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.

Unrest in Hong Kong, France and Chile has affected retail sales as they have fallen 24 per cent in Hong Kong.

Even the Christmas season couldn’t help fashion retailers to get their numbers up. Historically, Hong Kong is known for being one of the key markets for luxury in the world. It represents five per cent of global luxury sales with a higher-than-average profitability for luxury groups. But the ongoing protests have led companies like Hugo Boss, Levi Strauss and Ralph Lauren to close some of their stores. Similarly, retail sales have fallen in 30 per cent in France, and 27 per cent in Chile. Strikes have crippled French transport. Sales were down 30 per cent to 50 per cent in the holiday season, a time when most retailers expect to achieve their full year results. French consumer confidence fell more than expected in December, hitting a five-month low. Paris is the headquarters of many of the fashion and luxury houses of the world.

Chile is one of the main regions in Latin America for fashion. About 60 per cent of Chilean consumers spent less amount of money during the season than the same period last year due to an increasing concern for the future of the economy as well as reducing debts.

Adidas has opened a new 45,000 sq ft hub in New York. The space houses office space and showrooms with latest products and collections.

The offices are designed according to the innovative Adidas workplace concept: it combines open, communicative areas with those of retreat areas focused for activities and meetings.

The space is intended to advance the group’s creations and give endless opportunities to their creators, and to shape the future of sport in the heart of North America.

Adidas’ also completed its building-expansion with a new office in its hometown, Herzogenaurach in Germany. The office is known as Arena, due it architectural façade, displaying the office in blocks resembling a stadium, hence the Arena christening.

The sportswear company has been growing at a steady and positive pace for that past years in both North and South America. Last December, the sportswear retailer opened new headquarters in Greenwich Village, New York. The penetration into the US market, Nike’s kingdom, is Adidas’ strategy to gain more market share.

Data from Bangladesh’s Export Promotion Bureau (EPB) shows, export earnings from the readymade garments (RMG) sector fell by 6.21 per cent to $16.02 billion during the July-December period of the 2019–20 fiscal following lower shipments of apparel items. Earnings totaled $16.08 billion in the corresponding period of the last fiscal year (2018–19).

The fall in RMG exports was due to instability in international markets and the economic recession in Europe and North America. US-China trade tensions, continuous fluctuations in world’s stock markets, devaluation of the taka against the US dollar and a rise in production costs against low prices offered by foreign buyers have caused the drop in exports.

According to AM Chowdhury Selim, Vice-President, Bangladesh Garments Manufacturers and Exporters Association (BGMEA), international economic recession and rise in the prices of utilities, gas and electricity are responsible for lower production. These have further eroded the association’s competitiveness in the international markets. As a result, the prices in international markets have dropped and export earnings show negative growth. The revised pay structure for the garments sector is also responsible.

As countries participating in the BRI initiative are expected to sign the Regional Comprehensive Economic Partnership (RCEP) this year, China’s textile industry needs to accelerate the adjustment of its products, capacity and trade structure to better integrate regional development in the next stage.

The RCEP will further enrich regional cooperative content in areas such as digital economy and intellectual property protection, paving the way for future cooperation among industries across the mega trade bloc. The rise of emerging markets such as Vietnam, India and Bangladesh has also changed the division pattern of labor and trade in the global textile business.

As data from Beijing-based CNTAC reveals: affected by weak demand from developed markets and the rise of protectionism, China’s textile and apparel exports dropped 2.2 per cent year-on-year to $232.31 billion between January and October last year.

In the meantime, the country’s shipments to the US, the EU and Japan declined by 4.5 per cent, 5 per cent and 5.5 per cent year-on-year respectively, while its total exports to countries and regions participating in the BRI grew by 1.3 per cent, and exports to Africa jumped 6.6 per cent from the same period a year earlier.

