To make the European Union carbon neutral by 2050, European Commission is adopting a Strategy for Sustainable and Circular Textiles. As per a Lexology report, this strategy focuses on sustainability and circularity issues in the textiles industry. It adopts a holistic approach to make textiles more durab... Read more
Global cotton market is witnessing a deep price fluctuation of late. As Seshadri Ramkumar, Professor, Texas Tech University writes in Textile Value Chain, prices shot up above $1.30/Ibs at the beginning of this season. However, they have been falling since then. Analysts expect prices to decline further d... Read more
Since the 1970s, the General System of Preferences (GSP) has been a boon for top five global manufacturers including Thailand, Indonesia, Cambodia and the Philippines. Now, the proposed reforms to this largest and longest-running trade preference programs threaten to deprive these Southeast Asian co... Read more
Held across several venues in Moscow including the Zaryadye Park, Exhibition of Achievements of National Economy, State Department Store, Revolution Square and Mayakovskaya Metro Station, the event showcased over 3,000 styles from 200 designers. It also featured 208 stylists, makeup artists and over 27, 000 models. ... Read more
Digitalization has gained newfound importance for textile machinery manufacturers, especially in the aftermath of the pandemic that forced physical outlets to shut operations. In times like these, digital services enable them to continue business operations smoothly. Many global textile machinery manufac... Read more
Ellen McArthur Foundation estimates on an average, Americans throws away 37 kg pounds of clothes every year. Around 85 per cent of the garments produced in the country are either thrown away in landfills, or burned causing massive air pollution. Around 95 per cent of total discarded clothing and textile w... Read more
Having grown in leaps and bounds over the last few years, Vietnam’s textile and garment industry has become an integral part of the global supply chain. In 2021, Vietnam became the world’s second largest textile and garment exporter overtaking Bangladesh. It exported textiles and garment... Read more
Widespread COVID-19-led disruption of business operations in China caused textile manufacturers to lose around 5 per cent export orders from October 2021 to March 2022. Most of these orders from the US were diverted to the Association of Southeast Asian Nation (ASEAN) countries, especially Vietnam, shows US Cus... Read more
Having lived through a crippling civil war, a tsunami, the Easter Sunday bomb attack and the two-year long pandemic, Sri Lanka is geared to overcome the current economic crisis. However, it urges the rest of the world to believe in the country’s resolve. “Sri Lankan apparel companies hav... Read more
As a looming economic downturn threatens consumer spending on fashion, apparel retailers are distressing over rising inventory levels. Manufacturers like FutureStitch are reducing the volume of their apparel production to cut stocks. Along with partners like Everlane and Crocs, Futurestich expects stocks ... Read more
Recently released statistics by the CCF Group indicate, textile and apparel shipments of Southeast Asian countries rose in value and volume on a year-on-year basis while they declined on a month-on-month basis in May 2022. Ttextile and apparel exports from Bangladesh and India fell by over 10 per cent whi... Read more
India’s cotton consumption is likely to exceed its current crop this season. Consumption is likely to reach 360 lakhs bales while production will reach only 350 lakh bales. Of the total cotton produced, exports will be around 45 lakh bales. This will create a shortage of 55 lakh bales this year, whi... Read more
Textile recycling industry is expected to provide social, economic and environmental benefits to around €4.5 billion by 2030. It would also create 15,000 new jobs by the period besides increasing the need for nearshoring and reshoring of textile production, as per the Techno Eonomic Study by Euratex&... Read more
ITMF will hold the physical edition of its annual conference after a gap of three years from September 18-20, 2022 in Davos, Switzerland. The event will be hosted by Swiss Textiles and Swiss Textile Machinery. The theme will be: Climate Change and a Sustainable Global Textile Value Chain. It will focus ... Read more
Luxury has just become more expensive, says a new report by Edited. Prices of luxury fashion products have surged 7 per cent above 2020 and 25 per cent above 2019, the report analyzes. They are currently at a four-year low though there’s less than 1 per cent year-on-year difference from last year. ... Read more
The economic sanctions on Russia following its war with Ukraine are making business difficult for many fashion brands in Italy -- the fashion capital of the world. They are especially hurting clothing and shoe manufacturers, as Italy is the largest global producer of these goods. The country exports... Read more
With brands compelled to deal with issues like rising inventory costs and changing customer preferences, the first quarter of the year was a mixed bag for apparel retailers. A report by Modern Retail shows, revenues of retailers including Poshmark, Revolve and TJX Companies increased between 13 and 43 per... Read more
