FW
Burberry intends for every single product it sells to have at least one positive attribute by 2022.
Some products might be made out of an environmentally-friendly material, like its newly introduced Econyl made from recycled fishing nets. Others might use traditional materials, but they are manufactured at a carbon-neutral factory.
Burberry has also set a goal of removing harmful chemicals from its products by 2022 and has trained more than 1,000 employees in chemical management to facilitate that goal. In 2017, the company sourced 21 per cent of its cotton ethically through the Better Cotton Initiative, but that’s increased to 68 per cent this year. In the two years since the five-year plan was put into place, 36 per cent of Burberry products have been made to have at least one such attribute. The goal is for all of its products to meet the criteria by 2022.
On the operations side, the brand’s major focus is on the raw materials stage of the supply chain, which is responsible for 50 per cent of all Burberry’s carbon emissions. Burberry intends to cut emissions by 95 per cent by switching as much of its supply chain to renewable energy as possible. From 2018 to 2019, Burberry obtained nearly 60 per cent of its energy from renewable sources, a 43 per cent reduction from 2016. The brand is already carbon neutral in its retail stores in the Americas and parts of Europe, the Middle East and Africa.
Spanish fashion brand Desigual is coming to India.
It will first be available on Myntra and thereafter in outlets across the country. In the first phase six stores will be opened in metros, followed by stores in Tier II.
The Desigual essence is characterised by its individuality and the unique character of its creations, which are always different and designed to authentically dress anyone who wants to be 100 per cent themselves and show their most creative side. The brand offers clothing for women, men, and children as well as a collection of unique accessories. The brand is Mediterranean, and this is where its inspiration comes from. The lifestyle is conveyed through its designs, stores and communication. The brand’s clothing exudes a character that is unique, which helps people express themselves and be the most authentic. Desigual’s characteristic vibrant designs come with a flamboyant splash of colors.
Desigual is being brought to India by Tablez. This retail group has introduced several leading global brands in F&B, toys, lifestyle, and apparel to India –– including Springfield, Build-A-Bear, GO Sport, and Yoyoso. In the F&B vertical, Tablez holds the India franchise rights for Cold Stone Creamery and Galito’s, in addition to successfully developing its home-grown brand, Bloomsbury’s. Tablez currently operates more than 70 outlets globally and plans to expand to 300 outlets by 2020.
Jabong’s revenue went up 19 per cent in the current fiscal.
The cost of the online portal slumped by 6 per cent during the same period. Employee as well as finance expenses continued to increase in the current financial year – 22 per cent and 140 per cent respectively. US-based retailer Walmart owns Jabong. The merger of Flipkart’s fashion arms Myntra and Jabong led to massive layoffs with as many as 150 employees getting the axe. Myntra and Jabong together were asked to move all operations to Bangalore and cut workforce. Employees who didn't get the option to join in Bangalore were offered three months' pay as severance and 15 days of pay for every year served, besides gratuity.
In early 2019, retail giant Walmart, in its bid to bring in more efficiency and better results, decided to consolidate back office functions for Myntra and Jabong. Walmart, in this process, shifted its focus to a single premium fashion platform namely Myntra. On the cost front, it would not have made sense for Walmart – which took over Flipkart – to keep pumping cash into three different brands.
Jabong, based in Gurugram, was founded in 2012 and sells apparels, fashion accessories, footwear and home accessories, among others.
The progress of textile parks, under the Scheme for Integrated Textile Parks (SITP), has been moving at a snail’s pace.
The scheme was approved during the tenth five year plan in 2005. While 59 textile parks have been sanctioned, only 22 have been completed. The rest are under various stages of construction. The slow progress has been attributed primarily to delay in obtaining land and other statutory clearances and slow fund mobilisation by the textile parks.
The SITP provides support for creating a good textile infrastructure, with the government granting up to 40 per cent of the project cost. The government grants up to 90 per cent of the project cost for the first two projects each in the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Himachal Pradesh, Uttarakhand and Jammu and Kashmir with a ceiling limit of Rs 40 crores for each textile park.
Apart from the SITP, more recent programs are aimed at providing a boost to the textile industry. These include a Rs 6000-crore package that was launched in June 2016 to boost employment and export potential in the apparel and made-up segments. The Amended Technology Upgradation Fund Scheme has been designed to promote the ease of doing business in the country and to mobilise new investment and employment.
Sensitive Fabrics by Eurojersey is presenting a selection of prints for Spring-Summer 2021 lingerie collection with dashes of retro charm, revisited and transformed in an expressive contemporary mood. This collection is dedicated to dynamic women of character with a propensity for a glamorous and romantic style or a sexier look of gypsy allure interpreted in animal prints. Underwear and nightwear garments in these colletion assume country-style influences in a warm colour palette for street-style outfits or optimistic atmospheres in deep shades for more sporty solutions.
Light and comfortable with a soft hand-feel, Sensitive® Fabrics are excellent for creating any type of lingerie garment. Widely acclaimed for their aesthetic and technological qualities, breathability and absence of pilling, they are unrivalled in their offering of maximum comfort and the right amount of support. For the pleasure of the wearer, they have all the characteristics of a second skin which dresses and protects the body, while conferring elegance and ease of movement.
For Canclini, the year 2019 ends with its first participation in the Denim Première Vision show that is being held in London from December 03-04, 2019. The company is launching its restyled collection Blue 1925 at the show.
