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Fast fashion companies working on strategies to lure customers
Post releasing its Q4 results for 2017 in January, H&M which had its biggest profit decline in six years — 14 per cent for the full year —shut down 170 stores in 2018. Speaking on their results, Karl-Johan Persson, CEO, H&M said the fashion industry is changing fast. At the heart of the transformati... Read more
Lenzing redefines Tencel as its flagship brand
The Lenzing Group (Lenzing) has redefined Tencel, as its textile premium brand at the 2018 Fibers & Yarns by Tecoya Group in Mumbai India. The redefining of Tencel brand is a key milestone of Lenzing’s new brand strategy to enhance product brand offerings, foster connection with customer... Read more
Copenhagen Fashion Summit 2018 ready with a power packed agenda
Global Fashion Agenda, organiser of Copenhagen Fashion Summit has unveild the full programme for upcoming edition. It features a line-up of 75 leading voices and discussion topics ranging from robots to #metoo. On May 15-16, 2018, the 6th edition of Copenhagen Fashion Summit will open doors at the... Read more
Recycling clothes catches up in the apparel retail industry
Earth Day once more highlights the importance of buying clothes responsibly. As per the US Bureau of Labor Statistics Stats in 1977, clothing accounted for 6.2 per cent of US household spending; now, each households spends half as much (3.1 per cent). Earlier, retailers used to take time to introduce cl... Read more
Textile recycling gaining traction in New York
"In line with various eco-efforts being taking place globally, non-profit organisation Fabscrap has invited clothing brands, designers, tailors and others in New York City to sign up for textile pickup and recycling. The organisation provides reusable bags in two colours – black for proprietary materials and brow... Read more
Challenges at workplaces hampering Burma’s textile sector growth
"Burma’s garment and footwear exports clocked in $3 billion in 2017, a growth of 25 per cent over last year. Factories have expanded from Yangon’s Hlaing Tharyar industrial zone to rural regions, in the wake of a tax holiday of seven or five years meant to encourage operations in less developed parts of the... Read more
Constantly falling apparel exports a matter of concern for India
"India’s apparel exports registered a 17.78 per cent decline in March 2018 against the same period last year reveals latest trade data. Indian RMG exports were to the tune of $1.49 billion (approx.) in March 2018 against the corresponding month of February 2017, which was $1.81 billion (approx.). In rupee term, e... Read more
USTR lists out trade concerns with countries
"The office of the US Trade Representative (USTR) released the 2018 National Trade Estimate (NTE) annual report, which highlights the foreign trade barriers American exports face. Robert Lighthizer, US Trade Rep., said the President is fully committed to addressing unfair foreign trade barriers through tough enforcemen... Read more
Fashion Access emerges strong a sourcing destination
"The recently concluded Fashion Access and Cashmere World attracted over 10,000 international visitors from 85 countries during the three-days. Around 227 exhibitors from 20 countries and regions including well-known international brands such as Otto Kessler, LSR International, Cerutti – Massimo Cerutti, Simpson ... Read more
Automation and positive EU relations could boost Cambodia’s growth
"While textile is one of the most important sectors in Cambodia’s economy, pressures from neighbouring countries is adversely impacting growth. To add to it, increasing automation and loss of preferential trade agreements is aiding to its woes. Employing 86 per cent of all factory workers, about 40 per cent of Ca... Read more
Fashion and its growing inclination towards sustainability
"Fashion industry is one of the biggest contributor towards global economy, with an annual worldwide revenue of well over £1 trillion. It aids millions of jobs around the world. A recent study by Global Fashion Agenda and Boston Consulting Group predicts a rise of 63 per cent in overall fashion consumption betwee... Read more
Pakistan’s textile industry regains its old verve
"Pakistan has always been a major textile market for India and the Asian region. Even after decades of political unrest, India is the 4th largest source for Pakistan’s total merchandised imports and second largest for textiles and clothing. Among Pakistan’s overall imports from India textile and clothing ta... Read more
US jeans retailers revamping their denim business
