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Asia’s leading fashion accessories fair Fashion Access and Cashmere World opened its doors to fashion professionals and buyers looking for special items for their boutique collections for Spring / Summer 2017. The fair will end on September 24 and is being held at the Hong Kong Convention & Exhibition Centre. Organised by APLF with 32 years experience in trade fair management in Asia has united with Fashion Access and Cashmere World in their zest to satisfy brand sourcing and sub-contracted production requirements.
This year the fair has more than 150 exhibitors at the trade fair that are suppliers of fashion accessories, cashmere and fine fibre goods. For direct sourcing purposes, the fair will serve as a boutique fair where brands can be found in the mid to higher price ranges. Besides a large number of exhibitors offer ODM and OEM services for brands and designers wishing to outsource their production.
In this matter, Fashion Access and Cashmere World offers two dimensions of business activity from exhibitors that hail from 20 countries like Bangladesh, Brazil, Cambodia, Cayman islands, China, Colombia, Hong Kong, India, Indonesia, Italy, Korea, Malaysia, Mongolia, Nepal, Pakistan, Singapore, Taiwan, Thailand, UK & the US. Besides functioning as a trade fair, Fashion Access and Cashmere World will offer a series of educational seminars that take place during the fair and in the same venue.
The 28th edition of Collection Première Moscow (CPM) will take place from February 20 to 23, 2017. Though there is still time, but preliminary work on the event has started. Registration documents have been sent out and organisers expect the event to be highly subscribed. The official deadline for registrations is December 1 but this can also be stipulated for an earlier date depending on the provisions governing some national pavilion participations.
With over 45,000 sq. mt. at its disposal, the CPM will again become the international fashion hot spot in Moscow. Alongside participations from Germany, Italy, France, Spain and Turkey there are also many smaller joint stands from Indonesia, Romania, India, Colombia, and Finland, but to name a few Nations. As experience shows, the area occupied rises for the Autumn/Winter season and this is already reflected in the high demand for exhibition space. Following the last event in September last, CPM project director Christian Kasch looks to the future with optimism. He says that the organizers were indeed very satisfied with the way the past CPM concluded. Most of the exhibitors here did take a fair amount of orders and posted high customer footfall in their stands.
For newcomers, finding a matching partner in Russia continues to be key. Here the Igedo Company assists international firms in their search for Russian agencies or distributors. To this end, entrepreneurs can register for free on the Wanted portal of the CPM website (www.cpm-moscow.com) in order to present their brands and make initial contacts.
"H&M, one of the fastest growing, fast fashion brand which with more than 4,000 stores in 62 countries kicked off its campaign for recycling of clothes. The brand which believes in sustainable fashion took back 12,000 tons of clothes to support the recycling of clothes initiative. In a recently launched, star studded high profile campaign the brand announced “There are no rules in fashion but one: Recycle your clothes."
H&M, one of the fastest growing, fast fashion brand which with more than 4,000 stores in 62 countries kicked off its campaign for recycling of clothes. The brand which believes in sustainable fashion took back 12,000 tons of clothes to support the recycling of clothes initiative. In a recently launched, star studded high profile campaign the brand announced “There are no rules in fashion but one: Recycle your clothes."
Brands launch promotions to recycle clothes
With ‘fast fashion’ becoming a environmental concern recycling of clothes seems to be the future mandate. While all global brands are rallying for it, H&M is leading it from the front. The Swedish firm launched a €1 million contest to seek ideas for turning old clothes into new, invested in Worn Again, a company developing textile recycling technology, and now enlisted hip-hop artist MIA to produce a music video called ‘Rewear It’ that aims to "highlight the importance of garment collecting and recycling."
Along with H&M, Nike is also the global partner of the Ellen MacArthur Foundation, which is dedicated to drive a transition to a circular economy — an industrial system in which everything at the end of its life is made into something new, in contrast to today’s economy, where most consumer goods are produced, used and then thrown away. And as Karl-Johan Persson, CEO of H&M explains they have to go from a linear model to a circular model and to do it at scale.
