To reduce dependence on virgin resources and decarbonize operations, the fashion industry needs to introduce, new textile recycling technologies, says Katrin Ley, Managing Director, Fashion for Good that recently released its most comprehensive report on textile waste recycling in India. Titled, &ls... Read more
Sri Lanka’s economic fallout made headlines in the last few months. Pakistan is also on a similar path with most of the country’s foreign currency reserves fast depleting and inflation levels rising to unprecedented levels. The country’s exchange rates are also on a downfall while ... Read more
The recent success of high-end apparel manufacturing nations like Sri Lanka can be attributed to three defining characteristics including robust secondary supply chains, high-skilled staff and a cost-competitive location. Sri Lanka has one of the most skilled workforce besides being strategically located,... Read more
A conference organized by the Trade Promotion Department, Vietnam’s Ministry of Industry and Trade highlighted, the country has grown to be the third largest clothing exporter in the world. Vietnam’s textile and garment exports account for 6.4 per cent of the world’s total after China wi... Read more
Nearly 59 per cent of respondents to a survey by the Global Expert Network members of the Luxury Institute believe, current economic slowdown will lead to a downturn in the global luxury goods and services sector. Around 41 per cent predict, current situation will lead to a recession in the global luxury ... Read more
Increasing focus on sustainability is propelling the growth of global secondhand apparel market that is likely to expand at 11.2 per cent CAGR from 2021-2031. Sales through online channels are likely to grow at 17.9 per cent CAGR through the assessment period, says latest Future Markets Insights report. ... Read more
Upgrading the retail sector’s outlook from negative to stable, credit rating agency ICRA projects a 13 per cent revenue growth for the sector in FY2023, with operating profit margins rising by 150 bps to 8.2 per cent Y-o-Y. Retailers curb discounts as costs increase Reduced sales compelled r... Read more
Consumer’s desire for fast fashion continues to grow stronger with each passing year, shows the latest data from FactSet compiled with the data from United Nation’s Comtrade Using UN customs export data by countries, the report shows, the apparel and footwear industry manufactured and e... Read more
Held on July 19-20, 2022, at The Radisson Hotel, Lonavla, Maharashtra, the Change Masters Conference was a first-of-its-kind B2B event for the intimate wear industry in India. Propelled by the idea of encouraging young leadership and new business processes, the Change Masters Conference was introduced by... Read more
Retailers in India, especially shopping malls, hope, the upcoming festival season will boost sales after the pandemic-induced slump. The festive season in India starts from July 28 with festivals like Nagara Panchami, Raksha Bandhan, and Varamahalakshmi in August. The season continues till January, coveri... Read more
Home textile has gradually become the second most export earning sector for Bangladesh after readymade garments. A recently report from Export Promotion Bureau shows, Bangladesh’s home textiles grew 41.3 per cent to $1.46 billion during July-May 2021-2022. In fiscal 2021-22, Bangladesh’s... Read more
The 7 per cent hike in the minimum wages of workers in Los Angeles is impacting apparel makers in the city. The hike is leading to an additional $60,000 a week in wages for workers in the city. According to Dov Charney, Founder, Los Angeles Apparel, it forces the domestic manufacturer to be more efficient... Read more
Optimism thrives in the global fashion industry with 77 per cent respondents to the 9th annual Fashion Industry Benchmarking Study expecting brighter prospects for the industry over the next five years. Conducted by, The United States Fashion Industry Association (USFIA) the study surveyed over 30 leading fashi... Read more
Apparel retail has started buzzing again with prices increasing in both India and globally. The apparel and footwear segments in India are growing in double digits with offline retailers’ revenues rising almost 25 per cent this year, as CRISIL report indicates. Encashing on this, Indian apparel retailers are se... Read more
Refreshing wardrobes has now become more expensive for consumers with apparel prices rising 0.8 per cent in June compared to May and 5.2 per cent year over year, according to the US Bureau of Labor Statistics’ consumer price index. In recent times, many apparel retailers including Target, Gap and Walmart... Read more
To boost recovery of China’s cotton market, Beijing aims to buy half a million tons of Xinjiang cotton for state reserves. China’s cotton market has been on decline ever since US announced ban on cotton made in Xinjiang. Beijing has announced plans to buy between 300,000 and 500,000 tons of Xinjiang cott... Read more
Apparel makers are urging European manufacturers of equipment ranging from embroidery machines to textile cutters to bring back production closer home. Arthur Kitta, Head-Sales-Europe and Africa, Durkopp Adler GmBh attributes this to the desire of factories in Europe, North Africa and Middle East to expand and moder... Read more
