50 News Shaped 2017 2

Global contents also translated in Chinese

TOP 51-100 NEWS 2017

Asia dominates as shipment destination for textile machinery: ITMF

"Global shipments of electronic flat knitting machines soared by 99 per cent in 2016.Asia received the highest share of shipments, at 94 per cent. China remained by far the world’s largest investor for flat knitting machines in 2016 with Chinese investments having a global share of 73 per cent, according to The 39th annual International Textile Machinery Shipment Statistics (ITMSS), released by the International Textile Manufacturers Federation (ITMF)." Global shipments of electronic flat knitting machines soared by 99 per cent in 2016.Asia received the highest share of shipments, at 94 per cent. China remained by far the world... Read more

Activewear gaining ground in China, Euromonitor study

"Till now, the US used to be main market for athleisure companies but now, the table seems to be turning towards China. The market of activewear/athilesiure in the US with a population of 321 million people is estimated at $44 billion, says a NPD Group study. While the category is expected to continue to grow trend as per Morgan Stanley forecasts will reach $83 billion by 2020. With rising enthusiasm for sports activities, more local consumers are engaged in various forms of physical exercises amidst accelerating pace of life and mounting work-life pressures." Till now, the US used to be main market for athleisure companies but now, ... Read more

In the race to win, it’s about co-opetition for intimates and athleisure

Golobal intimates market keeping pace with athleisure trends—and in some cases, the two categories are considered teammates rather than competitors. Millennials are attracted towards ‘bralette’ of late — easy to wear, cost effective and more comfortable. For Pattie Ficorilli, Senior Account Manager, intimate apparel and swim, North America for Invista, the appeal is easy to recognize. They are pretty, lacy and meant to be seen. It’s a different way to think about your intimate apparel that we haven’t seen in a long time. It’s a return to femininity. Golobal intimates market keeping pace with ... Read more

India’s cotton spinning production to witness a downturn

"Withstanding price pressures, Cotton spinners in India are resorting to production cuts in the current financial year to sustain profit margins. Experts estimate an average production cut of 15 per cent for fiscal 2017-18, if the current scenario continues. A recent study by Care Ratings estimates India's cotton yarn production at 3,936 million kg for financial year 2016-17, nearly five per cent lower than 4,138 million kg output reported in the previous financial year. For the past few years, cotton yarn production has increased by 3 -3.5 per cent to meet domestic demand and exports." Withstanding price pressures, Cotton spinners i... Read more

Pakistan Apparel Forum fears cotton yarn price will hit textile exports

Chairman of the Pakistan Apparel Forum, Muhammad Jawed Bilwani anticipated the skyrocketing price of cotton yarn would seriously affect the country’s value added textile exports and increase in yarn prices will ruin the government's efforts to enhance exports and reduce the ever widening trade gap while setting a milestone in export figures. During July-Sep 2017, cotton yarn exports were 1,23,346 metric tons valued at $3,20,942 during the same period of last year where exports were 1,07,122 metric tons valued at $3,06,958 which shows a 15.15 per cent increase in quantity and 4.56 per cent in dollar terms. This reveals that cotton yarn, basic raw material, ... Read more

India’s denim segment to witness slowdown in FY18: Ind-Ra study

"India’s denim segment, with close to 10 per cent market share of the textile industry, is expected to witness deterioration in credit profile in the absence of improvements in realisations in FY18, says a recent report, ‘Stable Input Prices, Fiscal Incentives to Support Textile and Cotton in FY18’, by India Ratings and Research (Ind-Ra). Denim’s operating margins is slated to fall 10-11 per cent in FY18 owing to cost inflation amid surplus capacity in denim standard products with low cotton content." India’s denim segment, with close to 10 per cent market share of the textile industry, is expected to wi... Read more

Gap publishes supplier list

Gap has disclosed the list of factories from which it sources shoes and clothing. There are 885 such factories in roughly 30 countries, including China, Bangladesh, Sri Lanka and Guatemala. Other firms that recently made similar disclosures include Marks & Spencer and Dutch clothing chain C&A. This is a significant step forward for transparency in supply chain management. Full disclosure of suppliers allows civil society groups to monitor and rapidly alert brands to any human rights violations at individual locations as well as keep tabs on attempts by factories to use unlicensed subcontractors. The issue of subcontractors remains an ongoing concern with Gap as ... Read more

