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
The fashion industry is facing numerous challenges across countries. These include obstacles in delivery of in-demand products from suppliers. Also, suppliers are not able to predict demand due to uneven consumption patterns, says Achim Berg, Senior Partner, McKinsey & Co. Focus on new alliances and ... Read more
Traditionally, the global hub of garment production, Asia continues to maintain its dominance across the world. However, off late, the region’s garment sector has been facing certain challenges induced by the pandemic, says a new report by the International Labor Organization (ILO). The report stat... 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
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
Reliant on garment exports for its forex reserves, Bangladesh reported a drop in export in May 2022 as demand from Western economies stagnated due to growing inflation, Russia-Ukraine war and supply chain bottlenecks. Latest Export Promotion Bureau (EPB) stats show, though Bangladesh’s merchan... Read more
As COVID-induced lockdowns in China snap the links of global suppliers, US manufactures are benefitting from growing ‘Made in USA’ sentiment among consumers. Established in 1992, New Jersey-based Unionwear saw a rapid surge in business this year. With 100 per cent local supply chain, the... Read more
India’s textile industry saw phenomenal sales and EBITDA growth in FY22 over pre-COVID levels, shows latest Wazir Textile Index compiled by Wazir Advisors for the year FY22. The index based on the analysis of 10 companies highlights, overall grew by 18 per cent Y-o-Y since 2020. Welspun India record... Read more
To achieve net zero carbon emissions goal by 2030, the fashion industry needs to accelerate its response. Failure to do so might result in doubling emissions from the permitted levels to align with the Paris Agreement, warns a new report by the Global Fashion Agenda. Titled, ‘The GFA Monitor,&... Read more
Recurrent lockdowns to curb COVID spread have led to supply chain disruptions in China besides price rise and sales decline. Shutting down of Shanghai, one of the biggest ports in the world caused interruptions in the supply of goods ranging from technology and cars to beauty and fashion in the coun... Read more
Launched by the National Institute of Fashion Technology (NIFT), the national sizing survey will develop India’s first country-specific size chart to offer Indians better fitting clothes. Targeting various demographics like region, gender, locality and age, the chart will be based on the data ... Read more
Producing one meter of woven fabric from cotton 1-1/8" in a continuous open width process (COW) costed $1.36 /metre on average in 2021. Cost was highest at $1.91/metre in Italy and lowest in India at $1.11/metre, reveals latest edition of International Production Cost Comparison (IPCC) from Internat... 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’
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
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
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
Reviving and revitalizing face-to-face business meetings through the physical f... Read more
For the first time, Bangladesh is participating in Techtextil 2022, which is ex... Read more
A Texbrasil company, Santista Jeanswear, which presented its winter ’23 c... Read more
Nike’s Q4 revenues declined 1 per cent Y-o-Y to $12.2 billlion. Direct re... Read more
Levi’s collaborated with Reese Cooper to showcase its Spring/Summer 2023 ... Read more
The Japanese textile manufacturer Ecosensor™ by Asahi Kasei Advance has l... Read more
Filidea Technical Yarns, the Filidea section specializing in development and pr... Read more
Brazil has imposed an anti-dumping duty on textured synthetic filament polyeste... Read more