Source Fashion, Europe's fastest-growing sourcing platform, is expanding again for its next edition in February 2024, with a 50% increase in exhibitors to over 320 from around the world. The show is the gateway to the UK fashion industry, putting international manufacturers and suppliers at the fingertips of UK brands.
Source Fashion offers a unique and unmissable experience for decision-makers in buying, sourcing, and procurement. All exhibitors have been audited to ensure sustainability and transparency are at the heart of their business models.
The next show unites manufacturers from a diverse range of countries, including the UK, India, Portugal, Turkey, Madagascar, China, Sri Lanka, Nepal, Peru, the Philippines, and Ethiopia, with newcomers from Mongolia, Lithuania, and Tunisia.
Visitors will love the quality, diversity, and variety of producers, makers, and manufacturers from around the world, with the best of the best in terms of high-quality knitted apparel, luxury wool knits, leather, denim, and more across our sectors, including Fabrics, Accessories, Sportswear, Garment Manufacturers, Packaging, Yarns, Trims and Fixtures, plus Design & Technology.
Source Fashion connects global manufacturers and suppliers to buyers who want the security of knowing that every conversation is one that could lead to a new range creation. The show is the gateway to retail for manufacturers and suppliers from across the world. With a content stage dedicated to presenting and discussing the latest trends, innovations, and topics in responsible and sustainable manufacturing from internationally renowned industry professionals, as well as the inspirational Source Catwalk shows, Source Fashion is the must-attend event for the fashion community.
Source Fashion takes place on 18th–20th February 2024 at Olympia London.
The cashmere knitting yarn market is projected to grow at a CAGR of 8.9% from 2023 to 2030. The market is driven by the rising demand for luxurious and comfortable clothing, accessories, and home textiles.
The market is segmented by type, application, and region. By type, the market is segmented into carded yarns and combed yarns. Carded yarns are coarser and suitable for casual wear, while combed yarns are smoother and finer and ideal for luxury garments.
By application, the market is segmented into cashmere clothing, accessories, and home textiles. Cashmere clothing includes sweaters, cardigans, and dresses. Cashmere accessories include scarves, hats, and gloves. Cashmere home textiles comprise blankets, throws, and cushions.
The key players in the market are Loro Piana, Cariaggi, Consinee Group, Filati Biagioli Modesto Srl, Erdos, Xinao, Filpucci, Kingdeer, and Zhongding Textile. These companies are investing in research and development, expanding their global distribution channels, and collaborating with renowned fashion brands to boost the market.
The report provides a comprehensive analysis of the cashmere knitting yarn market, including market size, growth drivers, trends, and challenges. The report also provides insights into the competitive landscape and the strategies adopted by the key players.
A report by Bain & Company and TMRW House of Brands predicts that digital disruptor brands are poised to surpass the growth of India's online fashion market, with an anticipated annual growth rate of 35 percent. This surge is expected to propel the market to $10 billion by FY28, up from its current size of $2.4 billion.
The report, titled 'India’s Digital Fashion Disruptors: Navigating the Future of Fashion,' highlights the remarkable growth of digital disruptor brands, which are brands originating from online sales.
Over the past four years, these brands have grown by an impressive 33 percent and are expected to expand their market share further. The report emphasizes that younger consumers, particularly Gen Z and millennials, are driving this growth.
The report also anticipates that by FY28, approximately 50 digital disruptor brands are expected to surpass revenues of Rs 250 crore. Such successful brands will be characterized by disciplined product expansion, strategic channel approaches, effective marketing, and structured supply chain management.
This growth potential is expected to instill confidence among investors in the Indian fashion sector, resulting in increased funding and investments.
Pure London x JATC, the UK’s largest fashion festival, has unveiled its theme for the February 2024 combined show: 'Cabinet of Curiosity.' In collaboration with trend agency Vesuvius, this groundbreaking event promises an expanded array of inspiring fashion designers and brands, inviting buyers into a world of wonder, experimentation, and joy. Trend Forecaster Malaika Ewande, Vesuvius Founder, shared that the theme was inspired by the convergence of fashion markets, sparking curiosity and mystery. 'Cabinet of Curiosity' bridges the gap between newer fashion values like conscious consumption, holistic craftsmanship, and a penchant for unique, enduring products, expressed through contemporary art-inspired designs.
The color palette, featuring earthy tones like peat, buckskin, brown rice, and deep red, contrasts with serene, calming shades of mist and faded denim. These juxtaposed elements will permeate the season's campaign and come to life on the catwalk and throughout the show's features.
Event Director Gloria Sandrucci is thrilled about the theme's creative potential and industry resonance, anticipating a transformed show at Olympia London in February 2024.
Creative Director Juls Dawson believes 'Cabinet of Curiosity' mirrors the excitement surrounding the combined Pure London X JATC event, symbolizing the wealth of discoveries and connections attendees will make.
The show, taking place from February 11th to 13th, 2024, will present over 300 curated brands at Olympia London. Visitors can explore the season's trends on the catwalk, guided by Malaika Ewande, and exhibitors can attend an exclusive trend breakfast on February 12th, 2024. Scoop International will also run concurrently at Olympia West from February 11th to 13th, 2024.
