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Gujarat Industrial Development Corporation (GIDC) is setting up a vertical apparel park in Hanspura near Naroda in Gujarat. The park will house textile units and showrooms. It will spread over 6.40 hecatre and will be developed by a private agency.
M Thennarasan, Managing Director, GIDC says, the park will comprise various apparel units that will accommodate 50, 100, and 150 machines on each floor. It will be a G+3 strucuture housing about 15 units. It will generate employment for approximately 22,000 people. It will also house showrooms for textile companies to display their garments, adds Thennarasan. Other facilities to be included inside the park include crèche, training centre, warehouse, parking, canteen, and dormitory. The park will also have 12-metre wide roads along with landscaping and tree plantation. It will have two to three gates for entry and exit, adds Thannerasan.
Turkish denim mill Calik Denim has launched a new range of denim fabrics in its Fall/Winter 22-23 collection that has the potential to advance the industry’s sustainable transformation. Tolga Ozkurt, Deputy General Manager, informs, a 100 per cent recycled concept, RE/J, consists entirely of post- and pre-consumer waste. The range provides authentic vintage denim looks with varying elasticity by using fibers such as EcoMade Lycra and Repreve PES, both derived from recycled plastic bottles. The concept uses an open-end spinning process and utilizes Calik’s Dyepro technology, which uses no water and produces zero chemical waste during the dyeing process.
The company has also developed the E-Denim technology for incorporating high levels of recycled content into denim without sacrificing quality. The technology allows the mill to increase its total recycled content rate to 50 percent in stretch fabrics and 80 percent to 100 percent in rigid product groups. Calik has stated that the industry average currently hovers around 20 percent.
In addition, Calik Denim has signed the Denim Deal, an initiative launched at the end of 2020 to rally the industry toward circularity. The deal aims to set a new standard of using at least 5 percent recycled fibers in all denim products, and producing at least three million pairs of jeans with a minimum of 20 percent post-consumer recycled (PCR) content.
International denim trade show Kingpins will organize its physical edition in New York on December 5-6, 2021. The show’s European edition Kingpins Amsterdam will once again be held as a digital event, says Andrew Olah, Founder Kingpins.
As per reports by The Spin Off, the exhibition will have the same number of exhibitors like every year. It will include seminars, discussions focusing on sustainability. Olah opines, all industry shows in future will incorporate digital aspects. Kingpins’ new platform Kingpins Exchange will add more digitalized fabrics , accessories, trim, buttons and garments for its Amsterdam show. It already has over digitalized fabrics from over 50 denim mills.
Kingpins Show is a trade show for the denim industry. It is an information, ideas and innovation network for the denim and jeans supply chains. Since its first jeans supply chain launched in 2004 in New York, the show has grown in its mission to connect the community and take its concept around the world.
Year 2020-21 is likely to be known as a year of transformation in the history of Indian textile industry. As per Wazir Advisors report, in this year the value of domestic textile and apparel industry fell almost 30 per cent from $106 billion in 2019-20 to $75 billion in 2020-21. The industry is slowly recovering and is expected to grow at 10 per cent CAGR to reach $190 billion by 2025-26.
India currently exports textiles and apparels worth $28.4 billion. A 15 per cent decline in exports, since 2019-20. However, exports are expected to recover soon and grow at 11 per cent CAGR to reach $65 billion by 2025-26.
Cotton dominates natural fiber production
In 2019-20, India produced 9,279 kg of staple fibers. Of this, the production of natural fibers amounted to 7,514 kg. Cotton was most produced natural fiber during the year. In 2019-20, India produced 5,750 kg of cotton while production of wool was 45 kg and silk 36 kg.
India also produced 1,765 kg of manmade staple fibers during 2019-20. Majority of this was dominated by polyester which amounting to 1,085 kg. This was almost a 7 per cent annual increase from 1,347 kg in 2015-16. However, the highest increase in fiber production was recorded in viscose staple fibers whose production grew by 14 per cent from 342 kg in 2015-16 to 578 kg in 2019-20.
Manmade fiber exports amount to $503 million
In 2019-20, a base year for the textile and apparel industry, India exported fibers worth $1,891 million. Of this, the export value of natural fibers was $1,388 million while manmade staple fibers amounted to $503 million. In natural fibers, export of cotton fibers amounted to $1,057 million while that of silk amounted to $14 million and wool $26 million.
