With a 36.4 per cent/kg increase in payment to members this year, British Wool British Wool is paying almost £8.4 million to members. “This represents a huge recovery from the challenges of 2020,” explains Andrew Hogley, CEO. Improved auction prices for wool over the last 12 months... Read more
As demand for sustainable products rise, luxury re-commerce is emerging as a big opportunity for brands to capture the millennial audience. However, with brands being slow in catching up with this trend, third party platforms such as The RealReal, Vestiaire Collective, and ThredUp are fast emerging. Howe... Read more
Insufficient power and energy supplies have failed to discourage Bangladesh entrepreneurs from investing in the country’s RMG sector, witnessing excellent flow of work orders. Big domestic entrepreneurs like the Team Group, Urmi Group, RDM and Sheltech are expanding their garment manufacturing capac... Read more
In March 2022, the situation of textile business across all regions and segments remained positive with +14 percentage points reveals the 13th ITMF Corona Survey conducted amongst over 220 companies across the world. As per the survey of all segments in the textile value chain, around 43 per cent companie... Read more
Piyush Goyal, Union Minister of Commerce & Industry and Textiles has called a meeting of all stakeholders to look into possible solutions for rising cotton prices. Upendra Prasad Singh, Textile Secretary believes government intervention is necessary to curb rising cotton prices. However, the intervent... Read more
Cotton demand that remained dormant during the second pandemic wave is now being released with consumption rising to 360 lakh against normal levels of 290 to 320 lakh bales. The US sanction on cotton imports from Xinjiang province and attractive cotton futures trading are also fuelling cotton prices... Read more
In the first quarter of 2022, the US’ imported 24.72 per cent more apparels from Bangladesh and Indonesia, as against the same period last year, says latest Commerce Department’s Office of Textiles and Apparels (OTEXA) figures. As per a Sourcing Journal report, the country imported 50.12 per c... Read more
On April 28, this year, parties-led trade union instigated workers at the main Katunayaka Free Trade Zone to stop work in protest against the inhuman treatment being meted out to them. Free trade zones in Sri Lanka have been facing numerous faces including frequent power cuts due to lack of fuel to power ... Read more
Just as the European textile and apparel market had recovered from the pandemic it was once again hit by the Russia-Ukraine war. However, the market showed great resilience with the volume of apparel imports by the EU-27 countries growing 13 per cent to 1,057 million tons in January 2022. February sees a... Read more
An important growth driver of its economy, Bangladesh readymade garments (RMG) industry mainly depends on import of raw materials like cotton. As per a Textile Focus report, Bangladesh imported around 8.5 million bales of cotton, worth over $3 billion in 2021. The pandemic caused several disruptions in B... Read more
Technological innovations offer fashion companies an opportunity to not just better serve customers but also improve business efficiency. In 2021, fashion companies invested around 1.8 percent of their revenues in technology, as per a McKinsey & Co report. By 2030, this investment is likely to surge ... Read more
The uncontrolled rise in cotton prices for the last one year is compelling most fashion retailers like Shoppers Stop, Celio and Arvind Fashions to increase apparel prices. Despite efforts to be cost-efficient, retailers have not been able to absorb the entire surge in input costs, says Kulin Lalbhai, Dire... Read more
As consumers sought to refresh their wardrobe post pandemic, they mostly shopped for denim, reflecting their desire to retain comfort in their ensembles. Comfort will continue to be a dominating factor in consumers’ clothing choices, says Elizabeth Spaulding, CEO, Stitch Fix. However, they may... Read more
Intensified by the pandemic, supply chain woes are offering US brands new opportunities to bring apparel production back to the country. Many apparel makers had shifted production overseas in the 1990s mostly to China and few Asian countries that offered cheap labor, raw materials and lower operatin... Read more
Metaverse is emerging as the hottest trend in the Sri Lankan fashion industry with brands creating outfits existing either partially or completely in the virtual space Financial services company Morgan Stanley predicts, metaverse would add nearly 25 per cent to Sri Lanka fashion industry’s total ear... Read more
In an alarming fact, consumers will throw away over 134 million tons of textiles each year by 2030. With outfits designed to be worn just a few times, most of this unrecyclable fashion waste is likely to end up in landfills and remain there for centuries. Benefits of viscose rayon fabrics Consumer... Read more
Debt-ridden Future Group faces an uncertain future as three of its companies, Future Retail, Future Lifestyle Fashions and Future Supply Chain Solutions, stand on the brink of insolvency. All three companies have a total outstanding debt of Rs 6,474.98 crore. Of this, the total debt of Future Retail stand... Read more
