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TOP 51-100 NEWS 2016
 

Setting the roadmap for India’s spinning mills

Setting the roadmap for India’s spinning mills

"India’s textile industry is big and growing with 50 million spindles installed. The government has set an ambitious target to boost its share of global textile trade from 5 per cent to 20 per cent. The expert panel delivered a practical and authoritative analysis revealing some often surprising and challenging requirements for successful yarn production."   The shared experience of top textile executives, a global-scale retail group and leading provider of textile quality management technology at an event organised by Uster Technologies recently gave a unique insight into the Indian textile industry. Organised by Uster Technologies, the three day e... Read more

TPP lures many foreign investors to Vietnam’s textile, garment sector

TPP lures many foreign investors to Vietnam’s textile, garment sector

"TPP will help boost production and exports in Vietnam and enhance its maritime trade with the US. As far as the textile companies are concerned, Vietnam’s skilled workers are a plus even when labour costs are higher than that of Bangladesh and Myanmar. In fact, Japanese garment-textile companies have began expanding their production in Vietnam after the Trans-Pacific Partnership (TPP) was approved."   TPP will help boost production and exports in Vietnam and enhance its maritime trade with the US. As far as the textile companies are concerned, Vietnam’s skilled workers are a plus even when labour costs are higher than that of Bangladesh and Myanmar... Read more

As exports fall, China’s ‘Jeans Capital’ at cross roads

As exports fall, China’s ‘Jeans Capital’ at cross roads

"China’s economy is facing tough times with the yuan depreciating against other currencies especially US dollar. The slowdown is also affecting China’s denim manufacturing town of Guangdong. What price are you willing to give? This is common question asked by traders in the ‘denim capital’ nowadays as merchants shrug off and walk away from them. Business is getting harder in the International Jeans City mall Guangzhou in China’s Guangdong province."   China’s economy is facing tough times with the yuan depreciating against other currencies especially US dollar. The slowdown is also affecting China’s denim manufacturing town of Guangdong. What price ... Read more

Asian fashion to take Centrestage through new show in HK

Asian fashion to take Centrestage through new show in HK

CENTRESTAGE being positioned as Asia's Fashion Spotlight will be held from September 7 to 10 this year. An exciting new event is projected to promote Asian designers and fashion brands to buyers. The show will be a combination of exhibition,  runways and trend seminars."   HKTDC is all set to introduce a new show named CENTRESTAGE this September to showcase regional and global fashion. The four-day show being positioned as Asia's Fashion Spotlight will be held at the HK Exhibition and Convention Centre from September 7 to 10 this year. The inaugural show, an exciting new event is projected to promote international and local designers and fashio... Read more

China’s lingerie market heats up

China’s lingerie market heats up

"China’s underwear market was worth RMB167.2 billion (about $25.5 billion) in 2015, up from RMB101.6 billion ($15.5 billion) in 2010, an increase of 65 per cent, according to Mintel. For women’s lingerie (defined as women’s underwear, shape wear and nightwear), the boom was even bigger: sales almost doubled from RMB59 billion ($9 billion) to RMB117.6 billion ($17.9 billion) over the same period, at a CAGR of 14.8 per cent. As a result, international lingerie brands are moving fast to reveal the business opportunity underneath consumers’ clothes."   Boosted by shifts in consumer behaviour, an under-penetrated and highly fragmented market; lingerie in... Read more

China’s dyeing and printing industry runs smoothly despite odds

China’s dyeing and printing industry runs smoothly despite odds

In 2015, China’s dyeing and printing industry ran steadily in general thanks to the accelerating structural adjustment and transformation and upgrading with the exception of output produced by enterprises above the designated size that was in a mire of further downslide from January to November.   Stable operation During January to November 2015, the main business income was 352.562 billion Yuan an of 3.73 per cent year on year with 1.2 percentage points higher, profit was 17.295 billion Yuan which grew up by 8.2 per cent year on year, with an increase of 4.77 percentage points. Profit ratio of sales was 4.91 per cent, up by 0.24 percentage point... Read more

