FashionatingWorld - Apparel | Textiles | Fashion

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Vietnam: Emerging a strong world trade centre in a tariff-hit global e…

"Nothing is isolated in world economy today. The US government, in its attempt to punish China for unfair trade practices and reduce its $3.75 billion trade deficit, is forcing some of its strongest allies to run for protection. A prominent partner, Vietnam exported around 35 per cent of its goods to China and the Unit... Read more

Source India 2018: Offers a great platform for buyers/suppliers of man…

"The 2nd edition of ‘Source India’, a three-day mega event organized by Silk & Rayon Textile Export Promotion Council (SRTEPC) is on in Surat from September 21-23, 2018 at the Surat International Exhibition & Convention Centre. The mega textile show, backed by the Union Ministry of Commerce, is... Read more

Next edition of Heimtextil to be bigger, better

"The world’s leading trade fair for home and contract textiles, Heimtextil, to take place from January 8-11, 2019 in Frankfurt, is now expanding its spectrum across a six hall levels. With over 400 international manufacturers, the product range of upholstery and decorative fabrics as well as upholstery and artifi... Read more

Changing buyer behavior, demand pushing up premium fashion in India

"The fashion and lifestyle sector, estimated at $80 billion in India, is growing at a CAGR of 10 per cent. Online fashion contributes around 7-8 per cent or approximately $6 billion to this entire market. It is further expected to reach $12-$14 billion by 2020 with the overall retail market at $100 billion. The driving... Read more

Made in Georgia tag shining in UK

"In the past few years, the EU has contributed €69 million under EU4Business in Georgia, triggering €882 million worth of loans to Georgian companies, supporting almost 40,000 enterprises and creating more than 10,000 new jobs. Funded by the EU and implemented by GIZ, the ‘SME Development and DCFTA in G... Read more

Technology remains the bedrock of Japan’s textile industry

"Dubbed as one of the most technologically advanced nations, Japan has been bringing interesting concepts in the world of textiles. Technical textiles that integrate cyber-technologies, such as Toray’s bio-electrode conductive nanofibre ‘hitoe’, a bio-electrode conductive fibre that monitors a user&rs... Read more

Uncertainty forcing US fashion industry to wait and watch

"That United States Fashion Industry Association (USFIA) tagline -- dedicated to fashion made possible by global trade, is very pertinent today given the kind of policies being pursued by President Trump. As per the US Trade Commission estimates in 2016 textiles and apparel accounted for 9.7 per cent of imports from Ch... Read more

Streetwear’s popularity spells lucrative business for brands

"Streetwear has been constantly evolving and shaping the fashion industry in unexpected ways. Offering something for everyone; from high to low, casual to chic, streetwear is an important segment of fashion business today. For example, the market for US urban streetwear in 2015 was valued at about $80 billion by Statis... Read more

US-China tariff war sees newer sourcing destinations emerging strong

"The escalating US-China trade war is driving many China-based manufacturers and their US clients out of China to other low-cost countries like Vietnam, Cambodia, etc, leather brand Steve Madden is shifting handbag production to Cambodia, Techtronic Industries is moving out to Vietnam while Flex is planning to shift pr... Read more

Pakistan needs to enhance its export competitiveness

"Pakistan has consistently got low rankings on Global Competitiveness Index. It ranked 115 out of 137 economies for 2017-18, compared with India (40), Iran (69), Sri Lanka (65), and Bangladesh (99). Pakistan needs to amplify exports competitiveness just the same way as East Asian economies, such as South Korea, Taiwan,... Read more

Digital is the new way to enhance apparel value chain

"As Industry 4.0 is slowly making its place in manufacturing, retail diaspora too needs to catch up as it’s not an advantage, it’s a dire necessity. Today, digital transformation is not about speed and reduced time to market, it’s about efficiency, earlier validation, creating better products and, mor... Read more

Fashion adopting a functional approach

"Growing online shopping has increased the contribution of online retail sales. Last year, web-based shopping platforms from Amazon to Zalora accounted for 12.1 per cent of retail sales in the Asia-Pacific region. The global e-commerce market is estimated to be worth $2.3 trillion. As online stores deliver everything f... Read more

GSP Plus: Enabling Sri Lanka compete with region’s apparel industry

"Sri Lanka faced export revenue losses of around Rs 250 billion after being blackballed and losing its GSP+ concession in August 2010 on allegations of human rights. The country, which according to the International Trade Centre, was much ahead of Vietnam, Pakistan and Cambodia in apparel exports in 2009, trailed them ... Read more

Asean consumer expenditure on fashion to rise by 7.3 per cent

With growing economic prosperity, Asean consumers are spending more on fashion and lifestyle items. A Euromonitor International survey reveals, the region’s consumer expenditure on clothing and footwear amounted to $ 51.2 billion in 2017. Over the next five years, it is expected to grow on an average 7.3 per cent... Read more

Bangladesh revamping trade policies to boost exports

"Bangladesh’s merchandise exports in the last couple of years have declined to a single digit. The country’s average export growth between FY15 and FY18 was only 5.03 per cent. Moreover, export earnings in the last three years have fallen behind annual projection of the Seventh Five-Year Plan (7FYP). In the... Read more

A resurging apparel industry augurs well for UK

"Though it’s difficult for the millennial to imagine the UK as a mass producer of clothing and textiles, the nation in 1970s had a thriving textile manufacturing industry. The industry started to drift slowly by early 1980s when retailers and brands relocated to emerging markets in a bid to cut costs and increase... Read more

Gap Inc faces challenging times ahead

"Following a strong industry retail report of growth of 6.6 per cent and 6.4 per cent in June and July versus the previous year, and stellar results posted other leading like Urban Outfitters, much was expected from the company Gap Inc. However, the performance of the brand Gap left much to be desired. Gap Inc’s ... Read more

NAFTA 2.0 to change US apparel sourcing norms

"The US demand raises one big question of whether trade-preference levels (TPL) could be altered, allowing for some non-regional yarns and fabric to be used even though garments were produced within the free-trade area; thus enabling them to receive duty-free status. US representatives, in their previous trade negotiat... Read more