India’s cotton woven fabric import witnessing decline

"India's import of cotton woven fabrics has been moving south over the years. Cotton woven fabric imports during 2016-17 (provisional) at $133.46 million, is 18 per cent lower than in the previous year. Imports especially fell significantly from 2014-15. In that year, at $189 million imports were 28.71 per cent lower than in the previous year. In 2015-16, imports were to the tune of $163.19 million. 100 per cent cotton fabric accounts for over 50 per cent of total cotton fabric imports." India's import of cotton woven fabrics has been moving south over the years. Cotton woven fabric imports during 2016-17 (provisional) at $133.46 mil... Read more

İHKİB sees value addition, good product design the mantra to stay ahead

Turkey is keen on acquire international brands with strong marketing networks abroad, Istanbul Apparel Exporters Association (İHKİB) Chairman Hikmet Tanrıverdi announced recently. Tanrıverdi says the Ministry of Economy was already working on potential procurements. He stressed the importance of design in different sectors and said Turkey should focus on design in its growth policy. He pointed out design can add value to a product and added that consumers are always looking out for different products so it is important to catch up with their demands. He says there are thousands of companies that produce but do not have any designing projects. Turkey should bring the... Read more

India’s growing expanse of sustainable cotton farming

"With global cotton industry under scrutiny for using forced and child labor and polluting the environment, Western companies are now working with farmers to clean up fashion's leading natural fiber - and its complex supply chain. The phenomenon is visible with a crop of farmers coming ahead towards this cause. Kanchen Kanjarya is one such example having a small farm in Mayapur, Gujarat." With global cotton industry under scrutiny for using forced and child labor and polluting the environment, Western companies are now working with farmers to clean up fashion's leading natural fiber - and its complex supply chain. The phenomenon is v... Read more

PSF 2017: Focuses on surviving, sourcing in uncertain times

Two broad themes dominated the discussions at the recent Prime Source Forum (PSF) held in Hong Kong (March 13-14, 2017), first, economic environment in 2017 given the uncertainties in new sourcing landscape, survival under global political frictions; second, getting ready to meet the demands of millennial consumers -- an individual who wants to ‘look now, buy now and wear now’ through digitisation, automation, and e-commerce. Around 300 senior executives from global fashion supply chain spread across 20 countries attended the two-day forum. Two broad themes dominated the discussions at the recent Prime Source Forum (PSF) ... Read more

Eco-clothing gets luxury makers’ attention

"With consumers waking up to eco-clothing, luxury brands and sportswear companies are increasingly looking at alternative materials to create sustainable clothing. There are greater opportunities in recycled and alternative fabrics made from unusual materials like mushrooms, oranges and even proteins inspired by spider-web DNA. Soon, there would be tie-ups among businesses looking for ways to make leather without cows, silk without worms, fur without animals and fabrics from recycled waste. There are already great examples in the industry." With consumers waking up to eco-clothing, luxury brands and sportswear companies are increasin... Read more

Vietnam looks to textile suppliers from India

Textile and garment companies of India are looking to promote trade cooperation with Vietnamese enterprises. The country’s textile and garment materials export turnover to Vietnam in recent years has increased on an average by 20 per cent a year. Vietnam is one of the five largest textile and garment exporters in the world. However, the country is also one of the world’s leading importers of fabrics and materials. The shortage of high-quality materials for production is the biggest barrier to Vietnam’s textile and garment industry, hindering the country from taking advantage of free trade agreements. Cooperating with Indian businesses will be an effect... Read more

Indian sportswear market grew 22 per cent in 2015-16

In 2015-16, the Indian sportswear market grew 22 per cent, outpacing the segment’s global increase of seven per cent. By 2020, it is expected to grow at 12 per cent CAGR. Nearly 80 per cent of India’s sportswear market is dominated by global brands like Adidas, Reebok, Nike and Puma, with others such as Under Armour, Fila and Lotto, domestic multi-brand sportswear retailers like Planet Sports and Royal Sporting House, and emerging local players, collectively battling for the remaining 20 per cent. Between the Big Four, Adidas currently holds a 45 per cent market share, operating 760 stores through the franchise mode. Competitors like Puma and Nike also run t... Read more