Against its earlier prediction of cotton production reaching 323.63 lakh bales of 170 kg each, during the 2021-22 season, Cotton Association of India (CAI) now estimates, cotton production for the season, starting from October 01, 2021 to May 2022, declined by 8.31 lakh bales to 315.31 lakh bales of 170 k... Read more
The latest India Brand Equity Foundation (IBEF) report forecasts, India’s textile dyes market will grow to $8 billion by 2031. Most of the growth will be stimulated by rapidly evolving fashion trends encouraging manufacturers to experiment with new color combinations and designs. The market wi... Read more
Traditionally, a major cotton exporter, India, for the first time is importing cotton yarn to guarantee uninterrupted supply to weavers and textile mills. Traders are selling imported cotton yarn at Rs 30 per kg lesser than the price of the local yarn, adding further pressure on dwindling profit margins. ... Read more
Net data from China Customs shows, China reduced its spandex imports 20.7 per cent to 7,140 tons from January-April’22 while exports declined only 9.5 per cent to 29.6000 tons from January-April’22. China’s net exports declined 5.1 per cent on annual basis and continued to fall month by ... Read more
Turkiye’s textiles and raw materials exports increased 12.4 per cent to $4.6 billion during January-April 2022 compared to the same period of previous year. As per a Textile Intelligence report, exports of textiles and raw materials surged 13.7 per cent to $1.2 billion in April 2022 compared t... Read more
A massive work order from global fashion brands and buyers led to Bangladesh’s RMG exports rising 33.81 per cent to $31.43 billion during the July-March FY2021-22 period.Though the textile and garment sector in the country is witnessing an excellent flow of orders, supply gain glitches, constant pow... Read more
Not satisfied with being known as one of the world’s most popular jeans brand, Levi Strauss & Co, aims to grow into an international conglomerate with a wide portfolio of brands and multiple stores with a strong presence in categories beyond denim,including tops and womenswear. The... Read more
Brands face a tough situation while taking a stand on the Xinjiang issue. If they decide to continue sourcing from the region, they face ban and other legal actions from the West and if they leave, they have to deal with large commercial losses. Either way it’s a catch 22 situation for them. Brands... Read more
One of the region’s top employers, Asian garment makers are h facing mounting losses for some time with some small units even suspending operations, rendering thousands of workers jobless. Yet to recover from the sharp rise in freight and fuel prices, garment makers in Asia have been further hit by ... 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’
Pakistan’s leading denim manufacturer AGI Denim has become the first B Co... Read more
A new study from MediaVision shows, online fast fashion giants are facing chall... Read more
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
A report by GlobalData Plc says, the US sportswear market is expected to grow a... Read more
Data from Bridge Market Research suggests, polyester market is expected to grow... Read more
The Italian denim and streetwear manufacturer C&S is foraying into the luxu... Read more
MarediModa will return to its physical edition from July 17-19, 2022 in Maimi a... Read more
Shrugging of inflationary pressures in the US and Europe, Bangladesh’s ap... Read more
International eco-hub C.L.A.S.S. plans to team up with Milano Unica to encourag... Read more
Set to take place from August 29-31, 2022, at the National Exhibition and Conve... Read more
ShavkatMirziyoyev, President, Uzbekistan has directed the government to generat... Read more
Focusing on luxury fabrics, new trade show TexPremium was held from June 27-28,... Read more
Sourcing event Texworld Evolution Paris will host over 400 international exhibi... Read more
InfinitedFibre Company plans to build a commercial-scale factory to produce reg... Read more
Challenges like rising labor costs, production and process automation, ‘r... Read more
German Company Schoffelintroduced its new subsidiary Schöffel Pro for the ... Read more
Shrugging off the 40-year high record inflation in the United States and Europe... Read more
The supply disruptions in China are causing concern over shortage of raw materi... Read more
Rating agency ICRA has revised the long-term rating for V-Mart Retail at [ICRA]... Read more
MukeshAmbani’s daughter IshaAmbani has been named as the Chairman of Reli... Read more
The operating profitability of home textile companies is stabilizing by 150-200... Read more
Hennes & Mauritz (H&M) AB has decided to acquire the company’s ow... Read more
The anti-dumping duty on import of textile chemicals from Bangladesh has been l... Read more
The upcoming edition of The Garment Show of India has been postponed, and the s... Read more
Global leader in denim authenticity and sustainable innovation for over 130 yea... Read more
Skechers a brand from Skechers USA, Inc has been awarded Men’s Footwear B... Read more
The Republic of India and the United Kingdom concluded the fourth round of talk... Read more
Denim brand Diesel has launched a new logo ‘The Big D’ with an aim ... Read more
British Wool has purchased new premises in Selkirk, which will replace its curr... Read more