Luxury re-commerce opens up new opportunities for brands
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
Bangladesh RMG sector on a roll with new projects and factories lined …
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
High inputs costs, weak demand may slacken future textile growth: ITMF…
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
India: Government to address rising cotton price issues
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
Bangladesh leads US’ apparel imports in Q1FY’22: OTEXA
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
Workers’ agitation in garment factories compels buyers to pull out of …
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
Diversification to MMF a must for Bangladesh for future growth in RMG …
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
Technology can help brands boost operational efficiencies
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
Rising cotton cost compel Indian fashion retailers to hike apparel pri…
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
Mumbai to host Gartex Texprocess 2022 from May 12 showcasing latest te…
Upcoming Gartex Texprocess 2022 fair to be held from May 12-14, 2022 at the Jio World Convention Centre, Mumbai will highlight advanced and sustainable garment manufacturing technologies in India. The fair being jointly organized by Messe Frankfurt India and MEX Exhibitions will display innovative p... Read more
Lifting international ban on Uzbek cotton will push up India’s cotton …
Last month, international brands and retailers decided to lift the ban on cotton grown in Uzbekistan. The decision came as a huge relief to the country as cotton is the main cash crop in Uzbekistan, one of the main pillars of its economy. As per a daijiworld.com report, cotton cultivation in Uzbekis... Read more
Canada’s apparel imports surge 13.63% in Q1’22
Canada’s apparel imports surged by 13.63 per cent in Q1 ’22 to $2.4... Read more
Bangladesh garment exporters worried about Sri Lanka crisis: Reports
Garment exporters in Bangladesh are worried over the current political crisis i... Read more
Milano 1984 SpA buys Gas Jeans and Grotto SpA
Led by Andrea Citterio, Managing Director, Milano 1984 SpA has purchased the br... Read more
Bangladesh Denim Expo ends on a satisfactory note
Held from May 10-11, 2022 by the Bangladesh Apparel Exchange, the Bangladesh De... Read more
Apparel imports surge by 33.87% in Jan-Feb’2022
Increased sourcing from Bangladesh and China led to 33.87 per cent rise in Indi... Read more
Bangladesh can export RMG products worth $100 bn in 10 years, say global br…
According to global brands, Bangladesh has the potential to export readymade ga... Read more
Global western wear market to grow 5.37% from 2021-31: Report
A new report ‘Western Wear Market’ by the Allied Market Research es... Read more
Unique fabrics can help bring Malaysia in international market : Prime Mini…
Unique and creative fabrics like weaving and batik can become profitable commod... Read more
China’s T&A exports increase 8.65% during Jan-Apr’22
In the first four months of this year, China’s textile and apparel export... Read more
Japan’s textile and apparel imports grow 15.9% in March
Japan’s textile and apparel imports increased 15.9 per cent to 349.36 bil... Read more
Unique fabrics can help bring Malaysia in international market : Prime Mini…
Unique and creative fabrics like weaving and batik can become profitable commod... Read more
China’s T&A exports increase 8.65% during Jan-Apr’22
In the first four months of this year, China’s textile and apparel export... Read more
Japan’s textile and apparel imports grow 15.9% in March
Japan’s textile and apparel imports increased 15.9 per cent to 349.36 bil... Read more
Indian RMG exporters seek ban on cotton exports
India’s readymade garment exporters have sought a ban on cotton exports a... Read more
PVH Europe enters into multi-year partnership with Infinited Fiber Company
PVH Europe has entered into a multi-year partnership agreement with circular fa... Read more
Mango to launch NFTs collection in New York store
Mango will launch a new NFTs collection based on artworks by Spanish artists Jo... Read more