BoF, Lyst Index releases Q3 hottest fashion brands, Demna Gvasalia tops list

"Balenciaga has become the hottest fashion brand beating Gucci. Latest research, indicates Demna Gvasalia-designed brand went up two notch to top the hottest brand ranking in the third quarter of 2017. Even after slipping one rank, Gucci continues to excel as the most consistent performer in the hottest brand ranking to date this year. Between July and September, the label launched Gucci Décor — an eclectic line of home furnishings and treatments — and announced its collaboration with Dapper Dan, driving brand searches across the e-commerce sites Lyst aggregates." Balenciaga has become the hottest fashion brand bea... Read more

Brexit uncertainty pushes up raw material costs

"With uncertainties prevailing around Brexit, British clothing retailer Next recently warned about a tough trading year ahead. Shares in Next slid 11 per cent on the news, dragging down stock values of clothing competitors Marks & Spencer and Associated British Foods, which owns budget garment chain Primark. In a trading update, Next said weak pound would result in garment prices rising by up to 5 per cent in its financial year to January 2018. “In the year ahead we face a number of inflationary pressures in our cost base,” Next said in a statement." With uncertainties prevailing around Brexit, British clothing retail... Read more

The US continues to lead the global sportswear market

The US remains the world’s largest sportswear market as it continues to witness significant growth. The size of the US sportswear market is estimated at $44 billion, and expected to grow at a CAGR of 3.1per cent over the next five years. Despite the fact that growth of sportswear in China, is quickly catching up, the US’s leading position is likely to be maintained over the next few years, due to steadily increasing sales in the country. At present, the men’s sports apparel segment is dominating the US market, while children’s sports apparel segment is growing rapidly because of increased demand for children’s sports apparel in the country. ... Read more

Water conservation techniques, need of the hour for global denim players

"Lot has been said and debated on the usage of water that is required to produce a single pair of jeans. It takes more than 900 gallons of water to produce a single pair of denim jeans using conventional practices. That’s equivalent to a faucet left running for 15 hours, flushing the toilet 128 times in a row, or five years’ worth of drinking water for one person. All these are startling facts when water has become a scarce commodity. Therefore, water-saving measures are a must for the textile industry. Denim mills and chemical manufacturers have been consciously making efforts to find new water-saving dyes, waterless or near-waterless processes or manufacturi... Read more

Sustainability in focus at Kingpins Amsterdam and Denim Première Vision

"The push and pull between rigid and stretch, authentic and performance, and fast and handcrafted played out at Kingpins Amsterdam and Denim Première Vision, where a global blend of mills, trim suppliers and other elements of the denim supply chain came together to present their Autumn/Winter 2018-2019 collections and innovations. Anchoring each of these themes was a heightened awareness for sustainability as mills debuted new efforts to save water, reduce chemicals and increase the use of sustainable fibres like Tencel, BCI cotton, recycled polyester and other post-consumer fibres." The push and pull between rigid and stretch... Read more

Vietnam’s cotton demand sees an upsurge for 6th consecutive year

"Vietnam’s demand for raw cotton has seen an upsurge for six consecutive years, with August-to-January (Marketing YTD) imports at their highest levels ever. This is a positive sign for US cotton exports, as American cotton has made up about 40 per cent of Vietnam’s cotton imports over the last three years. US exports of cotton have made up about 50 per cent of Vietnam’s imports to date, suggesting even greater market share than in the past." Vietnam’s demand for raw cotton has seen an upsurge for six consecutive years, with August-to-January (Marketing YTD) imports at their highest levels ever. This is a posit... Read more

With good growth Indian denim sector faces tough competition

"The evergreen fashion icon of all seasons, denim has sustained itself in the ever expanding apparel segment. Riding on innovative experimentation with fits, colours and styles, denim has been a consumers’ delight. And R S Singh, Business Head, Blue Blends India points out the Indian denim industry will grow continuously in the years to come. “This is supported by the fact that denim is best suited for the Indian climate. There are other fabrics like polyester, viscose etc but denim is the best in the cotton segment for fashion,” he opine." The evergreen fashion icon of all seasons, denim has sustained itself in the... Read more