Much like H&M, Nike too has taken sustainable initiatives. Explaining Nike’s ambition to achieve its "moonshot ambition" of cutting its environmental impact by half while doubling its business, Hannah Jones, the company’s chief sustainability officer says incrementalism and efficiency measures will not get them there. Similarly, Anna Gedda, H&M’s head of sustainability reveals that the company needs to decouple growth from resource use, so that economic and social development can happen, but within planetary boundaries. In fact. not just H&M, almost all major global brands including American Eagle Outfitters, Eileen Fisher, Levi-Strauss & Co, Nike, the North Face, Patagonia and Zara collect their old merchandise. Clothing designer Eileen Fisher has called her industry 'the second largest polluter in the world, second only to oil.
Though H&M is the front runner in promoting recycling of clothes the company has been facing controversy as its low-cost range of clothes (women’s T-shirts for $5.99 and boys’ jeans for $9.99) is believed to be one of the major reason why apparel industry is growing so fast .The global apparel industry generates an estimated $2.5 trillion annual revenue and that it will double in the next decade. Adding to the concern efforts to collect old clothes by retailers and nonprofits such as Goodwill Industries, the overwhelming majority of items eventually wind up in landfills, at least in the US. Americans dispose of about 12.8 million tons of textiles annually, which amounts to about 80 pounds for each man, woman and child reveals the US Environmental Protection Agency. Also increased use of cotton, the most used fabric in fashion use up a lot of natural resources and agricultural chemicals increasing the industry’s environmental hazard. In spite of the tactical measures taken up by the major players, the industry needs to undertake more radical action together if it wants to balance sustainability.
Welspun India has said that the two cases filed against it in the US over bed sheets supplied not being 100 per cent Egyptian cotton are at preliminary stages and it cannot be determined whether they will even be permitted to proceed as class actions at present.
Admitting that two putative class action complaints have been filed against it, Welspun India said in a BSE filing that they have not been certified for class treatment by relevant courts. This is required under the US law before any action may proceed on a class basis. No motion to obtain such certification has been made yet, it added. ‘Accordingly, we believe that these actions are only in the preliminary stages, and that it cannot be determined at present whether they will even be permitted to proceed as class actions. Consequently, we believe that these actions cannot be determined to be material at this point in time,’ the company observed.
The central allegation in both complaints is that certain Welspun sheeting products were not 100 per cent Egyptian Cotton, the filing said. ‘Neither complaint challenges safety nor fitness of these products. Both complaints allege that the amount in controversy exceeds $5 million. However, none of the complainents seek a specified amount of damages or provides a methodology for determining damages, the company said.
Pakistan’s cotton has a high level of contamination. Contamination is one of the critical issues spinners face in their efforts to maintain first grade yarn quality. The contamination proportion is 20 gm per bale, while the international market standard is only 2.5 gm per bale. Contamination produces low quality lint cotton, yarn and manufactured goods. Generally, the quality of cotton is determined by its color, fiber length, strength and finesse. One of the important factors which make the quality of raw cotton low is contamination.
Pakistan’s cotton has a large impurity content. It has a high level of foreign matter, trash water contents and is considered poor by international standards. These impurities have been reducing the beneficial effect of improved cultivation and impairing not only the quality of raw cotton but also the subsequent processes of textile products.
One way to avoid contamination is to start picking at the time when fully matured bolls are opened. A number of impurities like pieces of leaves, immature and empty bolls, stems, flowers, sticks and weeds, trash and dust mix with cotton due to carelessness of pickers. Cotton is the most important cash crop of Pakistan. It is a major source of foreign exchange earnings and also provides livelihood to millions of people.
Researchers have developed a textile capable of harnessing energy from both sunlight and wind. A fabrication strategy merged two different lightweight, low-cost polymer fibers to create energy-producing textiles. The first component of the textile is a micro cable solar cell, able to gather power from ambient sunlight. The second is a nano generator capable of converting mechanical energy into electricity.
Under ambient sunlight, and in the presence of wind blowing or human motion, the textile swatch was able to charge a small commercial capacitor up to 2V in one minute. The textile could continuously power an electric watch, charge a cell phone, and even drive water-splitting reactions, releasing hydrogen.
After optimising individual components, researchers worked on optimizing the overall textile. To maximise its energy output, they had to perform a systematic optimisation of the individual electrical connections and overall patterns between the photovoltaic and tribo electric components. After the system was optimised, the team put together a plain-weave fabric that included a four-centimeter-square tribo electric textile and a 1 x 4 centimeter photovoltaic textile, mixed with wool fibers.
Overall, the fabric doesn't generate a lot of electricity. But it has the advantage of being able to generate electricity where it may be needed.
