In the recent past, you have wished and been wished a happy new year. When was the last time someone wished you happy new product? In case you have to stretch your memory about your last new product launch, chances are your products are dated! Let’s take a sock manufacturer as an example. Say, they have been happy with their business as the local market they have been supplying to has been kind to them. Business is steady and profits are healthy. They are unlikely to innovate, presumably somewhat oblivious that they are indeed part of the booming worldwide socks market. As retailers and e-tailers look for fresh new products to woo their customers, this sock manufacturer is likely to take a back seat. On the global scene, the socks market is one of the fastest growing segments of the apparel industry with a compound annual growth rate of 8.5% at present. By 2023, the global socks market is estimated to be worth around the $11.6 billion mark. Specialty socks, athletic s... Read more
Pinakin Chaubal holds Master’s degrees in Management and Textile Engineering. He has been a long time assessor for NATA ISO 17025 laboratory accreditation and has contributed to the review and drafting of several Australian, Joint Australian / New Zealand and International Standards on textiles, clothing and footwear. Global brands like H&M, Zara and most others are getting settled in India at an unprecedented rate. In fact, it’s more a case of who hasn’t entered the zoo, rather than who has. Global selling platforms like amazon.com have been successfully wooing Indian suppliers. Historically price sensitive apparel products like inner ware are moving to brand sensitive categories in the minds of local consumers. Now where does all this leave your product? At the centre stage! In this competitive market, if your product does not take the centre-stage, it will lag, struggle for a while and may eventually suffer from severe competitive arrest. Brand ma... Read more
India's recent move to impose a minimum import price (MIP) of $3.50 per kilogram on specific synthetic knitted fabrics from... Read more
This analysis of the Moscow Fashion Week presentations reveals several key trends in Russian fashion for the season: 1. Reinterpreted tradition Modern... Read more
China's dominance in the global yarn market was reaffirmed recently by the Shanghai Yarn Expo, which drew international participation from... Read more
Moscow Fashion Week has once again transformed Russia's capital into a radiant hub of global fashion, attracting renowned figures from... Read more
The inaugural edition of the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) concluded on March 1,... Read more
Following the conclusion of Moscow Fashion Week, all eyes now turn to Mumbai as Lakmé Fashion Week (LFW) gears up... Read more
The recently concluded Moscow Fashion Week (MFW), held from March 1st to 8th, 2024, surprised the fashion world with its... Read more
While India and Bangladesh launched rupee-based trade in June 2023 to reduce dependence on the US dollar, the initiative faces... Read more
This March, Moscow emerged as the epicenter of the fashion universe as it played host to the highly anticipated Moscow... Read more
The Wazir Advisors, a leading financial advisory firm, released its latest textile and apparel sector performance report. The report, based... Read more