January edition of Munich Fabric Start & Bluzone puts the spotlight on …
One of the world’s largest and most reputed textile industry shows, the three-day Munich Fabric Start that concluded on January 26 showcased multi-layered and complex new materials and presented the colour palette for Spring/Summer ’24. The show also discussed efficiency and transparency throu... Read more
India’s e-commerce duopoly flourishing amongst competition
India’s e-commerce industry is flying high while being driven by increasing pan-India mobile phone adoption across all social and economic segments along social commerce retail giants like Amazon and Flipkart leading the bandwagon. The e-commerce market size is currently estimated at $75 billi... Read more
Study highlights adverse effects of Section 301 tariffs on US businesses
The Section 301 Tariffs on American Consumers and US Businesses imposed by the Trump administration in 2018 in response to China’s unfair trade practices, seem to have boomeranged on the US doing more harm than good. A recent joint industry study has pointed out the negative Impacts on US consumers ... Read more
Pure London launches sustainability toolkit for retailers
Pure London has come up with a toolkit for independent fashion retailers in the UK. With nearly 14,000 independent fashion retailers in the UK, the toolkit is an invaluable resource that provides step-by-step guide with tangible and practical information on everything from reducing carbon footprint and en... Read more
Bangladesh RMG exports to Russia drops as shipments, payments get affected
Shipment of garments from Bangladesh to Russia dropped 47 per cent year on year in the July to December 2022 period of the current fiscal year. Before the war, Russian buyers used to place work orders in big volumes. Ever since the war with Ukraine, Russian buyers have delayed payments. Before... Read more
India’s apparel exports rose in December 22, US continued to have largest s…
The latest Wazir Advisors’ latest ‘Apparel Trade in Key Global Markets and India’, reveals in November 2022, the US imported apparel worth $6.3billion which is 15 per cent lower than apparel imported in November 2021. The report also shows, in December 2022, the US’ monthly apparel... Read more
Asian markets throw lifeline for Bangladesh’s RMG exporters
The effect of two-year long pandemic, followed by Russian-Ukraine war and how Western countries are slipping into recession and tightening their purse strings on non-essential items such as clothing. Whilst Bangladesh went all out during the pandemic to maintain uninterrupted supply to the West by not shu... Read more
India’s garments industry seek favorable tax incentives in Union Budget 202…
Garment manufacturing is the single largest sector and backbone of India’s MSME with a whopping 95 per cent contribution. Stakeholders are hopeful the Finance Minister will announce some incentives for the apparel sector in the upcoming Union Budget. Indeed, the government’s Production Linked ... Read more
Wearing rentals is becoming a lifestyle worldwide
Fashion circularity is no longer a concept celebrated in industry forums and seminars but a living lifestyle choice as rentals are growing phenomenally. Owning a fashion piece is no longer in, it’s all about usability. Rented wardrobes may soon become the norm as consumers are expressing... Read more
Global denim markets continues to stride ahead post-pandemic as demand grow…
After two difficult Covid years of dressing down days, the fashion resilience of denim is being felt once agin. Every year, over two billion jeans are sold globally and apparel manufacturers are now focussed on cashing onto this lucrative segment in post-pandemic days. It is expected by 2023, the size of... Read more
Demand for sustainable kids clothing grows in India riding on celebrity lif…
As the fastest-growing segment in India, children’s clothing is mimicking the eco-consciousness that has started establishing itself within adult clothing. Targeting new-born to 14 year olds, this clothing segment is mirroring the preference of parents who are not only supporting the green planet mo... Read more
Deloitte Retail Outlook 2023 indicates possibility of profitability
Conducted between October 21 and 31 2022 with 50 retail executives working in the US, the Deloitte study indicates retailers can expect positive growth and profitability even during inflationary period. The study has been particularly insightful on how retailers can confidently build on their resiliency a... Read more
As global fashion sector deal with issues in 2023, economic slowdown is for…
