Global denim market is expected to continue its upward growth trajectory predicts various studies. With growing demand for recycled denims made from plastics and other materials the market is expected to grow at 6.20 per cent from of 2020 to 2027, says a databridgemarketresearch study. Similarly, as per psmar... Read more
As one of the top five global retail destinations, India’s retail landscape is very vibrant. As entrepreneur Narendra Pasuparthy writes in Business World, India has the highest per capita brick-and-mortar store ratio. Seen in present context with pandemic and lockdowns across the globe, this indicates t... Read more
The pandemic has changed retail across the world, especially with the huge push for online shopping, and consumers shifting to digital channels due to the lockdown. An analysis by Nick Everitt, Director of Ddvisory, EMEA, Edge by Ascential looks at what actually changed last year and how should retailers ensu... Read more
With US Department of Agriculture (USDA) projecting lower opening stocks, production and ending stocks this cotton season from October 2020 to September 2021, global cotton prices shot up from the beginning of this year. This surely is good news for Indian cotton exports. As a Rajkot-based raw cotton, yarn an... Read more
The Parliamentary Standing Committee on Labour chaired by Bhartruhari Mahtab, visited Coimbatore and Tirupur to study the growth potential of MMF textile industry in Tamil Nadu. They interacted with the National Committee on Textiles & Clothing (NCTC). T Rajkumar, Coordinator, NCTC and A Sakthivel, Chairm... Read more
In 2020, fashion was shaped by shifting consumer priorities. Going ahead the trends that emerged during the pandemic will continue to reign through this year. As Beth Goldstein writs about the outlook for 2021 in her NPD article “The shifts in consumer preferences we’ve seen during the pandemic ar... Read more
How has the pandemic accelerated digitalisation, nearly 100 fashion brands shared their plans for the future and strategies until 2023 on the Zalando platform with Zalando Marketing Services (ZMS). The study was a peer-to-peer intelligence-share comprising quantitative survey data and interviews. And as Miche... Read more
While suits or tailor-made suits were a must in every man’s wardrobe, the pandemic has changed the scenario as formals have lost their appeal. In fact, as per a BFG Magazine report, since 2013, the US suits market for both men and women dipped almost 23 per cent from $3 billion to $2.3 billion. And COVI... Read more
A new collaborated study by YCP Solidiance and Brother Machinery Asia highlights the importance of digital transformation in the global apparel manufacturing sector. It states, the transformation must start from the beginning in some cases with the setting up of factory machinery. The study charts the course towards an... Read more
Pakistan’s textile exports increased by 7.7 per cent with knitted garments and hosiery taking the lead in first half of current fiscal 2021 compared to the same period last year. As per Faisal Mehboob Sheikh, Zonal Chairman Pakistan Hosiery Manufacturers Association (PHMA) and chief coordinator Adil Butt the coun... Read more
The latest ‘State of Fashion 2021 Report’ by The Business of Fashion and McKinsey & Company’s has predicted China’s fashion sales will to return to pre-Covid levels. This optimism is based on the pace of recovery in Q4 2020 and Q1 2021 and perhaps, what works for China is consumpti... Read more
Year 2020 was a tough one globally for people and businesses alike. With long stretches of lockdowns, and people confined at home, life almost came to a standstill. However, with the successful launch of a few vaccines there is some hope and positivity in our fight against the global pandemic. The Econo... Read more
The pandemic has adversely affected global apparel supply chains with countries like Bangladesh, India, Vietnam, and others facing the brunt. Their exports have tumbled, factories have closed down, workers have lost jobs and revenues pushed down. Tough time for RMG sector across value chain In fact, Banglad... Read more
The growth curve of global ethical fashion market risen to touch $6,345.3 million in 2019, increasing at a compound annual growth rate (CAGR) of 8.7 per cent from 2015. Growing further, the market is expected to be worth $8,246.1 million in 2023 at a CAGR of 6.8 per cent, states a report ‘Ethical Fashio... Read more
The Clothing Manufacturers Association of India, (CMAI) has written an open letter to Nirmala Sitharaman, Minister of Finance outlining pre-Budget recommendations. The association has urged the government to consider key financial aid that can help the industry recover from the aftermath of the Covid-19 p... Read more
Asian designers have stood out in Western world with their classy styles and unique offerings for long. Chinese, Indian, and other top designers from the continent have styled Western celebs including Michelle Obama, Rehanna, Gigi Hadid for red carpet events. And as per a luxurystylemag.co.uk report, th... Read more
Cotton Association of India has increased its crop estimate for 2020-21 season from previous estimate of 356 lakh bales of 170 kg each (i.e. 378.25 lakh running bales of 160 kg each) to 358.50 lakh bales (i.e. 380.91 lakh running), an overall rise of 2.50 lakh bales. Production, consumption to go up As cott... Read more
With lockdowns and people being stuck at home, the intimate apparel and sleepwear market has seen surge. As per a WWD report the complete innerwear category has recorded higher sales both for men’s and women’s segment including comfy basics, underwear and lingerie since the pandemic started. Bran... Read more
After facing several impediments in the first three quarters of 2020, due to US-China trade stand-off and the pandemic, China’s economic growth has steadied. In fact, the country is doing better than most others at the moment on all economic indicators. Business has recovered steadily as consumption has... Read more
While 2020 was full of hardships for brands and retailers with store closures, major dip in both sales and revenues, many struggled while others looked for ways to stay afloat. In all this madness brands came up with new strategies to survive. From antiviral collections, home apparel line to shop-on-wheels at... Read more