Luxury brands turn focus on entry-level products

"The global fashion industry is up for good times in 2017 amid signs of a rebound in consumer markets in Mainland China and Hong Kong. In recent past, global giants such as Prada, Burberry and Richemont had tough times operating out of Mainland Chinese as consumers scaled back spending on luxury goods amid Beijing’s anti-corruption campaign and cooling economic growth. For some luxury brands, year 2016 was one of the most difficult as fluctuating currencies, a wave of terrorist attacks across Europe and the Brexit shock led to a new era of volatility. " The global fashion industry is up for good times in 2017 amid signs of a re... Read more

It’s denim supremacy at the Intertextile Shanghai Apparel Fabrics

"As the global textile industry’s most comprehensive sourcing summit for spring/summer season, Intertextile Shanghai Apparel Fabrics is the ideal place to find latest developments in product innovation and sustainability. This is especially true in the fair’s Beyond Denim zone, which this edition will feature over 110 exhibitors from China, Japan, Pakistan, Turkey and elsewhere." As the global textile industry’s most comprehensive sourcing summit for spring/summer season, Intertextile Shanghai Apparel Fabrics is the ideal place to find latest developments in product innovation and sustainability. This is especially ... Read more

India to see a stronger cotton production year in 2017-18, says USDA

"Cotton production has witnessed surge in all major countries, including the US and India, resulting in the highest production outside China in six years. As a result, stocks outside of China will rise to a near-record share of use, the United States department of agriculture (USDA) said in its first detailed forecast for the 2017-18 marketing year. USDA says, 2017-18 would be the second year of production growth (nearly 7 per cent), alongside the strongest consumption growth since 2012-13 (over 2 per cent)." Cotton production has witnessed surge in all major countries, including the US and India, resulting in the highest production ... Read more

ARCI develops nanomaterials that offer radical properties to fabrics

"The International Advanced Research Center for Powder Metallurgy and New Materials (ARCI) in Hyderabad has recently developed and commercialised nanomaterials that give fabrics special properties. Two of its most popular innovations are nano-silver suspension and nano-titanium dioxide material. The nano-silver suspension, called N9, is being widely used by the textile industry to produce antibacterial fabrics for hospitals, innerwear, sportswear, socks, baby care products and other such use." The International Advanced Research Center for Powder Metallurgy and New Materials (ARCI) in Hyderabad has recently developed and commercialis... Read more

Intertextile Shanghai Apparel Fabrics releases Spring/Summer 2018 trends

"Next month will see the global industry converge in Shanghai to source the latest apparel fabrics and accessories from some 3,000 exhibitors coming from 24 countries and regions at Intertextile Shanghai Apparel Fabrics – Spring Edition. The three day fair scheduled from March 15-17 will be a melting point for stakeholders. There will be much more than sourcing at the fair though, with both international and domestic trend forums revealing the Spring/Summer 2018 trends." Next month will see the global industry converge in Shanghai to source the latest apparel fabrics and accessories from some 3,000 exhibitors coming from 24 cou... Read more

China’s emerging a strong market for global sportswear brands

"China is the perfect country for the world’s big sportswear brands with just the right mix of ingredients to fuel businesses in future. For athletic wear companies including Nike, Adidas, New Balance, and Under Armour, as well as activewear brands such as Lululemon, China offers the perfect market with its 415 million millennials; a booming middle class getting interested in health and fitness; government investment in sports; and a rapidly growing consumer appetite for sportswear—especially foreign brands." China is the perfect country for the world’s big sportswear brands with just the right mix of ingredients to... Read more

Fashion Summit discusses innovative technology initiatives

Hong Kong Research Institute of Textiles and Apparel (HKRITA) organized its annual innovation and technology symposium at the Hong Kong Convention and Exhibition Centre on September 7 and 8. The two-day symposium attracted over 600 industry partners, research experts, and association representatives. Industry players are now focusing on the sustainability of their products. Representatives of international fashion enterprises, distinguished research institutes and sustainable communities were invited to explore innovations to make a difference to the textile and fashion industry as well as to society. The keynote sessions focused on sustainable strategies by innovation... Read more

Fibre testing system to augment sustainability check

"Textile sustainability has been gaining traction lately and putting a lot of pressure on fashion companies to take sustainable route. While some go by standards organisations like GOTS or ISO, to learn more about the supply chains of their favourite brands, we still don’t have scientific evidence to show exactly where a garment has come from. If a technology was developed to do this, it would quickly impact the level of sustainability within the fashion industry, and would quickly percolate among other industries as well." Textile sustainability has been gaining traction lately and putting a lot of pressure on fashion companie... Read more

