Formal suits take a backseat as demand for casualwear rises
With most white-collar job workers locked away at home and fewer weddings and parties being organized, demand for suits and formal wear across the world has taken a beating. As per a Reuters report, in Australia, demand for wool has hit an all-time low, while in the US and Europe, formalwear retailers like Br... Read more
Indian market eyes festive season as online sales and relaxations boos…
Ratings agency Icra estimates Indian apparel exports will decline 20-25 per cent in 2020-21. Due to the COVID-19 pandemic, the agency expects domestic revenues to decline by 30-40 per cent. To recover from this downtrend, apparel players bank on the upcoming festive season as they witness an encouraging build... Read more
Low labor costs, favorable policies make Cambodia an attractive invest…
A fast developing nation, Cambodia has not received any orders for garments since May this year. And as a CCF Group report suggests, around 256 garment, footwear and travel goods factories in the country have suspended operations, affecting over 130,000 workers. A report by the National Bank of Cambodia highl... Read more
No deal Brexit may prove to be the final nail in the coffin for Europe…
COVID-19 outbreak and a no-deal Brexit may prove to be a double whammy for the UK fashion industry as domestic brands will face burdensome intellectual property laws and labeling requirements and the exit of the EU preferential trading zone will make nearshoring more expensive. New for renegotiating supply t... Read more
Focus on climate specific innovations to drive sustainability in denim
One of the most polluting industries, denim has been closely watched for its adverse environmental impacts. This has led the industry to accelerate sustainability innovations and inspire the fashion industry towards a greener and cleaner future. Over the years, denim industry has launched numerous innovation... Read more
Fast fashion dies a slow death as consumers focus on ethical shopping
Alessandro Bru, Politecnico Di Milano School of Management believes, COVID-19 has had a big impact on the global retail industry. The pandemic has not only sparked conversations on shoppers’ consumption patterns but also made them realize their responsibility towards ensuring a sustainable future. Grow... Read more
H&M bullish on India despite global slowdown, continues opening st…
Fast fashion brand H&M is optimistic about India business. Although the world’s second biggest retailer is closing stores globally, it is planning to open new ones in India; both online and offlline, reports Live Mint. Led by Janne Einola, so far, the brand has opened 48 stores in 24 cities besides ... Read more
Vietnam emerges a global hub for face masks and PPE equipment
To reduce their dependence on China, many garment and textile companies have shifted their production to Southeast Asian countries like Vietnam for the last few years. However, COVID-19 has halted this process. Vietnam Textile and Apparel Association (VITAS) discloses, till August 2020, foreign direct investm... Read more
Teen spending at all time low as COVID-19 mutes consumer sentiment
As per a CNBC report, money spending by teens on food, concerts and events has hit a two-decade low since the COVID-19 outbreak. Piper Sandler’s 40th biannual ‘Taking Stock with Teens’ report also says, this year, teen spending has dropped by 9 per cent year over year to $2,150. The Piper S... Read more
India-EAEU ties to put a nail to China’s future expansion
Ever since it pulled out of the Regional Comprehensive Economic Partnership, India has been pushing for a Comprehensive Economic Partnership Agreement (CEPA) with the Eurasian Economic Union (EAEU). The agreement would help India boost relations with EAEU members besides helping it counter China’s growi... Read more
Digital tools can help apparel companies build resilient supply chains
According to a new research by McKinsey Global Institute, supply chain disruptions can result in fashion companies losing a year’s profit over the course of a decade. Around 93 per cent of these companies plan to make their supply chains more resilient through a combination of strategies such as the con... Read more
Cambodia to sign RCEP in mid-November
The Cambodian commerce ministry recently revealed that the Regional Comprehensi... Read more
UK retailers struggle to keep pace with rising demand
Though a fear of lockdown looms large over the country, the continuous surge in... Read more
Tariffs, a way to scrutinize China’s repression of Ulghurs: Experts
As per experts at a virtual conference on October 14 held by Sourcing Journal, ... Read more
Textile Exchange launches new initiative to promote circularity in textiles
Accelerating Circularity, a burgeoning collaborative initiative, spearheaded by... Read more
Lower order prices, urge buyers to suppliers
As per a Workers Rights Consortium (WRC) and the Center for Global Workers&rsqu... Read more
Shein targets ‘Gen Z’ consumers
China's Shein is aiming squarely at the "Gen Z" social-media generation, using ... Read more
Myanmar CMP hit hard by COVID-19 impact: MGMA
The CMP garment sector in Myanmar has been hit hard by the coronavirus impacts ... Read more
Japan’s apparel imports improve post lockdown
As per Apparel Resources, Japan’s apparel imports seem to be improving on... Read more
Bestseller to set up Fashion FWD Lab
The Bestseller Group, known from brands as Only, Vila and more, is setting up a... Read more
US’ brassieres import grow by 7.18%: OTEXA
As stated by OTEXA, brassieres import by the US grew by 7.18 per cent in August... Read more
Japan’s apparel imports improve post lockdown
As per Apparel Resources, Japan’s apparel imports seem to be improving on... Read more
Bestseller to set up Fashion FWD Lab
The Bestseller Group, known from brands as Only, Vila and more, is setting up a... Read more
US’ brassieres import grow by 7.18%: OTEXA
As stated by OTEXA, brassieres import by the US grew by 7.18 per cent in August... Read more
Louis Vuitton returns to growth in Q3
With travel abroad nearly impossible, Chinese consumers who’ve driven the... Read more
H&M aims to source 100% sustainable materials by 2030
As part of its bid to become more eco-friendly, H&M has set a target of ach... Read more
IAF to host pre-convention event at 36th World Fashion Convention
International Apparel Federation (IAF) will host a digital ‘Pre-conventio... Read more