In the fashion industry, a brand name is essential for success. It needs to be unique, globally recognizable, visually pleasing, and have a story behind it. However, even some of the most well-known fashion brands are often misspelled.
According to a study by JOOR, Adidas is the most misspelled fashion brand, with an average of 556,000 online misspellings per month. Chanel is in second place, with 408,700 misspellings, and Swarovski is in third place, with 85,300 misspellings.
Other commonly misspelled fashion brands include Louis Vuitton, Versace, Jacquemus, Asics, Christian Dior, Moncler, Bottega Veneta, Tommy Hilfiger, Lacoste, Tag Heuer, Vivienne Westwood, and Dolce and Gabbana.
There are a few reasons why fashion brands are often misspelled. One reason is that the names of these brands are often made up of foreign words or phrases. Another reason is that the names of these brands are often long and complicated.
Whatever the reason, misspelling a fashion brand can have a negative impact on the brand's reputation and its ability to attract customers.
So, if you're thinking of starting a fashion brand, make sure to choose a name that is easy to spell and remember.
The 42nd HKTDC Hong Kong Watch & Clock Fair and 11th Salon de TE will be held from 5 to 9 September at the Hong Kong Convention and Exhibition Centre (HKCEC).
The fairs will gather more than 700 global exhibitors from 17 countries and regions, showcasing a wide range of watches and clocks, from high-end luxury timepieces to affordable fashion watches.
One of the highlights of the fairs is the debut Guo Chao theme, which will welcome several remarkable mainland watchmakers who will showcase timepieces that intricately blend Chinese cultural elements.
The World Brand Piazza will also be a major attraction, featuring an impressive lineup of 10 international watch brands, including Bovet, Carl. F Bucherer, Corum, CVSTOS, DeWitt, Franck Muller, Jacob & Co., Kerbedanz, Parmigiani Fleurier and Sarcar Geneve.
In addition to the exhibits, the fairs will also feature a variety of forums, seminars, watch parades and networking events. Salon de TE will be open to the public aged 12 and above on 8 and 9 September, and will feature exciting activities such as watch parades, watch and painting demonstrations, embroidery watch crafts, product launches and more.
Visitors can also participate in lucky draws, with prizes including luxury watches, fashion accessories, dining vouchers and more.
The fairs are a major event for the watch and clock industry, and provide a platform for buyers and sellers to meet, network and do business. They are also a great opportunity for watch enthusiasts to learn about the latest trends and see the latest products from leading brands.
Kontoor Brands, Inc., a global lifestyle apparel company, reported its second-quarter financial results for 2023. While the Q2'23 revenue remained flat compared to the same period in 2022 at $616 million, reported gross margin declined by 290 basis points to 40.6 percent, and adjusted gross margin decreased by 250 basis points to 41.0 percent compared to Q2'22. The reported EPS for Q2'23 was $0.64, and adjusted EPS was $0.77, down from $1.09 in Q2'22, including a one-time discrete tax charge of $0.09.
Notably, inventory increased by 17 percent over Q2'22, showing improvement from the previous quarter's 52 percent YoY increase. In the full-year outlook, FY'23 revenue is expected to increase at a low-single digit percentage compared to FY'22, with adjusted gross margin forecasted to be between 43.5 percent and 44.0 percent. Adjusted EPS is projected to range from $4.55 to $4.75. Additionally, the company plans to reduce inventory in Q3'23 and expects further reductions in Q4'23.
Scott Baxter, President, Chief Executive Officer, and Chair of Kontoor Brands, expressed satisfaction with the Q2 results, stating that investments in their brands have led to continued share gains in the U.S. wholesale business and accretive growth in DTC and international markets. Restructuring actions were also taken to drive efficiencies and fund strategic investments in key growth areas like talent, innovation, technology, and demand creation.
While the company anticipates macroeconomic pressures in the second half of 2023, they are confident in their ability to align shipments better with POS in the U.S., indicating outsized growth in Q3 revenue relative to their full-year guidance. The focus remains on diversified growth across channels, categories, and geographies to ensure sustained, profitable growth.
The financial report also provides a breakdown of the revenue performance by region and brand. DTC and international markets have shown strength, with China witnessing a significant increase in both wholesale and DTC for Wrangler and Lee brands.
The company's balance sheet and liquidity are stable, with cash and cash equivalents of $82 million and long-term debt of approximately $0.8 billion as of July 1, 2023. Furthermore, the Board of Directors has declared a regular quarterly cash dividend of $0.48 per share, payable on September 18, 2023.
Kontoor Brands is proactively managing its inventory, which is expected to decline in Q3'23 compared to the previous year, with further reductions planned in Q4'23.
Looking ahead, the company remains confident in its strategy and expects to invest in brands and capabilities to drive long-term, profitable revenue growth while anticipating accelerated cash generation as inventory normalizes in 2023. The outlook includes mid-single digit percentage growth in adjusted SG&A, improvements in gross margin driven by geographic and DTC mix, and continued investments in DTC and demand creation.