October edition of Yarn Expo lived up to industry expectations

"The recent Yarn Expo in Shanghai offered three days of uninterrupted trendsetting sourcing platform for textile, yarns, and fibre companies across the globe. The yarn and fibre sector’s leading global event has been lauded as an effective sourcing platform. This year, the exhibition space expanded by 115 per cent, accommodating 494 exhibitors from 13 countries and regions. The three-day show from October 11 to 13, attracted 17,185 trade visitors from 83 countries and regions." The recent Yarn Expo in Shanghai offered three days of uninterrupted trendsetting sourcing platform for textile, yarns, and fibre companies across the g... Read more

Universities charge Nike with abuses

Nike factories that produce University of Washington apparel will be investigated by Workers’ Rights Consortium (WRC). This is a labor rights watchdog group that intervenes and mediates when laborers are being deprived of their rights as workers. The contract is the first of its kind in the US. College-branded athletic wear is big business for Nike. University-logo apparel is a $4 billion market for the company. If significant labor violations are found in a Nike factory where UW-branded apparel is being made, the company must withdraw its orders. Nike’s involvement with the University of Washington has been under increased WRC scrutiny after a series o... Read more

Man-made fibres giving stiff competition to natural fibres

"In the Age of Sail, all lines and sails on ships were made of natural fibres, mostly hemp and sisal for ropes, and linen for sails, and millions of tonne of each fibre were produced each year. Today, with the exception of museums, all ships’ lines and sails are made of nylon, polypropylene or polyester, and world production of natural fibres used in lines and sails has reduced to just a few hundred thousand tonne. Prior to the advent of ‘fast fashion’ and ‘casual Fridays,’ wool was a major apparel fibre. In the 1960s, wool accounted for 10 per cent of world apparel fibre use. Today, wool accounts for 1 per cent of world fibre use." ... Read more

Indian cotton yarn exporters hoping for demand revival

"Indian exporters are hoping for a revival in cotton yarn exports as Chinese cotton auction started at a 25 per cent premium over the prevailing fibre rate in India. Despite robust demand from Bangladesh, overall cotton yarn exports remained under pressure during the current financial year due to sluggish demand from China. For the April–December 2016, India’s cotton yarn exports slumped by 12 per cent to 872.19 million kg from 987.21 million kg in the corresponding period last year." Indian exporters are hoping for a revival in cotton yarn exports as Chinese cotton auction started at a 25 per cent premium over the prevai... Read more

Wool finds its place in activewear

"At the world’s largest activewear trade show, ISPO, in Munich which saw more than 85,000 visitors, and Outdoor Retailer in Salt Lake City, wool grabbed attention of all those on the lookout for latest fabrics that use a performance fibre produced in a natural environment from a renewable source. Merino wool’s natural benefits teamed with technical innovations are driving demand for the fibre in activewear market." At the world’s largest activewear trade show, ISPO, in Munich which saw more than 85,000 visitors, and Outdoor Retailer in Salt Lake City, wool grabbed attention of all those on the lookout for latest fab... Read more

China’s high demand for cotton sparks rally

Marking the best rally of cotton in six months, Chinese buyers have, this year, committed to purchase almost five times more American cotton than at this time last year, the US government has said in a report. With the pledge, the price of the commodity is heading for its biggest monthly advance since July last year. Hedge funds are positioned for more gains, holding the second-most bullish wager ever. American growers are expected to ship the most cotton since 2013, data from the USDA reveal. Sales growth is being driven by purchases in Indonesia and Vietnam as well. While rising demand has sparked two straight years of rallies, futures in New York are still trading abo... Read more

Textile mills looking to recover some gains in Q4 FY2016-17

"All hopes rest on the fourth quarter of fiscal year 2016-17 for the textile mills to tide over tough times. The Textile Ministry's initiative to allow mills to pay only 10 per cent of procurement money has come as a breather. They feel, the move could ease production cost in the last quarter of the fiscal. Moreover, the industry is looking to orders for summer season 2017 to boost fourth quarter results." All hopes rest on the fourth quarter of fiscal year 2016-17 for the textile mills to tide over tough times. The Textile Ministry's initiative to allow mills to pay only 10 per cent of procurement money has come as a breather. They ... Read more

