Nike quarterly profit down 11 per cent
Nike has to walk its talk of “Just Do It” as it witnesses an 11 per cent slide in profits from December 2022 to February 2023, compared to the same period 12 months ago. As it reported a profit of $1.2 billion the stated three-month period, robust popularity contributed towards it but pr... Read more
Retail discount schemes seesaw in impending recession markets
To give or not to give, is the question that retailers and brands across all apparel categories are asking when it comes to giving discounting schemes to clear inventories piled up during the Covid years as well as to tide over the impending recession. As no two downturns are exactly alike, all branded se... Read more
Purchasing power of Gen Z consumers determine fashion trends today
Almost 25 per cent of global population fall under GenZ category consumers. In developed countries as well as in urban pockets of emerging economies like India, Gen Z has the unique advantage of being the first generation of digital natives who are supremely confident of themselves and are genuinely... Read more
Resale fashion ready to close the circularity loop
The once looked-down upon as the poor woman’s go-to, second hand fashion is no longer the poor country cousin but all the rage as societal changes are amply clear about today’s aware and evolved consumers habits, their relationship with ownership of material things and their buying behav... Read more
Pakistan struggles for renewal of EU’s GSP Plus scheme
Pakistan, a significant beneficiary of the European Union’s GSP Plus scheme, is finding it tough to secure renewal for the next period starting 2024. GSP Plus booster for exports The GSP Plus is a special incentive arrangement for sustainable development and good governance and Pakistan has ... Read more
SHEIN faces multiple accusations in US, South Africa of using slave labor a…
A coalition named "Shut Down SHEIN" is running a campaign to raise awareness of Shein's alleged human rights abuses and questionable business practices. Shein is a fast-fashion company based in China, claimed to have with links to TikTok and the Chinese Communist Party. The campaign's objective is ... Read more
Right merchandising can help fashion brands succeed in today’s uncertain en…
“Great merchandising, like great value, never goes out of fashion. In a dynamic and increasingly digital apparel, fashion, and luxury market, companies that get merchandising right tend to outperform their peers,” says McKinsey. In their article ‘Great merchandising never goes out ... Read more
Proposed mega textile parks a potential game-changer for India's textiles i…
The government’s decision of setting up seven Mega Integrated Textile Region and Apparel parks across the country will boost India’s textile industry and take it to the next level. The initiative aims to create world-class facilities, state-of-the-art infrastructure and an integrated val... Read more
As Sri Lanka’s apparel workers face lay-offs, brands need to take responsib…
Yohan Lawrence, Secretary General, Joint Apparel Association Forum (JAAF), Sri Lanka, is optimistic the country can increase its annual apparel export revenue by at least $500 million if they are allowed to export more items to India. Indeed, Sri Lanka’s apparel manufacturers have succes... Read more
India’s fashion retail segment poised for good growth with return to normal
Finally India’s fashion retail can look ahead with more optimism as the sector is expected to see good double digit sales growth in FY23. As per a report by credit rating agency ICRA, rising discretionary spending and normalisation of store operations post pandemic, India’s fashion retai... Read more
Global inflation hits some countries harder
Top apparel exporters have been hit badly by ongoing inflation and unstable prices across the globe.Retail outlets are finding it tough to pay electricity bills,shipping charges and other logistics. At the same time, food prices have almost doubled leaving consumers cash-strapped in many countries a... Read more
February sees US apparel store sales grow as India’s exports share rise: Wa…
Despite inflationary pressures, monthly apparel store sales in the US for February 2023 recorded a 13 per cent increase to reach an estimated $14.9 billion compared to the same month of 2022. In 2022, sales were 7 per cent higher than in 2021. This was revealed in Wazir Advisors March 2023 ‘Ap... Read more
Report on environmental cost of online’s free returns policy in UK released
According to a report by the British Fashion Council's Institute of Positive Fashion, “Solving fashion’s product returns: How to keep value in a closed-loop system”, outlines a framework of recommendations to address the issue. The report highlights the need for the fashion industry to t... Read more
Global ethnic wear market to reach $177.2 Billion by 2031, driven by rising…
The global ethnic wear market is expected to reach $177.2 billion by 2031, growing at a CAGR of 7.2 per cent from 2022 to 2031, according to a new report published by Allied Market Research. The report cites increasing demand for fusion wear globally, the emergence of mix-and-match styles, the availabili... Read more
