The annual sales of US lingerie giant Victoria’s Secret grew by 25 per cent in 2021. As per a Fashion Network report, the company recorded net sales of $6.785 billion during the year compared to $5.413 billion in 2020.

The company’s net income grew to $646.4 million compared to a net loss of $72.3 million in the previous year

In the fourth quarter, Victoria's Secret sales totalled $2.175 billion, an increase of 4 per cent over the corresponding quarter last year. Quarterly net income, however, fell to $246.1 million, or diluted earnings per share of $2.70, compared to net income of $282.4 million, or earnings per share of $3.20. Despite the earnings dip, the company said it was "pleased" with the fourth quarter result, "in a challenging retail environment."

Coinciding with the earnings update, Victoria's Secret announced the approval a new share repurchase program, providing for the repurchase of up to $250 million of the company’s common stock. The $250 million authorization is expected to be utilized to repurchase shares in the open market, subject to market conditions and other factors, the company added.

The Society of Dyers and Colorists (SDC) has urged the textile coloration industry to reduce environmental impact in 2022 and beyond. SDC has published a free white paper, ‘Destination low carbon: Global technology and innovation reducing the environmental footprint of textile coloration’.

The white paper aims to inspire the wider sector.to minimize use of water, energy, and petrochemicals, SDC said in a press release.The study includes a total of six case studies from the UK, Switzerland, Sweden, and Germany explain methods developed and established over recent years as well as brand-new innovation including the use of local agricultural waste to create clean dyes, and micro-organisms to synthesise colours of nature – negating the need for petrochemicals.

The SDC is increasingly taking a global lead on the encouragement and promotion of environmental good practice – as well as providing the educational background that makes it possible – in line with members’ interests and concerns in this area.

The SDC is calling on its network and the wider dyeing and coloration industry to use the white paper to help devise and deliver carbon lowering improvements across operations.

UK Fashion & Textile Association (UKFT) will organize a webinar on ‘Reshoring fashion production to the UK’ on April 6. The webinar will discuss topics such as reshoring, CMT vs fully factored production, UK manufacturing capabilities and services, internal organisation, cost implications, lead times and import and export. It will also discuss the implications with this, the considerations for business models and where lie the benefits and drawbacks.

Elliot Barlow, Manufacturing Consultant, UKFT will head the webinar. Barlow has worked in a variety of different production environments and his expertise has been forged from hands-on experience managing high-end clothing factories in London, his own consultancy business producing for multiple brands and designers in the UK and more recently in senior management roles in-house and as a consultant for the UKFT. Barlow has been involved in producing clothing at all levels of quality, volume and design-philosophy and understands the necessary steps required to work effectively with manufacturers.

One of the foremost producers in PV dyed yarn, cotton and OE yarn and also ready to stitch fabric, Sangam India plans to increase the use of recycled fibre, leading to lesser consumption of plastic waste by using it as a raw material. The company also intends to focus on organic cotton to diminish greenhouse gas emissions during the harsh manufacturing processes.

The BSE and NSE listed company is focusing on initiatives like using organic/recycled raw materials, reducing consumption of water, energy and chemicals that pose a huge challenge for the sector at every stage of the value chain.

SIL has already installed twoSolar power plants of 5 MW that on average helps to bring down their carbon footprint by at least 20 per cent annum. The company also successfully runs 3 ETPs (Effluent treatment plant) and 4 STPs (Sewage treatment plant) to reduce industrial water contamination and reclaim the water for favorable purposes.

Pakistan’s textile industry has set a target a increase textile exports to $20 billion in the next few years. Its textile exports rose by 37 per cent to $1.69 billion in February 2022, as against $1.23 billion in February 2021, reveals All Pakistan Textile Mills Association.

The exports of textile commodities surged by 24.73 percent during the first seven months of the current fiscal year (2021-22) as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported.

Sohail Pasha, Chairman, Pakistan Textile Exporters Association (PTEA) says, Pakistan’s textile exports experienced rapid recovery following the elimination of Covid-related restrictions.

Outbound shipments surged faster than those of regional competitors including Bangladesh and India. Textile exports surged by 26 per cent year-on-year to $9.38 billion in the first half of fiscal year 2021-22, he adds.

Spanish fashion retailer Mango is temporarily closing its shops and its online sale website in Russia, while it is monitoring the situation in Ukraine. The retailer has 800 employees and 120 shops in the country, 65 of them are operated by franchisees.

