One key MSME to have made a significant contribution to the India’s GDP growth amidst the pandemic is textile and apparel MSMEs. Textile and apparel MSMEs contribute around 5 per cent to India’s GDP every year and account for almost 7 per cent of total industrial output annually. So far, the s... Read more
Reducing dependence on China, international brands have been diverting their orders to India since the last three years. Exporters in the Tiruppur cluster have received more orders leading to a $44 billion jump in textile exports in 2021-22, says Raja Shanmugham, Managing Director, Warshaw Internati... Read more
EU’s trade deficit increased in 2021 as textile and clothing exports increased 10.6 per cent while imports declined -7.5 per cent. As per the Spring report by Euratex, import prices of EU clothing and textile declined during the year due to a drop in import prices of Chinese face masks and pro... Read more
Currently, the third largest producer of synthetic and MMF fibres and polymers like polyester, PP, nylons and viscose etc, India aims to enhance its production capacity for technical textiles to $27 billion by 2026. As per a Textile Value Chain report, increased availability of MMF and synthetic fib... Read more
Improving production facilities and compliance standards will boost Bangladesh’s apparel exports to $100 billion in the next 10 years, observed international clothing retailers and brands at the recent Sustainable Apparel Forum 2022 in Dhaka. Bangladesh will continue to remain the most preferred app... Read more
With a 36.4 per cent/kg increase in payment to members this year, British Wool British Wool is paying almost £8.4 million to members. “This represents a huge recovery from the challenges of 2020,” explains Andrew Hogley, CEO. Improved auction prices for wool over the last 12 months... Read more
As demand for sustainable products rise, luxury re-commerce is emerging as a big opportunity for brands to capture the millennial audience. However, with brands being slow in catching up with this trend, third party platforms such as The RealReal, Vestiaire Collective, and ThredUp are fast emerging. Howe... Read more
Insufficient power and energy supplies have failed to discourage Bangladesh entrepreneurs from investing in the country’s RMG sector, witnessing excellent flow of work orders. Big domestic entrepreneurs like the Team Group, Urmi Group, RDM and Sheltech are expanding their garment manufacturing capac... Read more
In March 2022, the situation of textile business across all regions and segments remained positive with +14 percentage points reveals the 13th ITMF Corona Survey conducted amongst over 220 companies across the world. As per the survey of all segments in the textile value chain, around 43 per cent companie... Read more
Piyush Goyal, Union Minister of Commerce & Industry and Textiles has called a meeting of all stakeholders to look into possible solutions for rising cotton prices. Upendra Prasad Singh, Textile Secretary believes government intervention is necessary to curb rising cotton prices. However, the intervent... Read more
Cotton demand that remained dormant during the second pandemic wave is now being released with consumption rising to 360 lakh against normal levels of 290 to 320 lakh bales. The US sanction on cotton imports from Xinjiang province and attractive cotton futures trading are also fuelling cotton prices... Read more
In the first quarter of 2022, the US’ imported 24.72 per cent more apparels from Bangladesh and Indonesia, as against the same period last year, says latest Commerce Department’s Office of Textiles and Apparels (OTEXA) figures. As per a Sourcing Journal report, the country imported 50.12 per c... Read more
An important growth driver of its economy, Bangladesh readymade garments (RMG) industry mainly depends on import of raw materials like cotton. As per a Textile Focus report, Bangladesh imported around 8.5 million bales of cotton, worth over $3 billion in 2021. The pandemic caused several disruptions in B... Read more
Technological innovations offer fashion companies an opportunity to not just better serve customers but also improve business efficiency. In 2021, fashion companies invested around 1.8 percent of their revenues in technology, as per a McKinsey & Co report. By 2030, this investment is likely to surge ... Read more
The uncontrolled rise in cotton prices for the last one year is compelling most fashion retailers like Shoppers Stop, Celio and Arvind Fashions to increase apparel prices. Despite efforts to be cost-efficient, retailers have not been able to absorb the entire surge in input costs, says Kulin Lalbhai, Dire... Read more
Upcoming Gartex Texprocess 2022 fair to be held from May 12-14, 2022 at the Jio World Convention Centre, Mumbai will highlight advanced and sustainable garment manufacturing technologies in India. The fair being jointly organized by Messe Frankfurt India and MEX Exhibitions will display innovative p... Read more
Last month, international brands and retailers decided to lift the ban on cotton grown in Uzbekistan. The decision came as a huge relief to the country as cotton is the main cash crop in Uzbekistan, one of the main pillars of its economy. As per a daijiworld.com report, cotton cultivation in Uzbekis... Read more
As consumers sought to refresh their wardrobe post pandemic, they mostly shopped for denim, reflecting their desire to retain comfort in their ensembles. Comfort will continue to be a dominating factor in consumers’ clothing choices, says Elizabeth Spaulding, CEO, Stitch Fix. However, they may... Read more
Intensified by the pandemic, supply chain woes are offering US brands new opportunities to bring apparel production back to the country. Many apparel makers had shifted production overseas in the 1990s mostly to China and few Asian countries that offered cheap labor, raw materials and lower operatin... Read more