Global impact of Brexit on apparel, textile

Global impact of Brexit on apparel, textile

"According to economists, post Brexit, the British pound is expected to continue tumbling, quickly leading to higher prices. Businesses worried about the impact of Brexit will at best delay investments – and at worst, start moving jobs elsewhere. Even Brexit's strongest advocates have admitted some economic stuttering is likely at first – and, as Britain is the EU's biggest export customer after China, any slowdown here will slow the rest of Europe."   Brexit will make Britain’s politics and economy volatile and extraordinarily uncertain for some time. However, the United Kingdom will no longer be bound by the European VAT rules; the weaker pound ma... Read more

Pakistan’s textiles value added sector upbeat about growth

Pakistan’s textiles value added sector upbeat about growth

"Digital textile printing market in Pakistan has shown good promise as it offers better and high definition textile print design possibilities, lower water, effluent, emissions and energy use with economical production of ‘short run-medium run’ prints to the market. Shorter delivery brings in increased savings to retailers and brands as digital printing hubs are based on proximity sourcing and just-in-time printing and sourcing strategies"   Digital textile printing market in Pakistan has shown good promise as it offers better and high definition textile print design possibilities, lower water, effluent, emissions and energy use with economical prod... Read more

China’s share in global exports remains high, its competitiveness intact

China’s share in global exports remains high, its competitiveness intact

"China is continuing to expand its share in global exports market, while its product mix is becoming increasingly sophisticated and high-tech. Last year, China recorded its first decline in export value since the financial crisis of 2009. This has triggered concerns as to whether China’s export competitiveness is eroding rapidly in light of the competition arising from the emerging number of alternative production bases."   China is continuing to expand its share in global exports market, while its product mix is becoming increasingly sophisticated and high-tech. Last year, China recorded its first decline in export value since the financial crisis ... Read more

Brexit Effect: US apparel stocks see short term dip

Brexit Effect: US apparel stocks see short term dip

"Brexit decision sent stocks tumbling the next day. It led to a fall of 3.6 per cent in the S&P 500 and a drop of 3.4 per cent in the Dow Jones index on June 24. The S&P 500 Apparel and Accessories Index, which is a seven-company index based on Ralph Lauren, Hanesbrands, VF, Coach, PVH, Michael Kors, and Under Armour, erased YTD (year-to-date) gains and fell 5.4 per cent on the day following the Brexit announcement."    Brexit decision sent stocks tumbling the next day. It led to a fall of 3.6 per cent in the S&P 500 and a drop of 3.4 per cent in the Dow Jones index on June 24. The S&P 500 Apparel and Accessories Index, which is... Read more

Indian garment exporters are worried due to Brexit

Indian garment exporters are worried due to Brexit

"But the textile industry hopes Brexit could mean India emerging as a stronger political and trade partner for the UK, thereby expediting work on FTA. Garment exporters in Tirupur are worried as UK decided to exit from EU. For India’s readymade garments (RMG) exports, EU is a major destination. In 2015-16, total RMG exports from India was Rs 1,11,236 crore, of which EU's share was 36.97 per cent."   But the textile industry hopes Brexit could mean India emerging as a stronger political and trade partner for the UK, thereby expediting work on FTA. Garment exporters in Tirupur are worried as UK decided to exit from EU. For India’s readymade garments (... Read more

Brexit could negatively impact Turkey’s textiles, RMG trade with UK

Brexit could negatively impact Turkey’s textiles, RMG trade with UK

"The UK shook the world with Brexit vote as the country is the fifth largest economy of the global market and second in the EU after Germany. Brexit will not only result in crucial changes for the UK and its economy but also for the whole region. The leaving process is expected to take 2-3 years and is expected to have a major impact on Turkish economy."   The UK shook the world with Brexit vote as the country is the fifth largest economy of the global market and second in the EU after Germany. Brexit will not only result in crucial changes for the UK and its economy but also for the whole region. The leaving process is expected to take 2-3 years an... Read more