Global home textile market to be a $140 billion industry by 2027: Study
Canada-based Transparency Market Research has published a comprehensive analytical report on the global status of the home textile sector. The research covering 2019 to 2027 states, the market growing at a CAGR of 5 per cent will be worth $ 140 billion. In another report published by Markets & R... Read more
India: GST and high inflation a deadly combo for Surat mills
Mills in Surat reported a substantial drop in business around Diwali 2022. The estimated decline compared to the same festive season of 2021 was 60 per cent, a near death-knell for the synthetic textile sector in Gujarat’s second largest city. What are the main reasons for this sharp decline i... Read more
Tencel and RCGD Global showcase sustainable fashion at the Oscars for the f…
Lenzing’s Tencel brand and RCGD Global, formerly known as Red Carpet Green Dress, have teamed up for the fourth year running to highlight eco-couture at the Oscars. Sustainble Oscar occasion wear Bailey Bass and Chloe East wore bespoke sustainable occasion wear made from Tencel branded fibres and ... Read more
Men’s formal suit segment undergoes alterations
The traditional classic readymade men’s suit will always stay relevant in the premium formal wear retail segment, even if its popularity has slightly waned in post-Covd dress-down times. With an USP of making the wearer stand out whenever and wherever, this is a forever style even when bespoke or made-t... Read more
‘Bangladesh wants to cooperate and collaborate instead of competing with India,’ BGMEA President
Bangladesh apparel industry has bounced back from the pandemic with order books full and deliveries happening across the globe. Expecting to touch $41 billion in apparel ... Read more
‘Suppliers, brands need to rebuild relationships not to repeat similar mistakes in future’, IAF President
The pandemic and now the Russia-Ukraine war have put a lot of pressure on global apparel market across the value chain. The industry is coping with numerous issues includ... Read more
Growing demand from domestic, foreign players boosts India’s textile machinery b…
Heralding a textile revolution in India, the textile machinery industry is transforming from labor-intensive to a more modern and automated manufacturing ... Read more
Innovation key highlight at ITMA 2023
ITMA has announced it will continue to present and share innovative manufacturing technology and materials with the industry at its 19th edition in Milan.... Read more
Santoni launches new XT intarsia machine
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
Gartex Texprocess to be launched as a hybrid event
In conjunction with MEX Exhibition, Messe Frankfurt Trade Fairs India will hold Gartex Texprocess India as a hybrid event. The event will scheduled alongs... Read more
Kornit Digital reports revenues of $57.4 million in Q3
Kornit Digital reported revenues of $57.4 million in its third quartercompared to $47.3 million, net of $2.4 million attributed to the non-cash impact of ... Read more
Levi's faces accusations of 'digital blackface' over AI-generated models
Levi's faces criticism after teaming up with Amsterdam-based digital studio Lal... Read more
Making Indonesia 4.0: Govt implements machine restructuring program to boos…
Indonesia's Ministry of Industry is rolling out a machine restructuring program... Read more
CHINA INSIGHTS
Contributed by Mr. Zhao Hong & Ms. Xing Rong
Amid unprecedented Non Woven growth, China revises mask quality standards
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
China: Silk city Shengze is pilot zone for the world-class textile cluster
Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
H&M posts surprise Q1 operating profit despite weak demand amid soaring…
H&M, the world's second-largest fashion retailer, has reported a surprise o... Read more
Growing number of global retailers withdraw from Myanmar amid political tur…
Global clothing retailers, including Fast Retailing and Marks & Spencer, ar... Read more
G-Star Raw launches AI-generated collection designed by AI
G-Star Raw, a Dutch denim brand, has launched a 12-piece collection designed wi... Read more
Fashion companies urged to Implement worker-centered Living Wages, says QUT…
Despite numerous initiatives promoting living wages for garment workers in the ... Read more
Comprehensive development plan set to uplift Egypt's textile industry
The Ministry of Public Business Sector in Egypt is set to open new textile fact... Read more
Apparel, textile industries unite to tackle audit and standard fatigue with…
The apparel and textile industries face a major challenge with audit and standa... Read more
New tool set to tackle denim's environmental impact at denim show
The upcoming Kingpins Amsterdam show is set to debut a new tool that could revo... Read more
Pakistani T-Shirt exports see impressive growth for second year in a row
Pakistan's T-shirt export industry is enjoying substantial growth in recent yea... Read more
Presenting Fascinating Facets of Textile & Clothing (T&C) Industry.
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