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Stoll, a leader in textile machinery, has launched the CMS 503 ki L, a 50" knitting machine tailored for the volume market. In an industry marked by rapid fashion shifts and intense price competition, manufacturers face the challenge of meeting diverse demands economically.
The CMS series by Stoll has long been recognized for its cost-effective solutions, catering to high-volume production while maintaining flexibility in design. The latest addition, the CMS 503 ki L, boasts a wider working width, denoted by the "L" for "Large," allowing for the creation of extensive motif formats and accommodating an extended size range.
Michael Händel, Vice President Sales & Service at Karl Mayer Stoll Textilmaschinenfabrik GmbH, highlights the significance of this development in response to the global trend toward larger sizes, particularly in markets like America, Asia, and Europe. The machine's enhanced capabilities position manufacturers to meet evolving consumer preferences efficiently.
Technological advancements, including the Multiflex take-up and spring-loaded latch needles, ensure optimal fabric width fixation, reduced waste, and improved cost-efficiency. Additionally, as part of the Knitelligence machine generation, the CMS 503 ki L is equipped to meet the demands of the digital era, offering automation possibilities, transparency, and shorter production cycles.
With a proven track record of reliability and performance, Stoll's CMS series continues to garner praise, with representatives boasting over 100,000 working hours. The unveiling of the CMS 503 ki L will take place at ITMA ASIA + CITME 2024 in Shanghai, where it will demonstrate its capabilities at the Karl Mayer Group booth, showcasing its potential to revolutionize high-volume knitting production.
Sympatex, a global leader in sustainable membranes, is showcasing its latest innovations at the Functional Fabric Fair in Portland (booth 312) from April 17th to 18th, 2024.
The company, renowned for its commitment to environmental responsibility and high-performance materials, is unveiling a diverse range of sustainable solutions aimed at transitioning the textile industry towards circularity. A focal point of Sympatex's presentation is its dedication to PFAS freedom, acknowledging the environmental risks associated with these chemicals and advocating for their elimination from non-essential applications.
Sympatex's membranes have been PFAS-free since its inception in 1986, with a transition towards fluorine-free C0 DWR since 2008. Annual tests and random sampling consistently confirm the absence of PFAS residues, aligning with the company's commitment to delivering PFAS-free products.
At the forefront of its innovations is a collaboration with e.dye, introducing solution-dyed polyester fabrics that significantly reduce water consumption, chemical usage, and carbon dioxide emissions. Kim Scholze, CSO of Sympatex, describes this partnership as a paradigm shift in textile dyeing, emphasizing the environmental benefits of solution dyeing.
Anja Palic, Product Management at Sympatex, highlights the advantages of solution dyeing, including exceptional color fastness and reproducibility. Additionally, Sympatex presents Tokyo Fiber2Fiber Spring AS, a sustainable alternative to traditional bottle recycling, crafted from chemically recycled waste.
With impending regulations from the European Commission mandating the use of recycled plastic components, Sympatex's innovations address the industry's need for premium-quality recycled fibers.
Functional Fabric Fair Spring serves as a premier sourcing destination for the outdoor and activewear industry, offering a glimpse into the future of performance fabrics and trends shaping the 2025/2026 Spring season. Open exclusively to industry professionals, the event underscores the industry's collective efforts towards sustainability and innovation.
The world's leading technical textiles and nonwovens manufacturers and technology providers will gather at the Hightex 2024 Exhibition in Istanbul, Turkey, from June 4th to 8th, 2024. This premier event, the first and only of its kind in Turkey, is expected to attract a record number of attendees, including industry representatives and global buyers.
Technical textiles, despite their unfamiliar name, are woven into the very fabric of our lives. From medical applications and automobiles to clothing and agriculture, these versatile materials play a crucial role in diverse sectors. In fact, technical textiles now account for a staggering 45-50 per cent of the traditional textile industry.
Experts predict continued strong growth for technical textiles. A recent report by Grand View Research Inc. forecasts the global technical textile market to reach a value of $272.33 billion by 2030, reflecting a healthy compound annual growth rate of 4.7 per cent.
The high level of interest in Hightex 2024 underscores the sector's dynamism and the emphasis placed on innovation. Technical textiles are poised for even deeper integration into various industries and our daily lives. This exhibition presents a unique opportunity for industry leaders to shape the future of this exciting field.
