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Tirupur-based CS Textile is planning to expand its capacity and expects a growth of 35 per cent in its business. The company is an expert in knitted home furnishing products like dish clothes, tea towels, potholders, gloves, cushions, blankets, throws, net bags, pouf cushions, fitted sheets. Completing 15 years, the company currently has an overall capacity of more than 2 lakh pieces per month.
Having an almost equal share of home furnishing products and sweaters in the total business, CS Textile is planning to expand in both product categories. It will also invest in more advanced machinery for flat as well as circular knitting machines in near future. Further, the company is planning to apply for certification as it already follows all rules and buyers’ conditions of ethical working.
With significant thrust on advanced infrastructure, sustainability, product development and employee-friendly policies, the company uses 100 per cent cotton such as BCI and organic cotton, cotton viscose, mélange, wool, acrylic, and man-made fibre with cotton.
The 28th AGM of Tirupur Exporters’ Association (TEA) held recently expressed concerns over the challenges that the apparel industry has been facing both externally and domestically, which could be mitigated with the help of government support and efficiently running the units.
The total apparel exports from India was Rs107,679 crore in 2017-18, compared to Rs 116,508 crore in previous year 2016-17. The all India knitwear exports in 2017-18 declined to Rs 51,526 crore as against Rs 55,150 crore in 2016-17. During this period, Tirupur knitwear exports also declined to Rs 24,000 crore while the share of Tirupur knitwear exports was more or less stable at 46.58 per cent.
The most alarming factor in the last financial year was the continuous decline of exports since October 2017, after three months GST transition period, till March 2018. During this period, from October to March in 2017-18, knitwear exports declined 21 per cent to Rs 22, 317 crore from Rs 28,100 crore in the corresponding period in previous year 2016-17.
PVH Corporation will soon launch its heritage brand Izod in Europe. The launch will be supported by a focused regional marketing, PR and social influencer campaign, along with a shop in shop system in Spain with additional distribution within Europe, Russia and the Middle East region planned for Spring 2019.
Izod will launch the classic Fall/Winter 2018 American signature lifestyle collection with products including, shirts, polos, T-shirts, sweaters, heavy-weight knits, pants, denim and outdoors for customers in Spain, Germany, the Netherlands and Scandinavia.
The collection will celebrate the brand’s rich all-American heritage, inspired by Ivy league colleges, coastal towns and the grand inland scenery. It is made up of two key capsules: Winter Nautical, featuring college prep and nautical themes, and Explorer, for the quintessential winter look.
Launched in the 1930s, Izod is known for its youthful, energetic, sports-inspired styling. Its collections include men's classic, athletically inspired sportswear, golfwear, jeanswear and performance wear and luxury-style sport collections.
World Fashion Convention will be held in the Netherlands from October 8 to 10. It is organized by the International Apparel Federation (IAF). The convention attracts apparel industry leaders from across the supply chain, from all continents. The theme of this edition is Building a smart future for the fashion industry.
The three-day convention will show many inspiring examples of a smarter apparel supply chain. Top speakers from across the globe will cover the width of the supply chain, from raw materials to apparel sourcing and from production to retail trends. Speakers will provide a comprehensive vision for the future of the fashion industry. Delegates can learn, among many other things, how block chain enables transparency, how circular fashion requires systemic changes, how better buyer-supplier collaboration is achieved, what are the major current and future sourcing trends and which new fabrics are being developed. Delegates will get a wealth of insights, which is very important for defining a sound industry or company strategy.
Speakers include representatives from major brands such as Puma, Hugo Boss, Vivienne Westwood and VF Corporation. In a world where prices cannot drop much lower, boats cannot go much faster and people cannot work much harder, improvements are made only when the business is made smarter.
Planet Textiles will take place on June 22, 2019 in Barcelona, Spain. The main focus of Planet Textiles 2019 will be on environmental innovation and disruptive technologies. The aim is to get retailers and brands connect directly with dyeing machine builders, garment technology suppliers and weaving or knitting machine companies on the event show floor.
Planet Textiles every four years is the meeting point for the global textile industry. Many of the 1,600 exhibitors, from some 46 countries, tend to work on a four-year product development cycle to coincide with ITMA and next year innovations in sustainability and environmental technology will take center stage at the event.
Planet Textiles will once again be coordinated with the support of the Sustainable Apparel Coalition along with Fashion for Good, which will help to produce the popular Pitches for our Planet innovation series.
For the first time Planet Textiles will also help to coordinate curated tours of ITMA for delegates. Here, visitors will see new innovative new production technology that can significantly improve the environmental footprint of textile supply chains.
