ITMF annual conference returns as in-person event after three years in…
ITMF will hold the physical edition of its annual conference after a gap of three years from September 18-20, 2022 in Davos, Switzerland. The event will be hosted by Swiss Textiles and Swiss Textile Machinery. The theme will be: Climate Change and a Sustainable Global Textile Value Chain. It will focus ... Read more
Global luxury fashion prices on four-year high in 2022: Study
Luxury has just become more expensive, says a new report by Edited. Prices of luxury fashion products have surged 7 per cent above 2020 and 25 per cent above 2019, the report analyzes. They are currently at a four-year low though there’s less than 1 per cent year-on-year difference from last year. ... Read more
Economic sanctions on Russia hurt Italy’s fashion sector
The economic sanctions on Russia following its war with Ukraine are making business difficult for many fashion brands in Italy -- the fashion capital of the world. They are especially hurting clothing and shoe manufacturers, as Italy is the largest global producer of these goods. The country exports... Read more
Rapid shift from informal to formal makes apparel demand unpredictable
With brands compelled to deal with issues like rising inventory costs and changing customer preferences, the first quarter of the year was a mixed bag for apparel retailers. A report by Modern Retail shows, revenues of retailers including Poshmark, Revolve and TJX Companies increased between 13 and 43 per... Read more
India’s textile dyes market to grow to $8 billion by 2031: IBEF
The latest India Brand Equity Foundation (IBEF) report forecasts, India’s textile dyes market will grow to $8 billion by 2031. Most of the growth will be stimulated by rapidly evolving fashion trends encouraging manufacturers to experiment with new color combinations and designs. The market wi... Read more
Turkiye’s textiles and raw materials exports sees over 12% risefrom Ja…
Turkiye’s textiles and raw materials exports increased 12.4 per cent to $4.6 billion during January-April 2022 compared to the same period of previous year. As per a Textile Intelligence report, exports of textiles and raw materials surged 13.7 per cent to $1.2 billion in April 2022 compared t... Read more
Levi Struass& Co aims to rule the fashion market with new growth s…
Not satisfied with being known as one of the world’s most popular jeans brand, Levi Strauss & Co, aims to grow into an international conglomerate with a wide portfolio of brands and multiple stores with a strong presence in categories beyond denim,including tops and womenswear. The... Read more
Brands face a lose-lose situation China’s Xinjiang cotton issue
Brands face a tough situation while taking a stand on the Xinjiang issue. If they decide to continue sourcing from the region, they face ban and other legal actions from the West and if they leave, they have to deal with large commercial losses. Either way it’s a catch 22 situation for them. Brands... Read more
Rising cotton prices threaten garment makers in Asia
One of the region’s top employers, Asian garment makers are h facing mounting losses for some time with some small units even suspending operations, rendering thousands of workers jobless. Yet to recover from the sharp rise in freight and fuel prices, garment makers in Asia have been further hit by ... Read more
Inflation, COVID-induced uncertainty slowed Bangladesh garment exports…
Reliant on garment exports for its forex reserves, Bangladesh reported a drop in export in May 2022 as demand from Western economies stagnated due to growing inflation, Russia-Ukraine war and supply chain bottlenecks. Latest Export Promotion Bureau (EPB) stats show, though Bangladesh’s merchan... Read more
Nearshoring benefits manufacturers as demand for Made in USA products …
As COVID-induced lockdowns in China snap the links of global suppliers, US manufactures are benefitting from growing ‘Made in USA’ sentiment among consumers. Established in 1992, New Jersey-based Unionwear saw a rapid surge in business this year. With 100 per cent local supply chain, the... Read more
US passes new law to prevent imports made with forced labor
From June 21, the US government has passed a new law to prevent import of g... Read more
Cambodia’s garment industry to grow 8.1% in 2023
The Cambodian garment industry is expected to grow by 8.1 per cent in 2023 with... Read more
UP government plans textile and apparel parks in the state
The Uttar Pradesh government plans to attract more investments by building new ... Read more
67th IIGF to feature 1,189 buyers from 59 countries
The upcoming 67th India International Garment Fair (IIGF) will feature around 1... Read more
The View Premium Selection ends on a successful note
View Premium Selection, the Preview Textile Show of Munich Fabric Start Exhibit... Read more
C&S consolidates with Texo acquisition
C&S, a manufacturer of Italian fashion garments has consolidated its positi... Read more
Consumer behavior will remain unpredictable in future, say experts
Top industry executives at a recent Dublin conference said, they expect consume... Read more
Infinited Fiber Company to set up regenerated textile fiber factory at Lapl…
The Finnish fashion and textile technology company Infinited Fiber Company plan... Read more
West Bengal to boost garment industry with an apparel hub in Maheshtala
The West Bengal government plans to boost the state’s garment industry by... Read more
Ensure sustainable cotton sourcing, urge Vietnam’s garment producers
Apparel manufacturers need to ensure they source cotton through sustainable sup... Read more
Infinited Fiber Company to set up regenerated textile fiber factory at Lapl…
The Finnish fashion and textile technology company Infinited Fiber Company plan... Read more
West Bengal to boost garment industry with an apparel hub in Maheshtala
The West Bengal government plans to boost the state’s garment industry by... Read more
Ensure sustainable cotton sourcing, urge Vietnam’s garment producers
Apparel manufacturers need to ensure they source cotton through sustainable sup... Read more
Pakistan, Malaysia to benefit from bilateral trade: Chairman, PHMA
Pakistan and Malaysia can both benefit from the bilateral trade between the two... Read more
Mud Jeans launches Tuesday jeans range
Denim manufacturer, Mud Jeans has launched Tuesday jeans made from 100 per cent... Read more
Luxe sales in FY22 Q1 sales to grow by 17%: Bain & Co
Global luxury sales in the first quarter of this year are expected to grow by 1... Read more