Fast fashion brands across the US and the UK markets have increased price points across, reveals latest data from Stylumia. Based on latest analysis by KPMG, the report compares retail list price of select brands and retailers in the standard and fast-fashion segments. The performance of these brands and retailers is... Read more
The outlook for China’s textile industry is rather bleak. Nearly, 30 per cent companies have reported a loss in the first five months of this year, as per data by China National Textile and Apparel Council. Similarly, companies’ total profit declined 20 per cent compared to the same period last year. The ... Read more
The European fashion industry seems to be going back to nature as fabrics made from plant-based materials are set to dominate most collections in autumn/winter 2022-23 season. A report titled ‘Survey of the European fabric fairs for autumn/winter 2022-23,’ by the global business information company Textil... Read more
After last year’s record number of partnerships, the fashion industry is witnessing a few big partnerships this year as well. Some major partnerships are from design houses like Louis Vuitton, Gucci, Prada, Balenciaga, etc. The first of these partnerships includes the collaboration of Kanye West and Gap’... Read more
Apparel Industry experts in Bangladesh believe, the country is fully equipped to cope with the European Union’s recent decision end to fast fashion by 2030 The EU recently announced an expansion of its eco-design rules in textile products. The Union also urged big companies to disclose the volume of unsold inv... Read more
Fashion brands across the world may rejoice over putting pandemic gloomiest seasons behind but fashion manufacturers in Italy, both big and small, are keeping a close watch on current economic and geopolitical scenario. As per a Woman’s Wear Daily report, the government in Italy is introducing a range of ... Read more
Posting a ‘V-shaped’ rebound from the pandemic, global luxury sales surged 7 per cent to $301 billion in 2021 over 2019 pre-pandemic levels, reveals consulting firm Bain & Co. Sales of luxury players including Chanel and Hermes’ grew almost 30 per cent. However, the impending global economic rec... Read more
Even though most apparel sold in the US is made overseas, many designers and brands in the country continue to flaunt their garments as ‘Made in the US’. As per a Lifestyle Monitor report, the US currently makes 97 per cent of its apparel overseas. This is in sharp contrast to the 1960a when about 95 per... Read more
In May 2022, China’s PSF exports increased 24.4 per cent Y-o-Y and 0.8 per cent M-o-M to 90,000 tons. Imports declined 44.4 per cent Y-o-Y and 8.5 per cent M-o-M to 6,500 tons. However, in the first five months of 2022, exports declined by 4.6 per cent Y-o-Y to 19,200 tons, says a CCF Group report. China gave ... Read more
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
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
Heralding a textile revolution in India, the textile machinery industry is transforming from labor-intensive to a more modern and automated manufacturing ... Read more
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
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
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 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
Spurring the biggest economic contraction since World War II, COVID-19 has hit every sector from finance to hospitality. Its discretionary nature makes the sector particularly vulnerable, say McKinsey... Read more
Top global brands/retailers have been flocking to Bangladesh for the quality of denim products at competitive prices. A new relatively new entrant in denim, Bangladesh expects strong demand for their ... Read more
Even before COVID-19 pandemic, most Western brands and retailers were struggling to survive. In the new millennium, brands and retailers increased their reach to new geographies by opening more and mo... Read more
Even as brick-and-mortar shut down, fashion firms can position themselves for recovery when the COVID-19 pandemic fades, says a McKinsey study. However, to achieve these objectives, firms need to firs... Read more
CANCEL the shipments, is not the right word at the moment, perhaps to HOLD could be more reasonable. Brands should stand by their commitments as their orders are already in process. This is the only ... Read more
‘Retailers need to inform customers about the category of masks they are selling’
Bobby Arora, Director, Status Quo
“We wait for customers to come into our stores. At this moment it is important for every offline retailer to reach out to their customers and tell them about the new products they have started selling. They need to tempt and bring their customers to buy their product and when they buy they will obviously come in and buy more products. Sometimes even though we do not want to buy online but the continuous rotation of ads tempt us to buy the product but this doesn’t happen offline. In today’s situation retailers will have to adopt this approach of showing customers the products they need as it could be they are delaying the purchase of these products.”
