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Industry set for long-lasting change with growing emphasis on slow fashion

Industry set for long-lasting change with growing emphasis on slow fashion

  Consumers for long were driven by an insatiable appetite for latest trends. Lured by affordable prices and easy accessibility, they bought clothes in large amounts. However, they soon realized the redundancy of their purchases as most items were used only a handful of times and then discarded. In case, of chi... Read more

New Gen consumers setting new standards in luxury retail

New Gen consumers setting new standards in luxury retail

  Till a decade ago, the luxury market was dominated by baby boomers and Gen X. Today, majority of luxury consumers are barely over 40 years. Having a completely different set of values, millenials are setting new standards in luxury retail. Lowering of age group has led to the inclusion of new styles in luxury... Read more

MMF focus can help Bangladesh enhance textile value chain

MMF focus can help Bangladesh enhance textile value chain

  From 2009-19, global textile and apparel trade grew at 3 per cent CAGR to reach $818 billion in 2019. Majority share is likely to be claimed by the apparel segment which is likely to grow to $470 billion, says a Textile Value Chain report. This will be followed by fabric and yarn as the second and third large... Read more

Highlighting achievements will help remove stigma around Bangladesh apparel…

Highlighting achievements will help remove stigma around Bangladesh apparel industry

  Bangladesh is regularly criticized for poor working conditions in its apparel factories, rising pollution, water wastage, etc. However, for several years, Bangladesh has supported apparel factories through the Accord and Alliance for Bangladesh Worker Safety agreement. The country has also carried out maj... Read more

Slow apparel, textile recovery calls for patience from industry leaders

Slow apparel, textile recovery calls for patience from industry leaders

  The first quarter of this year is proving to be a boom for China’s textile and apparel industry with exports increasing 43.8 per cent to reach $65.1 billion, reveals China Customs Statistics Express statistics. As per China Textile, though China reduced its export projection for the year due to the pand... Read more

Time for brands to launch new collections as apparel demand bounces back

Time for brands to launch new collections as apparel demand bounces back

  The vaccination drive launched by many countries and reopening of the US and UK economies has helped spur women’s interest in dressier clothing. As per Economic Times, more women are buying formal dresses against their earlier preferences for leisurewear. Brands are also adapting themselves to these cha... Read more

Regenerative agriculture gains ground in fashion with more brand investment…

Regenerative agriculture gains ground in fashion with more brand investments

  A new concept known as regenerative agriculture is taking root in the fashion industry with brands like Patagonia, Allbirds, Timberland, Mara Hoffman, Christy Dawn, and luxury conglomerate Kering making heavy investments. As per reports, currently brands are producing only a small proportion of their raw mate... Read more

Growing consumer confidence will bring new opportunities for US retailers

Growing consumer confidence will bring new opportunities for US retailers

  While the retail sector in most countries is still struggling with COVID-19 induced challenges, the US retail has been quick to recover with analysts expecting its 2021 growth to surpass 2020 levels. However, the sector is unlikely to achieve 2019 growth levels and witness a 7 to 12 per cent fall in sales, sa... Read more

COVID-19 sparks consumers’ interest in vintage fashion

COVID-19 sparks consumers’ interest in vintage fashion

Amongst other disruptions COVID-19 has also sparked consumers’ interest in pre-owned or vintage clothing. More people are opting for secondhand clothes now, says Sarah Willersdorf, Managing Director and Partner, Boston Consulting Group. She expects the percentage of secondhand clothes in a person’s wardrobe... Read more

Post Brexit apparel prices vary between the UK and EU

Post Brexit apparel prices vary between the UK and EU

  Brexit has not just changed the way fashion business operates but also brought certain discrepancies in apparel pricing across the EU and UK regions. As per a report by the Edited, tops and outerwear are being sold in the same price range in the EU and UK. However, prices of footwear and bottoms in these two ... Read more

New Age fit-tech tools assure customers of better shopping experience

New Age fit-tech tools assure customers of better shopping experience

  Fitting room closures due to the pandemic has left most shoppers guessing the size of their garments, spiking rate of garment returns. To help these shoppers find their right fit, a number of new fit-tech startups are emerging. Artificial intelligence at stores FitMatch one such startup, opened a first-of-i... Read more

