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US functional fabric fair powered by Performance Days, will take place from July 23-24 July, at the Javits Center in New York. The two day fair, has attracted a strong combination of top textiles manufacturers, suppliers and service providers, along with top sports fashion designers, product managers, purchasing agents, and textiles decision makers representing active clothing and functional wear manufacturers.
Around 70 companies are exhibiting and more than 400 attendees from 12 countries have registered for the Functional Fabric Fair powered by Performance Days. Held in the River View Galleria of the Javits the event will showcase latest trends in fabric development for the functional textiles industry and offer a sourcing marketplace for high performance functional fabrics and accessories. Functional Fabric Fair powered by Performance Days is staged during New York Market Week and co-located with multiple fashion market events at the Javits Center.
Exhibiting companies will present functional fabrics, branded technologies, treatments, laminates, paddings, finishes, and accessories such as yarns, tapes, prints, buttons and zippers. The inaugural event also includes complimentary workshops, industry presentations and professional networking and matchmaking programs.
Exports of textile and wooden jackets were 57.37 per cent of the total export value of Central Java during January-May 2018. Textile products contributed 41.68 per cent and wood contributed 15.69 per cent. The export value of Central Java in May, increased 10.02 per cent year on year. Cumulatively the export value in January-May 2018 rose 13.80 per cent from the corresponding period in the previous year.
The main export destinations during January-May 2018 were the United States, Japan and China. Exports to these three countries from January to May 2018 were 46.88 per cent of Central Java’s exports during this period. Exports from Central Java to the Asean region from January to May 2018 was 10.13 per cent of the total exports. Exports to the EU region were 13.45 per cent.
Central Java Province, is one of Indonesia’s tourist destinations, which offers various kinds of tourist attractions whether natural, cultural, or manmade. Central Java is the island’s cultural, geographic, and historic heartland. Universities, dance schools, pottery, handicrafts, textiles and carving give the region a rich culture and interesting shopping. The cool slopes nestles numerous hill resorts.
HGH India is on in Mumbai from July 3 to July 5. This is a trade show for home textiles, home décor, gifts and houseware. It offers an opportunity to source world-class merchandise. The show is witnessing more than 550 brands and 100 exhibitors from 30 countries. They are showcasing their latest designs and product innovations. Approximately 35,000 buyers, specifiers and decision makers are expected.
HGH India has grown almost 40 per cent since last year with 600 manufacturers and brands. India is in a position to promote the home textiles industry as tastes are evolving and becoming more trendy and fashionable. The Trend Pavilion at HGH is particularly important as it sets the theme for home textile and décor trends for the Indian market. Under the theme Indian heritage, HGH India 2018 is promoting handicrafts, khadi, coir and jute products, all of which are a part of India’s rich cultural heritage.
Export Promotion Council for Handicrafts, Handicrafts Mega Cluster Mission, Council of Handicrafts Development Corporation, Kashmir Chamber of Commerce and Ministry, National Jute Board and many more are present at HGH India 2018 to exhibit their high quality products.
This year’s home trends are presented under the theme Transition, which forecasts the Indian domestic market for 2018-19.
Intertextile Pavilion Shenzhen will be held in China, July 5 to 7, 2018. Thousands of big-name Chinese and global fashion brands will come together to source the highest quality apparel fabrics and accessories brought by a total of 968 exhibitors from 12 countries and regions, including China, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Taiwan, Thailand, Turkey and the UK. Buyers will have around 38 per cent more suppliers to source from this year.
Innocence Couture from India will exhibit crafted embroideries, zari/tambour beading embroideries and fabrics for wedding dresses, evening gowns and luxury ladies’ wear. UPW from Hong Kong will feature products ranging from woolen spun, semi-worsted and fancy twisted yarns that are all produced in their own facilities. As one of the leading yarn mills with stock service supported, the company’s products are design-led with massive stock holdings of colors and qualities.
Intertextile Pavilion Shenzhen has established itself as the go-to platform for the Chinese women’s wear sector due to its location in the country’s fashion industry capital, while it is being increasingly used by suppliers from around Asia, in particular Japan, Korea and Taiwan, to gain access to all the big Chinese and global retailers who source at the fair.
As per DHL Global Trade Barometer figures, India’s trade growth in the third quarter will continue to exceed that of the world’s largest economies at 79 points despite a slight decrease in the pace of growth. This growth is driven primarily by air imports in high technology, machinery parts and industrial raw materials, and air exports for chemicals & products and consumer fashion goods are expected to also perform well. Ocean trade shows robust growth on both the import and export fronts, with industrial raw materials driving the positive outlook for ocean exports. Basic raw materials and high technology chemicals & products are expected to drive the import demand.