The government’s decision to allow duty-free cotton imports till September has led to the signing of many new deals across South India. Prabhu Dhamodharan, Convenor, Indiian Texpreneurs Federation notes, several mills in Tamil Nadu have started placing orders for imported cotton. They are plac... Read more
Indian apparel makers revenues have been growing 16-18 per cent on account of Sri Lanka-China crisis and a robust domestic demand. In 2021-22 fiscal, India’s apparel exports grew over 30 per cent while ready-made garment (RMG) shipments totaled $16018.3 million. India exported most of its textiles a... Read more
From brick and mortar stores, fashion retail is moving towards fast and decentralized world of e-commerce. Consumers are opting for new ultrafast sales model as it is faster than fast fashion. Retailers like Boohoo, Asos, Shein and Missguided are gaining traction with their ability to match supplies... Read more
Popular brand across the US in early 2000s and 2010s, Abercrombie & Fitch is making a comeback with renewed focus on sustainability. The brand’s debut on TikTok with the hashtag #aberchrombiehaul has already garnered 72 million views. As per a report by a content management company Brightl... Read more
Global multi-stakeholder nonprofit alliance for consumer goods industry, Sustainable Apparel Coalition (SAC) has partnered Fair Wear and the Ethical Trading Initiative to introduce collective action to reduce greenhouse gas emissions by 45 per cent by 2030. Launched under The Industry We Want (TIWW)... Read more
Removal of the 11 per cent duty on cotton imports has failed to benefit spinning and composite textile mills as cotton prices continue to hover around Rs 90,000 per candy. As predicted, duty removal has not boosted India’s cotton imports as international prices continue to remain high. The industry ... Read more
Held after a two-year gap Kingpins Amsterdam focused on sustainability with new materials and fabrics. After two years of being confined to digital realm, Kingpins Amsterdam was back with its physical edition on April 20-21, 2022. The event showcased innovations for F/W 2023-24 seasons and was atten... Read more
The pandemic, alongwith escalating cost of global transportation and growth in online retailing has once again reinforced the benefits of nearshoring in the textile industry. The pandemic has exposed vulnerabilities of countries to shortage of essential items like PPE during national lockdowns and long pe... Read more
Largely ignored till now, sports bras are getting the attention they deserve from activewear companies. Adidas for example has launched its most robust sports bra collection offering 42 new styles in 72 sizes, says a Business of Fashion report. Last Fall, brand ThirdLove launched a sports bra collection w... 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’
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Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
Led by Andrea Citterio, Managing Director, Milano 1984 SpA has purchased the br... Read more
Held from May 10-11, 2022 by the Bangladesh Apparel Exchange, the Bangladesh De... Read more
Increased sourcing from Bangladesh and China led to 33.87 per cent rise in Indi... Read more
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A new report ‘Western Wear Market’ by the Allied Market Research es... Read more
Q1 FY22 revenues of global sustainable chemical producer Indorama Ventures incr... Read more
Unique and creative fabrics like weaving and batik can become profitable commod... Read more
In the first four months of this year, China’s textile and apparel export... Read more
Japan’s textile and apparel imports increased 15.9 per cent to 349.36 bil... Read more
India’s readymade garment exporters have sought a ban on cotton exports a... Read more
PVH Europe has entered into a multi-year partnership agreement with circular fa... Read more
With consumers across the world focusing exercise and active lifestyle, perform... Read more
Mango will launch a new NFTs collection based on artworks by Spanish artists Jo... Read more
The Federation de la Haute Couture at de la Modehas announced the dates of all ... Read more
Textile production in the US is rising with the surge in cotton yarn imports. ... Read more
Since last week, Zara started charging fees from online shoppers returning its ... Read more
The Tiruppur Exporters’ Association (TEA) has approached all leading bank... Read more
ISKO has expanded its Creative Room Services (CRS) division and opened its firs... Read more
Denim Première Vision will debut in Berlin from May 17-18, 2022 at the A... Read more
After losing momentum during 2020 due to COVID-19, apparel exports from India a... Read more
By refusing to sign the Accord in Bangladesh even after nine years of its intro... Read more
India exported cotton textiles, including raw cotton, worth $15.29 billion in 2... Read more
One of Europe’s biggest clothing retailers, Bestseller Fashion Group plan... Read more
Tirupur exporters expect a 23 per cent decline in FY23 garment exports as Europ... Read more
The first Mumbai edition of GartexTexprocess India was inaugurated by DarshanaJ... Read more
Zara owner Inditex plans to buy 30 per cent of the recycled fabric produced by ... Read more