Hightex 2024 will bring together leading manufacturers and suppliers with industry professionals. Attendees can expect to see the latest advancements in technical textiles across a wide range of applications, including medical, automotive, aerospace, hygiene, agriculture, food, construction, smart textiles, and geotextiles.
Hightex 2024 goes beyond simply showcasing products. It fosters collaboration and networking opportunities for exhibitors. Visitors will gain valuable insights into the latest trends, enabling them to develop innovative products and craft future-proof strategies.
American consumers are opening their wallets again, with retail sales experiencing a modest uptick in recent months. According to the US Census Bureau, sales rose 0.7 per cent in March 2024 compared to February, and are up 4.0 per ent year-over-year.
However, the picture within the fashion sector is less clear. While overall retail sales data lumps fashion in with other categories, anecdotal evidence suggests a mixed bag. Some retailers report strong demand, while others continue to grapple with excess inventory from pandemic shutdowns.
Growth drivers unclear
The reasons behind the overall retail growth are multifaceted. Some economists point towards pent-up demand as consumers return to pre-pandemic spending habits. Others cite rising wages and increased household savings as factors. For the fashion sector specifically, it's difficult to pinpoint exact growth drivers. There could be a delayed response to reopening, with people refreshing their wardrobes after staying home for so long. Additionally, a focus on comfortable and casual attire, a trend that boomed during lockdowns, might be persisting. Moreover, wage growth in some sectors could put more money in consumers' pockets, boosting spending. With increased focus on travel and social gatherings, there could be a rise in demand for new clothes. Also, e-commerce continues to thrive, offering convenience and potentially boosting sales.
Fashion's foggy future
However, the outlook for the fashion sector is uncertain. While some reports suggest increased spending on apparel, others indicate a cautious consumer opting for essentials over discretionary purchases. Rising inflation and economic concerns could further dampen spending on non-essential items like fashion.
The impact on garment imports is difficult to predict. It's possible that rising sales could lead to increased imports to meet demand. However, it's also possible that retailers are simply selling through existing inventory built up during the pandemic.
Short-term vs long-term outlook
The short-term outlook for retail sales remains cautiously optimistic. With rising gas prices potentially dampening discretionary spending in other areas, consumers might shift their budgets towards apparel. However, inflation and potential interest rate hikes could act as headwinds later in the year.
The long-term picture is even more uncertain. The global supply chain continues to face disruptions, which could impact both the availability and cost of clothing. Additionally, consumer spending habits could evolve as economic factors change.
Overall, the US retail sector is showing signs of recovery, but the fashion segment presents a complex picture. While some growth is likely, the full extent and its drivers remain to be seen.
The story of Shein's soaring profits in 2023 presents a fascinating paradox. While a growing number of consumers, particularly millennials and Gen Z, express a desire for sustainable clothing, fast fashion giants like Shein are experiencing tremendous financial success. This raises several key questions.
Eco-conscious yet fast fashion obsessed
The core tension lies in the seemingly contradictory behavior of consumers, particularly millennials and Gen Z. Surveys like the one by The New Consumer and Coefficient Capital suggest a strong desire for environmentally friendly products, with over half of Shein's customers prioritizing such aspects. Additionally, 67 per cent reportedly express willingness to pay more for sustainable garments. However, research from Sheffield Hallam University reveals a different reality, 90 per cent of Gen Z respondents, despite their concern for sustainability, still resort to fast fashion purchases.
Indeed, fast fashion's allure lies in its affordability, with Shein's average unit price at a mere $7.90 in 2021. This affordability trumps stated preferences, as evidenced by the continued success of fast fashion companies despite their environmental and ethical shortcomings. Sustainable clothing often comes with a higher price tag, creating a barrier for some. This disconnect is a classic case of "stated preferences vs. revealed preferences" – a difference between what people say they want and what they actually do. Fast fashion offers a quick and easy way to update wardrobes, fueled by constant new trends and readily available online shopping options. Sustainable alternatives may require more research and effort to find.
