Rising inflation indicates a negative outlook for Asia’s textile and a…
Recently released statistics by the CCF Group indicate, textile and apparel shipments of Southeast Asian countries rose in value and volume on a year-on-year basis while they declined on a month-on-month basis in May 2022. Ttextile and apparel exports from Bangladesh and India fell by over 10 per cent whi... Read more
Diversification and Digitization, keys to future success for fashion s…
The fashion industry is facing numerous challenges across countries. These include obstacles in delivery of in-demand products from suppliers. Also, suppliers are not able to predict demand due to uneven consumption patterns, says Achim Berg, Senior Partner, McKinsey & Co. Focus on new alliances and ... Read more
Productivity enhancement can help elevate workers’ conditions in Asia’…
Traditionally, the global hub of garment production, Asia continues to maintain its dominance across the world. However, off late, the region’s garment sector has been facing certain challenges induced by the pandemic, says a new report by the International Labor Organization (ILO). The report stat... Read more
Euratex launches ReHubs initiative to recycle 2.5 million tons of text…
Textile recycling industry is expected to provide social, economic and environmental benefits to around €4.5 billion by 2030. It would also create 15,000 new jobs by the period besides increasing the need for nearshoring and reshoring of textile production, as per the Techno Eonomic Study by Euratex&... Read more
ITMF annual conference returns as in-person event after three years in…
ITMF will hold the physical edition of its annual conference after a gap of three years from September 18-20, 2022 in Davos, Switzerland. The event will be hosted by Swiss Textiles and Swiss Textile Machinery. The theme will be: Climate Change and a Sustainable Global Textile Value Chain. It will focus ... Read more
Global luxury fashion prices on four-year high in 2022: Study
Luxury has just become more expensive, says a new report by Edited. Prices of luxury fashion products have surged 7 per cent above 2020 and 25 per cent above 2019, the report analyzes. They are currently at a four-year low though there’s less than 1 per cent year-on-year difference from last year. ... Read more
Rapid shift from informal to formal makes apparel demand unpredictable
With brands compelled to deal with issues like rising inventory costs and changing customer preferences, the first quarter of the year was a mixed bag for apparel retailers. A report by Modern Retail shows, revenues of retailers including Poshmark, Revolve and TJX Companies increased between 13 and 43 per... Read more
India’s textile dyes market to grow to $8 billion by 2031: IBEF
The latest India Brand Equity Foundation (IBEF) report forecasts, India’s textile dyes market will grow to $8 billion by 2031. Most of the growth will be stimulated by rapidly evolving fashion trends encouraging manufacturers to experiment with new color combinations and designs. The market wi... Read more
Turkiye’s textiles and raw materials exports sees over 12% risefrom Ja…
Turkiye’s textiles and raw materials exports increased 12.4 per cent to $4.6 billion during January-April 2022 compared to the same period of previous year. As per a Textile Intelligence report, exports of textiles and raw materials surged 13.7 per cent to $1.2 billion in April 2022 compared t... Read more
New technologies can add more value to Bangladesh RMG exports: BGMEA
A massive work order from global fashion brands and buyers led to Bangladesh’s RMG exports rising 33.81 per cent to $31.43 billion during the July-March FY2021-22 period.Though the textile and garment sector in the country is witnessing an excellent flow of orders, supply gain glitches, constant pow... Read more
Levi Struass& Co aims to rule the fashion market with new growth s…
Not satisfied with being known as one of the world’s most popular jeans brand, Levi Strauss & Co, aims to grow into an international conglomerate with a wide portfolio of brands and multiple stores with a strong presence in categories beyond denim,including tops and womenswear. The... Read more
Skechers awarded Men’s Footwear Brand of the Year
Skechers a brand from Skechers USA, Inc has been awarded Men’s Footwear B... Read more
India, UK concludes 4th round of talks for a free trade agreement
The Republic of India and the United Kingdom concluded the fourth round of talk... Read more
Denim brand Diesel launches new logo
Denim brand Diesel has launched a new logo ‘The Big D’ with an aim ... Read more
9th Intex South Asia-Bangladesh Edition concludes successfully
Reviving and revitalizing face-to-face business meetings through the physical f... Read more
Brazil’s Sanista Jeanswear collaborates with Eco Laundry for new collection
A Texbrasil company, Santista Jeanswear, which presented its winter ’23 c... Read more
Nike’s Q4 revenues drop 1% Y-o-Y
Nike’s Q4 revenues declined 1 per cent Y-o-Y to $12.2 billlion. Direct re... Read more
Levi’s collaborates with Reese Cooper for S/S’23 collection
Levi’s collaborated with Reese Cooper to showcase its Spring/Summer 2023 ... Read more
Lululemon to launch the Hike Collection on July 5
Activewear brand Lululemon plans to launch its Hike Collection on July 5, 2022.... Read more
Global zippers market to reach $22,280 million by 2028: Report
Due to the COVID-19 pandemic, the global zippers market, currently worth $16.76... Read more
KraigBiocraft Labs selects manufacturer for first apparel line by Spydasilk…
KraigBiocraft Laboratories, Inc, the biotechnology company focused on the devel... Read more
Lululemon to launch the Hike Collection on July 5
Activewear brand Lululemon plans to launch its Hike Collection on July 5, 2022.... Read more
Global zippers market to reach $22,280 million by 2028: Report
Due to the COVID-19 pandemic, the global zippers market, currently worth $16.76... Read more
KraigBiocraft Labs selects manufacturer for first apparel line by Spydasilk…
KraigBiocraft Laboratories, Inc, the biotechnology company focused on the devel... Read more
Government to set up 75 textile hubs to support exports: Piyush Goyal
The Indian government plans to setup 75 textile hubs like Tiruppur to support t... Read more
Government to introduce PLI for apparel manufacturers: Piyush Goyal
The government plans to introduce a production linked incentive (PLI) scheme fo... Read more
Garment manufacturers’ revenues to increase 9-11% this fiscal: CRISIL
Revenues of garment manufacturers could increase 9-11 per cent this fiscal to 1... Read more