Polyester dominated India’s exports of manmade staple fibers in 2019-20. During the year, India exported polyester fibers worth $289 million while its exports of viscose fibers amounted to $148 million. Since the previous base year of 2015-16, India polyester staple fiber exports have grown by 10 per cent CAGR while viscose fiber exports have declined by 14 per cent CAGR.
India produced 5,713 million kg of total spun yarn in 2019-20. Of this, production of cotton spun yarn amounted to 3,996 million kg, constituting 71 per cent if total spun yarn production. India also produced 3,934 million kg of polyester filament yarn during the year. This is a 5 per cent CAGR growth from 2015-16. India exports yarns worth $4,813 million in 2019-20.
In 2019-20, India’s yarn exports stood at $4,813 million. Of this, export of spun yarns amounted to $3,593 million and export of manmade staple fiber yarns amounted to $1,162 million. Cotton yarns dominated spun yarn exports with $2,774 million worth of exports while the exported of manmade fibers was dominated by polyester filament yarn at $1,048 million.
Fabric exports grow by 1 per cent
India produced 7,436 million sq m of fabric in 2019-20. Its fabric production has grown at 2 per cent CAGR in the past five years. India’s fabric production from the decentralized sector has also grown at 5 per cent CAGR during the period while production from the mill sector has grown at 3 per cent CAGR.
India’s fabric exports grew by 1 per cent from 2015-16 to 2019-20. During the year, India exported fabrics worth $5,066 million. Of this, exports of woven fabrics amounted to $4,644 million while that of knitted fabrics amounted to $422 million.
Since 2015-16, India’s technical textiles market is estimated to have grown by 10 per cent CAGR to reach $20 billion in 2019-20. Exports of technical textiles exports grew by 12 per cent CAGR from 2015-16 to reach $2,423 million in 2019-20. However, the market is expected to have declined by 25 per cent to reach $15 billion in 2020-21.
The pandemic gave rise to many new styles of dressing. One such style that emerged was ‘business casual’ which saw employees dressing in pajamas, T-shirts, sweatpants and hoodies for work. Benjamin Scheider, Fashion & Analyst, Euromonitor International expects this relaxed dressing style to continue as employees increasingly adapt to a hybrid work culture. As per Scheider, lines between fashion and activewear will continue to blur as more consumers opt for relaxed athleisure styles over formal or trend driven products.
Comfort focus on drive loungewear market
As per Cotton Incorporated’s ‘Coronavirus Response Consumer Survey’, number of consumers wearing comfortable clothes has increased to 74 per cent
from 63 per cent before the pandemic. Almost 47 per cent respondents to the survey named T-shirts as their most worn apparel item during the pandemic, reports Live Mint. This was followed by sweatpants, sweatshirts or joggers, worn by 38 per cent respondents; denim jeans by 34 per cent, leggings, jeggings or yoga pants 29 per cent and athleisure shirts, pants or shorts by 25 per cent of consumers.
Retail market intelligence firm Edited expects this to drive growth in global lounge and sleepwear market. As per the firm, the loungewear market is expected to grow at 9 per cent CAGR to reach $19.5 billion in 2024. Hoodies, tees and co-ord sets will be the items that will be most in demand, says Krista Corrigan, Fashion and Retail Analyst, Edited.
In 2021, demand for women’s sweatpants increased 72 per cent, notes Corrigan. Demand for leggings in ribbed knit, split hem, and seamless styles also rose. In men’s, demand for graphic tees, sweatpants, and hoodies dominated markets
Cotton over other fibers
Around 84 per cent respondents to Cotton Incorporated Coronavirus Response Survey said they opted for comfortable clothes during the pandemic period. Around the same number of respondents opted for cotton clothes over those made from synthetic fabrics like polyester and nylon, reveals 2021 Cotton Incorporated Lifestyle Monitor™ Survey. Almost 4 out of 5 respondents said cotton is their favorite fiber to wear.
Around 42 per cent respondents said, they would opt for brands using cotton fibers in their T-shirts, denim jeans and casual apparels. Another 39 per cent said, they wouldn’t prefer brands substituting cotton with synthetic fibers in their activewear or formal wear. Majority of shoppers also expressed willingness to pay more to keep cotton garments over those made from other lower-priced manmade fibers.
To explore changing trends, brands need to focus on increasing the comfort quotient in their garments, says Carlo Buzasi, CEO and President, WGSN. They also need to make new connections with consumers to catalyze future growth opportunities.