TPP Affect: India needs new FTAs to compete globally

TPP Affect: India needs new FTAs to compete globally

"With TPP benefitting Vietnam, since it will get duty-free access to the US, Canada and Australia, Gangwar is of the opinion that his ministry along with the Ministry of Commerce is looking at signing FTAs with important markets like the EU, the US, CIS countries, South Africa and Turkey and Latin America, which can provide an edge to Indian exports."   India’s textile and garment exports target of $47.5 billion for 2015-16, with an estimated increase of almost 14 per cent against last year will not be met amid tough global economic conditions. However, textiles minister Santosh Kumar Gangwar is optimistic about India even though the Trans-Pacific P... Read more

Clothing brands relocating to Russia to take advantage of weak ruble

Clothing brands relocating to Russia to take advantage of weak ruble

"With the start of the economic crisis, many Russian retailers have started moving their production from Asian countries to Russia. With the Russian ruble still weak against major currencies, low costs are tempting some of the world’s leading clothes retailers to consider relocating their production facilities to Russia. The owner of the Zara, Pull & Bear, and Massimo Dutti brands among those in talks with the authorities."   With the start of the economic crisis, many Russian retailers have started moving their production from Asian countries to Russia. With the Russian ruble still weak against major currencies, low costs are tempting some of t... Read more

Libery Fairs show expands offerings

Liberty Fairs is stepping into the women’s market this coming season. The trade show will house women’s labels at its February 2018 show in Las Vegas as well as a denim activation named Indigo. Liberty Fairs is a men’s contemporary fashion trade event held bi-annually in New York City and Las Vegas. It curates the most forward thinking brands and brings them together with the industry’s top buyers in an inspiring design-driven environment. The blend of commerce and creativity introduces a new era in trade events and delivers the best of what’s new in the industry. Liberty stands for freedom and space without boundaries. The n... Read more

Post Brexit, TTIP to provide greater compatibility, transparency

Post Brexit, TTIP to provide greater compatibility, transparency

"The initial shock of Brexit is still sinking in across the world. Indeed, the ‘for’ campaigners are exulting as they see the referendum as a sort of reform to save the UK from an unstable EU grappling with migration, security and financial stability issues. Whether they like it or not, the fact is that it is a lot of East Europeans and Asians who work hard to keep the British economy growing."   The initial shock of Brexit is still sinking in across the world. Indeed, the ‘for’ campaigners are exulting as they see the referendum as a sort of reform to save the UK from an unstable EU grappling with migration, security and financial stability issues.... Read more

Vietnam aims for stellar growth in textile, garment export

Vietnam aims for stellar growth in textile, garment export

"With the normalisation of relations between Vietnam and the US in 1995, what followed was the signing of the Vietnam-US Bilateral Trade Agreement (BTA) on in 2000. The treaty opened up a new chapter in investment and trade between the two nations. Then onwards, the textile and apparel industry made remarkable strides, impressing US importers with its reasonably-priced, high-quality products."   With the normalisation of relations between Vietnam and the US in 1995, what followed was the signing of the Vietnam-US Bilateral Trade Agreement (BTA) on in 2000. The treaty opened up a new chapter in investment and trade between the two nations. Then onwar... Read more

Russian apparel brands set their eyes on Asian markets

Russian apparel brands set their eyes on Asian markets

"Russian clothing industry, once highly dependent on imports has transformed dramatically over the last few years. The weak ruble has made imported clothes, shoes and accessories less affordable for consumers, giving more space for local manufacturers, especially in the lower priced segment. Russian apparel brands have adopted anti-crisis strategies by reducing prices or relocating manufacturing facilities from China and Southeast Asian countries to Russia, as labour cost has significantly fallen in the country. "   Russian clothing industry, once highly dependent on imports has transformed dramatically over the last few years. The weak ruble has ma... Read more

Incorporate natural capital in cotton industry business plans, says report

Incorporate natural capital in cotton industry business plans, says report

"The report published by the University of Cambridge Institute for Sustainability Leadership (CISL) highlights the actions needed to ensure positive impacts on natural capital. It presents 15 different management interventions in the cotton supply chain, focusing particularly on water, biodiversity and soil.An online cotton tool was also unveiled to help businesses identify the types of interventions that are most relevant to their cotton production."   Natural Capital Leaders Platform and leading companies joined forces at Cambridge University with cotton experts to unveil a report that demonstrates the positive natural capital impacts of specific ... Read more

