In the recent past, you have wished and been wished a happy new year. When was the last time someone wished you happy new product? In case you have to stretch your memory about your last new product launch, chances are your products are dated! Let’s take a sock manufacturer as an example. Say, they have been happy with their business as the local market they have been supplying to has been kind to them. Business is steady and profits are healthy. They are unlikely to innovate, presumably somewhat oblivious that they are indeed part of the booming worldwide socks market. As retailers and e-tailers look for fresh new products to woo their customers, this sock manufacturer is likely to take a back seat. On the global scene, the socks market is one of the fastest growing segments of the apparel industry with a compound annual growth rate of 8.5% at present. By 2023, the global socks market is estimated to be worth around the $11.6 billion mark. Specialty socks, athletic s... Read more
Pinakin Chaubal holds Master’s degrees in Management and Textile Engineering. He has been a long time assessor for NATA ISO 17025 laboratory accreditation and has contributed to the review and drafting of several Australian, Joint Australian / New Zealand and International Standards on textiles, clothing and footwear. Global brands like H&M, Zara and most others are getting settled in India at an unprecedented rate. In fact, it’s more a case of who hasn’t entered the zoo, rather than who has. Global selling platforms like amazon.com have been successfully wooing Indian suppliers. Historically price sensitive apparel products like inner ware are moving to brand sensitive categories in the minds of local consumers. Now where does all this leave your product? At the centre stage! In this competitive market, if your product does not take the centre-stage, it will lag, struggle for a while and may eventually suffer from severe competitive arrest. Brand ma... Read more
The global apparel trade and retail landscape has thrown up a complex mix of opportunities and challenges in 2025. While... Read more
The Netherlands, once a bastion of brick-and-mortar retail, is going throough a multifaceted transformation. From bustling city centers to quaint... Read more
After attracting nearly 20,000 visitors from 45 countries and regions last year, Yarn Expo Shenzhen is set to return from... Read more
A global backlash is intensifying against the rapid proliferation of duty-free, low-value parcel shipments, predominantly originating from China's fast fashion... Read more
CHIC Shanghai 2025, Asia’s largest fashion trade fair, successfully launched from March 11 to 13 at the National Exhibition and... Read more
Bangladesh's ready-made garment (RMG) industry, a global powerhouse, continues its rapid expansion, leading to rise in raw material imports. Recent... Read more
A recent analysis of collated export data by CITI for February 2025 reveals some intriguing trends for Indian textile and... Read more
The recent investigations by the Central Goods and Services Tax (CGST) officials into over 20 textile units across India, over... Read more
In a retail scenario that is constantly shifting with changing consumer preferences and economic pressures, Gap Inc., and specifically its... Read more
The Fourth Moscow Fashion Week, held from March 13 to 18, 2025, at the Manege Central Exhibition Hall, reaffirmed its... Read more