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Looming recession threatens global textile and apparel industry

Looming recession threatens global textile and apparel industry

  The latest Economic Experts Survey paints a concerning picture for the global economy, with a significant risk of recession looming by the end of 2024. While experts remain cautiously optimistic overall, the potential impact on the textile and apparel industry is particularly worrisome. The World Trade Orga... Read more

The Shifting Fabric of Apparel Exports: Europe's diversifying landscap…

The Shifting Fabric of Apparel Exports: Europe's diversifying landscape

  The landscape of apparel exports to Europe is undergoing a significant transformation, driven by changing consumer demands, sustainability concerns, and geopolitical shifts. The European Union (EU) represents a vast and lucrative apparel market, one that is undergoing a significant shift in its import dynam... Read more

Piyush Goyal inaugurates CMAI's 'Brands of India' pavilion at Bharat T…

Piyush Goyal inaugurates CMAI's 'Brands of India' pavilion at Bharat Tex 2024

  The 'Brands of India' pavilion, organized by the Clothing Manufacturers Association of India (CMAI), was inaugurated today at Bharat Tex 2024 by Piyush Goyal, Hon. Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Government of India. The pavilion, loc... Read more

From Fast Fashion to Slow Fashion: How European buying habits are resh…

From Fast Fashion to Slow Fashion: How European buying habits are reshaping the industry

  Europe, the world's leading apparel importer, is experiencing a dynamic shift in its consumption patterns and sourcing strategies. This transformation is driven by numerous factors, including changing consumer preferences, sustainability concerns, and evolving supply chains.  A conscious shift in cons... Read more

PM Modi inaugurates Bharat Tex Expo 2024, emphasizes 5 F’s strategy

PM Modi inaugurates Bharat Tex Expo 2024, emphasizes 5 F’s strategy

  Prime Minister Narendra Modi inaugurated the four-day Bharat Tex Expo 2024 at Bharat Mandapam, heralding it as the world's largest textiles event. In his address, PM Modi underscored the government's dedication to integrating all facets of the textile value chain, encapsulated by the strategy of the five F&... Read more

US apparel industry navigates complex economic crossroads

US apparel industry navigates complex economic crossroads

  The US economy defied recessionary whispers, growing robustly in Q3 and Q4 2023. This presents both opportunities and challenges for the apparel industry, navigating a "swirl" of economic influences. While interest rates remain a headwind, tailwinds like a strong labor market and rising consumer confidence ... Read more

Gartex Texprocess India Mumbai edition concludes successfully

Gartex Texprocess India Mumbai edition concludes successfully

     The 3rd Mumbai edition of Gartex Texprocess India, concluded on February 3, emerged as a pivotal platform for the exhibition and procurement of pioneering products within the garment and textile manufacturing sector. Among the distinguished personalities gracing the event were Chandrakant Pati... Read more

India's silk industry: Production falters, imports arise, exports decl…

India's silk industry: Production falters, imports arise, exports decline

    In the wake of China's staggering 67 per cent decline in raw silk production between 2017 and 2021, India appeared poised to ascend as the global leader in raw silk exports. However, this anticipated shift failed to materialize, as India's silk industry grappled with inertia and a lack of proactive ... Read more

IAF, ITMF unite to combat audit and standard fatigue

IAF, ITMF unite to combat audit and standard fatigue

     In a concerted effort to tackle audit and standard fatigue plaguing the apparel and textile sector, the International Apparel Federation (IAF) and the International Textile Manufacturers Federation (ITMF) have issued a clarion call to industry stakeholders. Emphasizing the urgency of the matte... Read more

New Advisory Board to futureproof Spring & Autumn Fair marketplace

New Advisory Board to futureproof Spring & Autumn Fair marketplace

     In a strategic move to bolster the landscape of retail trade in the UK, Spring & Autumn Fair, the nation's premier showcases for Home, Gift, and Fashion, has unveiled the establishment of a pioneering Advisory Board. Objective is to spearhead the ongoing refinement of these flagship events... Read more

India’s textile industry navigates headwinds with slow exports and sta…

India’s textile industry navigates headwinds with slow exports and stable domestic demand

   The textile industry, a key pillar of the Indian economy, witnessed a mixed bag of results in Q3 of the 2023-24 financial year. While some companies like Arvind saw profits grow, others like Century Textiles struggled with revenue dips. This indicates differing responses to market pressures within t... Read more

India-UK FTA: Weaving a new fabric for textile and apparel trade

India-UK FTA: Weaving a new fabric for textile and apparel trade

  India and the UK are inching closer to a Free Trade Agreement (FTA), with potential significant impacts on the textile and apparel industry. While negotiations are ongoing, there are numerous anticipated effects on both imports and exports from this perspective. Data from the Global Trade Research Initiativ... Read more

Texworld Apparel Sourcing Paris concludes with 8,000 international vis…

Texworld Apparel Sourcing Paris concludes with 8,000 international visitors

  In the bustling heart of Paris, the Texworld Apparel Sourcing Paris event saw a convergence of nearly 8,000 international visitors eager to engage with 1,300 exhibitors from around the globe. Held at the Paris Expo Porte de Versailles from 5 to 7 February 2024, this year's event boasted a boldly designed sh... Read more

