FW
Sri Lanka’s apparel exports grew 2.8 per cent in November 2019. This is due to an increase in production capacity and a re-routing of supply chains amid the US-China trade war. The trade war to some extent helped with orders diverted to Sri Lanka. Apparel exports to the European Union grew 10.99 per cent in November 2019 compared to the same period in 2018. Sri Lanka’s total apparel exports from January to November 2019 grew 5.8 per cent. Apparel exports to the EU from January to November 2019 rose 5.7 per cent.
Exports to the EU have increased with continued leverage of GSP Plus preferential tariff benefits and market certainty with Brexit coming to a conclusion. However, Sri Lanka’s exports to the US in November fell 4.8 per cent though exports to the US for the period January to November 2019 recorded a growth of 3.7 per cent. The fall in exports to the US in November was due to continuous slowdown in sales of Victoria’s Secret, which is a large customer of Sri Lanka. Victoria’s Secret posted a seven per cent fall in same-store sales in the US and Canada in the third quarter. Victoria’s Secret has been bleeding sales and divesting its brand portfolio due to changing consumer tastes.
The International Cotton Conference will be held in Germany from March 25 to 27, 2020. Up to 500 participants from all continents of the world are expected, with science and trade equally represented. The conference will begin with keynote speakers focusing on the status quo and the challenges of the cotton industry. One topic will be the circular economy. The conference will be dealing with the life cycle of natural and renewable raw materials in the sense of a circular economy. Forms of growing raw material, of processing the raw material and its reusability in the sense of resource conservation will be procedurally looked at. For the first time, a guest country will be presented at the upcoming conference. Ethiopia has been chosen as a country where cotton is produced as well as processed. The focus is directed at a developing or emerging country where much has been recently brought on the way in order to further develop existing structures in cotton growing and cotton processing in a positive way.
Professionals from trade, acquisition, design, product management or textile engineering of cotton will get a first-hand inside view of the global cotton and textile industry. There will be lectures on topics relevant to the supply chain.
India hopes to triple its textile and apparel exports by 2024-25. The country now has a five per cent market share globally and the target is to reach 15 per cent. The textile and apparel industry contributes 2.3 per cent to India’s GDP and accounts for 13 per cent of industrial production and 12 per cent of the country’s export earnings. It is the second largest employer in the country providing employment to 45 million people at present, and this number is expected to rise to 55 million people by the end of 2020. India is the largest producer of cotton and jute in the world, and the second largest producer of polyester, silk and fiber.
Indian exports are not competitive. Textiles from India are around ten per cent costlier than textiles from other countries. Also Bangladesh, Sri Lanka and Vietnam have low production costs and their exporters enjoy preferential duty access to key markets. In comparison Indian exporters face higher trade barriers in the US and the European Union. Bangladesh’s exports to the EU face zero per cent tariff and exports to the US face 3.9 per cent tariff. Indian textile exports face six per cent tariff in the EU and 6.2 per cent tariff in the US.
Bangladesh’s apparel shipments to the United States edged up in the first 11 months of 2019 by 9.47 per cent. Primarily, the tariff war between the US and China played a vital role in raising shipments to the US. China, the largest apparel supplier to the US, saw its shipments slump during the period, in what can be viewed as a direct impact of the 25 per cent tariff. US total imports from the world have been declining since September but have been increasing from Bangladesh. However, US garment shipments from India and Vietnam, both Bangladesh’s competitors in the global apparel trade, has also grown.
The US is Bangladesh’s main export destination for apparel. And the country’s shipments to the US increased just nominally in the first two weeks of 2020. The average price of Bangladesh garment products though has decreased 4.50 per cent from a year earlier. Bangladesh’s earnings from garment exports are on the slow lane due to the appreciation of the currency against the dollar, the lack of diversified products and the rise of other competing countries, particularly of Vietnam and Cambodia. Between the months of July and December 2019 Bangladesh’s apparel shipments fell 6.21 per cent.