Vaccine rollouts, localization to boost India’s luxury retailer’s prospects

Vaccine rollouts, localization to boost India’s luxury retailer’s prospects

  Like all other markets, the luxury fashion rental market too is bearing the brunt of recurrent COVID-induced lockdowns. As per Money Control, almost 80 per cent property owners in Indian high streets have witnessed 14 per cent decline in their rents. One of these prominent high streets is New Delhi’s Kh... Read more

Fast fashion brands come under fire for involvement in forced labor

Fast fashion brands come under fire for involvement in forced labor

   Fast fashion brands, Uniqlo, Inditex, Skechers USA and French apparel group SMCP have come under fire after a French legal association Sherpa, human rights NGO Collectif Ethique Sur L’etiquette, the Uyghur Institute of Europe and an individual Uyghur victim filed a complaint against them with the ... Read more

COVID-19 leads to the rise of discreet luxury fashion in China

COVID-19 leads to the rise of discreet luxury fashion in China

  The pandemic has created immense opportunities for Chinese luxury fashion with European brands opening new stores, expanding digital operations and boosting e-commerce activities in the country. According to Maura Maggioni, CEO-Asia Pacific, Golden Goose, China houses the entire world’s purchasing capac... Read more

Italian hosiery sector opt for eco-textiles, innovations to move ahead duri…

Italian hosiery sector opt for eco-textiles, innovations to move ahead during pandemic

  Driven by technological innovation and sustainability, the Italian hosiery sector is growing at a robust pace even in the midst of the global pandemic. As per a Knitting Industry report, pandemic has increased the sector’s sustainability awareness and its use of eco-textiles. Alessandro Gallesi, Preside... Read more

Slowdown in EU, US create new opportunities for Chinese textiles and appare…

Slowdown in EU, US create new opportunities for Chinese textiles and apparels

  The bull run that the Chinese textile and apparel industry experienced from November 2020 lasted until March 2021. However, by mid-M arch, the Chinese market started gradually weakening as in 2020 the US retail market struggled with inventory stabilization and recovery. US’ imports of textiles and appa... Read more

India’s yarn exports increase in February 2021 as fibre exports decline

India’s yarn exports increase in February 2021 as fibre exports decline

  In February 2021, India’s export of basic textiles comprising fibres, spun and filament yarns increased 24 per cent Y-o-Y to $822 million. As per a report by Textile Value Chain, they accounted for about 2.9 per cent of total merchandise exported from India during the month. Driven by a sharp increase i... Read more

HKTDC International Sourcing Show underlines brands’ need to focus on consu…

HKTDC International Sourcing Show underlines brands’ need to focus on consumers’ well-being

  In the webinar titled ‘The Perfect Storm: Future-Proofing Your Fashion Business’, Michael Ho, Marketing & Brand Partnerships Manager, Zalora, described 2020 as a year of expansion. The webinar was a part of the three fashion-related webinars hosted by the Online HKTDC International Sourcing Sh... Read more

Denimazing shows the way as a virtual marketplace for denim companies

Denimazing shows the way as a virtual marketplace for denim companies

  It’s said, winners seek opportunity in every adversity. So, when 2020 forced retailers to shut physical stores, Laura Pianazza, Founder, Denimazing, came up with a unique idea of launching an online platform for facilitating B2Bb/B2C sales of denims. Denimazing, the platform is a combination of two wor... Read more

Innovation and resilience to boost Bangladesh denim industry’s growth level…

Innovation and resilience to boost Bangladesh denim industry’s growth levels

  From production of basic wear, the Bangladesh and garment industry is fast transforming into a manufacturer of sophisticated garments aided by high-end technologies. A large part of this growth is being led by the denim industry, says a Denim Focus report. Already a reputed name in the world denim market, Ba... Read more

A new EU legislation may help thwart ‘land grab’ culture in Uzbekistan

A new EU legislation may help thwart ‘land grab’ culture in Uzbekistan

  The ban on Xinjiang cotton has shifted apparel brands’ attention to Uzbek cotton as well. As Apparel Insider report, huge tracts of land in Uzbekistan are being transferred to private operators for cotton cultivation. However, this has left many farmers destitute and poor. Farmers in the country are bei... Read more