The financial report demonstrates Kontoor Brands' commitment to navigating market challenges, driving growth, and maintaining a strong financial position as they head into FY'24.
In a groundbreaking move towards a more sustainable and circular footwear industry, Fashion for Good has joined forces with major brand partners adidas, Inditex, Target, and Zalando, along with footwear recycling innovator FastFeetGrinded. The aim is to test and validate an innovative footwear recycling process that will promote the adoption of recycled materials in the footwear manufacturing sector.
Fashion for Good's Managing Director, Katrin Ley, emphasizes the significance of this project as a first-of-its-kind initiative in the footwear industry. The collaboration seeks to unravel the potential of sustainable recycling technologies and infrastructures that are crucial for accelerating the transition towards a circular future. By fostering collaborative partnerships, the initiative lays the foundation for scalable solutions to address the pressing environmental challenges faced by the fashion industry.
FastFeetGrinded brings a distinctive capability to the table with its ability to deconstruct any type of pre- and post-consumer shoe into macro-components. These macro-components are then ground down into smaller, high-purity granulates, which serve as valuable raw materials for repurposing.
The collaborative pilot involves diverting pre- and post-consumer footwear to FastFeetGrinded, where they will be transformed into various new material granulates. These granulates will be further utilized by FastFeetGrinded's extensive network of supply chain partners to create output products like outsoles, midsoles, and flip flops. The brands involved will meticulously assess the quality and purity of these products, showcasing the immense potential of FastFeetGrinded's footwear recycling technology and setting the stage for widespread adoption.
As the demand for raw materials is projected to triple by 2050, there is an urgent need to reduce reliance on virgin resources. FastFeetGrinded, as a key recycling innovator, plays a vital role in providing the fashion industry with secondary raw materials, meeting the rising market demand, and complying with regulatory requirements for recycled content. The company's current 4000 square meter facility is already addressing this demand, with plans for global expansion underway.
With Fashion for Good's strategic partnership with leading brands and the expertise of FastFeetGrinded, the industry takes a significant step towards a more sustainable and circular future, where recycling and repurposing are at the forefront of footwear production. The project serves as a beacon of hope for reducing waste and minimizing the fashion industry's environmental footprint.
A new market research report titled "Lingerie Market Report (2023-2028)" reveals that the global lingerie market is estimated to be worth USD 82.28 billion in 2023, with a projected compound annual growth rate (CAGR) of 8.02% during the forecast period.
The innerwear and lingerie industry has witnessed robust growth in recent years, driven by consumers' increasing focus on both style and comfort, influenced by media and advertising. Lingerie is now perceived as a fashion product that enhances body features rather than just a necessity.
Brands are actively expanding their product portfolios through new brands, mergers, acquisitions, and innovations. The global lingerie market is highly competitive and fragmented, with key players operating across different regions and offering diverse product lines.
These industry leaders are investing in new materials and design technology to cater to evolving consumer preferences. Some of the major players dominating the global lingerie market in 2023 include Hansbrands Inc., Jockey International Inc., Victoria's Secret & Co., Triumph International, MAS Holdings, Berkshire Hathaway Inc., Zivame, PVH Corp., Aimer Group, and Wacoal Holdings Corp.
Aggressive marketing and influential endorsements have become essential for market players to adapt to the rapidly changing industry landscape. Consumers tend to connect more with brands when endorsed by their favorite celebrities, leading to potential market growth. The Asia-Pacific region holds the largest consumer base for lingerie, driven by factors like increasing e-commerce, rising disposable incomes, and changing consumer preferences.
Manufacturers are introducing gender-fluid, body-inclusive, and vegan variants to cater to sustainability-conscious customers. Recent developments in the lingerie market include Victoria's Secret & Co.'s acquisition of Adore Me Inc., Triumph International's launch of a new brand, Triumph, and MAS Holdings' partnership with ByondXR to create virtual showrooms for an enhanced retail experience.
The comprehensive Mordor Intelligence market research report serves as a valuable resource for start-ups, industry players, investors, researchers, consultants, and business strategists seeking to understand and navigate the dynamic lingerie industry.
India-based end-to-end bedding solutions company, Indo Count has aligned its journey for climate action by joining the global campaign led by SBTi (Science Based Target Initiatives). As per a Textile Value Chain report, Science-based targets specify how much and how quickly companies need to reduce their greenhouse gas emissions. The Science Based Targets initiative supports the setting up of science-based targets to boost companies’ competitive advantage in the transition to the low-carbon economy. The initiative is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC).
Indo Count Industries has set a target for GHG emission reduction as per SBTi methodology to meet the goals of the Paris Agreement in the category of limiting global warming to well below 2°C. Approved by SBTi, these goals will help Indo Count reduce emissions by following sustainable practices across the supply chain and all manufacturing units across the company aligned with the SBTi guidelines.
A pioneer in spearheading sustainability, Indo Count Industries is highly focused on its ESG activities and has been working on integrating UNGC’s Principles of Sustainable Development Goal (SDG) into the organizational culture and ensuring the building of a greener sustainable future.