Shipments of new textile machinery down in 2015

Shipments of new textile machinery down in 2015

"The 38th annual International Textile Machinery Shipment Statistics (ITMSS) results were released by the International Textile Manufacturers Federation (ITMF) recently and as per the figures in year 2015, shipments in some textile machinery segments saw a fall. Deliveries of new short-staple spindles fell by nearly 8 per cent from 2014 to 2015."   The 38th annual International Textile Machinery Shipment Statistics (ITMSS) results were released by the International Textile Manufacturers Federation (ITMF) recently and as per the figures in year 2015, shipments in some textile machinery segments saw a fall. Deliveries of new short-staple spindles fell... Read more

Trade ties between India-Bangladesh take a positive turn

Trade ties between India-Bangladesh take a positive turn

"Bangladesh aims to invest $25 million in India to directly reach out to end consumers, which is expected to boost sales to $1 billion from the present $300 million over the next three years. There is a considerable demand for RMG products made in Bangladesh such as trousers, shirts, blouses, skirts, kidswear, cotton nightwear and jeans."   India and Bangladesh are competitors in apparel exports but at the same time trade is improving between these nations as rising number of Indian manufacturer-exporters are looking at setting up factories in Bangladesh. And Bangladesh on the other hand, Bangladesh is exploring the India as a potential growth marke... Read more

PSF 2016: Focus on Ethiopia and emergence as in apparel sourcing map

PSF 2016: Focus on Ethiopia and emergence as in apparel sourcing map

Ethiopia is fast emerging a strong destination for sourcing apparel. The country’s clothing and garment sector is undergoing rapid expansion fuelled by foreign investment as companies seek to reduce their reliance on countries like China and Bangladesh.   Ethiopia grows some of the world’s finest cotton and has a rich textile spinning and weaving history, yet its importance on a global scale remains insignificant as of now. With several government incentives, and priority given towards developing the textile and clothing industry across the value chain, a viable business environment and duty free market access to both US and EU, Ethiopia is now be... Read more

Linen changing goes high-tech in healthcare textiles

Linen changing goes high-tech in healthcare textiles

"Acton points out, every time there are new technologies or new additives in the linen, they don’t really consider, for example, the flatwork department. Sometimes it’s just trial and error to deal with some of the issues that arise. Mangini recommended developing a close working relationship with vendors before a high-tech linen product gets into a healthcare system. Testing brings up another area that was discussed by the panel: Do high-tech healthcare linen really work? The panelist felt, testing hasn’t been done yet."     Linen processing in the healthcare industry is changing. The sheets, gowns and other products used by healthcare facili... Read more

Millennials moving towards sustainable clothing than fast fashion

Millennials moving towards sustainable clothing than fast fashion

"Ruling the world with their fast fashion segment, H&M, Zara and Forever 21 have been faring high on being affordable, trendy and disposable. Of late, a new phenomenon is being witnessed owing to the festive season wherein shoppers—especially millennials, the target group for fast-fashion brands —are increasingly looking for clothes made of higher-quality materials or they are keeping their existing clothes longer. Some are even seeking apparel that’s been reused or recycled."       Ruling the world with their fast fashion segment, H&M, Zara and Forever 21 have been faring high on being affordable, trendy and disp... Read more

China facing issues with rise in incomes at managerial levels

China facing issues with rise in incomes at managerial levels

"As China is losing its cost advantage, foreign firms are starting to look at Asean as a more attractive destination. China's competitiveness is eroded by lower labour costs in Thailand and emerging Southeast Asian economies, prompting a growing number of businesses to relocate their production from the mainland to Asean. "   As China is losing its cost advantage, foreign firms are starting to look at Asean as a more attractive destination. China's competitiveness is eroded by lower labour costs in Thailand and emerging Southeast Asian economies, prompting a growing number of businesses to relocate their production from the mainland to Asean. What... Read more