Read Full Interview Here
“China’s superiority may remain unchanged even after COVID-19”
“Discount retailers and value-oriented brands stand to win”
“Deferral of some duty payments and import fees would provide needed liquidity”
‘Don’t use this opportunity to stitch up suppliers’
“Crisis presents opportunities, and we will be ready to act on those that make good strategic sense”
“Coronavirus lockdown has changed our lifestyles in ways that make buying new clothes particularly irrelevant”
‘India can take advantage of this situation and increase its textile exports’
“Buyers and Sellers should plan together to see how they can sustain”
‘We need to learn from this crisis and push ourselves to be self-dependent’
‘There is an opportunity for India as everyone will look for an alternative source’
‘Future apparel sale will depend on the sentiment that prevails after COVID-19’
“I do not think any country is equipped to replace China including India”
‘Once the country opens up, we will face severe worker issues’
In short to midterm, it would impact as there’s disruption in global supply chain
‘Once everything normalizes there will be a big momentum’
A new research report by environmental research organization Toxic Link reveals... Read more
Textile Secretary ShriUpendra Prasad Singh inaugurated the seventh edition of G... Read more
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
The plus size clothing market is expected to grow at a 5.7 per cent CAGR from $... Read more
Mohammad Ali Khokon, President, BTMA urged TipuMunshi, Commerce Minister to ens... Read more
Nearly 400 cotton ginners, brokers, spinners, and traders from different parts ... Read more
Eleven manufacturing industries in the US reported growth in July, with apparel... Read more
Vietnam expects to earn $45.7 billion from garment-textile exports this year am... Read more
Representatives of KraigBiocraft Laboratories, Inc’s apparel brand SpydaS... Read more
India’s largest farm-to-fashion natural fibre digital ecosystemReshaMandi... Read more
YohanLawerence, Secretary General, JAAF urged authorizes to continue with the G... Read more
House of Anita Dongre will soon open its first flagship store showcasing premiu... Read more
MAS Holdings has launched a new venture by acquiring the assets of BAM Knitting... Read more
Homeboy Industries has partnered with American clothing brand Guess to launch a... Read more
The 2021 Environmental, Social, and Governance (ESG) Report by American sports ... Read more
On July 26, adidas adjusted its guidance for FY 2022 due to the slower-than-exp... Read more
The 8th Vietnam Textile Summit 2022 will be organized from September 22-23, 202... Read more
Puma will organize a global event on September 06 to discuss solutions for some... Read more
The value of Bangladeshi taka has depreciated to 102 for one single dollar from... Read more
For the first quarter ended June 30, 2022, Sangam (India)’s net profit de... Read more
Pakistan's textile exports dropped by 10 per cent to $1.54 billion in July 2022... Read more
The Indonesian government aims to increase its national textile and textile pro... Read more
The Uttar Pradesh government plans to introduce a new textile policy to boost i... Read more
The Lenzing Group’s revenue grew by 25.2 percent Y-o-Y to reach €1.2... Read more
Higher production costs led to India’s export of readymade garments (RMG)... Read more
Industry experts say, export orders of garments and home textiles from the US a... Read more
The Japan Textile Federation has published new guidelines for companies to pay ... Read more
WGSN and Copenhagen Fashion Week have collaborated to provide creatives with in... Read more
The Council of Fashion Designers of America (CFDA) has released the preliminary... Read more