COVID 19: An opportunity for luxury brands to create stronger value

COVID 19: An opportunity for luxury brands to create stronger value

  The pandemic has brought profound challenges for the global luxury goods industry. As per a Bain & Company report, luxury goods sales fell to $331 billion in 2020. They are expected to reach 2019 levels only 2022-end or early 2023. A Forbes report estimates 2021 to be a year of transition for the luxury f... Read more

Green energy projects need policy support to boost COVID-19 recovery

Green energy projects need policy support to boost COVID-19 recovery

  Nearly all governments across the world have announced fiscal stimulus packages for their economies to recover from the effects of COVID-19. However, the proportion of funds allotted for sustainability initiatives in these packages is much lower than those announced during the Great Recession, says a report b... Read more

Ready To Show & Virtual Fashion Tour Italy successfully concluded

Ready To Show & Virtual Fashion Tour Italy successfully concluded

   Ready To Show & Virtual Fashion Tour, Italy the duo virtual concurrent events were concluded successfully recently. Held between March 16-19, 2021, the virtual events, first of its kind, were aimed at giving international apparels, accessories, textiles and leather manufacturers direct access for so... Read more

USTR recommends tariff on fashion imports in reply to digital service tax o…

USTR recommends tariff on fashion imports in reply to digital service tax on US companies

  In January this, year, USTR announced plans to indefinitely suspend Section 301 tariffs on certain luxury goods from France. This was in response to the discriminatory digital service tax levied France on certain US digital companies. A report by the Fashion Law terms this tax as being inconsistent with the p... Read more

7th ITMF Corona Survey: Optimistic future with a drop in turnover decline

7th ITMF Corona Survey: Optimistic future with a drop in turnover decline

  The 7th ITMF Corona Survey brings some cheer to the textile industry. The survey reveals the turnover of global textile companies declined 9 per cent in 2020. However, this decline is significantly better than the expected drop of 33 per cent in 3rd survey conducted at the peak of Corona wave in April 202... Read more

Coronavirus Impact
LEADERS SPEAK

‘Retailers need to inform customers about the category of masks they are selling’

Bobby Arora, Director, Status Quo

Bobby Arora 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”

Akira Kawashima, Senior Director, Japan Fashion Week Organization/Textile Division
Akira Kawashima Senior Director“Due to the turmoil caused by COVID-19, global apparel and textile industry has been greatly affected. In Japan, many people are forced to work from home and consequently not only individual workers (including freelancers) but also company employees are frightened of large-scale personnel-cuts. Incomes have reduced to 60 per cent of normal. Amid such a situation, people’s desire for ‘dressing’ is low. This tendency will continue for a while even after COVID-19 is over, which will lead to local small-mid-sized textile companies suffering from lack of funds, as they cannot wait for recovery, causing more bankruptcy and/or voluntary closures.” 
Read Full Interview Here

“Discount retailers and value-oriented brands stand to win”

Usha Periasamy, Director, Brands & Operations, Classic Polo
Usha Periasamy Director Brands Operations Classic Polo“Consumer spending is dramatically curtailed during a recession. Consumers have adopted short-term behaviour during the pandemic that in many cases will become permanent, as a lesson learned from such unprecedented occurrences. Not only do consumers become more financially conservative but also credit may become less available and a large cohort may go into default on their debt, dramatically limiting purchasing power. Consumers will wake up from the pandemic in a new economic reality, changing their commercial behaviours in extreme ways.
Read Full Interview Here

“Deferral of some duty payments and import fees would provide needed liquidity” 

Steve Lamar, President and CEO, AAFA
Steve Lamar President and CEO AAFAUS deferred duty payments on some imports for 90 days. American Apparel & Footwear Association (AAFA) President and CEO Steve Lamar agreed the deferral of some duty payments and import fees would provide "some of the liquidity needed to keep more Americans employed and more American companies operational during this crisis."
But he added: "Limiting the goods that qualify for deferral will in turn limit the relief that is provided for America's employers and also limits the beneficial impact for US supply chains that have been mobilised to meet the personal protective equipment shortage we face domestically. We urge that all goods – including textiles, apparel, footwear, and accessories facing Section 301 tariffs – be covered by this deferral action. Every day we have to pay those duties means another day we can't pay our workers." 
Quoted in Just-Style