Indian textiles loses ground to Bangladesh, Vietnam

Indian textiles loses ground to Bangladesh, Vietnam

"Traditionally, India’s textile sector not only employed millions of people directly but also gave the country the lion’s share in global trade. Things have changed in recent years and India’s apparel industry is in tatters. Many of India’s textiles mills are shutting down, new jobs aren’t being created because exports are not growing. And countries such as Bangladesh and Vietnam have convincingly left India behind in their race to the top."   Traditionally, India’s textile sector not only employed millions of people directly but also gave the country the lion’s share in global trade. Things have changed in recent years and India’s apparel industry ... Read more

Global spandex market to grow at 8 per cent by 2023

Global spandex market to grow at 8 per cent by 2023

"Estimated over 760 kilo tons in 2015, global spandex market is likely to exceed 1,550 kilo tons by 2023, growing at a CAGR of more than 8 per cent from 2016 to 2023. It is also commonly known as elastane. Asia Pacific, especially China spandex market size was the dominant region and accounted for more than 60 per cent of the total volume in 2015. China accounted for a major chunk of the market in Asia Pacific region in 2015."   Estimated over 760 kilo tons in 2015, global spandex market is likely to exceed 1,550 kilo tons by 2023, growing at a CAGR of more than 8 per cent from 2016 to 2023. It is also commonly known as elastane. Asia Pacific, espec... Read more

Indian textile machinery sector on a flat growth path

Indian textile machinery sector on a flat growth path

"In FY 2013-14, India’s domestic textile machinery and engineering sector made a remarkable comeback two years ago, riding high on new project investments under the TUF Scheme and special textile policies of textile-leading states such as Gujarat, Maharashtra and Rajasthan. It clocked a growth rate of 20 per cent over the last fiscal, touching a turnover of Rs 67.8bn. However, for FY 2014-15, the production value of mainstream textile machinery, accessories, spares and consumables improved only by 3 per cent to a turnover level of Rs 69.6bn."   Dependence on borrowed technology, lack of continuous and sustained R&D initiatives have kept India’s ... Read more

Reuse and donation of old clothes could boost sustainability

Reuse and donation of old clothes could boost sustainability

"Through clothing donation, people can support many causes that are critical to serving a wide group of individuals in need in the local community. According to a study commissioned by ‘Savers,’ a staggering 85 per cent of clothing and textiles ends up in landfills, even though 95 per cent can be reused or recycled. Americans throw away 8.1 trash bags of clothing on average each year or 26 billion pounds collectively."   Through clothing donation, people can support many causes that are critical to serving a wide group of individuals in need in the local community. According to a study commissioned by ‘Savers,’ a staggering 85 per cent of clothing a... Read more

Sustainable fashion for a better environment is the need of day

Sustainable fashion for a better environment is the need of day

"June 5 th was World Environment Day, a day when United Nations wants everyone to reflect on ours and others evil doings towards the environment. This year the theme was: Zero tolerance for illegal trade in wildlife. Wildlife here is not restricted to animals only; it includes everything grown in the wild including plants, fungi, deserts etc ."     June 5th was World Environment Day, a day when United Nations wants everyone to reflect on ours and others' evil doings towards the environment. This year the theme was: Zero tolerance for illegal trade in wildlife. Wildlife here is not restricted to animals only; it includes everything grown i... Read more

Bangladesh aim to achieve the third global denim producer position

Bangladesh aim to achieve the third global denim producer position

"Bangladesh’s denim producers aimed at achieving the third largest position in the globe as denim exporting destination after the USA and Italy by the year 2021 when the country’s total RMG export is targeted to reach $50 billion landmark The denim producers, who are presently exporting $3.5 billion worth products to the international markets, are expecting to achieve $7 billion export target by 2021 by penetrating the $ 64.1 billion global trade, according to the exporters."   Bangladeshi denim will play an important role in raising country’s export earnings. The country has already become the second largest RMG exporter globally after China. Bangl... Read more

