Cheap Chinese imports hit Zimbabwe textile industry
Zimbabwe is being flooded with cheap imports, mainly from China. Imports of low-priced Chinese goods have had a negative impact on the viability and growth of local clothing industry in…
KPR Mill, the Tirupur knitwear company on growth mode
Export performance of the Tirupur knitwear industry shows that it has grown considerably in recent times. It grew by 15.5 per cent in the fiscal year 2014-15 touching Rs 21,000…
Bangladesh's RMG exports to US up 2.85 per cent
The US is the second major destination of Bangladeshi garment products after the EU. Bangladesh’s earnings from export of readymade garments to the US were up 2.85 per cent in…
Indian cotton exports fall
Falling demand from China for cotton and cotton yarn has hit Indian exports as there has been a 20 per cent decline in cotton prices in financial year ’15. China’s…
Vietnam's textile and apparel exports to US up 14.1 per cent
Last year China’s textiles and apparel exports to the US rose by 1.6 per cent. However, Vietnam’s exports to the US grew by 14.1 per cent. The country was responsible…
Cotton stocks pile up in India
The surplus yield of cotton in states like Maharashtra, Madhya Pradesh, Andhra Pradesh and Gujarat has already led to a huge pile up in many godowns across the country. The…
India's spun yarn export earnings drop
India's spun yarn export earnings continued to decline for the 13th consecutive month in May 2015 while volume shipment growth remained positive. In May 2015, spun yarn exports were up…
Pakistan misses cotton target
Pakistan has missed its cotton sowing target by about 10 per cent. Due to unprecedented rains during the early cotton sowing season, and low cotton price, wheat harvest was prolonged,…
Pakistan ginners want withholding tax scrapped
Pakistan's cotton ginners have asked the government to immediately withdraw the 0.6 per cent withholding tax (WHT) on all banking transactions for non-filers as it would discourage banking transactions, promote…
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US retail bankruptcies reach a record high
As the pandemic stretches on, retail bankruptcies have reached an all time high in a decade. COVID-19 is bleeding the... Read more
Fashion industry seeks a plastic free future
Global response to ‘ban plastic’ call has been quite encouraging with people discarding most of their plastic bottles and bags.... Read more
Retailers in US, Europe face uncertain future with second round of store closure…
A resurgence of the pandemic in the US, Australia and some European countries has led to governments tapering off support... Read more
World textiles, apparel exports fell in 2019, India remained among top exporter:…
Global economic slowdown and US-China trade war caused the world merchandise trade to fall for the first time in 2019... Read more
Efficient returns management helps retailers improve their eco-footprint
COVID-19 has made the returns process much more easier and eco-friendly than earlier, says Charlotte Monk-Chipman, Marketing Director, ReBound, which... Read more
A blow to Asia as companies diversify supply chains post COVID-19
Disruptions caused by COVID-19 is inducing 57 per cent textile and apparel organizations to diversify their sourcing away from Asian... Read more
Diversification is key to future success of Lithuanian textile and clothing sect…
In April’20, the Lithuanian Association of Clothing and Textile Companies (LATIA) predicted one third of its clothing and textile companies... Read more
Rise of new Chinese domestic luxury shopper
As the pandemic has incapacitated Chinese high-end shoppers, luxury players like Balenciaga and Montblanc are rethinking their strategies to reach... Read more
Rebuilding trust between brands and retailers essential for future business
COVID-19 is drastically altering relations between brands and retailers. With fear of bankruptcies and subsequent non-payment looming over them, factories... Read more
Deep-pocketed investors to shape the future of fashion market
COVID-19 forced investors across the world to go into ‘life-raft’ mode and shore up their businesses. However now, investors are... Read more