Don’t use this opportunity to stitch up suppliers’

Simon Carter, Founder, Simon Carter menswear brand, UK
Simon Carter Founder Simon Carter menswear brand UKMy approach at the moment is that if you don’t need the expense, cut it, but don’t use this as an opportunity to stitch up suppliers. We are hearing stories of brands and retailers that are doing that but in my opinion it won’t serve them well in the longer term. The supply chains are going to be ravaged after this and you will need them. People will remember.
Cut costs and try to keep your cash where you can but you will be judged at the end of this. Try and make low level payment plans at the very least. Similarly, the Coronavirus Jobs Retention Scheme is very generous scheme. Be very careful with the furlough process and don’t abuse it. The government will be checking up. 
Quoted in UKFT

Crisis presents opportunities, and we will be ready to act on those that make good strategic sense”

 Chip Bergh, CEO, Levi Strauss
Chip Bergh CEO Levi Strauss“I also believe that crisis presents opportunities, and we will be ready to act on those that make good strategic sense,” said Chip Bergh, CEO, Levi Strauss , “ not underplay the human cost of the pandemic, or the need to protect employees,” he said, during a conference call with investors.
“Whether that’s taking back underperforming franchise businesses, or upgrading real-estate locations because of retail bankruptcies, or finding great talent in a decimated job market, the crisis gives us an opportunity to not just renew the business, but to reset it for the future.”
“We will play to our strengths, leveraging the strength of the brand, our connection with our fans, and the digital capabilities and omnichannel capabilities that we’ve invested in over the last few years,” he added. 
Quoted in WARC

“Coronavirus lockdown has changed our lifestyles in ways that make buying new clothes particularly irrelevant”

Andrew Lipsman, Principal Analyst, eMarketer
Andrew Lipsman Principal Analyst eMarketerConsumers are actually spending more on essential goods: Grocery stores saw a 26.9% increase in spending and health stores saw a 4.3% increase. This is partly because these are the only brick-and-mortar stores that are allowed to remain open right now, but it is also because consumers are worried about spending money unnecessarily with a significant recession looming on the horizon. Across the board, sectors that rely on discretionary spending have seen declines. “There is a lot of uncertainty and anxiety about the future,” says Andrew Lipsman, principal analyst at the research firm eMarketer. “People are shifting their spending to focus on the things they really need and cutting their budgets on less essential goods.” Quoted in Fast Company
Read Full Interview Here

‘India can take advantage of this situation and increase its textile exports’

G B Aras, Director Textile Engineering Group, ATE
G B Aras Director Textile Engineering Group ATE“One inherent advantage Indian textile industry has is that we are fully independent as far as the supply chain is concerned. Compared to other industries like pharmaceutical, electronics etc, their supply chain is dependent of global suppliers including China. So the industry that can really take advantage from global market with sustainable increase in exports is textile. If the government realizes this and gives proper support the industry will bounce back faster and increase its export share.”
Read Full Interview Here

“Buyers and Sellers should plan together to see how they can sustain”

K K  Lalpuria, MD, Indo Count 
K K Lalpuria MD Indo Count“The current situation is very uncertain, complex and unprecedented. Customers who closed their stores or point of sales have no option but to cancel their orders. In fact, we are unable to ship to even those who have not cancelled their orders. Some have deferred it where there is low impact believing it may start by the first week of June. As the situation has impacted both parties in the business they should take each other’s views in resolving issues; should be open for suggestions and see mutually how they can minimize the loss. They should plan together to see how they can sustain their market share and build on opportunities.
Read Full Interview Here

‘We need to learn from this crisis and push ourselves to be self-dependent’