Despite policy initiatives, Pakistani textile industry facing tough times

"Almost half of the 46 textile factories at the Khurrianwala industrial estate outside Faisalabad have gone out of business over the last several years —owing mostly to severe energy shortages in Punjab, suggest media reports. Others are operating at far below full capacity. There needs to be a paradigm shift in government policies to bring about transformation, say experts. Khurram Mukhtar, Owner of Sadaqat, was able to survive energy shortages by investing in expensive, alternate sources." Almost half of the 46 textile factories at the Khurrianwala industrial estate outside Faisalabad have gone out of business over the last s... Read more

Indian home textile gets in the global limelight

"Terry towels coming from the Indian factories accounted for almost 21 per cent of the world market. With another 19 per cent share in the bed linen market, India stands as a quality supplier to the US. Indian products are more focused towards innovation and quality. Visible efforts in quality improvement, innovations through R&D programs, and other value-added features bring a whole new dimension to the Indian products. In turn this resulted in higher profit as compared to other regional producers." Terry towels coming from the Indian factories accounted for almost 21 per cent of the world market. With another 19 per cent share ... Read more

High-End Russian fashion segment skyrockets

Fashion segment for high-end Russian products have skyrocketed despite the fact that the mid-market sector has been stagnating. There is an ever expanding chasm between normal Russian consumer and the super-rich which has seen approximately 70 per cent of Russians dramatically reducing their garment and footwear spending since 2016, with 12 per cent said to have abandoned the thought of buying new clothes in the near future. This is reflected in the fact that there has been no major shopping mall which has opened in Moscow or St Petersburg during the above mention period, while footfall in existing malls have dropped; besides about half of all Russian fashion retailers ha... Read more

Policy Affect: US’ retaliatory tariff on viscose affects domestic manufacturers

"Obama administration last year had imposed retaliatory tariff on textiles against the trade war over Europe. These were viscose rayon staple fibres as well as Modal fibres, not carded, combed or processed for spinning, and single yarns containing 85 per cent or more by weight of artificial staple fibres coming from Europe. The proposed 100 per cent retaliatory tariffs have left US textile makers worried that new measures could increase their raw material costs and push up the price of fabrics made from rayon and Modal. Lyocell fibre, also known as Tencel, is not included under the proposed tariffs." Obama administration last year ha... Read more

Fashion Futurum : Discussing the destruction of fashion industry stereotypes

"Mercedes-Benz Fashion Week was held in Russia, March 17 to 17, 2017. More than 30 global fashion industry experts from nine countries gathered to discuss modern trends and the current challenges the industry is facing. The main topic of the conference was the destruction of fashion industry stereotypes, its transformation under the influence of the scientific and technological revolution." Mercedes-Benz Fashion Week was held in Russia, March 17 to 17, 2017. More than 30 global fashion industry experts from nine countries gathered to discuss modern trends and the current challenges the industry is facing. The main topic of the c... Read more

US lingerie market set to witness an upsurge in coming years

"US men’s underwear and women’s lingerie market will witness significant growth over 2015 to 2021, owing to increased proliferation of modern retail formats such as supermarkets, discount stores, and pharmacy stores; rising personal income of US households; rising fashion consciousness, change in lifestyle, and rising awareness regarding health & fitness and personal hygiene among men and women in the country, says a report by Persistence Market Research." US men’s underwear and women’s lingerie market will witness significant growth over 2015 to 2021, owing to increased proliferation of modern retail form... Read more

WEF ASEAN forum focuses on inclusive growth to drive change

Discussing issues such as ‘youth, technology & growth’, the World Economic Forum ASEAN forum, attracted global leaders. At the WEF ASEAN forum held in the Cambodian capital of Phnom Penh from May 10-12, discussions focused on obstacles that will have to be overcome should the region see true, equitable growth. Infrastructure, governance and open dialogue were key components of the talks but with a widening wealth gap, and a burgeoning Fourth Industrial Revolution that threatens to leave even more of the region’s vulnerable population behind, ASEAN has its work cut out. China has long been, in the words of Cambodian Prime Minist... Read more