Developed jointly by DHL and Accenture, the DHL Global Trade Barometer provides a quarterly outlook on future trade, taking into consideration the import and export data of seven large economies: China, South Korea, Germany, India, Japan, the United Kingdom, and the United States. Together, these countries account for 75 percent of world trade, making their aggregated data an effective bellwether for near-term predictions on global trade. The DHL Global Trade Barometer, which assesses commodities that serve as the basis for further industrial production, predicts that global trade will continue to grow in the next three months, despite slight losses in momentum.
The European Union (EU) Commission is investigating the proposed acquisition of Solvay’s global nylon business by BASF, under the EU Merger Regulation. The Commission is worried as the merger may reduce competition in supply of key inputs in the nylon production chain. The proposed transaction involves Solvay and BASF, two companies active in the nylon industry, where both manufacture nylon compounds and nylon fibres.
The transaction is likely to create an important player in the nylon compounds market with a market size almost double that of the closest competitor. The merged entity would also control substantial parts of the merchant markets and of the production capacities at all levels of the nylon production chain. Moreover, no other player would be similarly fully integrated in the production chain. Competitors will thus depend on the merged entity to continue to supply them with one or more essential inputs.
A steady flow of store closings and unenticing merchandise is battering specialty apparel and department store stocks. Recently, Goldman Sachs analyst Alexandra Walvis initiated coverage of Tapestry Inc., Tiffany & Co. and VF Corp. with a buy rating. Several days before that, UBS had initiated coverage on a basket of nearly two dozen apparel and accessories stocks, including buy ratings on the likes of Nordstrom Inc. and American Eagle Outfitters Inc.
And earlier in June, Omar Saad of Evercore ISI closed short positions in Kohl’s Corp. and Dick’s Sporting Goods Inc, and offered a rosy view on the prospects of Macy’s Inc.The biggest challenge for apparel retailers in recent years hasn’t been a failure to adapt to Amazon.com rather it’s a different kind of online challenge. Social media and live-streamed runway shows have meant that shoppers see new styles faster than ever before.
As per a Euromonitor forecast, China is expected to overtake United States to become the largest apparel market by 2019 globally. Keeping pace with this, Bangladesh has been making steady inroads into China. In 2016-17, the country’s apparel export to China witnessed a significant rise of around 14.77 per cent Y-o-Y to reach around $400 million.
However, from July to March 2018, earnings slipped marginally by 5.65 per cent to touch $269 million, compared to what was $285 million in the corresponding period of previous year. China slashing tariffs on imports from five Asian countries is seen as a move to strengthen its defence in the ongoing ‘trade war’ with the United States. But Beijing’s move has opened up a new window of opportunity for Bangladesh. While Macro Style has prominently included China in its future scheme, BGMEA hopes to find some space in the Chinese market.
Birla Cellulose has partnered Ankur Textiles, women’s wear division of Arvind Limited, to launch a wide range of Liva fabrics with 100 per cent modal and 100 per cent viscose blends for womenswear. This multi-fibre fabric is an alternate to the traditional fabric for new age Indian women who deserve high position as well as comfort in her apparel needs.
Liva range of fabrics is introduced under Ankur Textile fabric brands - Zoya, Blossom and Glam & Glory. This range has been carefully crafted to meet the requirement of western and ethnic womenswear. These fabrics will be available across retail points throughout the country in a range of colours, textures and prints. This will enable not just the retail consumers but boutique owners, designers, small retailers to access Liva’s fluid fabric to create their own fluid designers.
Bangladesh readymade garment workers and labour leaders are optimistic about the new wage board becoming a reality. The government is expected to form the Minimum Wage Board for reviewing remunerations of the workers by the end of this month. Additionally, Bangladesh Labour Ministry is scheduled to hold a meeting on July 8 to finalise the process while factory owners’ associations and workers’ organisations have already sent names of their representatives to the Ministry for the Board.
The workers’ representative at the board are expected to place recommendation for a new minimum pay structure which is unlikely to be less than Taka 16,000 as per demands surfacing through the last six months, since the formation of the wage board on January 31.
Meanwhile, Clothing and Garment Workers League President Kamrul Anam urged buyers to share the responsibility to ensure fair living wages for the readymade garment workers so that they can live a decent life. BGMEA previously said the new pay structure would reflect both the requirements of a garments worker and the capacity of an owner. They have already ruled out the possibility of Taka 16,000 as the new wage structure, saying it is an impossible demand.