R K Agarwal, Chairman, Telangana Spinners Association
R K Agarwal Chairman Telangana Spinners Association“Not only India and but the entire world is realizing, we need to have alternate supply sources. Indeed, this is a big eye opener for everyone more so for us since we are in competition with China. There is nothing that stops us from creating large capacities where we will be able to cater to the world’s requirement in various segments, and fulfill the entire value chain in apparel and the downstream industry. I am sure, many entrepreneurs will come forward to assess the pitfalls we are going through and the lessons learnt from them. In future, some investments will go through in fabric and other raw materials that we are sourcing from China. We need to learn from this and push ourselves to be self-dependent.” 
Read Full Interview Here

‘There is an opportunity for India as everyone will look for an alternative source’

Ramesh Poddar, Chairman, Siyaram
Ramesh Poddar Chairman Siyaram“Definitely there is an opportunity for India as everyone will look for an alternative source. Hence, if we are able to exploit this chance, then definitely there is a possibility for India to be the next sourcing hub. China on the other hand has the advantage of bulk production and to get that kind of advantage and to come to their cost structure will take time though our labour costs are comparatively the same and the advantage they have is of mass scale production. I feel India should take this challenge and fill the gap." 
Read Full Interview Here

‘Future apparel sale will depend on the sentiment that prevails after COVID-19’

R K Rewari, Managing Director, Morarjee  Textiles 
R K Rewari Managing Director Morarjee Textiles“It is wait and watch strategy as we have been informed by customers due to the pandemic all orders are on hold. We can prepare ourselves for future challenges of low demand. Low demand means markings are also low and competitiveness is higher in the market this puts pressure on us to go back to basics to see our cost structure, ways of doing business etc. Many things might change. One is low demand, and the other is new rules of conducting business, most of which will be through video conferencing etc. It looks like there could be a systematic change in overall structure. We are preparing ourselves by keeping our morale high, think positive and identifying the gaps that need to be filled to enable us to meet the challenge of demand whether it is low or high." 
Read Full Interview Here 
“When will life go back to normal? Hopefully never” 
Marina Gorbis, ED, Institute for the Future
Marina Gorbis ED Institute for the Future"The normal wasn't normal," said Marina Gorbis, executive director of Palo Alto's Institute for the Future. "The normal wasn't good." The Institute focuses not only on forecasting the future but also developing innovative solutions. "What kind of future do we want to live in?" she asks. "What kind of future do we want to create? And what can we do to promote that desirable future?" COVID-19 has disrupted what we thought was normal. Gorbis said we're at the first of three stages. The first is reaction to the crisis. Reset is second when we re-assess and evaluate what happened and why. The third is reinvention. For example, the pandemic has revealed weaknesses in hospital capacity and gaps in who has health coverage. The pandemic has exposed the need for government help with many households vulnerable when a paycheck ends. "The fact that millions of people don't have $400 in savings in case of emergency is unacceptable. That's not normal," "I don't want to go back to normal," she concluded. "We need to create a new normal."

“I do not think any country is equipped to replace China including India”

Thomas Verghese, Former-Chairman, CII Marketing, Retail and Textile Councils
Thomas Verghese Former Chairman CII Marketing Retail and Textile Councils“Lack of credibility and trust will lead to many large brands looking for alternative sourcing to China but I do not think any country is equipped to replace China including India.  India does not have that kind of capacity to feed global demand and are not in a position for bulk manufacturing of normal commodity items. We do more of customized exports. We don’t do manufacturing of bulk items. We don’t have that capacity and infrastructure at the moment. It will take two to four years minimum even if everyone is aligned and the government gives supporting fiscal and tariff benefits. Given the reality of Indian industry and government’s policy support measures, it seems an unrealistic expectation.”
Read Full Interview Here

‘Once the country opens up, we will face severe worker issues’