Table: Revenue estimates of top global fast fashion brands
Shein
2021: $15.7 billion (estimated)
2022: $22.7 billion (estimated)
2023 (projected): Revenue on track to surpass H&M and Zara combined (possibly exceeding $58.5 billion)
Inditex Group (Zara)
2021: €37.0 billion ($42.3 billion)
2022: €30.7 billion ($35.4 billion)
2023 (YTD - first half): €18.3 billion ($21.1 billion)
H&M (H&M Group Reports)
2021: SEK 186.8 billion ($21.0 billion)
2022: SEK 198.9 billion ($22.7 billion)
2023 (YTD – Q1 to Q3): SEK 164.0 billion ($18.8 billion)
The data highlights, Shein's revenue has seen significant growth, potentially surpassing Zara and H&M combined in 2023. Zara's revenue (as part of Inditex group) shows some fluctuation but remains substantial. H&M's group revenue has seen a modest increase. It maybe noted Shein’s data are estimates and projections, and revenue figures for Zara and H&M are for their parent groups.
The credibility of sustainability claims
Surveys claiming a rise in eco-conscious consumers need to be viewed with a critical eye. While interest may be genuine, factors like affordability and lack of readily available sustainable alternatives can hinder purchase decisions. Additionally, ‘greenwashing’ by companies further erodes trust. Shein's factory tour campaign, for instance, received a lukewarm reception due to a lack of transparency. While awareness of sustainability is growing, there's still a gap in understanding the true environmental and ethical costs of fast fashion.
The core demographic for Shein is millennials and Gen Z. This generation is often portrayed as socially conscious, yet their buying habits paint a more complex picture. Possible explanations for this seemingly contradictory behavior include:
• Prioritization: Sustainability may not be the top priority for everyone. Other factors like style, trendiness, and affordability may outweigh environmental concerns.
• Greenwashing: Fast fashion companies like Shein's attempt to portray themselves as environmentally conscious through PR campaigns can create confusion. Consumers may be unsure of genuine sustainable practices vs. marketing tactics.
The future a balancing ct
The future of fast fashion seems to lie in a delicate balancing act. Companies like Shein acknowledge the importance of sustainability, evidenced by their pledges to invest in environmentally friendly practices and improve labor conditions. However, the success of these initiatives remains unclear. Here are some potential directions:
Increased transparency: Consumers crave information about a product's environmental impact and origin. Greater transparency in supply chains can rebuild trust. Fast fashion giants may be acknowledging the sustainability concerns. Shein's pledges to invest in eco-friendly practices and improve labor conditions suggest a potential shift towards a more responsible model.
Sustainable innovation: Technological advancements in fabric production and recycling can pave the way for eco-friendly yet affordable garments.
Shifting consumer behavior: Promoting mindful consumption and encouraging a "buy less, buy better" mentality can contribute to a more sustainable fashion ecosystem. Bridging the gap requires conscious consumerism. True change relies on actively seeking sustainable options, even if they come at a slightly higher price. Additionally, supporting second-hand clothing stores can be a more environmentally friendly alternative.
The onus lies not just on fast fashion giants but also on consumers. Educating ourselves about sustainable options and prioritizing quality over quantity are crucial steps towards a more balanced future for fashion. The dichotomy between consumer desires and buying habits highlights the complexities surrounding fast fashion. While fast fashion profits soar, the future remains uncertain. The rise of consumer awareness, innovation in sustainable fashion, and potential regulations could tip the scales towards a more sustainable future for the industry.
Exports of Cotton yarn, fabrics and made-ups from India increased by 6.78 per cent Y-o-Y in Mar’24, notes Sunil Patwari, Chairman, Cotton Textiles Export Promotion Council (TEXPROCIL). They also registered a 6.71 per cent Y-o-Y rise during FY’24, adds Patwari.
After being under pressure for more than a year, textile and apparel (T&A) exports grew by 6.91 per cent Y-o-Y during Mar’24. However for the entire FY’24, these exports contracted by 3.24 per cent
On the other hand, India’s apparel exports, which increased by 1.7 per cent Y-o-Y in Mar’24 declined by 10.25 per cent during FY24.
This growth in India’s cotton textiles last financial year despite geo-strategic challenges shows the resilience of the Indian textile industry. To sustain this growth, the new Central government needs to address issues such as cotton prices and preferential access in key markets, opines Patwari.
Various farmer associations and industry stakeholders’ in Zimbabwe have called for increased value addition to raw cotton to convert it into finished products, to revitalise the industry.
