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Trendspotting 2019: New tools, customisation, emerging growth centers to dr…

"A major upheaval in the fashion and fashion related businesses in the past few years and a cooling economy is likely to restrict consumer spending this year. This could be further aggravated by the growing trade war between US and China that began last summer when the Trump administration levied a 10 percent tariff on... Read more

Increasing cotton exports boosts profit margins

"According to an ICRA report, the surge in exports of cotton yarn during the initial few months of current financial year helped the domestic spinners record a healthy recovery from the multi-year low profitability reported during FY2018. Cotton prices have softened with fresh arrivals in the recent months, cotton... Read more

Levi’s denim customisation offers creative freedom to customers

"To whet consumers’ appetites for perfectly damaged jeans, Levi’s has been selling denim customised by Aldridge, rapper Snoop Dogg, actress Sasha Lane, surfer Kelly Slater, tattoo artist Dr. Woo, basketball star Blake Griffin and others. Model Lily Aldridge, Vice President of technical innovation for Levi's... Read more

Over 13,000 buyers flock Hong Kong Fashion Week Fall/Winter

"Among the markets outside Hong Kong, this edition of the Fashion Week saw the highest buyer attendance from Mainland China, Indonesia and the US, showing that the sourcing sentiment in both mature and emerging markets has remained unaffected. Among emerging markets, buyer attendance from Russia recorded an increase. T... Read more

Egypt emerges a major sourcing hub, Ethiopia to follow

"Rising labor costs in East Asia and tax-free access to the US market is encouraging Asian textile and garment manufacturers and Western buyers to turn to Egypt. China is planning to move 20 per cent of its production to Egypt either by setting up shop, through mergers or full acquisitions of local companies. The US-Ch... Read more

Africa emerges strong clothing, footwear sourcing destination

"The sub-Saharan African clothing and footwear market is worth $ 31 billion. The number of non-selected and African descent models has increased significantly, on global runways for fashion’s biggest brands. They are featured in leading fashion magazines and among most of the world’s land breaking advertisi... Read more

2019: A year of transformation for menswear fashion

"Year 2019 promises to be that of change in the world of men’s fashion. Events like high-profile label hookups, industry shakeups, and a focus on sustainability will rattle the Richter scale for menswear for the next 12 months with several brands igniting trends, change and quite probably a purchase or two." &nb... Read more

Government schemes boost textile growth, imports cause concern: CITI

"There is positivity in the entire textile value chain thanks to the pragmatic approach adopted by the government, says Confederation of Indian Textile Industry (CITI) has said. However, rising imports of textile products remains a key area of worry. As per Sanjay Jain, Chairman, CITI, the RBI Financial Stability Repor... Read more

New Age innovations turn unusual materials like milk, oranges into textiles

"Bolt Threads’ recently entered into a collaboration with Ecovative for growing faux animal leather from mycelium, mushrooms’ underground root structure. They grow the cells with other nutrients in corn stalk beds, compressing the structure into a two-dimensional material, and then tanning it with English b... Read more

Bangladesh: BTMA makes robust plans for future growth

"Mohammad Ali Khokon was recently elected president of Bangladesh Textile Manufacturers Association (BTMA) for a two-year term (2019-2020). As the President of BTMA, Khokon plans to work in the woven and knit sectors by filling demand gaps. Besides pushing the government to announce weaving as a separate sector and pro... Read more

Pioneer B2B media & publication platform connecting with Fashion Brands & Retail

50th Hong Kong Fashion Week F/W opens, Fashion Launderette in focus

"Organised by the Hong Kong Trade Development Council (HKTDC), the 50th edition of Hong Kong Fashion Week for Fall/Winter started today at the Hong Kong Convention and Exhibition Centre. The four-day event will continue till January 17, 2019. In 2018, the Fashion Week attracted 14,000 buyers from 76 countries and regio... Read more

Macro slowdown forces investors to focus on company strategies

"Over 150 consumer-oriented public and private companies will make presentations before investors, analysts, traders and executives in Orlando, Fla at the 21st annual ICR Conference. However, before these presentations, companies including Urban Outfitters, American Eagle Outfitters, Lululemon Athletica, and Abercrombi... Read more