R D Udeshi, President, Polyester Chain, Reliance Industries
R D Udeshi President Polyester Chain“Once the country opens up after the lockdown, at the onset, we will face severe worker issues. Textile industry is a labour-intensive industry and with large number of workers having returned to their native bases before and during the lockdown, availability of labour would be scarce. This is generally noticed after festivals and we are likely to face a greater challenge in bringing them back to work. However, we expect things to normalize by May, assuming that the lockdown is partially and reasonably eased by April. Some units will restart aiding workers to return back to their manufacturing hub and situation would gradually stabilise” 
Read Full Interview Here
A slowdown in demand will be seen for fairly a long time 
Arvind Mathur, CEO, Raymond UCO Denims
Arvind Mathur CEO Raymond UCO DenimsThe garment industry is facing a challenging situation. While buyers have stopped orders as they are facing their own problems and production have been cut down but what is bothering is that payments are being held back in most cases. As for our own operations, due to the national lockdown we are adhering to government directives and have stopped work. Once the lockdown opens in India and globally, we will decide the market as most of our products are export based and we do not foresee any immediate change in the situation. There will be a substantial cut down of orders and orders that are on hold or pending may or may not come back soon. I feel, India’s lockdown may continue for a longer time even though I hope it does not extend beyond April 14. Even the domestic market may not be normal once the lockdown is over. A lot of thing has shifted dramatically during this period the impact is going to be for long term. A slowdown in demand both from domestic and export market will be seen for fairly a long time after the lockdown.”

In short to midterm, it would impact as there’s disruption in global supply chain

Dilip Gyanchandani, Country Manager, India, Wool Mark Company
Dilip Gyanchandani Country Manager India Wool Mark CompanyFrom the textile and garment industry prospective there would be short- to mid- term business impact on volumes as due to the lockdown working factories have come down to minimum production levels. From September onwards, normalcy should be restored but it will take about three to four months for the industry to bounce back. Things are looking good now but it is an uncertain period and is difficult to say something at this stage because it looks like we are containing the pandemic.
Read Full Interview Here

‘Once everything normalizes there will be a big momentum’

Debabrata GoshOerlikon, General Manager India 
Debabrata Gosh General Manager India Oerlikon“Once everything normalizes there will be a big momentum. The advantage is that we have a huge potential and such big domestic market hence we are not dependent on exports alone. I don’t see any threat for the textile industry. As for opportunities, we are expecting more export orders in future because the same has happened in the yarn segment and it will happen in the fabric segment also and the world will take India more seriously as a manufacturer. So far everybody was dependent on China. Since they offered cheaper rates, people switched to China but now the world will think in a different way to keep the supply chain active from India.”
Read Full Interview Here
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INSIGHTS

Creativity, innovations to help brands face the COVID-19 storm: McKinsey study

Creativity, innovations to help brands face the COVID-19 storm: McKinsey study

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

COVID-19 Impact: Unchartered way forward for Bangladesh’s denim industry

COVID-19 Impact: Unchartered way forward for Bangladesh’s denim industry

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

COVID-19 is not the only reason for decay of brands and retailers today

COVID-19 is not the only reason for decay of brands and retailers today

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

McKinsey suggests five strategies for fashion companies to combat COVID-19

McKinsey suggests five strategies for fashion companies to combat COVID-19

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

Time for brands to protect the industry by standing by their commitments

Time for brands to protect the industry by standing by their commitments

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

 
Trends that will Influence 2020
TRENDSPOTTING 2020
FEATURED EVENTS
ITAVTS 2020
CEO 2020 FE
 
TEXTILE TECHNOLOGY UPDATE

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COTTON INDEX
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HOW TEXTILE RECYCLING WORKS

UK launches Textile 2030 project

   The UK government has launched a new project that aims to transform its fast fa... Read more

Federal Board of Revenue waives customs duty on Pakistan’s yarn imports

   In its recent notification, Pakistan’s Federal Board of Revenue waived cu... Read more

A Cat Eye View Cat Eye <br />China Insight
CHINA INSIGHTS

Contributed by Mr. Zhao Hong & Ms. Xing Rong

Amid unprecedented Non Woven growth, China revises mask quality standards

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

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

Fespa launches new live virtual events

   Fespa has introduced a new series of live virtual events aimed at helping print... Read more

IVL makes $67 million profit in FY 21 Q1

   Having over-delivered on its targets by 21 per cent in 2020, Indorama Ventres (... Read more

Royal DSM partners with seven PMPs

   Royal DSM, a global science-based company in nutrition, health and sustainable ... Read more

Denim apparel imports by US increase by 0.61% in FY21 Q1

   Global blue denim apparel imports by the United States in the first quarter sur... Read more

Adidas raises 2021 sales outlook

   German sportswear giant Adidas raised its 2021 sales outlook as it expects stro... Read more