Pakistan’s textile industry is unable to meet export orders and cannot expand its operations to create an export surplus. Among the factors hindering Pakistan’s textile exports are the withdrawal of the zero rating status, the high energy cost and the cotton shortage. The industry wants the energy package continued for another five years. Sales tax is collected on value added items at each stage but refunds are only available after export. The production cycle requires 185 days to complete. This has triggered a huge liquidity crisis. Adequate finance and credit availability are stressed as vital for the growth and enhancement of the industry. Over the last five years Pakistan’s cotton production has fallen by 22 per cent which has caused a loss of almost two per cent of the total GDP. The textile industry will have to import five million bales to meet the requirements in the ongoing financial year.

Over the last one year, interest rate has increased from 5.75 per cent to 13.25 per cent, further restraining investment in the sector, along with increased working capital requirements owing to the recent devaluation of the currency. One suggestion by the industry is that advanced seed technology be available for quality seed development. Seed technology controls weeds and insects.

Lenzing is committed to reduce its carbon dioxide footprint by half by 2030. The vision is to become a carbon dioxide-neutral group of companies by 2050. With the growing wellness trend among consumers, Lenzing is developing fibers that keep users pleasantly cool and dry with natural comfort and versatility. Tencel Active is a group of cellulose fibers of botanic origin that keep the body pleasantly cool and dry with their natural comfort and versatility, enabling freedom to move with confidence. Lenzing is focused on introducing its award-winning Refibra technology and Lenzing Ecovero fibers to the active wear segment as well as the Lenzing Modal Black solution for colored fibers. Lenzing’s pioneering Refibra technology reinforces circularity through recycling cotton scraps with minimal emissions. The fully sustainable Lenzing Ecovero branded fibers offer transparent identification ensuring these viscose fibers are cleanly sourced and produced.

Water conservation is another environmental concern in the industry. Synthetic materials that are frequently used for sportswear, such as polyester, are naturally hydrophobic, making them more difficult to dye. To tackle this, Lenzing has introduced Lenzing Modal Black fibers, a spun-dyed fiber that incorporates the pigment during the extrusion production process. It can help lower energy and water consumption by 50 per cent compared to conventional dyed fabrics.

US imports of textile and clothing increased in value by 4.9 per cent in 2018. In volume terms, these imports rose by 5.9 per cent in 2018. The average price of US textile and clothing imports fell in 2018 for the seventh year in succession. The average import price declined 14.2 per cent over the seven- year period. The main cause for this was a decline in the average price of imports from China. US textile and clothing imports from China were up by 4.8 per cent in value and by 6.7 per cent in volume. While the price per sq. m. equivalent dropped year on year, the value and volume increased. As a result, the share of US textile and clothing imports which came from China accounted for 49.3 per cent in volume terms and in terms of value it accounted for 36.5 per cent. Cambodia, Bangladesh, India and Vietnam also showed a rise in value and volume to the USA. However, the shares of US imports from these countries are not really significant in value and volume terms. From January to October 2019, US apparel imports increased 2.6 per cent year on year, of which the cumulative value from China was down by 5.6 per cent.

New investments by Bangladesh garment manufacturers are focused on compliance and technology to meet buyers' requirement and workplace safety. Some are also concentrating on producing value added products. The latest technology and innovations are core in the investment as consumers’ behavior and taste are changing very fast in the fashion industry. As of now, Bangladesh has capacity in excess for some products and segments. So the new investment and expansion are focusing on new products having scope to grow. New ventures need more investments, modern technology, enhanced efficiency, productivity, compliance and environment-friendly measures to be sustainable and competitive in the global supply chain.

In 2019, many knitwear manufacturers in Bangladesh, mostly small and medium, shut down, making thousands of people jobless. Non-compliance and lack of implementation of the new wage structure are largely blamed for the closures. Other reasons are a lack of enough work orders and loss of competitiveness due to a rise in production costs. Units also complain of not getting banking support in improving compliance and meeting other necessary expenses. This is a tragedy of sorts since small factories have the capacity to offer specialized and small quantity products, which would suit the changing tastes of consumers.