GTTES 2019 to discuss trending industry topics, expand customer networking

"New opportunities and prospects for the textile industry will emerge as over 400 exhibitors and 48 countries participate in the 2nd edition of Global Textile Technology & Engineering Show in Mumbai from January 18 to 20, 2019. This year, GTTES has seen 26 per cent growth by attracting about 168 companies. It has m... Read more

Additional US tariffs on China to make production expensive

"While the trade truce between the US and China gave brands and retailers some time to plan their counteractions if President Trump levies tariffs on the remaining goods imported from China, it also extended the uncertainty over the future. Every time a new set of tariffs are announced, soft goods brands and retailers ... Read more

Regional supply chains to determine world textile,apparel trade in future

"A growing phenomenon-- RPTN -- refers to geographically proximate countries forming a regional supply chain. Deepening of this RPTN increases the concentration of world textile and apparel exports. In general, three primary textile and apparel regional supply chains operate in the world today. Asian supply chain.... Read more

Top 10 trends to define the fashion agenda in 2019

"The ‘State of Fashion Report’, co-published by McKinsey & Company and Business of Fashion, dubs 2019 as a year of awakening as companies will pioneer new innovations in automation and AI, disrupting themselves before others do it for them. The report 10 key trends that will define the fashion agenda in... Read more

Cotton processing market to reach $72.6 billion by 2023

"Cotton processing market, estimated at $59.7 billion in 2018, is projected to grow at a CAGR of 4.0 per cent to reach $72.6 billion by 2023. Growth is being driven by increasing demand for cotton in the textile industry and rising animal feed. The Asia Pacific is projected to be the fastest-growing regional market wit... Read more

Labor abuses continue to plague major global brands

"A new report by NGO KnowTheChain reveals the fashion industry lacks in its efforts to address forced labor. The NGO surveyed 43 of the world’s largest clothing and footwear companies’ efforts to address the issue. These companies scored only 37 out of a possible 100, with more than two-thirds scoring below... Read more

Dependence on China fickle, India needs to formulate its own strategies

"Textile industry in China maintained a moderate rise in the first quarter of 2016. Textile exports grew by 22.16 per cent reaching EUR 24.6 billion. Exports to the European Union and the United States declined to 9.7 per cent as the set quota limits reached the sum of EUR 7.3 billion, 47 percentage points lower than t... Read more

Louis Vuitton tops BrandZ’s France Top 50 ranking

"In the second annual BrandZ France ranking, released by WPP and Kantar, Louis Vuitton secured the first position ($46.4 billion), Chanel second ($39.2 billion) and Hermès third ($31.5 billion). The total value of BrandZ French Top 50 rose by 12 per cent. While this is significantly ahead of the 2.3 per cent inc... Read more

Garment’s fiber content influences consumer’s purchase decisions

"Apparel industry professionals believe consumers and manufacturers should focus as much on the fiber content and care labels of garments they buy as they do on cost, whether these clothes are being sold online or in-store. Timo Rissanen, Associate Dean for the School of Constructed Environments at the Parsons School o... Read more

Innovations in technology, trends, social media to drive fashion in 2019

"A recent report on State of Fashion 2019 by Mckinsey/BOF notes the top challenges for the fashion industry are: volatility, uncertainty, speed of changing consumer preferences and sustainability. To tackle these, the reports advises industry leaders to be nimble, digitally skilled, experiment with new trends Mckinsey ... Read more

India’s T-shirts exports in Q2 declined across all countries

"Export of knit T-shirts by India registered an export value of $570.17 million in Q2 FY 18-19. This is a 9.62 per cent decline over the previous quarter. This trend of falling exports is an indication for exporters to move towards more value added apparel exports, rather than competing with countries like Bangladesh.&... Read more

Need for more accountability on worker’s safety in South Asia

"The 2013 Rana Plaza collapse in Bangladesh and the 2012 factory fire in Pakistan city kick started a series of litigation processes, public awareness campaigns and safety inspections kick-started in the aftermath of the two fatal incidents. Although some compensation was paid to the victims' families, but did these tr... Read more

Strong domestic demand, growing exports boosts future of Indian textiles

"India’s textiles sector has witnessed a spurt of investment in the last five years. The industry attracted FDI worth $2.97 billion from April 2000 to June 2018. Some of the major investments in include a new skill development scheme named 'Scheme for Capacity Building in Textile Sector (SCBTS)' by the Cabinet Co... Read more