Plus clothing category to witness tremendous growth

Plus clothing category to witness tremendous growth

"While fashion shows and women’s glossies are filled with hyper-thin girls, the reality is their body types don’t come close to representing the average American woman. According to researchers, social media has helped spur a wake-up call that has stores, brands and even magazines, realizing the plus-size customer is not just underserved, but that the category is likely filled with pent-up demand."   Research shows social media has been a significant driver in changing the industry’s attitude toward plus customers.While fashion shows and women’s glossies are filled with hyper-thin girls, the reality is their body types don’t come close to representi... Read more

Demand from India expected to boost global staple fibers market

Demand from India expected to boost global staple fibers market

"India is anticipated to fuel the demand for staple fibers owing to increasing manufacturing activities and improving economic conditions. All natural fibers except silk, that are twisted together to form yarns, staple fibers are. Staple fibers can be manufactured either from wool, raw cotton, flax or hemp. The most common raw material used for manufacturing staple fiber is wool and cotton"   India is anticipated to fuel the demand for staple fibers owing to increasing manufacturing activities and improving economic conditions. All natural fibers except silk, that are twisted together to form yarns, staple fibers are. Staple fibers can be manufactur... Read more

Cotton production to recover this year in the US

Cotton production to recover this year in the US

"Cotton production in the United States is touted to recover in 2016/17. While consumption remains stable cotton planting in Northern Hemisphere countries commences this month. In 2016/17, world cotton area is expected to expand by 1 per cent to 31.3 million hectares. From December 2015 through February 2016, international cotton prices as measured by the Cotlook A Index averaged 69 cents"   Cotton production in the United States is touted to recover in 2016/17. While consumption remains stable cotton planting in Northern Hemisphere countries commences this month. In 2016/17, world cotton area is expected to expand by 1 per cent to 31.3 million hect... Read more

GST to reduce costs for retailers, ‘erase’ disparity in textile duty rates

GST to reduce costs for retailers, ‘erase’ disparity in textile duty rates

"After years of deliberation, the goods and services tax (GST), touted as the biggest tax reform in Indian history since independence, finally saw light. GST is expected to reduce distribution costs of retailers, improve the speed to market and boost overall consumption. And as Kumar Rajagopalan, CEO, Retailers Association of India opines the GST will reduce distribution costs and wastages as cascading effect of taxes will go."   After years of deliberation, the goods and services tax (GST), touted as the biggest tax reform in Indian history since independence, finally saw light. GST is expected to reduce distribution costs of retailers, improve the... Read more

India, China to emerge biggest markets for sustainable fashion by 2030

India, China to emerge biggest markets for sustainable fashion by 2030

"India and China, the two most populated countries in the world, are going to be the most coveted markets by 2030. As the current global economic trend moves towards the next decade, it is clear that the US will be replaced by China as the world’s biggest apparel market and India will not be far behind."   India and China, the two most populated countries in the world, are going to be the most coveted markets by 2030. As the current global economic trend moves towards the next decade, it is clear that the US will be replaced by China as the world’s biggest apparel market and India will not be far behind. Though China’s economy has s... Read more

IFAI Outlook Conference: Focus on trade and other aspects of US textile industry

IFAI Outlook Conference: Focus on trade and other aspects of US textile industry

"The annual Industrial Fabrics Association International’s (IFAI’s) Outlook Conference took place in the US recently. They spent two days networking and putting their finger on the pulse of the economic, legislative and business environment while gathering insights into key issues that affect their future paths."   The annual Industrial Fabrics Association International’s (IFAI’s) Outlook Conference took place in the US recently. They spent two days networking and putting their finger on the pulse of the economic, legislative and business environment while gathering insights into key issues that affect their future paths. Senior economist with Well... Read more