Kontoor Brands increases Q1 revenues by 29%

   In its first quarter of the current financial year Kontoor Brands, Inc. a globa... Read more

ILP to expand production capacity with $300 million investment

   Textile Company Interloop Limited (ILP) plans to invest $300 million to expand ... Read more

Australian brands raise capital for COVID-hit India

   Australian fashion and homewares retailers with suppliers in India are raising ... Read more

H&M’s AGM approves board proposals for fees and elected members

   Held under the chairmanship of lawyer Sven Unger, H&M’s annual genera... Read more

Hyosung launches new spandex range for swimwear and athlesiure fabrics

   World’s largest spandex brand Hyosung has launched Creora® highclo, a... Read more

Puma adds new board members

   German sports equipment brand Puma has promoted Arne Freundt, Managing Director... Read more

Superdry’s Q4 revenues increase by 0.8

   Helped by the popularity of online and wholesale business, British fashion bran... Read more

Premium Exhibitions cancels July’s physical editions

   Scheduled to debut as physical events, Seek, Premium and Fashiontech have been ... Read more

Asahi Kasei’s new collection offers diversified technologies

   Asahi Kasei’s new S/S 2022 high-tech fabric collection, Ecosensor™ ... Read more

Fruit of the Loom, Zara launch first joint capsule collection

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US Cotton Trust Protocol to track cotton fiber in partnership with TextileG…

   The US Cotton Trust Protocol aims to trace and track cotton fiber on its blockc... Read more

Sodecoton to increase Cameroon’s annual cotton production by 2025

   Cameroon’s cotton development corporation Sodecoton plans to increase Cen... Read more

Next raises full-year profit forecast

   British fashion retailer Next raised its full-year profit forecast for the seco... Read more

V2 Retail closes non-performing store in Karnataka

   Sportking India’s March quarter profit jumped by 3,475 per cent to Rs 44.... Read more

COVID-19 impacts Bangladesh’s apparel exports to the US

   The fallouts of the pandemic COVID-19 have badly impacted the prices of Banglad... Read more

Fashion Roundtable puts forward11 recommendations

   Fashion Roundtable, the secretariat for the All Party Parliamentary Group (APPG... Read more

Pakistan emerges as world’s top apparel exporter

   Pakistan emerged top apparel exporter to the world in February’21, reveal... Read more

Revenue jump leads to revision in Under Armours annual forecast

   The 35 per cent jump in revenues has encouraged Under Armour to raise its expec... Read more

Hugo Boss restricts Q1sales decline to 10 per cent

   Hugo Boss managed to restrict sales decline to 10 per cent in the first quarter... Read more

India’s cotton yarn exports increase by 2.32 per cent in February’21

   After 10 per cent fall during January ’21, India’s cotton yarn expo... Read more

Euratex urges for more consistency in EU policies

   Welcoming the revised EU industry Strategy, Dirk Vantyghem, Director General, E... Read more

Debenhams to permanently shut all stores by May 15

   Pushed over the edge by COVID-19 lockdowns, British department store Debenhams ... Read more

Adidas to auction Reebok to prevent political backlash

   Sportswear maker Adidas plans to auction its Reebok to prevent it from being af... Read more

Cambodia’s Q1 garment exports decline

   Cambodia exports of garments, footwear and travel goods declined 6.48 per cent ... Read more

Vietnam’s clothing imports rise by 18.2%

   Vietnam’s clothing imports rose by 18,2 per cent year-on-year in the firs... Read more

Kelheim Fibers collaborates with ZDHC on its Roadmap to Zero program

   Bavarian viscose specialty fiber manufacturer Kelheim Fibers has joined ZDHC&rs... Read more

Nike FY20 Impact Reports shows mixed progress on sustainability

   Nike’sFY20 Impact Report, titled ‘Breaking Barriers,’ shows m... Read more

US Cotton Trust Protocol joins TextileGenesis platform

   The US Cotton Trust Protocol has joined TextileGenesis™ platform to deliv... Read more

Pandemic compels fast fashion brands to concentrate on online sales strateg…

   The pandemic has compelled many fashion brands to close their physical stores a... Read more