At the launch of 2021/22 cotton marketing season in Mahuwe, Engineer Chris Murove, CEO, Cotton Council of Zimbabwe (CCPZ) said, this move will not only benefit cotton farmers but also boost the extraction and refinement of cooking oil once the cotton farmer has access to their seed and lint. The remaining cotton cake can be used to manufacture feed for beef and dairy cattle, he added.
Dr Anxious Masuka, Minister of Lands, Agriculture, Fisheries, Water and Rural Development, also urged stakeholders to embrace cotton value addition, as the country journeys towards industrialising rural communities.
Overall, local Zimbabwean cotton industry processes about 20 percent of its lint production. The Government ensures that the local textile industry’s lint requirements are met by ensuring that each ginner reserves 30 per cent of lint production for local consumption.
Exporting shirts from processed cotton would have helped Zimbabwe boost revenues from the sector by 424 per cent to $219 million, from the US$42 million netted in 2023, said Masuka.
The country also exported cotton linters worth $7,318,456 and yarn worth $2,596,966 during the year. Had it exported cotton linters, cotton yarn and shirts it would have made a lot of revenue, he added.
Tim Cross, CEO, SATCoL, has launched an innovative project to recycle polyester waste from discarded garments and other textiles into polyester pellets to be spun into yarn and re-used by the fashion and textiles industries. In the UK alone, 300,000 tons of textile items, including polyester, are discarded into household waste annually. Previously, polyester with no remaining utility would have been simply disposed of, he adds.
This polyester waste from discarded garments and textiles are being converted into polyester pellets at the SATCoL processing center in Kettering, Northamptonshire. These pellets will later be transformed into yarn and reused by the fashion and textiles industries.
This initiative will help SATCoL salvage that waste and reintegrate it into supply chains. It will help the company save carbon and contributes significantly to our collective journey towards Net Zero.
Titled, Re:claim, the project will recycle 2,500 tons of polyester waste this year, with plans to further increase this figure to 5,000 tons in its second year of operation. These pellets are expected to be incorporated into manufacturing processes for new products by late 2024.
Majonne Frost, Head-Environment and Sustainability, SATCoL, remarks, this partnership combines the extensive collection and processing capabilities of The Salvation Army with the cutting-edge technology developed by Project Plan B and Pure Loop. The collaboration will introduce new solutions at services at slace, fostering a textile circular economy, she adds.
Denim lifestyle brand Levi's plans to expand its international presence by opening new stores in key locations in Bangladesh including Chittagong in the coming months.
The brand recently forayed into the Bangladesh market in partnership with DBL Group. It opened its first store across 2.270 sq ft in Dhaka to offer a wide range of products including denims, non-denims, and tops for both men and women tailored to regional preferences.
Amisha Jain, Managing Director, South Asia-Middle East and Africa (SAMEA),Levi Strauss, says, the brand’s first store in Dhaka supports its focus on the direct-to-consumer retail and aligns it with a dynamic market propelled by the consumer base and swift urbanisation in cities such as Dhaka and Chittagong.
Levi’s strategic entry into the Bangladesh market and distinctive strategies position it to forge a robust presence and foster sustainable growth, adds Jain.
Levi Strauss & Co’s products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites with a global footprint of around 3,200 brand-dedicated stores and shop-in-shops.
Known for its cashmere products, high-end Italian clothing brand, Brunello Cucinelli has projected a 10 per cent rise in revenues in FY’24.
The brand’s revenues in Q1FY’24 ended Mar ’24 rose by 16.5 per cent to €309 million, driven by growth in all regions, including Asia. The highest rise in revenues of 19.5 per cent was recorded in Americas while revenues in Europe increased by 13.9 per cent. The brand also reported a 16 per cent growth in its sales in Asia.
The brand has received abundant orders for the autumn-winter 2024 collections, reiterating its expectations for 2024 full year with renewed convictions, says Brunello Cucinelli, Executive Chairman.
With the demand for luxury goods slackening, the gap between the performances of different groups is widening, with those focusing on the higher-end consumers tending to perform better.
A profit warning issued by Kering last month shows, a slump in Asia sales of its star label Gucci cast a cloud over its reporting season while quarterly sales at LVMH rose by only 3 per cent.
