashion industry. Besides other consequences the pandemic is having on the market, one major impact is on the development of new fabrics, styles and sales models. For instance, China-based jeans wear maker, Advance Denim recently introduced bio-a... Read more
Global cotton trade on decline amidst COVID-19
Uncertainty over the control of COVID-19 has led to a decline in trading in various industries as buyers are refraining from making new purchases. Especially cotton is nearing its lows of early December 2019, after a rally in January. Though in the last few weeks, sale and shipments of cotton have seen strong business ... Read more
COVID-19 slows down brick and mortar retail, online shopping gets a bo…
To help prevent the further outbreak of the COVID-19 epidemic, all global retailers like Glossier, Nike, Urban Outfitters, and Patagonia have indefinitely shut their stores. They have also updated their working policies to ease the strain on their staff. For instance, Starbucks has introduced a ‘catastrophe pay&r... Read more
US, EU buyers to stop buying Vietnamese goods
Many US and European Union (EU) partners have sent notices to Vietnamese garment and textile bu... Read more
India’s textile industry seeks $108 billion bailout package
India’s $108-billion textiles industry, which helps the likes of Gap and Macy’s sto... Read more
Sri Lanka apparel firms divert production to masks and protective equipment
Sri Lanka’s apparel sector has turned factories to make mask and protective equipment for... Read more
AAFA welcomes Senate’s $2 trillion war chest
The American Apparel and Footwear Association (AAFA) has welcomed US Senate approval of a S$2 t... Read more
Nike to emerge at a stronger competitive position post COVID-19: UBS
UBS analysts say Nike Inc. shoppers who couldn’t get to stores that were shuttered by the... Read more
Mothercare refocuses on brand management
Mothercare has substantially completed its transition to refocus on brand management and design... Read more
LVMH expects Q1 sales to decline by 20 per cent
Louis Vuitton owner LVMH could “accurately” calculate at this stage the impact of t... Read more
Technology takes lead in communication between brands, customers: GlobalDat…
According to GlobalData, with the COVID-19 pandemic putting a stop to all non-essential travel,... Read more
COVID-19: Indian exports to China, Hongkong to decline by 41%
Weighed by the impact of COVID-19 outbreak, India's exports to China and Hong Kong together slu... Read more
AEPC urges brands not to cancel orders
The Apparel Export Promotion Council (AEPC), which represents the interests of the garment indu... Read more
Technology takes lead in communication between brands, customers: GlobalDat…
According to GlobalData, with the COVID-19 pandemic putting a stop to all non-essential travel,... Read more
COVID-19: Indian exports to China, Hongkong to decline by 41%
Weighed by the impact of COVID-19 outbreak, India's exports to China and Hong Kong together slu... Read more
AEPC urges brands not to cancel orders
The Apparel Export Promotion Council (AEPC), which represents the interests of the garment indu... Read more
Fashion retailers cancel orders worth $3 bilion: BGMEA
According to the data by BGMEA, fashion retailers have cancelled or put on hold more than $3 bi... Read more
Reliance Industries donates Rs. 500 crore to PM Cares Fund
Reliance Industries has announced a donation of Rs. 500 crore to PM Cares Fund in response to t... Read more
Italy fashion brands demand suspension of land lease for retailers
Confindustria Moda, an organisation representing the Italian fashion industry, has asked commer... Read more