Year 2022 was all about positivity and hope for the fashion industry with much hype about the return of consumers after two years of lockdown and uncertainty. Many brands went on to invest in more “on trend” collections that addressed sustainability and eco-consciousness. Fast fashion was pull... Read more
Sustainable cotton grows and fetches better prices: Study
International Institute of Sustainable Development (IISD) published a report recently on the growth of sustainable cotton practices and their pricing, as a part of their Global Market Report on agricultural products. Since 2008, IISD has been tracking the growth of voluntary sustainability standards (VSS)... Read more
The luxury A-list brands of the world being driven by young millennials
Luxury is a personal indulgence and a slice of heaven for those who can afford it or have an affinity towards it. Luxury goods and services are not just defined by the physical item but an emotional experience that transforms the mundane to an elevated feeling. It is not just limited to clothing and acces... Read more
Global maternity fashion market to be worth over $44 billion by 2030: Study
Maternity apparel is no longer a shapeless outfit designed for maximum comfort and nothing else. Contemporary mothers-to-be see no reason that maternity apparel can’t be stylish and fashionable as they juggle a normal work and social life. Scores of social media influencers, fashion magazines and ce... Read more
India’s upcoming Union Budget to relieve textile sector’s stress
Being competitive in global economy is the only way for $200 billion apparel and textile sector to survive. With the first flush of post-pandemic consumerism on the wane with the Ukraine-Russia war proving to be a huge roadblock to Western economies, India’s major export markets are no longer ... Read more
Low pricing a challenge for Bangladesh RMG sector as big brands continue to…
When chips are down due to pandemic and constant floods in Bangladesh, many global multi-million fashion brands are still pulling in their wealth from impoverished suppliers in a subtle form of 21st-century neo-colonialism. Many Bangladeshi factories selling to over 24 of the largest global retailer... 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
US to host filtration event
FiltXPO will be held in the United States, October 10 to 12, 2023. Companies f... Read more
India: Tirupur Q3 exports fall by 19 per cent
Tirupur’s knitwear exports fell by some 19 per cent in the third quarter.... 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
Texworld arrives next week
Texworld Evolution will be held in France, February 6 to 8, 2023. There will b... Read more
Ralph Lauren launches C2C Gold cashmere sweater
Ralph Lauren has launched a cashmere sweater that is certified Cradle to Cradle... Read more
Superdry revenue up 24 per cent
Superdry’s revenue was up 24 per cent in the nine weeks to December-end. ... Read more
India extends time for viscose quality checks
India has extended the implementation of the quality control order for viscose ... Read more
Indian T&A imports up 48 per cent, B’desh contributes most
Indian imports of textiles rose by as much as 48 per cent until November 2022 t... Read more
India takes up technical textile projects
Some 15 technical textile projects have been cleared in India. These cover key... Read more
H&M profit down 87 per cent
H&M’s operating profit fell by 87 per cent in the fourth quarter. Th... Read more
Cambodian exports to EU may decline
Cambodia’s exports of garment, footwear, and travel goods to the European... Read more
Gucci gets new creative head
Sabato De Sarno is the new creative director of Gucci. De Sarno will lead the b... Read more
Apparel Group partners with Steve Madden
Apparel Group will help expand Steve Madden’s footprint in the GCC, Afric... Read more
Oswal Yarns releases declining financials
Oswal Yarns’ total income was Rs 0.2962 crores during the period ended De... Read more
UK show to present creative brands
Pure London (UK, February 12 to 14, 2023) will be bringing together the most fo... Read more
Swimwear sees growing market at 5 per cent CAGR
The global swimwear market is growing at five per cent a year. Swimwear is com... Read more
Istanbul Yarn Fair focuses on cyclical economy
Istanbul Yarn Fair is on in Turkey till February 18, 2023. The fair is a meeti... Read more
Pak infra failure makes textile exports face hurdles
Pakistan’s textile exports are expected to fall in the fiscal year 2022 t... Read more
Levi Strauss expects better margins
In spite of higher costs and currency pressures Levi Strauss expects an improve... Read more
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