Unpredictable fashion trends in post-pandemic high-end branded market
From Covid-19 lockdown times to economic slowdowns, the pandemic has hugely affected health, wealth and happiness parameters around the world. The cost of living for each income bracket has now changed and a brand strategy of smart retail intelligence is now the strongest line of defence for a compa... Read more
Fast Fashion grows at 7.7% CAGR despite dissent
As underdeveloped countries transit to developing status, their retail sectors are getting better organised and enabling a large number of brands use the affordability and accessibility platforms to reach out to the masses. The global fast fashion market size is expected to grow from $91.23 billion ... Read more
Reliance Retail poised to challenge international fast fashion giants
Internally nicknamed Regalia, the fast fashion label from Reliance Retail is gearing up to take on international fast fashion brands like Zara and H&M. In India, fast fashion is the fastest growing segment in the apparel and lifestyle sector, the proof being the enormous success Zara, H&M a... Read more
Bangladesh eyes technical textiles to meet 100bn export target
Second only to China, Bangladesh carved out an awe-inspiring success story in the global RMG supply. Exports worth USD 42 billion last year contributed to an 83% of its total export volume. Whilst the RMG sector in Bangladesh continues its growth, the two-year long pandemic and the drop in dem... Read more
Rise in apparel export to US rings in cheer, future uncertain
The pandemic rang in bad tidings for apparel exporters in Asia and South East Asia as the dip in US’ imports was significant. Compared to imports worth USD 111.033 billion in 2019, in 2020 imports worth USD 89.596 billion were registered. The trend took an upward turn in 2022 as The US D... Read more
Domestic brands give tough competition to global ones in China’s appar…
A surge in nationalist sentiment and growing hostility to foreign labels is compelling global fashion brands to reduce their footprint in China. A report by SCMP indicates, US clothing brand Gap is reducing its retail footprint in China by cutting down the number of stores to 143. And experts say, f... Read more
New EU green legislation to step up sustainability efforts in Banglade…
The huge amount of waste produced by the global textile industry has accelerated the need to reduce continued damage to planet Earth. Textile produces over 100 billion pieces of clothing year. This results in 84 per cent of the textile waste worth $3.7 billion being sent to landfills every year. To ... Read more
Uganda needs more zeal to better utilize AGOA’s duty-free access to US…
In spite of the African Growth and Opportunity Act (AGOA) providing duty-free access to the US market for over 6,000 products, Uganda government believes AGOA‘s potential hasn’t been maximized to its fullest potential even two decades later. The legislation’s primary goal was to pr... Read more
Global custom T-shirt printing market to clock in 9.7 CAGR: Study
Global custom T-shirt printing market is expected to surpass $9,009.3 million with a CAGR of over 9.7 per cent to 2023 says a new study by Future Markets Insights (FMI) a premier provider of market intelligence and consulting services. In its latest report, FMI cited customized T-shirts are gaining immens... Read more
China faces turmoil, exports growth falls
Chinese exporters are having a difficult time. Softer foreign markets are forcing them to shed workers. They are switching to lower-value goods and even renting out their factories. Customers are placing fewer orders and are reluctant to buy expensive products. Compared to 2020 and 2021, this year ... Read more
Demand for used clothes in Africa rides on affordability, sustainabili…
The pursuit of pre-loved clothing is emerging as the most prominent trend in the African market with consumers continually upgrading their wardrobes by donating or reselling used items. As per an Euromonitor International report, known as Madunusa in South Africa, Okrika in Nigeria, and Mtumba in Kenya, ... Read more
Bata to make India a sourcing hub
Bata is making steady progress toward transforming India into a sourcing hub fo... Read more
Nike Q1 revenue up four per cent
For the first quarter Nike’s revenues were up four percent compared to th... Read more
Pakistan exports for two months up four per cent
For the first two months of the fiscal 2022-2023, the value of textile and garm... Read more
Under Armour to eliminate biocides
Under Armour is aiming at eliminating 100 percent of biocides in its products b... Read more
Spandex market grows by four per cent
The global spandex market is growing by four per cent a year. The increasing de... Read more
South Korea and Cambodia sign FTA
South Korea and Cambodia have signed a free trade agreement. This is expected t... Read more
Sitip, Italy offers versatile and durable fabrics
Sitip’s fabric collections for sportswear, urbanwear and athleisure ensur... Read more
Levi Strauss aims at total renewable electricity
Levi Strauss is aiming at total renewable electricity in all company-operated f... Read more
Global gym apparel market expanding at six percent
Gym apparel market shows good growth, expanding at six percent a year. During ... Read more
H&M Q3 sales up three per cent despite pulling out of Russia
For the third quarter H&M net sales increased by three percent. The reporte... Read more
Levi Strauss aims at total renewable electricity
Levi Strauss is aiming at total renewable electricity in all company-operated f... Read more
Global gym apparel market expanding at six percent
Gym apparel market shows good growth, expanding at six percent a year. During ... Read more
H&M Q3 sales up three per cent despite pulling out of Russia
For the third quarter H&M net sales increased by three percent. The reporte... Read more
Hanoi Fabric show will be held in November
Hanoi Fabric 2022 will be held in Vietnam, November 23 to 25, 2022. Several gro... Read more
Bangladesh exports face EU carbon tax
Bangladesh’s apparel exports to the European Union may have to abide by t... Read more
Yarn Expo Shenzhen, concurrent events in Nov
Yarn Expo Shenzhen will be held November 2 to 4, 2022. This is a trade fair tha... Read more