India’s textile sales drop 51% in Q1 as COVID-19 mutes demand: Wazir s…
India’s textiles sales dropped 51 per cent from 130.9 to 56.4 per cent in the first quarter of the current financial year, compared to the corresponding quarter of the last fiscal, reveals Wazir Textile Index done by Wazir Advisors. Arvind, Vardhman Textiles, Welspun India, Trident, Raymond, KPR Mill, F... Read more
Denim circularity in focus as brands launch collections from recycled …
Held digitally, the recent Carved in Blue seminar, showcased the industry’s views on low-impact denim and the inclusion of wood-based Tencel branded fibers in new collections. Denims from biodegradable materials Pierette Scavuzzo, Design Director, Cone Denim, opened the discussion highlighting the com... Read more
Zero machine duties and simple tax laws can advance Pakistan’s textile…
A strong pillar supporting the country’s economy, the Pakistan textile sector is experiencing a massive contraction in its global trade value. This year, the country lagged behind Bangladesh, India, China, and Vietnam in textile growth. Factors that stalled growth included an o vervalued rupee and exor... Read more
RCEP to help drive Chinese economy over the next decade
Though Chinese Premier Li Kegiang affirms, the Regional Comprehensive Economic Partnership (RCEP) benefits all signatories, a Chinese Academy of Social Sciences (CASS) report claims, the deal is particularly beneficial to China and would help spur exports by 11.4 per cent. A roadmap for RCEP members CASS re... Read more
Resilience and partnerships to drive fashion industry growth in 2021
As per latest ‘The State of Fashion 2021’ by Business of Fashion (BoF) and McKinsey & Company, with the fashion industry going through its worst year, COVID-19 has catalyzed a global economic downturn. This year, fashion profits are expected to decline by a staggering 90 per cent after a... Read more
Economic turnaround, COVID-19 vaccine to boost US babywear market
A Brookings Institute report says, the pandemic is likely to lead to long lasting baby bust in the US with births declining by 300,000-to-500,000 next year. However, birth rates are expected to normalize again as soon as the economic downturn recedes. Currently, the US is experiencing 66 per cent decline in k... Read more
Collaboration, key to building a successful supply chain in future
Post COVID-19, the idea of a regional supply chain is taking roots amongst fashion brands. Searching for new alternatives for their current faulty operational systems, brands are increasingly shifting to circular supply chain that also considers environmental impact of clothes, says Imran Ahmed, Founder and C... Read more
India: Amazon-Future feud sparks foreign vs local debate
The legal spat between Amazon.com Inc and Reliance Industries over the Reliance-Future deal has invoked a xenophobic fervor amongst watchers by sparking a foreign vs local debate. Amazon has accused the Future Group of violating a contract by agreeing to a sale to the Mukesh Ambani controlled Reliance Industr... Read more
Second COVID-19 wave calls for external regulations to fix supply chai…
The European fashion industry is again being held at ransom by another wave of COVID-19 that is threatening brands with fresh order cancellations Though less frequent than they were in March, cancellations are coming faster as brand partners are choosing to act early, says Hilmond Hui, Vice President, PFGHL-a... Read more
India-US FTA can lay down trade rules for the 21st century
When 15 countries including the 10 ASEAN nations signing the Regional Comprehensive Economic Partnership (RCEP) deal on November 15 this year, India decided against participating as it perceived the deal could block India’s exports and spur imports, mainly from China. The China-backed deal would have ac... Read more
Localization can make India the epicenter of global textile growth
In June this year, home textiles major Welspun India forayed into the health and hygiene vertical by creating antimicrobial towels, sheets and carpets. Besides, antiviral products, masks and other goods, the company also launched several sleepwear products. The company started by manufacturing masks and distr... Read more
Van Heusen, Color Threads launch new masks and athleisure range
India’s leading power dressing brand from Aditya Birla Fashion and Retail... Read more
Leading Bangladesh apparel manufacturers register on ASW Marketplace
Leading Bangladesh apparel companies including Mahmud Group. Laila Group, Intim... Read more
China’s share in personal luxury goods expenditure skyrockets: Jefferies Re…
According to estimates by Jefferies Global Research, China’s share of glo... Read more
China’s Sunvim bags major towel order Tokyo Olympic Games
Chinese textile company Sunvim will export 10 million towels for the upcoming O... Read more
Skechers to open new store in Berlin
US sneaker brand Skechers, which opened a flagship store in Munich, plans to op... Read more
Premium Apparel agrees to buy Ascena Retail’s brands
As per reports, Premium Apparel LLC, an affiliate of New York City-based privat... Read more
India: Textile Ministry plans EPC for Technical Textiles
The Ministry of Textiles plans to set up an Export Promotion Council for Techni... Read more
Vietnam textile and garment exports to decline by 14%
Vietnam’s textile and garment exports are expected to decline by 14 per c... Read more
HKTDC ASW features over 2,600 exhibitors
The online HKTDC Autumn Sourcing Week (ASW) exhibition featured more than 2,600... Read more
Suvim to export 10 million towels for Tokyo Olympic Games
Chinese textile company Suvim will export 10 million towels for the upcoming Ol... Read more
Vietnam textile and garment exports to decline by 14%
Vietnam’s textile and garment exports are expected to decline by 14 per c... Read more
HKTDC ASW features over 2,600 exhibitors
The online HKTDC Autumn Sourcing Week (ASW) exhibition featured more than 2,600... Read more
Suvim to export 10 million towels for Tokyo Olympic Games
Chinese textile company Suvim will export 10 million towels for the upcoming Ol... Read more
John Lewis to halt international expansion plans
As per Apparel Resources, John Lewis, one of the well-known British fashion ret... Read more
Center for Sustainable Business launches new framework
Center for Sustainable Business launched its new apparel sustainability framewo... Read more
Off-white’s face masks emerges as the most searched item on Lyst index
As per Lyst’s “Year in Fashion 2020” review, off-white’... Read more