Efficient returns management helps retailers improve their eco-footpri…
COVID-19 has made the returns process much more easier and eco-friendly than earlier, says Charlotte Monk-Chipman, Marketing Director, ReBound, which has worked with Asos since 2015, as well as Toms and PrettyLittleThing, among others. Earlier, customers had to download and print their labels and return infor... Read more
A blow to Asia as companies diversify supply chains post COVID-19
Disruptions caused by COVID-19 is inducing 57 per cent textile and apparel organizations to diversify their sourcing away from Asian countries like China, Vietnam and Bangladesh, says the Supply Chain Resilience Report 2020 by BCI. Many apparel companies plan to shorten their supply chains due to the pandemic... Read more
Diversification is key to future success of Lithuanian textile and clo…
In April’20, the Lithuanian Association of Clothing and Textile Companies (LATIA) predicted one third of its clothing and textile companies would go bankrupt and a quarter of people would lose their jobs. The association welcomed the government’s post-quarantine assistance measures, in particular ... Read more
Rise of new Chinese domestic luxury shopper
As the pandemic has incapacitated Chinese high-end shoppers, luxury players like Balenciaga and Montblanc are rethinking their strategies to reach these consumers in Mainland China. Earlier, around two-thirds of Chinese consumers shopped for luxury goods overseas, says consultancy Bain & Co. This shopping... Read more
Rebuilding trust between brands and retailers essential for future bus…
COVID-19 is drastically altering relations between brands and retailers. With fear of bankruptcies and subsequent non-payment looming over them, factories are choosing their retail partners with due diligence and emphasizing on a strategic partnership. As Peter Maerevoet, Global Chief Financial Officer and S... Read more
Deep-pocketed investors to shape the future of fashion market
COVID-19 forced investors across the world to go into ‘life-raft’ mode and shore up their businesses. However now, investors are reconnecting with potential partners leading to some significant deals in the last few months. Some of the most significant deals that were cracked recently include KKR&... Read more
Nearshoring by US, Europe threatens Asian garment industry
A McKinsey study states, Bangladesh, Vietnam, Cambodia may soon lose their competitive edge in the global garment industry as manufacturing and marketing advances may make it easier for US and European garment importers to produce garments closer to home. The study says that by 2025, around 25 per cent ... Read more
Better quality, transparency to boost Vietnam’s apparel & textile …
Despite Europe being a huge market, Vietnam’s textile and apparel exports to the continent is worth merely $8 billion. The country exported over $2 billion worth garments and textiles to Europe in past six months while exports to the continent in the past year exceeded $8 billion. Currently, European Un... Read more
A committed and responsible garment industry to drive Asian economies …
Recovery strategies planned by governments across the world would be of no value for Asian countries if they fail to address the issues of local garment sectors. As data from World Trade Organization indicates; a bulk of Bangladesh’s merchandize exports in 2018 comprised apparels. Similarly, the garment... Read more
Behavioral changes, sustainable materials can help brands manage biodi…
The planet’s biodiversity is declining at a fast rate with the apparel industry being one of the most significant contributors to this loss. Indeed, global apparel companies have been launching myriad initiatives to become carbon neutral. However, measuring the impact of their operations on the environm... Read more
HKTDC launches advanced online virtual exhibition
In view of the current COVID-19 pandemic situation, the Hong Kong Trade Development Council (HKTDC) has migrated the nine physical exhibitions originally scheduled to be held by the end of July onto an online platform. In addition, an artificial intelligence (AI)-enabled business matching service is being int... Read more
Vietnam’s textile and apparel exports to decline 18 per cent: Vinatex
Vietnam’s textile and apparel exports in the second half of the year is p... Read more
Vietnam, EU approve EVFTA
The European Union Vietnam Free Trade Agreement (EVFTA) was approved on August ... Read more
First digital Helsinki Fashion Week features 3D fashion films and livestrea…
Helsinki Fashion Week’s first purely digital and sustainable showcase via... Read more
COVID-19 harsh on apparel sector as sales plummet: FTI survey
As per FTI Consultings’s Trends in the Apparel Sector survey, the economi... Read more
AEPC hails increase in ECLGS limits
AEPC has hailed the government’s decision to raise exporters’ ceili... Read more
CD8 to collaborate with American Group for Brooks Brothers’ acquisition
Investors group Club Deal 8 (CD8), which aims to buy American retailer Brooks B... Read more
COVID-19 to result in $95.4 billion loss of apparel and footwear sales: Glo…
Analytics firm GlobalData expects the pandemic to cost the apparel and footwear... Read more
RFID Lab completes Chain Integration Project
The Auburn University RFID Lab, GS1 US and several leading retail companies hav... Read more
CFA appeals for postponement of partial withdrawal of EBA
The Cambodian Footwear Association (CFA) has appealed to the European Commissio... Read more
Cambodia proposes 5-year plan for garment-textile, footwear sectors
Cambodia is preparing a five-year (2020-2025) development strategy for the garm... Read more
RFID Lab completes Chain Integration Project
The Auburn University RFID Lab, GS1 US and several leading retail companies hav... Read more
CFA appeals for postponement of partial withdrawal of EBA
The Cambodian Footwear Association (CFA) has appealed to the European Commissio... Read more
Cambodia proposes 5-year plan for garment-textile, footwear sectors
Cambodia is preparing a five-year (2020-2025) development strategy for the garm... Read more
VF Corp collaborates with suppliers to minimize COVID-19 disruptions
VF Corporation is working with suppliers to minimize COVID-19 disruptions. Majo... Read more
COVID-19: Turkish Denim mills turn to digital solutions to boost growth
To offset the effects of COVID-19 and shape the future of denim in the country,... Read more
Texworld USA and Apparel Sourcing USA host inaugural digital event
Texworld USA and Apparel Sourcing USA hosted its inaugural digital event from J... Read more