"America’s biggest fashion retailers including Ralph Lauren, Calvin Klein are now looking at a revival of blue jeans while losing out to athleisure wear which has overpowered jeans in recent times. The US Census Bureau recently pointed out last year, imports of elastic knit pants surpassed those of jeans for the ... Read more
Bespoke Living launch at 5th edition of Heimtextil India and Ambiente …
"Heimtextil India and Ambiente India, touted as India’s premium fairs for home textiles, homeware and interior décor, have launched Bespoke Living, an exclusive product showcase space dedicated to companies dealing with signature collections at Pragati Maidan, New Delhi from June 27–29, 2018. With fo... Read more
Bangladesh to become self reliant in textile & apparel
"Grabbing the third spot, Bangladesh is reigning its share in global exports of textile and apparel products. The country’s exports registered a growth of 9 per cent over the last five years to reach $34.4 billion in 2016, while imports have increased at a CAGR of 7 per cent in the same period to reach $10.3 bill... Read more
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Hong Kong twin fairs draw major crowds
Twin fairs, the Hong Kong Houseware Fair and Hong Kong International Home Textiles and Furnishi... Read more
Fossil Group and Puma sprinting into watches and wearables
Fossil Group and Puma has signed a global license partnership agreement for the design, develop... Read more
Fast fashion leaves communities gasping
Fast fashion leads to problems such as child labor and human trafficking. Mass consumption has ... Read more
Despite obstacles, Bangladesh export earnings rise
Bangladesh’s apparel sector export earnings moved north despite numerous obstacles. And a... Read more
Pure London launches Pure Conscious, aimed at sustainability
Big brands and retail giants are waking up to sustainability and need for green value chains su... Read more
Puma may shift from production from China with US trade tariffs
Puma may shift some production from China to other Asian markets if US tariffs are imposed on f... Read more
Kering’s Q1 revenues up 36 per cent
For Q1 Kering’s consolidated revenue is up 27.1 per cent on a reported and 36.5 per cent ... Read more
Industry wants zero-rated tax retained
Textile manufacturers in Pakistan want the zero-rated tax facility to continue. They also want ... Read more
Bangladesh garment makers want source tax waived
Bangladesh’s garment makers want source tax on export receipts to be waived for three yea... Read more
Intertextile Shanghai Home Textiles fair in August
Intertextile Shanghai Home Textiles will be held in China from August 27 to 30. The home textil... Read more
Industry wants zero-rated tax retained
Textile manufacturers in Pakistan want the zero-rated tax facility to continue. They also want ... Read more
Bangladesh garment makers want source tax waived
Bangladesh’s garment makers want source tax on export receipts to be waived for three yea... Read more
Intertextile Shanghai Home Textiles fair in August
Intertextile Shanghai Home Textiles will be held in China from August 27 to 30. The home textil... Read more
Itma Asia + Citma to be held in October
Itma Asia + Citme will be held in China from October 15 to 19, 2018. The event will showcase st... Read more
Adidas North America President Mark King to step down
President of Adidas North America will step down from his role on July 1. King will be succeede... Read more
Swiss clothing brands urged to sign up with Accord in Bangladesh
Swiss clothing retailers have been urged to sign up with Bangladesh’s Accord. Five years ... Read more
Vietnam’s textile, garment exports to the US touches $3.15 billion
According to General Department of Customs reports, Vietnamese textile and garment exports to t... Read more
US share in Vietnam’s cotton imports dips
Vietnam’s overall cotton consumption in 2018-19 is expected to grow 6.6 per cent year on ... Read more
Staubli leads high speed weaving with new innovations
Stäubli provider of weaving solutions offers range of solutions for automated weaving prep... Read more
Puma’s Q1 net earnings up 35 per cent
For the first quarter Puma’s net earnings went up by 35.8 per cent. Double-digit sales gr... Read more
Circularity gaining ground in global apparel industry
Circularity has become the buzzword in fashion circles today. But it’s usually an abbrevi... Read more
Indonesia hopes to lead global Muslim fashion category
Indonesia hopes to increase export of Muslim apparels by 10 per cent this year. The country&rsq... Read more
Hennes & Mauritz to cut dividend for first time since 1974
The buzz is that Hennes & Mauritz AB will probably cut dividend for the first time next yea... Read more
G Star Raw Creative Director Aitor Throup steps down
Aitor Throup has stepped down as Executive Creative Director, G Star Raw to focus on new challe... Read more