Industry set for long-lasting change with growing emphasis on slow fas…
Consumers for long were driven by an insatiable appetite for latest trends. Lured by affordable prices and easy accessibility, they bought clothes in large amounts. However, they soon realized the redundancy of their purchases as most items were used only a handful of times and then discarded. In case, of chi... Read more
New Gen consumers setting new standards in luxury retail
Till a decade ago, the luxury market was dominated by baby boomers and Gen X. Today, majority of luxury consumers are barely over 40 years. Having a completely different set of values, millenials are setting new standards in luxury retail. Lowering of age group has led to the inclusion of new styles in luxury... Read more
MMF focus can help Bangladesh enhance textile value chain
From 2009-19, global textile and apparel trade grew at 3 per cent CAGR to reach $818 billion in 2019. Majority share is likely to be claimed by the apparel segment which is likely to grow to $470 billion, says a Textile Value Chain report. This will be followed by fabric and yarn as the second and third large... Read more
Highlighting achievements will help remove stigma around Bangladesh ap…
Bangladesh is regularly criticized for poor working conditions in its apparel factories, rising pollution, water wastage, etc. However, for several years, Bangladesh has supported apparel factories through the Accord and Alliance for Bangladesh Worker Safety agreement. The country has also carried out maj... Read more
Slow apparel, textile recovery calls for patience from industry leader…
The first quarter of this year is proving to be a boom for China’s textile and apparel industry with exports increasing 43.8 per cent to reach $65.1 billion, reveals China Customs Statistics Express statistics. As per China Textile, though China reduced its export projection for the year due to the pand... Read more
Time for brands to launch new collections as apparel demand bounces ba…
The vaccination drive launched by many countries and reopening of the US and UK economies has helped spur women’s interest in dressier clothing. As per Economic Times, more women are buying formal dresses against their earlier preferences for leisurewear. Brands are also adapting themselves to these cha... Read more
Growing consumer confidence will bring new opportunities for US retail…
While the retail sector in most countries is still struggling with COVID-19 induced challenges, the US retail has been quick to recover with analysts expecting its 2021 growth to surpass 2020 levels. However, the sector is unlikely to achieve 2019 growth levels and witness a 7 to 12 per cent fall in sales, sa... Read more
COVID-19 sparks consumers’ interest in vintage fashion
Amongst other disruptions COVID-19 has also sparked consumers’ interest in pre-owned or vintage clothing. More people are opting for secondhand clothes now, says Sarah Willersdorf, Managing Director and Partner, Boston Consulting Group. She expects the percentage of secondhand clothes in a person’s wardrobe... Read more
Post Brexit apparel prices vary between the UK and EU
Brexit has not just changed the way fashion business operates but also brought certain discrepancies in apparel pricing across the EU and UK regions. As per a report by the Edited, tops and outerwear are being sold in the same price range in the EU and UK. However, prices of footwear and bottoms in these two ... Read more
New Age fit-tech tools assure customers of better shopping experience
Fitting room closures due to the pandemic has left most shoppers guessing the size of their garments, spiking rate of garment returns. To help these shoppers find their right fit, a number of new fit-tech startups are emerging. Artificial intelligence at stores FitMatch one such startup, opened a first-of-i... Read more
Vaccine rollouts, localization to boost India’s luxury retailer’s pros…
Like all other markets, the luxury fashion rental market too is bearing the brunt of recurrent COVID-induced lockdowns. As per Money Control, almost 80 per cent property owners in Indian high streets have witnessed 14 per cent decline in their rents. One of these prominent high streets is New Delhi’s Kh... Read more
Denim apparel imports by US increase by 0.61% in FY21 Q1
Global blue denim apparel imports by the United States in the first quarter sur... Read more
Adidas raises 2021 sales outlook
German sportswear giant Adidas raised its 2021 sales outlook as it expects stro... Read more
Kontoor Brands increases Q1 revenues by 29%
In its first quarter of the current financial year Kontoor Brands, Inc. a globa... Read more
Australian brands raise capital for COVID-hit India
Australian fashion and homewares retailers with suppliers in India are raising ... Read more
H&M’s AGM approves board proposals for fees and elected members
Held under the chairmanship of lawyer Sven Unger, H&M’s annual genera... Read more
Puma adds new board members
German sports equipment brand Puma has promoted Arne Freundt, Managing Director... Read more
Superdry’s Q4 revenues increase by 0.8
Helped by the popularity of online and wholesale business, British fashion bran... Read more
Premium Exhibitions cancels July’s physical editions
Scheduled to debut as physical events, Seek, Premium and Fashiontech have been ... Read more
Asahi Kasei’s new collection offers diversified technologies
Asahi Kasei’s new S/S 2022 high-tech fabric collection, Ecosensor™ ... Read more
Fruit of the Loom, Zara launch first joint capsule collection
Iconic apparel brand Fruit of the Loom and fashion retailer Zara have launched ... Read more
Premium Exhibitions cancels July’s physical editions
Scheduled to debut as physical events, Seek, Premium and Fashiontech have been ... Read more
Asahi Kasei’s new collection offers diversified technologies
Asahi Kasei’s new S/S 2022 high-tech fabric collection, Ecosensor™ ... Read more
Fruit of the Loom, Zara launch first joint capsule collection
Iconic apparel brand Fruit of the Loom and fashion retailer Zara have launched ... Read more
Next raises full-year profit forecast
British fashion retailer Next raised its full-year profit forecast for the seco... Read more
V2 Retail closes non-performing store in Karnataka
Sportking India’s March quarter profit jumped by 3,475 per cent to Rs 44.... Read more
COVID-19 impacts Bangladesh’s apparel exports to the US
The fallouts of the pandemic COVID-19 have badly impacted the prices of Banglad... Read more