Authentic Brands Group LLC, the owner of brands such as Brooks Brothers, Juicy Couture and Forever 21, plans to go public this year, reports Bloomsberg Quint.
The New York-based company has held discussions with potential advisers about an initial public offering. It plans to seek a valuation of about $10 billion when it goes public.
Founded and run by Jamie Salter, who hails from Canada, Authentic Brands snapped up a portfolio of more than 30 brands over the years including bankrupt Barneys New York. The company was valued at more than $4 billion in an $875 million investment by BlackRock Inc.’s private equity vehicle in 2019.
Brookfield Property Partners recently swapped its stake in Forever 21 for equity in Authentic Brands. Authentic Brands now owns the retailer with Simon Property Group.
Its latest deal was the acquisition this month of outerwear-maker Eddie Bauer from private equity firm Golden Gate Capital. It made the purchase along with SPARC LLC, its joint venture with Simon, the largest U.S. mall operator.
Authentic Brands is backed by investors including BlackRock Inc., General Atlantic and Leonard Green & Partners. Authentic Brands also owns Nautica, Jones New York and Lucky Brand.
Owned by M/s Stitched Textiles, Barcelona is leading the way for the textile industries.As per Business Standard, the brand aims to establish an empire in the world of textiles and fashion brands by establishing a retail network of franchises and distributors. In all, Barcelona will open 500 stores in the next one year.
Starting in 2015, Barcelona has successfully marked its presence by opening various stores in numerous cities of India like Ahmedabad, Vadodara, Indore, Jaipur, Bhopal, Ranchi, Kolhapur, Patna and many more. It now aims to target the Tier-II & Tier-III cities of India, wherein best quality and trendy apparels can be provided to the consumers in the most affordable range.
In the month of March’21, Barcelona opened 10 stores at a go in Rajasthan, despite of the challenging pandemic condition, the brand earmarked its presence even in such difficult times and hence we can surely imagine how skyrocketing the brand will reach once the situation gets aligned.
Zara owner Inditex plans to close its Venzuela stores as deal with Phoenix Worker Trade is being reevaluated. The closure is an effort on part of the company to expand its flagship stores. Inditex plans to close 1,200 stores by 2021-ends
Phoenix World Trade, a company based in Panama and controlled by Venezuelan businessman Camilo Ibrahim, took over operation of Inditex stores in the South American country in 2007. The company is re-evaluating the commercial presence of its franchise brands Zara, Bershka and Pull&Bear in Venezuela, to make it consistent with the new model of integration and digital transformation announced by Inditex.It has so far closed upto 700 stores in Europe as well as 100 in the Americas and 400 elsewhere in the world.
In at least three large Venezuelan malls, the spaces formerly occupied by Zara and Pull & Bear - another Inditex brand - are empty. The company also closed three stores in May.
To recover from the 18 per cent slump and enhance growth, Japan’s fast fashion brand Uniqlo plans to focus equally on e-commerce and physical store sales. The brand’s retail sales in the US fell almost 18 per cent in the year that ended August 2020. To emerge from this, the brand switched to making masks besides launching new products. It also launched a washable, high-performance mask with a built-in non-woven filter. Its business in China improved as economy reopened and coronavirus outbreaks were controlled.
In Q1 FY 2021, Uniqlo International’s operating profit surged by 9.50 per cent to 41.4 billion yen from the same period of FY 2020. Going forward, Uniqlo aims to dominate the Asian market including India, where it had launched its first store in 2019.
The Japanese casualwear manufacturer and retailer operates stores across the US, the UK, Singapore, China, India, Bangladesh, Canada, etc.
COVID has forced International Cotton Advisory Committee (ICAC) to postpone next World Cotton Research Conference to 2022. The conference has now been rescheduled from October 3 to 7, 2022, Egypt. The organizers plan to reconvene and evaluate the situation in March or April next year. They also plan to release research papers in June 2021 as Volume 1 and a new set of Proceedings – Volume 2 — during 2022 WCRC.
Formed in 1939, the ICAC is an association of cotton producing, consuming and trading countries. It acts as a catalyst for change by helping member countries maintain a healthy world cotton economy; provides transparency to the world cotton market by serving as a clearinghouse for technical information on cotton production; and serves as a forum for discussing cotton issues of international significance.