"Disney fashion was the exclusive prerogative of kids not so long ago but today, even fashion-conscious youngsters are choosing to wear Disney inspired apparels and accessories. Having seen the market potential Gucci at a recent runway show held at Le Palace in Paris by unveiled a $4,500 plastic purse shaped in the form of Mickey Mouse’s head as a part of its Spring/Summer 2019 collection. This ode by Gucci to Mickey Mouse was an attempt to widen its reach to individuals of all ages and income groups Thanks to its arsenal of licensed goods and the third party products that bear the names and images of the assets under its umbrella, the brand is able to cater to wide pool of consumers."
Disney fashion was the exclusive prerogative of kids not so long ago but today, even fashion-conscious youngsters are choosing to wear Disney inspired apparels and accessories. Having seen the market potential Gucci at a recent runway show held at Le Palace in Paris by unveiled a $4,500 plastic purse shaped in the form of Mickey Mouse’s head as a part of its Spring/Summer 2019 collection. This ode by Gucci to Mickey Mouse was an attempt to widen its reach to individuals of all ages and income groups Thanks to its arsenal of licensed goods and the third party products that bear the names and images of the assets under its umbrella, the brand is able to cater to wide pool of consumers.
Licensing deals give intellectual property rights to brands
Disney licensed goods are incepted from the various deals the Walt Disney Company forms with brands that give them the right to use its intellectual
property in exchange for a lump sum and royalty payment based on sales of these goods. These products are a big draw amongst consumers and generated nearly $60 billion in retail sales in 2018. The California-headquartered company’s princess merchandise ranging– from dolls and toys to clothing and home décor – is a $5.5 billion enterprise and Disney’s second-most-profitable franchise. Similarly its licensed Frozen franchise sold $531 million worth of dolls and dresses in 2014.
However, according to Bloomberg, even this frenzy for Frozen products could not usurp the power of Disney’s top seller Mickey Mouse which raked in almost $1 million a year in sales within just five years of its debut in Walt Disney’s 1928 animated short film Steamboat Willie. Since then, Disney has added many new assets to its portfolio, some of them created in-house while others acquired. The company’s licensing deals with Star Wars in 2015 generated $5 billion in 2016.
Deals help Disney set new fashion examples
The deals also enabled Disney to amass a large pool of license-able assets, from the wildly valuable Star Wars trademarks to the names of its characters and their copyright and trademark-protected appearance. Star Wars specific elements were later translated into high fashion examples by brands and designers like the London based label Preen and designers Kate and Laura Mulleavy who imbued the classic Star Wars imagery into their creations such as t-shirts from Hot Topic and Target, alike.
By acquiring Lucasfilm, Disney not just gained rights to the characters and insignia associated with the iconic “space-opera” franchise, but also gobbled up the company that was responsible for transforming the market for movie merchandise since 1977. Its deal with Star Wars aims to focus on selling its goods to fans of the franchise no matter their age.
Besides introducing and/or acquiring new blockbuster franchises, Disney also employs an extensive network of marketing gurus who come up with new ideas to maintain the brand’s relevancy. And Disney relies heavily on its licensing partnerships with brands like Gucci, Sephora or Supreme to ensure the enduring relevance of its intellectual property assets over time. Though toys are still its top selling products, Disney’s sale of licensed apparels is also strong which reitereate the fact that fashion-centric deals are among some of the most lucrative in the licensing space.
Emerging innovations in the fashion sector are the result of a close exchange between creative minds and experts with ideas and visions. It is said to be the reason why Interfilière offers with Innovative co-working a new platform for an individual get-together from January 18th to 20th 2020 in Paris.
The brand strategists, staff members of start-ups and designer Entrepreneurs have the possibility to start conversations with the top-level trendsetters from all fields of the textile supply chain. One of the innovative partners for an efficient in brainstorming is KARL MAYER, a pioneer in textile machinery building, who increasingly also develops textile product concepts.
In the last few months, KARL MAYER is focusing on the topics of Electronic Wearable, Bodymapping for Sportswear, One-Piece Creations for Lingerie and Genre-Mix, especially the combination of Lingerie and Swimwear with Athleisure. The developed styles and concepts already met with a great response at different trade fairs. In Paris also the company is looking forward to having many interesting conversations in this respect about the fashion topics, on which the visitors have the right to expect valuable inspirations and latest information.
