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SIMA upholds extension of term loan moratorium period for the apparel …

SIMA upholds extension of term loan moratorium period for the apparel industry

Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has stated that the extension of moratorium period of term loan for another three months i.e., upto August 31, 2020 has come as a sigh of relief for the ailing textiles and clothing industry. He stated that the MSME package announced by the F... Read more

Despite COVID-19 US apparel industry’s revenue to grow in 2020: Survey

Despite COVID-19 US apparel industry’s revenue to grow in 2020: Survey

A new forecast by the Institute for Supply Management published in the ‘Spring 2020 Semiannual Economic Forecast’ indicates that in the US manufacturing, revenue, capital expenditures and utilization are all expected to contract substantially this year due to the coronavirus pandemic. However, the same sur... Read more

Business agility to determine future success of luxury brands

Business agility to determine future success of luxury brands

In its first webinar organised in early-April, IMD Business School discussed the impact of COVID-19 on the luxury industry. The discussion highlighted, the crisis is likely to accelerate changes that were already unfolding within the industry. The webinar focused on five inflection points that would lead to a break wit... Read more

COVID-19 impact, fashion sector shifts focus on responsible fashion

COVID-19 impact, fashion sector shifts focus on responsible fashion

Shifts in political, cultural and financial situations across the world due to the outbreak of COVID-19 is forcing the fashion sector to now focus away from niche areas of corporate social responsibility teams and sustainability experts to climate crisis. In place of the old doctrine of shareholder primacy, the sector ... Read more

Bangladesh RMG sector calls for a collective effort to deal with chall…

Bangladesh RMG sector calls for a collective effort to deal with challenges

With COVID-19 reshaping the entire world; earlier theories like learning about customers, competitors and market conditions may not fit into tomorrow's rapidly changing business environment. The same is true about the readymade garment sector in Bangladesh which is heading towards a major phase of turbulence. COVID-19 ... Read more

Brands and designers adapt to a new world as fashion weeks go online

Brands and designers adapt to a new world as fashion weeks go online

Like every adversity offers an opportunity, the current lockdowns to curb the spread of COVID-19 has become a period of profound adaptation for all industries across the world including fashion. The most recent example of this is Monte-Carlo Fashion Week, which recently launched its digital version on Instagram. The f... Read more

Closed stores and slow legal systems makes bankruptcy challenging for …

Closed stores and slow legal systems makes bankruptcy challenging for retailers

The shutting down of economy has compelled many retailers to go bankrupt. However, the bankruptcy process itself has become a victim of the lockdowns as brands are not able to realize its benefits due to their stores being closed and legal system slowing to a crawl. Top fashion brands and retailers in the US like Neima... Read more

Apparel retailers cautiously optimistic as online sales surge

Apparel retailers cautiously optimistic as online sales surge

A recent webinar on retail and ecommerce by CommerceNext, for marketers in New York showed, the global apparel sector is cautiously optimistic as around 49 per cent apparel retailers reported a jump in their online apparel sales from March 29 to April. Sucharita Kodali, Vice President and Principal Analyst at Forrester... Read more

China’s e-commerce report for Textiles and Apparel 2019 showed stable …

China’s e-commerce report for Textiles and Apparel 2019 showed stable growth

In the pre Corona period, statistics show 2019 as an year of continued growth in textiles and apparel online sales to conclude 6.69 trillion Yuan, up by 12.06 percent Year- on- Year. B2B ecommerce sales topped taking a lion-share of 73.24 percent at 4.9 trillion Yuan. Online retail sales of apparel/home-textiles mainta... Read more

CMAI welcomes economic package announced by the finance minister

CMAI welcomes economic package announced by the finance minister

CMAI has welcomed the measures announced by Nirmala Sitharaman, Finance Minister, especially those connected with the Government’s support to the MSME Sector – on which she focused on today. According to CMAI, the enhancing of the upper limits of the sector, the merging of the manufacturing and service sec... Read more

Fashion to become trendless as brands blend design with purpose

Fashion to become trendless as brands blend design with purpose

Lack of customer activity is increasing brands’ dependence on fashion forecasters who are guiding them to navigate the ongoing crisis. Firms like WGSN and Stylus are holding in-depth video meetings with clients to advise them on what the post-COVID-19 world might look like. These forecasters are not just providi... Read more

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WTO Barometer predicts decline in world merchandise trade in H1 2020

Latest WTO Goods Trade Barometer reveals the volume of world merchandise trade is likely to fal... Read more

Keep export activities normal: BKMEA

BKMEA has advised the apparel industry to keep its export activities normal to keep the wheel o... Read more

SIMA hails RBI's extension of term loan moratorium

The Southern India Mills’ Association (SIMA) has hailed the extension of moratorium perio... Read more

Crystal International launches new collection in collaboration with R Colle…

Crystal International Group has launched ‘Denim Reimagined’ a fully traceable denim... Read more

Luxury brands initiate new campaign on social media

Luxury brands Cartier and United Colors of Benetton have initiated a 'Rainbow Challenge' on the... Read more

E-commerce to boost fight against COVID-19: GlobalData

Data analytics company GlobaData says, e-commerce is playing a critical role in the fight again... Read more

Albini Group develops new anti-viral fabrics

Albini Group, best known as a dress shirt fabric supplier to companies including Kering, Armani... Read more

Asics increases focus on digital sales

To counter falling sales, Asics has increased its focus on digital sales and also sped up its p... Read more

BGMEA to blacklist EWM for non-payment of dues

BGMEA plans to blacklist British clothing retailer Edinburgh Woollen Mill (EWM) in Bangladesh f... Read more

COVID-19 hinders RCEP trade negotiations: Moody’s

Moody’s Investors Service, in its latest Global Trade Monitor report has, stated COVID-19... Read more

Asics increases focus on digital sales

To counter falling sales, Asics has increased its focus on digital sales and also sped up its p... Read more

BGMEA to blacklist EWM for non-payment of dues

BGMEA plans to blacklist British clothing retailer Edinburgh Woollen Mill (EWM) in Bangladesh f... Read more

COVID-19 hinders RCEP trade negotiations: Moody’s

Moody’s Investors Service, in its latest Global Trade Monitor report has, stated COVID-19... Read more

US brands Columbia, Lululemon, TJX reopen stores

Several renowned brands in the US are reopening stores as lockdown rules are relaxed. After Col... Read more

Informa postpones Magic Trade Show to September

Organised by Informa Markets Fashion, the Magic Las Vegas Marketplace—which also houses o... Read more

Lack of orders forces BGMEA, BKMEA to close 419 RMG factories

Around 419 RMG factories in Bangladesh have remained closed for the last two months as the glob... Read more