TPF 2016 explores opportunities and rapid expansion of global market

TPF 2016 explores opportunities and rapid expansion of global market

The Shanghai International Digital Textile Printing Summit 2016 (TPF) that took place from April 17 to 19 at the Shanghai New International Expo Centre, explored the wealth of opportunities for Chinese printers the rapidly expanding global market. The strengths, weaknesses and development trends of Chinese market is quantified and benchmarked against both competing Asian production centres and the leading western economies. TPF 2016 attracted over 200 exhibitors and 12,000 visitors including textile printing and dyeing factories, end-users (apparel, fabric manufacturers, leather, home textile and ceramic/glass), clothing brands and designers. The visitors ... Read more

It’s digitize or die for supply chains

It’s digitize or die for supply chains

"More than 64 per cent of supply chain professionals in manufacturing and retail plan to ramp up spending on supply chain digitization in the next three years. More than 25 per cent said they would increase the spend significantly. Shoppers in the US are continuing to flee into the more organised arms of online retail, whereas for the first quarter of 2016, retailers were hemorrhaging."   More than 64 per cent of supply chain professionals in manufacturing and retail plan to ramp up spending on supply chain digitization in the next three years. More than 25 per cent said they would increase the spend significantly. Shoppers in the US are continuing ... Read more

USFIA releases third fashion industry benchmarking study

USFIA releases third fashion industry benchmarking study

"The United States Fashion Industry Association (USFIA) has released the third annual Fashion Industry Benchmarking Study, a survey of 30 executives from leading fashion and apparel brands, retailers, importers, and wholesalers. Conducted in conjunction with Sheng Lu, Assistant Professor at University of Delaware Department of Fashion & Apparel Studies, the survey asked respondents about the business outlook, sourcing practices, utilisation of Free Trade Agreements (FTAs) and preference programs, and views on trade policy. "   The United States Fashion Industry Association (USFIA) has released the third annual Fashion Industry Benchmarking Study... Read more

Comfort, look top factors for selecting a pair of jeans: Invista Report

Comfort, look top factors for selecting a pair of jeans: Invista Report

"When consumers want to buy a pair of jeans, they are influenced by a broad range of factors - a total of 12. Above all what counts more are appearance and comfort, with fit playing a greater role in the US and Germany. The recent editions of Kingpins Amsterdam and Kingpins New York (October-November 2016), presented some really interesting survey reports by Invista on women’s jeans consumption, expectations and difficulties when purchasing jeans."       When consumers want to buy a pair of jeans, they are influenced by a broad range of factors - a total of 12. Above all what counts more are appearance and comfort, with fit play... Read more

‘Large capacity addition in a short span of time, is pressuring denim industry’

‘Large capacity addition in a short span of time, is pressuring denim industry’

Sharad Jaipuria, the CMD of Ginni International is also the President of Denim Manufacturers Association of India, where most of India’s denim fabric manufacturers are members. Optimistic about domestic denim industry Jaipuria is also wary of too many new players coming into the fray. He speaks to Fashionatingworld about the challenges facing the Indian denim industry. What are your business expectations from the oncoming Festive/Winter season and in the long term say next two to three years? Denim production in India is growing at a CAGR of over 15 per cent per annum and presently India has a capacity of 1.3 billion meters o... Read more

ITME- TIT conference focuses on Indian textile industry’s growth and future

ITME- TIT conference focuses on Indian textile industry’s growth and future

"ITME- TIT conference “Paradigm Shift-What’s Next in Textiles” focused on the theme ‘Targeting Indian textiles and clothing business at $300 billion’ was successfully conducted as a day-long conference on December 6, at the recent ITME exhibition in Mumbai. Who’s who from the industry, academia and government offered their valuable insights to make India the next global textile hotspot. TIT (The Technological Institute of Textile & Science) Conference was organised by FashionatingWorld/ DFU Publications and co-organised by TAI Delhi"       ITME- TIT conference “Paradigm Shift-What’s Next ... Read more

Amidst challenges China’s apparel sector continues global lead

Amidst challenges China’s apparel sector continues global lead

"For decades, China has been a global leader in textiles and apparel supply chain however, of late the country has been facing major challenges regarding market demand and supply. The global supply chain dynamics is changing across the world as new trade policies are coming up and the emerging sourcing hubs in the global map. To retain its lead in the global demand supply chain, China, now has to deal with various challenges which include rising labour costs and scarcity of skilled labour in certain areas.China braces to cope with new competition."   For decades, China has been a global leader in textiles and apparel supply chain however, of late th... Read more