In particular the lingerie business provides diverse development potential due to the know-how transfer, especially from the sportswear industry with its high demands on the function of clothing.
Recent study titled, Global Digital Textile Printing Machine Market (GDTPMM) which enables detailed statistical analysis and highlights market tweaks and trends that provide a holistic picture of the industry. The report mainly classifies methodical outlook of the industry by focusing on key components impacting the industry such as Digital Textile Printing Machine market growth, competitive landscape, emerging trends and industry cost structures during the forecast period.
The Global Digital Textile Printing Machine Market 2019 report includes every aspect of the Digital Textile Printing Machine industry along with the progress performance. It evaluates the past and current Digital Textile Printing Machine market values as well as pristine study of the Digital Textile Printing Machine market to predict future market directions between the forecast periods from 2019 to 2025 providing you with vital data for your business decisions.
As per Vogue Business report, already trending in Japan, beauty resale is primed to take off in Western markets, reports contributing Editor Jessica Schiffer. The younger customers are drawn by the lower costs of pre-owned goods, but many also flock to the likes of Ebay and Glambot for the chance to acquire sold-out, limited-edition goods. Other shoppers still have thoughts about hygiene and product authenticity Ebay says it relies on a mix of company and user policing but some resale platforms have developed cleaning solutions to assuage such worries.
Further on, consumer pressure is forcing shoe brands beyond environment-oriented startups like Allbirds and Rothy’s to invest in going green, but while the learning curve is relatively straightforward for casual footwear brands, it’s a different case for brands reliant on animal skins.
There are no clear growth figures for the beauty resale market. But it has expanded slower than the apparel resale market, which has been propelled by the rise of digital platforms according to GlobalData. Increased interest in the beauty category can be attributed to the fashion resale boom
However, not everyone is sold on the idea that this market will eventually lead to sales for the original brands, with some analysts seeing it more as savvy marketing from resellers than the reality. One incentive, instead, is an association with the eco-friendly aspect of resale. In the survey done by Ipsos, 29 per cent of people interested in shopping resale reported that they did it to be less wasteful, while 25 per cent saw the choice as good for the environment.
The binding threads is about modern Indian dressing with a hint of ethnic identity. As our first collection, Chhaap was about deriving inspiration from its fabric, chanderi. We adopted a communication that speaks for the fabric itself. The main idea behind the name satisfies two purposes the chanderi fabric has a form of printography and when you wear it you leave a mind print, an impression on people with your dress sense.
The brand is not constrained to the attires which can be only worn on certain occasions but it is something that women can wear on a daily basis as well. Our brand is for those modern women who prefer to wear comfortable ethnic clothes without compromising authenticity.
The brand strives to create a position for itself in the world of Indian fashion and to be recognized as a brand who provides trendy yet c purpose is to serve modern Indian dressing with a hint of ethnic identity. The smallest of the block, the tiniest preposition that creates a cloth-thread. The Binding Threads as a name justifies the culturally ingrained and gives importance to the fabric in its entirety.
Retail consumption in Saudi Arabia has slowed. In the first quarter of 2019, retail sales decreased 0.5 per cent and in the second quarter barely rose 5.2 per cent in comparison to the same period of the previous year. In recent years, the market has begun to dampen, weighed down by oil prices, which it depends greatly on. Retail faces its own challenges. Although incomes have fallen, labor costs have risen due to new administrative fees and the reduction of energy subventions. Clothing, automobile, furniture and household utensils stores are forced to ensure that 70 per cent of their employees are Saudi nationals. There has been an increase in closures of wholesale and retail companies. Although few retail companies in the region are listed, those that do publish their results have seen deteriorating results. On a positive note, the internet’s infiltration in Saudi Arabia is 89 per cent compared to 57 per cent in China, and the infiltration of this channel in some fashion groups reaches 20 per cent.
The country’s double-digit rates used to amaze the world just a few years ago. Saudi Arabia is one of the countries with the highest Gross Domestic Product per capita in the world. Its per capita expenditure on fashion is among the highest on the planet.