Visitors will be able to see first-hand the latest advances in dyeing and finishing, digital printing, fabric manufacture and garment construction as it happens in the workplace.
Three-day India Trade Fair will be held in Japan from September 19 to 21. The fair is aimed at promoting trade links between Japan and India in the fashion industry. It will bring together Indian readymade garment and accessory manufacturers and Japanese suppliers.
Around 90 businesses from India will attend the trade show and promote their products. The event will feature fashion and home ware in categories such as denim, finished garments, accessories, footwear, cushions, bed linens, and carpets.
The event is being hosted by the Japan India Industry Promotion Association (JIIPA) in partnership with a number of Indian associations including Apparel Export Promotion Council, Tirupur Exporters Association, Handloom Export Promotion Council, Indian Silk Export Promotion Council, and Cotton Textiles Export Promotion Council.
JIIPA is a Tokyo-based non-profit organisation affiliated with the Tokyo metropolitan government that works to promote trade between India and Japan. It collects and analyses information on Japanese and Indian industrial markets. The trade show is also in line with the Make in India campaign which aims at increasing domestic production, especially in the textile and apparel sector, as well as exports. The exhibition aims at sustainable development goals which apply to all nations.
Madewel, the flagship brand of J.Crew returned to positive comparable growth for the first time in four years in Q2 2018. The brand registered total revenues of $ 587.6 million for the second quarter of fiscal 2018 with comparable sales increasing by 5 per cent, following a 5 per cent decline in the prior-year period.
In the first half of fiscal 2018, the company’s revenues rose 3 per cent to $1.13 billion, while comparable sales increased by 3 per cent. Sales decreased 6 per cent to $820.7 million, with comps decreasing 3 per cent. Madewell’s sales increased 34 per cent to $237.5 million, reporting an increase in comps of 29 per cent.
Operating income of the company for the six-month period totaled $32.4 million, compared with an operating loss of $146.3 million in the prior-year period, while net loss came to $40.0 million, a significant improvement compared to the $139.5 million reported in the same period in the previous year.
Paytm Mall, the e-commerce venture backed by China's Alibaba Group, is planning to strengthen its partnerships with regional retailers as well as partner top online grocer BigBasket to compete with Walmart-controlled Flipkart and Amazon's local unit.
Patym Mall, owned by Paytm E-Commerce, is currently the third biggest player in India's rapidly-growing online retail space. The company already has a revenue sharing partnership with Future Retail, which owns hypermarket stores like Big Bazaar and fashion shops. Paytm Mall is also planning to buy a stake in another retailer or sell a stake in Paytm Mall if a strategic alignment was needed. The firm considers itself as a strong contender in India's e-commerce sector, which is tipped to grow to $200 billion in a decade and has attracted global investors such as China's Alibaba and Tencent, US hedge fund Tiger Global and Japan's SoftBank.
India will be the partner country at Ambiente 2019 fair, to be held in Frankfurt from February 8 to 12, 2019. The fair will be attended by around 8,000 exhibitors from across the globe, out of which 450 exhibitors will be from India. The Ministry of State for Textiles has stated 10 specialised handicraft artisans from the country will demonstrate their skills at the fair, adding that India is the second nation in Asia, after Japan, to become the partner country at Ambiente Fair. Indian exporters will get an opportunity to reach out to untapped global markets through participation in the fair.
Ambiente Frankfurt is one of the key international trade fairs dedicated to consumer goods. The trade show's highlights include the Design Plus awards; Ambiente Academy- a relatively new area revolving around the actual trends and perspectives in the consumer goods sector; Speed-Dating@Ambiente for short presentations on numerous innovations, and many more.
India’s share in total home textile exports to the US fell by a percentage point in the first five months of this year. Market share losses began to subside with cotton sheets gaining a foothold from June. Improving US retail sales have raised the prospects of a recovery in performance of home textile exporters. US retail sales are expected to increase at a minimum of 4.5 per cent over 2017.
Higher wages, gains in disposable income, a strong job market and record-high household net worth have all set the stage for very robust growth in the nation’s consumer-driven economy.
After a turbulent time in fiscal ’18, the market is gradually improving. Large retailers in the US have reported their best quarterly performances in recent years. This has created hope that measures taken by traditional retailers to combat industry changes (such as a consumer shift to online retail) are beginning to yield results.
Volume recovery should also translate into earnings. Despite healthy volume growth, Indo Count Industries and Welspun India’s earnings remained weak as reduction in export incentives, high cotton costs and low realizations impacted performance. The depreciating rupee may provide some relief. But obtaining quality cotton at benchmark rates can be a challenge given the pest attacks and reduced crop acreage.