PuntoFa, SL, trading as Mango, is a Spanish clothing design and manufacturing company, founded in Barcelona, Spain by brothers IsakAndic and NahmanAndic. Mango is an internationally famous multinational which designs, manufactures and markets women’s and men’s clothing and accessories.Mango's first website was created in 1995 and in the year 2000, it opened its first online store. H. E. by Mango is a men's line created in 2008, and renamed Mango Man in 2014. Football legend ZinedineZidane has become the new face of the Mango Man campaign.

Violeta by Mango is a brand that announced to launch Mango in 2014, based on a clothing collection that ranges from size 40 to 52. However, it created controversy by considering these sizes "special". Thus, ArantxaCalvera, a citizen from Barcelona, began a collection of signatures to withdraw the campaign

Syed ShahnawasHussain, Industries Minister, Bihar, announced that the state government will soon introduce a new textile policy to promote manufacturing and trade in the sector.

Addressing the annual meeting of Confederation of Indian Industry (CII) in the Bihar, Shahnawazsaid ,the textile sector in Bihar has received industrial investment proposals worth Rs 40,000crore in the last one year and many big industrial units will be launched here in the next two months.

The theme of this year’s CII’s Bihar annual Meeting was ‘Advantage Bihar- Sankalp to Siddhi: Bihar @75’.

Several eminent personalities from CII, healthcare, academia, economics, agricultural and rural development addressed the meeting.

Despite being the sixth largest economy in the world,, India ranks 131 st on the human development index rank, out of 189 countries and territories. There has not been much improvement in he country’s healthcare sector. Hence, the state government has decided to increase the allocation of health sector in state budget from 3 per cent to 6.79 per cent,” adds DrSatyajit Singh, Convener, Health Panel, CII-Bihar.

World's biggest furniture brand, IKEA is closing all its stores and pausing all sourcing in Russia and Belarus, following its invasion of Ukraine.

The Russia-Ukraine war is disrupting supply chains and trading conditions, causing IKEA to temporarily halt operations in Russia, says Brand Owner, Inter IKEA and Store Owner, Ingka Group.

Inter IKEA is in charge of supply while Ingka Group owns most IKEA worldwide, including all 17 in Russia.

Russia was IKEA's 10th-biggest market with retail sales of €1.6 billion($1.8 billion) or 4 per cent total retail sales in the year through last August.. On the other hand Belarus is purely a sourcing market for IKEA.

IKEA is a Swedish -founded, Dutch-headquartered multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, among other goods and home services. Started in Sweden in 1943, IKEA has been the world's largest furniture retailer since 2008.

The group is known for its modernist designs for various types of appliances and furniture, and its interior design work is often associated with an eco-friendly simplicity. In addition, the firm is known for its attention to cost control, operational details, and continuous product development that has allowed IKEA to lower its prices by an average of two to three percent.

The 35-year old textile manufacturer, Aloka Exports has launched a sustainable apparel brand Cloth Haus.

Available across most popular e-commerce platforms, Cloth Hausaims to deliver apparel designed for the Indian sensibility, of superlative quality, and in a reasonable price range. The brand will launch collections resting on digital printing, pleating, burnouts, printing on non-conventional fabrics, woven jacquards, embossing, and styling.

Cloth Haus will house a range of reasonably priced apparel from Kurtis, Kimonos, Ponchos, Kaftans, easy jackets, scarves to other easy wear. In addition to their single-brand outlet at Kemp’s Corner in Mumbai, the brand is currently available across platforms such as Amazon, Ajio, Myntra, Flipkart, Meesho, and Limeroad. The plan is to have a presence in established and emerging metros across the country including Mumbai, New Delhi, Bengaluru, Pune, Hyderabad, Ahmedabad, and Lucknow.

Aloka Exports is a 35-year-old export house that has worked with brands such as H&M, Zara, Marc O Polo, Abercrombie and Fitch, Ann Taylor, J.Jill, Marks and Spencer, Monsoon/Accessorize, Esprit, Benetton, Oliver Bonas, Next among many others. It successfully executed production and export for the 2008 Olympic Scarf branded by Next and adidas.

Alashair Willis has been appointed as the new Chief Creative Officer of sportswear giant Adidas

As per a Fashion Network report, in this role, Willis will be responsible for the creative direction of the global brand and its three major labels – Performance, Originals, and Sportswear – to deliver a unified Adidas brand experience.

Willis has been involved with Adidas since 2005, most notably through his role in the concept and development of Adidas by Stella McCartney in partnership with Stella McCartney. He is responsible for building a strong understanding of the company’s consumers, brand, labels, and categories through his work on a number of projects.

Willis was earlier employed as the creative director of British fashion heritage brand, Hunter. He was responsible for transforming the small single product business into a multi-category global fashion brand, and as co-founder of the trailblazing Wallpaper* Magazine.