Apparel Exports to the US: A paradigm shift in the making

Apparel Exports to the US: A paradigm shift in the making

  The apparel industry, like many others, is experiencing a paradigm shift in its export dynamics to the US. Driven by factors like rising costs in traditional hubs, changing consumer preferences, and geopolitical tensions there is a shift towards new players and product categories. This shift is driven by ma... Read more

Europe's Source Fashion unveils diverse lineup

Europe's Source Fashion unveils diverse lineup

  The third installment of Source Fashion, Europe’s foremost responsible sourcing exhibition, kicked off with a bang, boasting its largest and most diverse array of manufacturers, suppliers, and artisans from over 20 countries. The event, held at Olympia London, featured a special appearance and keynote... Read more

The Fabric of Trade: Chinese imports loom large over India's textile i…

The Fabric of Trade: Chinese imports loom large over India's textile industry

  The influx of Chinese fabrics into India has become a contentious issue, raising concerns about unfair competition, job losses, and the fate of the domestic textile industry. This influx raises concerns about legality and the future of domestic manufacturers. The issue is fairly complex. Policy tailwinds f... Read more

Indian Textiles on the Brink: Can a new policy save the day?

Indian Textiles on the Brink: Can a new policy save the day?

  The Indian textile industry, once a global powerhouse, is facing significant challenges. Declining exports, ailing infrastructure, and fierce competition threaten its future. In a recent report, a Parliamentary Committee recognized the need for urgent action and called for a comprehensive National Textile P... Read more

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Silk cluster revival: Mysuru's sericulture gets a boost

   After seven years of dormancy, the Chamundeshwari Mega Silk Cluster is set to t... Read more

Chinese fashion icons team up with Canopy for forest protection

   In a significant move to mark the Lunar New Year, three prominent Chinese fashi... Read more

Liva sets sustainable fashion agenda at Bharat Tex 2024

   India’s premier fabric brand, Liva, has announced its active participatio... Read more

Marks & Spencer launches campaign for new denim collection

   Reshaping notions of versatility and inclusivity, Marks & Spencer has launc... Read more

Uniqlo to launch Spring/Summer collection in Paris

   Global apparel retailer, Uniqlo is set to launch the Uniqlo U 2024 Spring/Summe... Read more

Global yoga clothing market to reach $70,291.0 million by 2030: Report

   The global yoga clothing market is poised to reach $70,291.0 million by 2030, e... Read more

H&M Group, Arvind Ltd, collaborate to test Suprauno dyeing technology

   H&M Group and Arvind Ltd have joined forces to revolutionise the fashion in... Read more

Inditex expands low-cost brand Lefties to counter competition from Shein

   Parent company of Zara, Inditex is strategically expanding its low-cost brand, ... Read more

India records 11% surge in RMG exports in January 2023

   In January, India witnessed an 11 per cent surge in its RMG exports to $11.57 b... Read more

JAAF applauds signing of ECTA between India-Sri Lanka

   Foreseeing new export opportunities for the Sri Lankan apparel sector, Yohan La... Read more

Inditex expands low-cost brand Lefties to counter competition from Shein

   Parent company of Zara, Inditex is strategically expanding its low-cost brand, ... Read more

India records 11% surge in RMG exports in January 2023

   In January, India witnessed an 11 per cent surge in its RMG exports to $11.57 b... Read more

JAAF applauds signing of ECTA between India-Sri Lanka

   Foreseeing new export opportunities for the Sri Lankan apparel sector, Yohan La... Read more

Accessorize London and Unicommerce join hands to revolutionise online retai…

   In a swiftly evolving e-commerce landscape, Accessorize London and Unicommerce ... Read more

Calvin Klein's Landmark Entry in New Zealand

   Calvin Klein, the renowned fashion brand, has made its debut in New Zealand by ... Read more

Tom Glaser Headlines World Fashion Convention

   The International Apparel Federation (IAF) and the Sewn Products Equipment &... Read more

Brazilian Textile Firms Thrive at Emitex Trade Fair in Argentina

   The annual Emitex trade fair, held from April 25th to 27th, brought together ov... Read more

Target Faces $10B Valuation Drop Amid Pride Clothing Backlash

   In the past 10 days, retail giant Target has experienced a $10 billion loss in ... Read more

Sri Lanka Apparel Exporters Struggle Amid Western Economic Slowdown

   Sri Lanka's apparel exporters are facing a challenging period as they witness a... Read more

H&M Shutters Beijing Flagship Store Amid Changing Fashion Trends

   Swedish fashion giant H&M recently announced its decision to close its flag... Read more

BGMEA Requests Incentives for Non-Cotton Apparel Exports

   Bangladesh's readymade garments (RMG) sector is facing increasing competition f... Read more

Ralph Lauren beats expectations with strong Q4 results and China rebound

   Ralph Lauren Corp has reported better-than-expected profits and a surprising in... Read more

India: Gokaldas Exports' Profits Q4 Decline, Grow for Full FY23

   Gokaldas Exports, a textile manufacturer, experienced a 22.5% decline in net pr... Read more