Before the pandemic hit global businesses, with Brexit and US China trade stand off the biggest question that bothered businesses worldwide was will the age of globalization come to an end? In fact, COVID-19 exposed the vulnerabilities of long-distance supply chains even more. With 64 (Thomasnet) US manufactu... Read more
Seven years and 35 rounds of negotiations between the European Union and China finally culminated in the Comprehensive Agreement in Investments (CAI). The deal was announced by the two signatories this week, opens the Chinese market further to EU investors. German Chancellor Angela Merkel played a key role in... Read more
After a hard year, India’s retail sector is now looking optimistically at the upcoming Union Budget. The retail sector estimated at $854 billion, is one of the largest industries with 10 per cent GDP share. It employs approximately 46 million people and hence is very important for economic revival... Read more
Though the European Union fears a significant decline in denim imports due to COVID-19, it will continue to remain a huge market for international denim exporters. As per a report by the Centre for Promotion of Imports, the Europe Union imported denims worth €9.2 billion in 2019. Germany: The largest de... Read more
While polyester, nylon, cotton and cotton yarn prices in China grew strongly during December, spandex saw decline after 40 per cent increase in previous months. As per a CCF Group report, spandex prices were mainly affected by a dip in demand and operating rate of downstream mills which varied from medi... Read more
India is one the largest exporters of denim fabric in the world. Data from Astute Consulting indicates, India’s denim fabric exports grew at 8 per cent CAGR from 2016-2020. A major part of this growth came from poly denim fabric exports which grew at phenomenal 23 per cent CAGR in these five years. On t... Read more
China is fast becoming the new fashion destination with many luxury brands opening stores and relocating their fashion events and runway shows to the country, reports Digiday. Before the pandemic, much of China’s luxury spending happened outside the country. However, COVID-19 helped the country bring mu... 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’
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
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
To be held from March 9 to 12, 2021, FESPA Global Print and European Sign Expo 2021 are attracting a good line-up of exhibitors who are enthusiastic to en... Read more
Eurofins Consumer Products Assurance has been accredited by Worldwide Responsib... Read more
Increased awareness about safety and globally accepted regulations by companies... 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
Indian apparel exporters should aspire to achieve double digit share of global ... Read more
Bangladesh, the largest jean supplier to the US, saw shipments dip 3.73 per cen... Read more
Covid-19-related disruption continues to hit the schedule of Pure London organi... Read more
ITMA has announced it will continue to present and share innovative manufacturi... Read more
Soon after China gave duty-free access for 97 per cent goods, Bangladesh could ... Read more
Apparel Made-Ups and Home Furnishing Sector Skill Council (AMHSSC) has appointe... Read more
American Apparel & Footwear Association has welcomed President Biden’... Read more
Asia Floor Wage Alliance (AFWA), Clean Clothes Campaign (CCC) and the Worker-dr... Read more
The Walmart Foundation awarded Accelerating Circularity, collaborative industry... Read more
India may impose anti-dumping duties on viscose spun yarn to protect domestic p... Read more
The European Union plans to extend a helping hand to Myanmar’s garment wo... Read more
The price per kg of Indian woven cotton yarn rose from $2.65 in August last yea... Read more
Encouraged by the growing demand for loungewear and sustainable fashion H&M... Read more
The European Commission has published a guide marking the path for local textil... Read more
As per Export Promotion Bureau (EPB) data, shipments of apparel goods to the US... Read more
Albanian statistics office has released a data indicating a fall of 9 per cent ... Read more
British luxury brand Burberry’s comparable retail sales fell 9 per cent a... Read more
Pradip Kumar Tripathi, has been given additional charge as secretary, Ministry ... Read more
US-based apparel brand Urban Outfitters has appointed a new Chief Executive Off... Read more
Trident, in its board meeting has unveiled its 'VISION 2025' aimed towards unlo... Read more
Fashion retailer Superdry has posted results detailing the impact of the pandem... Read more
Mike Ashley-led Frasers has increased stake in German luxury fashion house Hugo... Read more
Karl Mayer has launched the 4D-KNIT generation of warp knitted fabrics. The new... Read more
Apparel and textiles manufacturers of six Asian countries, including Bangladesh... Read more
The continued and massive decline in the output of cotton crop is posing seriou... Read more
Abit (Brazilian Textile and Apparel Industry Association) announced the numbers... Read more
The first fully digital edition of Colombiatex de Las Américas, the larg... Read more
Despite the pandemic cotton yarn makers in Gujarat are set to surpass their 201... Read more
The Australian Wool Innovation (AWI) has released its Wool 2030 strategy. The s... Read more
Midwestern retailer Stock+Field, that sells a range of categories such as appar... Read more
After the crackdown of US Custom and Border Protection on cotton imports from C... Read more
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has once... Read more
Messe Frankfurt, the trade fair organiser, has announced with regulations and t... Read more
The International Apparel Federation (IAF) has published its ‘2021 Priori... Read more
A.T.E. has entered an exclusive agreement with GA Morgan Dynamics, India, for m... Read more
Although denim industry engages in many wasteful practices and needs improvemen... Read more
The first VDMA technology webtalk in 2021 to be held on January 21 will be on m... Read more