Premium denim jeans market to grow at 8 per cent globally, Technavio study

Premium denim jeans market to grow at 8 per cent globally, Technavio study

"The premium denim jeans market is forecast to grow at CAGR 8 per cent globally as per a recent study by Technavio. The report gives an overview of the present market scenario along with a forecast on the prospect of premium denim jeans during 2016-2020. The study further calculated the market size considering the revenue generated from retail sales of premium denim jeans to individual customers globally. The report also gives insight to market segmentation as per end customers, various retail formats and geographical segmentation."   The premium denim jeans market is forecast to grow at CAGR 8 per cent globally as per a recent study by Technavio. T... Read more

Athleisure’s popularity does not dampen denim’s growth story

Athleisure’s popularity does not dampen denim’s growth story

"Denim, world’s most popular everyday wear apparel category is likely to continue its growth story in 2016 amidst rising competition from athleisure and other bottom wear categories. A recent Lifestyle Monitor Survey reveals although active bottoms especially ‘yoga pants’ remains the most popular apparel for hanging out at home with 31 per cent usage share , but jeans are the most preferred for running errands (50 per cent), work (32 per cent) and dinner (31 per cent)."   Denim, world’s most popular everyday wear apparel category is likely to continue its growth story in 2016 amidst rising competition from athleisure and other bottom wear categories... Read more

Co-opetition is the way ahead for conserving natural wealth

Co-opetition is the way ahead for conserving natural wealth

"In the highly competitive landscape transforming an unsustainable global supply chain is extremely challenging. But this can be achieved if competitors become colleagues and mentors to garner progress in the long run. It’s the power of collective action that can transform the entire textile and apparel landscape. The same phenomenon was witnessed recently in New York City as environmental nonprofit Canopy, along with H&M, Zara, Stella McCartney, Marks & Spencer and Eileen Fisher, came together along with 87 global fashion brands and retailers to strategies conservation solutions for the world’s endangered forests."       ... Read more

Discontinuation of TPP likely to harm ASEAN economy

Discontinuation of TPP likely to harm ASEAN economy

"If the Trans-Pacific Partnership (TPP) is discontinued at any given point, it’s Asia which is going to be at the receiving end. Singapore, along with New Zealand and Chile, initiated the Trans-Pacific Strategic Economic Partnership agreement in 2005. Despite its small size, Singapore plays a significant role in the TPP. The benefits of the trade pact are more strategic than economic. By playing a part in shaping the rules of the TPP, Singapore is given an opportunity not often accorded to a small country."       If the Trans-Pacific Partnership (TPP) is discontinued at any given point, it’s Asia which is going to be at the rec... Read more

High end streetwear brings growth to global luxury market

High-end streetwear helped boost global sales of luxury personal goods by 5 percent this year to an estimated €263 billion. While streetwear has proven to bring the next generation of consumers into the luxury fold, it is a double-edged sword. Luxury brands are adapting to changing times and striving to connect with a younger and diverse customer base, grooming the next generation of loyal luxury customers. Luxury brands and retailers are establishing exclusive design and marketing collaborations with streetwear labels, hip-hop and rap recording artists and entertainers, and fashion and social media influencers. Several luxury goods labels have profited from hip-h... Read more

Demonetisation a near-term hitch for the textile industry – ICRA

Demonetisation a near-term hitch for the textile industry – ICRA

"The adverse impact of demonetisation on disposable incomes and hence consumer spending has resulted in a slowdown in domestic demand for apparels and other end-products of textile industry in the immediate term. The resulting inventory accumulation with the retailers will, in turn, cause deferment of purchases from apparel/home-textile manufacturers (focussed on domestic market) in the near term, besides resulting in stretched payments. This, in turn, will affect the cash flow of the textile industry and is likely to drive a constraint in the demand for the entire textile value-chain, remarks leading research agency ICRA."       The adver... Read more

 
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