Metaverse is emerging as the hottest trend in the Sri Lankan fashion industry with brands creating outfits existing either partially or completely in the virtual space Financial services company Morgan Stanley predicts, metaverse would add nearly 25 per cent to Sri Lanka fashion industry’s total ear... Read more
In an alarming fact, consumers will throw away over 134 million tons of textiles each year by 2030. With outfits designed to be worn just a few times, most of this unrecyclable fashion waste is likely to end up in landfills and remain there for centuries. Benefits of viscose rayon fabrics Consumer... Read more
Debt-ridden Future Group faces an uncertain future as three of its companies, Future Retail, Future Lifestyle Fashions and Future Supply Chain Solutions, stand on the brink of insolvency. All three companies have a total outstanding debt of Rs 6,474.98 crore. Of this, the total debt of Future Retail stand... Read more
The government’s decision to allow duty-free cotton imports till September has led to the signing of many new deals across South India. Prabhu Dhamodharan, Convenor, Indiian Texpreneurs Federation notes, several mills in Tamil Nadu have started placing orders for imported cotton. They are plac... Read more
Indian apparel makers revenues have been growing 16-18 per cent on account of Sri Lanka-China crisis and a robust domestic demand. In 2021-22 fiscal, India’s apparel exports grew over 30 per cent while ready-made garment (RMG) shipments totaled $16018.3 million. India exported most of its textiles a... Read more
From brick and mortar stores, fashion retail is moving towards fast and decentralized world of e-commerce. Consumers are opting for new ultrafast sales model as it is faster than fast fashion. Retailers like Boohoo, Asos, Shein and Missguided are gaining traction with their ability to match supplies... Read more
Popular brand across the US in early 2000s and 2010s, Abercrombie & Fitch is making a comeback with renewed focus on sustainability. The brand’s debut on TikTok with the hashtag #aberchrombiehaul has already garnered 72 million views. As per a report by a content management company Brightl... Read more
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
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
Heralding a textile revolution in India, the textile machinery industry is transforming from labor-intensive to a more modern and automated manufacturing ... Read more
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
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
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 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
Spurring the biggest economic contraction since World War II, COVID-19 has hit every sector from finance to hospitality. Its discretionary nature makes the sector particularly vulnerable, say McKinsey... Read more
Top global brands/retailers have been flocking to Bangladesh for the quality of denim products at competitive prices. A new relatively new entrant in denim, Bangladesh expects strong demand for their ... Read more
Even before COVID-19 pandemic, most Western brands and retailers were struggling to survive. In the new millennium, brands and retailers increased their reach to new geographies by opening more and mo... Read more
Even as brick-and-mortar shut down, fashion firms can position themselves for recovery when the COVID-19 pandemic fades, says a McKinsey study. However, to achieve these objectives, firms need to firs... Read more
CANCEL the shipments, is not the right word at the moment, perhaps to HOLD could be more reasonable. Brands should stand by their commitments as their orders are already in process. This is the only ... Read more
‘Retailers need to inform customers about the category of masks they are selling’
Bobby Arora, Director, Status Quo
“We wait for customers to come into our stores. At this moment it is important for every offline retailer to reach out to their customers and tell them about the new products they have started selling. They need to tempt and bring their customers to buy their product and when they buy they will obviously come in and buy more products. Sometimes even though we do not want to buy online but the continuous rotation of ads tempt us to buy the product but this doesn’t happen offline. In today’s situation retailers will have to adopt this approach of showing customers the products they need as it could be they are delaying the purchase of these products.”
Read Full Interview Here
“China’s superiority may remain unchanged even after COVID-19”
“Discount retailers and value-oriented brands stand to win”
“Deferral of some duty payments and import fees would provide needed liquidity”
‘Don’t use this opportunity to stitch up suppliers’
“Crisis presents opportunities, and we will be ready to act on those that make good strategic sense”
“Coronavirus lockdown has changed our lifestyles in ways that make buying new clothes particularly irrelevant”
‘India can take advantage of this situation and increase its textile exports’
“Buyers and Sellers should plan together to see how they can sustain”
‘We need to learn from this crisis and push ourselves to be self-dependent’
‘There is an opportunity for India as everyone will look for an alternative source’
‘Future apparel sale will depend on the sentiment that prevails after COVID-19’
“I do not think any country is equipped to replace China including India”
‘Once the country opens up, we will face severe worker issues’
In short to midterm, it would impact as there’s disruption in global supply chain
‘Once everything normalizes there will be a big momentum’
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