Fast fashion is about quick copying

The Spanish brand Zara has a huge reputation for fast fashion but apparently it also has a reputation for stealing designs. One of its victims is German apparel brand Acronym. Zara has begun incorporating a functional strap into the insides of its some of its coats, which is similar to Acronym’s double-strap backpack-style version. The cross body jacket styling grabbed the attention of millions when rapper Kanye West wore an Acronym jacket on stage during a concert. In fact Acronym has been ripped off by a lot of designers and brands. But the level of quality and of technical capabilities associated with Acronym's garments - the majority of which include... Read more

Bangladesh is top denim exporter to EU

Bangladesh has overtaken China to become the largest denim supplier to the European Union. The country has also become the third largest denim supplier -- after China and Mexico -- to the US. This was possible because of the millions of dollars that local denim fabrics makers have invested to set up state-of-the-art facilities in their plants. Currently Bangladesh has 30 denim mills for which investment to the tune of a billion dollars has been made. The collective production capacity of the mills is 435 million yards a year. Bangladesh could win in the European denim segment not only for competitive prices but also for the quality of its products, shorter lead times an... Read more

Interfiliere Paris brings the focus back on lingerie from athileisure

"For quite a long time, athleisure has become the mainstay of many lingerie companies. But that scenario seemed a bit diverted at the recently ended Interfiliere exhibition in Paris when companies were back with what they do best – delivering fantastic lingerie fabrics in knits and lace for second-skin applications. The show highlighted the latest lingerie fabrics and trims for Spring/Summer 2018." For quite a long time, athleisure has become the mainstay of many lingerie companies. But that scenario seemed a bit diverted at the recently ended Interfiliere exhibition in Paris when companies were back with what they do best &nda... Read more

Global yarn production witnessed an upsurge in Q3-2016

"Q3-2016 saw a rise in global yarn production on a quarter-on- quarter basis. Thereby, output in Asia and South America rose. However, in Europe and the US, yarn production fell. On an annual basis, global yarn production in Q3-2016 increased versus Q3-2015. Global yarn stocks climbed in Q3-2016. Yarn stocks reduced in South America while in Asia, they increased. However, year-on-year, global yarn stocks declined. Yarn orders in Europe and in South America fell quarter-on-quarter. Compared to the same quarter a year ago, yarn orders increased in South America and fell in Europe." Q3-2016 saw a rise in global yarn production on a quar... Read more

Local mills, a force to reckon with for Bangladesh textile industry

"The second largest garment exporter in the world, Bangladesh’s RMG export was $28.668 billion in 2016. Looking at its potential, the government has set a goal of reaching $50 billion in exports by 2021. Considering the current consumption, approx three billion metre of woven fabric is required for export per year. Local mills are capable of producing only around 45 million metres of fabric, which is around 14-15 per cent of the demand. The country is spending almost $4 billion to import fabric every year." The second largest garment exporter in the world, Bangladesh’s RMG export was $28.668 billion in 2016. Looking at it... Read more

India probes polyester yarn dumping by China

India has started a probe into Chinese dumping of polyester yarn following complaints from SRF and Reliance. These yarns are used for manufacturing tyre cord fabrics, seat belt webbing, slings, ropes, coated fabrics and conveyor belt fabrics. If it is established that dumping has caused material injury to domestic players, an anti- dumping duty may be imposed. Dumping affects gross margins. Anti-dumping duties are levied to provide a level playing field to local industry by guarding against cheap, below-cost imports. The investigation will cover the period from April 2016 to March this year. Growing imports and dumping of goods from China have always been an area of con... Read more

Prime Source Forum: Gauging global business dynamics in the wake of TPP, Brexit

"Indeed with a global supply chain, international talent pool, dependence on new wealth creation, upward socio-economic mobility et al, fashion has benefitted greatly from globalization. But with a new political order it stands to suffer with new curbs on free movement of people, products, and uncertainty at a time when many consumers are already feeling less secure, feels Alexander Betts, Leopold Muller Professor of Refugee & Forced Migration Studies, Oxford University." Indeed with a global supply chain, international talent pool, dependence on new wealth creation, upward socio-economic mobility et al, fashion has benefitted gr... Read more

LATEST TOP NEWS

MOST POPULAR NEWS