The collection provides creates unique aesthetics, preserving the high quality of the Canclini 1925 trademark. Its goal is to amaze and stimulate with its blue and indigo nuances and over-dyeing in trendy colors in all outfits including shirt, trousers, T-shirts, etc.
This innovative and versatile line is available in all sizes from light to medium, as well as heavier models. There are also plenty of alternatives in terms of the type of fabric: from garment- to yarn-dyed, shuttle-loom developed, as well as jersey, jacquard fil-coupé, and printed materials. The collection is made from innovative and sustainable fibers like cotton, linen, hemp, and bamboo fabrics, as well as regenerated cotton, for green and responsible denim.
At the China International Import Expo (CIIE), Chemtax brought three typical technologies, including the Datatex ERP solution from fiber, clothing, sales, shipment, planned production to real-time cost accounting, from equipment integration to business Intelligence enterprise comprehensive and intelligent platform.
Oriental Textile Group plans to apply this solution to its new sweater factory project in Africa; Nanjing Hermans looks forward to integrate its PPS system with Datatex ERP to complete the intelligent upgrade of the factory; YiwuBoni Fashion hopes to change the status of poor production planning and production costs that cannot be accounted for orders through the implementation of the Datatex ERP system and intelligent production scheduling system.
Over time, Chemtax has cooperated with dozens of Europe’s most forward-looking manufacturers to provide equipment, technology, and services for the Chinese textile and apparel industry. From knitting, weaving, printing, and dyeing to post-processing, from industry ERP software to fully integrated digital solutions, Chemtax does only the best.
As per the Bain-Altagamma 2019 Worldwide Luxury Market Monitor, the global luxury market grew by 4 per cent in 2019 with Asia contributing most to the growth of this market. The study reveals that the size of the global personal luxury goods market was pegged at € 281 billion in 2019. Of this, Mainland China’s luxury market grew the most bgy 26 per cent at constant exchange rates this year to reach €30 billion. Fuelled by favorable government policies and lower price differentials, Chinese customers accounted for 90 per cent of the constant growth of the market in 2019.
Luxury consumption in Hong Kong was adversely hit by the ongoing protests. The luxury market in the country declined 20 percent to €6 billion. The Hong Kong luxury landscape will reach a new equilibrium, with rules of the game deeply transformed and local customers becoming the main focus according to the report.
Meanwhile, Chinese buyers of luxury turned their sights to other Asian destinations, boosting the performance of these markets. Japan grew by 4 per cent at constant exchange rates to €24 billion while the rest of Asia grew by 6 per cent at constant exchange rates, reaching €42 billion.
Europe experienced a slow growth of 1 per cent at constant exchange rates with the market reaching €88 billion in size. Driven by tourism and weak currency, Spain and the UK were among the top performers. Germany was impacted by a slowing country dynamism and France by social unrest earlier in the year. Other geographies, which account for €12 billion, experienced a 5% decrease at constant exchange rates. The Middle East, aside from a hesitant recovery in Dubai, was a subdued market affected by lower consumer confidence and geopolitical uncertainties.
Latest Moody report says, tariffs on Chinese imports will negatively impact clothing and footwear retail in the American market between the next twelve and eighteen months. The report predicts sales to decline by 5 per cent between the next twelve and eighteen months.
Sales will be affected by risks such as commercial friction and Brexit as pressure within the sector will increase. Last September, United States imposed a 15 per cent tariff on most of China’s clothing imports and plans to apply another tax on December 15. The strengthening of the dollar will also affect the sector, since it will result in increase in costs.
The figures by National Retail Federation reveal that sales of clothing and clothing accessory declined by 2.6 per cent year-over-year in the US. However, these sales increased by 1 per cent in March seasonally adjusted from February and up 0.8 per cent unadjusted year-over-year.
FashionatingWorld had an interaction with Prashant Deka head marketing rieter on the sidelines of TAI 75th year Summit at Chandigarh dated 15-11-19. He is of the opinion that 'Industry 4.0' is nomore optional rather it is now a business imperative. Going by his experience he still thinks that the uptick in this technology is limited in the near future: not that technology is not required in Indian textile and apparel space, not that we have best of the productivity, not that we are proficiently competitive. The reasons are not far from evident textile space continues to languish and will as long as it is not able to deal with the present day limitations viz. Not so good physical infrastructure, High cost of finance, Ever increasingly rising cost of living, typical Indian entrepreneur mind set of being capital shy & resistance to change.
AlsoTextile Sector nomore remains incredibly priority sector despite of being acknowledged as in ultimate job creator only next to agriculture.
Deki avers though the uptake in embracing cutting edge technology maybe slower than what we would argue, but the adoption is inevitable especially given the government diktat of making country 5T $ economy and Textile 350mn $ in specific in coming 4-5 years.Arguably as a piece it again is not really important what is the aggregate composition of the textile growth pie in the terms of the domestic and exports break down so far there is objective progression (economists and purist alike in the private space see it doable as long as administrators/ law makers can well deal with the current limitations which the semblance is they are quite seized of).
His prescription is that there is bunch of solutions & in his admission at times it can be interim but most of the times it will be the remedial steps to fix the trade/ economy which I don't think I need to allude here as they all are evidently known to our policy makers.
