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
EU reforms to curtail fast fashion’s green-washing gimmicks
Fast fashion brands are aware of the consumer mindset change towards sustainable fashion. In a bid to appear environmentally-conscious, many fast fashion brands are paying lip service to sustainability, resulting in deceiving consumers with “green-washing”. The European Union has seen through ... 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
US Cotton Trust Protocol sets the stage for use of sustainable cotton acros…
In November 2021, the COP26 summit held in Glasgow held up a red flag for global fashion industry and the need to act fast and now. According to McKinsey report, under the current trajectory, the fashion industry will overshoot greenhouse gas emissions needed to achieve a 1.5º C global warming ... Read more
Domestic brands give tough competition to global ones in China’s apparel re…
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
Argentinian clothing manufacturers face cost-related challenges
For a country facing numerous economic challenges for long, the fact that its clothing sector has about 50 per cent import component is in itself a challenge. As per The National Institute of Statistics and Censuses (INDEC), clothing is one of the highest performing sectors year-on-year. By June 2022, th... Read more
New EU green legislation to step up sustainability efforts in Bangladesh
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
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
EU textile sector wants cap on gas price
The European textiles industry has called on the European Union to adopt a wholesale price cap for gas. It says a cap above a certain level will result in collapse of businesses. It wants the TTF benchmark parameters to be changed and TTF to be decoupled from the electricity market and the revision... Read more
Fusing street styles with active wear help segment stay ahead in post-pande…
Old habits die hard in the post-pandemic global active-wear segment as consumers still prefer to wear comfortable the clothes they have become used to over the last two years. With healthy lifestyles taking precedence over having a good time and an indulgent lifestyle, majority of consumers (76 per cent) ... Read more
Global luxury brands bank on quick recovery in China market to up sales
Life is like a game of boomerang and sooner or later, everyone sits down to a banquet of consequences of human actions or natural causes. China quickly recovered from the global economic downturn after Covid 19 and became global saviour of luxury brands almost doubling in size compared to 2019 level... Read more
UK fashion industry calls for greater clarity on trade with EU
Even after 18 months of UK officially leaving the European Union, the country has failed to resolve bilateral trade issues. As Mark Neale, CEO, Mountain Warehouse opines, supplying materials to retail stores in Europe has become more complicated and tiresome post Brexit. Increased costs and bureaucr... Read more
Retailers look at lower earnings with inflation squeezing consumer buying
American Eagle is no longer soaring high as it joins the growing list of premium clothing retailers reporting bleak earnings worldwide. The apparel industry is currently trying to figure out what the consumer wants in post-pandemic period with lower demand as inflation squeezes tight budgets of the ... Read more
Christmas bells jingling for India with export of festive items on the rise
The Yuletide is a couple of months away and Indian exporters of Christmas offerings have reasons to deck their companies with successes. It has been reported that India now ranks among the top five countries that makes the festive season merry in the US with offerings of festive T-shirts and decorat... Read more
Inflation shakes up low-cost China markets
China has always been synonymous with low-cost and mass production. However, the ongoing slow recovery from pandemic has led to rampant inflation in pricing, since the lockdown has changed demand in the goods sector and interrupted supply chains. The new virus has led to a further lockdown and there is no... Read more
Global retailers adjust offerings post covid
American Eagle’s comparable sales in the latest quarter fell six per cent from a year ago. The brand’s priorities are adjusting its assortments and rightsizing inventory. Other retailers including Walmart, Target, Gap and Kohl’s face similar problems with bloated inventories... Read more
Indian exports optimistic despite downtrend
India’s upbeat export figures weren’t immune to the pandemic outbreak and Russo-Ukrainian conflict. Last month, exports recorded a decline of 1.15 per cent year-on-year. The worst hit were cotton yarn, fabrics and handloom products which experienced negative growth of nearly 33 per cent. Weak... Read more
Centrestage begins in Hong Kong
Centrestage is being held in Hong Kong, September 9 to 11, 2022. This is Asia's premier fashion event being organised by the Hong Kong Trade Development Council (HKTDC). A number of renowned and emerging fashion brands from Hong Kong and overseas are presenting their spring/summer 2023 collec... Read more
Apparel resellers see growth sustain through quarters, continue to push ahe…
A two-year long pandemic followed by an ongoing war has shaken the global economy. Inflation, economic volatility seems like the new norm as consumers worldwide rethink purchase of non-essentials. In the global apparel reselling sector, the emerging picture is many shades of grey. Are apparel resellers di... Read more
India emerges as big Christmas décor items exporter
India has the potential to be one of the world’s largest exporters. The value of festival goods and accessories sent by sea to the US in August 2022 from India was roughly three times what it was at the same time last year. Even though China exports a sizable portion of Christmas déco... Read more
‘Bangladesh wants to cooperate and collaborate instead of competing with India,’ BGMEA President
Bangladesh apparel industry has bounced back from the pandemic with order books full and deliveries happening across the globe. Expecting to touch $41 billion in apparel ... Read more
‘Suppliers, brands need to rebuild relationships not to repeat similar mistakes in future’, IAF President
The pandemic and now the Russia-Ukraine war have put a lot of pressure on global apparel market across the value chain. The industry is coping with numerous issues includ... Read more
Growing demand from domestic, foreign players boosts India’s textile machinery b…
Heralding a textile revolution in India, the textile machinery industry is transforming from labor-intensive to a more modern and automated manufacturing ... Read more
Innovation key highlight at ITMA 2023
ITMA has announced it will continue to present and share innovative manufacturing technology and materials with the industry at its 19th edition in Milan.... Read more
Santoni launches new XT intarsia machine
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
Gartex Texprocess to be launched as a hybrid event
In conjunction with MEX Exhibition, Messe Frankfurt Trade Fairs India will hold Gartex Texprocess India as a hybrid event. The event will scheduled alongs... Read more
Kornit Digital reports revenues of $57.4 million in Q3
Kornit Digital reported revenues of $57.4 million in its third quartercompared to $47.3 million, net of $2.4 million attributed to the non-cash impact of ... 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
CHINA INSIGHTS
Contributed by Mr. Zhao Hong & Ms. Xing Rong
Amid unprecedented Non Woven growth, China revises mask quality standards
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
China: Silk city Shengze is pilot zone for the world-class textile cluster
Shengze, home to the largest silk wholesale market known for silk and man-made s... 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
Turkish raw material exports up seven per cent
Turkey’s textile and raw material exports increased by seven per cent in ... 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
India swamped by Chinese yarn
Huge imports of Chinese polyester yarn are dampening market sentiments. Domestic spin... 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
Dow develops sustainable practices in Ethiopia
Dow, a materials science company, is helping develop more sustainable manufactu... 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
Burberry appoints creative head
Daniel Lee is chief creative officer of Burberry. He will be based at Burberry&... Read more
Streetwear brand Natural Cotton Color gets eco label
Natural Cotton Color has received the Friend of the Earth label. Friend of the ... Read more
Nigeria develops transgenic cotton
Nigeria has developed two varieties of transgenic cotton. These are aimed at ad... Read more
CCI holds Cotton Day in Mumbai, India
Cotton Council International held its annual Cotton Day in Mumbai. The purpose ... Read more
Chinese technical textile fair in December
CinteTechtextil China will take place December 7 to 9, 2022. The edition will a... Read more
Rental clothes market growing at 11 per cent
The online rental clothes market is growing at 11 per cent a year. The subscrip... Read more