Inditex first-half operating profit increased eight per cent in the six months through July. Revenue rose 13 per cent in the first weeks of the third quarter, excluding currency shifts, slowing down from growth of 16 per cent in the first half. Inditex operates Zara and other brands through more than 7000 stores in 91 countries. The company has prioritized online expansion over store openings. The strategy also includes bigger stores in key markets, as part of an attempt to maintain growth after revenue increased eight-fold since the company’s 2001 initial public offering.
Inditex is the world’s biggest clothing retailer with several brands under it viz. Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe. Inditex has a number of textile design, manufacturing and distribution facilities in Spain. The company is also benefiting from the steady pace of economic growth in Spain, where the retailer gets about a fifth of its sales. Every part of Inditex’s fashion business is vertically integrated.
Currency fluctuations hurt Inditex on two fronts as the strong dollar raised costs for the 35 per cent of garments the retailer sources from Asian countries. Meanwhile the weakness of the Russian ruble, British pound, Mexican peso and Turkish lira eroded sales growth.
Garment exports from Bangladesh to India rose 30.86 per cent year-on-year in fiscal 2015-16. India allows duty-free benefit to almost all Bangladeshi goods except 25 alcoholic and beverage items. However, there is a 12.5 per cent countervailing duty on apparels from Bangladesh. Garment exporters also face provincial taxes and non-tariff barriers in India.
Yet, garment exports from Bangladesh to India have been rising since last year thanks to western retail giants operating in India. US retail giant Walmart and Swedish retailer H&M have opened stores in India in the last few years. Also many Indian companies that have retail chains in India have tied up with foreign retailers to grab the market. Foreign retailers buy a lot of garment items from Bangladesh for Indian customers, especially for the rising middle class.
Knitwear from Bangladesh is popular in India because of low prices and good quality. Garment makers in Bangladesh are offered a stimulus package for exporting to new destinations like India, Japan and China. In fiscal 2015-16, Bangladesh exported goods worth $689.82 million to India, which is 30.82 per cent higher than the previous year. The amounts were $527.16 million in 2014-15 and $456.63 million in 2013-14.
Dumping of Chinese textiles into Peru has threatened hundreds of thousands of jobs in Gamarra, Lima’s historic garment district. Over 200,000 people have lost their jobs while another 400,000 people are at risk of losing their mode of employment in the garment district located in La Victoria.
Peru’s clothing manufacturers cannot compete with cheap Chinese imports. This is because they allege that they are being unfairly priced to squeeze out competition. Lima Chamber of Commerce (CCL) director Carlos Posada has claimed that 4,900 Peruvian textile exporters closed down between 2012 and 2015 resulting in Peru’s textile exports falling 30 per cent. Now, the CCL wants that Peru’s trade commission Indecopi to investigate alleged dumping of Chinese textiles.
A CCL study of shirts from China sold in Peru and the United States found out that the same garments were priced on average four times more in the US, and as much as 88.3 per cent more. While that does not meet the legal definition of dumping as defined by the World Trade Organization, Posada believes it warrants an investigation.
The WTO defines dumping when goods are sold in an export market at a higher price than in their home market. If the clothes being imported into Peru are bought at prices lower than in China, then Peru would be entitled under its free trade agreement with China to slap import tariffs on those products.
In 2013, Gamarra faced a similar crisis. It was then that Indecopi responded by invoking anti-dumping statutes to tax imports on five specific product codes.
The Brexit vote has fashion designers, including some Chinese designers based in Britain, worried about the future of the sector. The designers are established brands, with many employees, and exporting to Europe, China and America. However, their greatest fear is of the UK leaving the European Single Market, the tariff-free marketplace. Seventy per cent of UK fashion sales go to Europe, with the balance to China, America and the Middle East, so access to Europe is important for their businesses.
Some Chinese designers produce in China, so the fall in the value of the sterling might raise costs a bit. Sourcing fabrics in Europe has become more expensive for them. Nevertheless the cheap pound has meant the UK has seen a bounce in sales in luxury and retail businesses since the vote, which is benefitting fashion.
Organisers of fashion weeks have been reassuring designers that the vote to leave the EU doesn’t mean an end to international partnerships and collaborations. They want to keep attracting talent and drive home the message that the UK is open to outsiders and is a place of business opportunity. London is a major hub of international designers.
