The third quarter revenues of PVH Corp, a US-based global apparel companies have declined by 18 per cent to $2.11 billion compared to the revenue of $2.43 billion in the same period last fiscal. The company’s net income for the quarter rose to $69.5 million compared to net loss of $1.07 billion in Q3 FY19.

Total gross profit during Q3 was $1.10 billion while selling, general and administrative expenses were $ 987.2 million.

Sales for Tommy Hilfiger decreased by 12 per cent to $1.08 billion; Calvin Klein sales dropped by 18 per cent to $790.0 million while Heritage Brands by slipped 36 per cent to $238.3 million during the three-month period.

The company aims to focus improving its e-commerce and product offerings, and driving cost efficiencies across the company.

The third quarter revenues of PVH Corp, a US-based global apparel companies have declined by 18 per cent to $2.11 billion compared to the revenue of $2.43 billion in the same period last fiscal. The company’s net income for the quarter rose to $69.5 million compared to net loss of $1.07 billion in Q3 FY19.

Total gross profit during Q3 was $1.10 billion while selling, general and administrative expenses were $ 987.2 million.

Sales for Tommy Hilfiger decreased by 12 per cent to $1.08 billion; Calvin Klein sales dropped by 18 per cent to $790.0 million while Heritage Brands by slipped 36 per cent to $238.3 million during the three-month period.

The company aims to focus improving its e-commerce and product offerings, and driving cost efficiencies across the company.

Cifra has introduced the patented Warp Knit Seamless technology to its beachwear. The technology plays on positive and negative spaces and patterns to enhance the figure with a variety of designs. Beachwear made using this technology is seamless, snug, quick-drying and is run-proof thus adding technology to fashion style.

The beachwear concept is an ode to sustainability and products knitted both in premium polyamide 6.6 and in pre and post-consumer recycled yarns such as Radici Group’s Renycle, a polyamide 6 obtained from production waste, or else Aquafil’sEconyl, made from plastics recovered from the oceans that had been recycled.

Both are combined with an elastomer which is also recycled, in the aim of a full sustainability. From the sea and in support of the sea, with a strong emphasis on design and responsible innovation.

The Textile Exchange Corporate Fiber and Materials Benchmark (CFMB) Program is launching the Biodiversity Benchmark, in partnership with The Biodiversity Consultancy and Conservation International and supported by Sappi. As per a Green Biz report, the Benchmark will enable companies to understand their impacts and dependencies on nature in their materials sourcing strategies, chart a pathway to delivering positive biodiversity outcomes, and benchmark their progress.

The benchmark aims to integrate biodiversity into existing materials and sourcing strategies, rather than approach biodiversity as a new or disconnected topic. The inclusion of biodiversity is part of Textile Exchange's Climate+ strategy, which focuses on urgent climate action and recognizes that soil health, water and biodiversity will play a key role in this transition.

The company has designed the Biodiversity Benchmark Companion Guide to catalyze companies to think about their fiber and material choices in relation to their dependencies, risks, opportunities and impacts through a biodiversity lens.

The upcoming Frankfurt Fashion Week will focus on applying the Sustainable Development Goals to the global textile and apparel industry, says a Textile Network report.

The main sponsors of the event will be Messe Frankfurt and the Premium Group. It will be held from July 05-09, 2021 in collaboration of Conscious Fashion Campaign (CFC) and United Nations Office for Partnerships (UNOP). It will position itself as the host of the future of fashion and actively driving forward the transformation towards a future-oriented, more sustainable fashion and textile industry.

The event will align all exhibitors, participants and partners with the Sustainable Development Goals by 2023. The goals will also be incorporated into all formats of Frankfurt Fashion Week. This will make the goals visible and tangible for audience, therefore bringing its claim, goals and specific proposals for implementation to an international opinion-forming fashion and lifestyle community.

According to the China customs, in Oct 2020, China's uncombed polyester staple fiber exports decreased by 9.4 per cent year-on-year and 3.9 per centa month-on-month to 74,300 tons.

As per CCF Group, the country’s exports have increased in July, August and September for three consecutive months, and in October, the exports also maintained above 70kt. Currently, the delivery of foreign orders is drawing to a close. In Hangzhou, export offers of siliconized HC re-PSF are at $920-930/mt recently, FOB. However, affected by volatile exchange rate, some previous orders that are concluded see deficits, especially in Guangdong market. Product inventory in plants is relatively low, so some plants control the foreign orders.

In addition, the medium-grade re-PSF from Southeast Asia is offered at 5,000yuan/mt, after-tax ex-works, and its quality is close to that from Jiangyin and Wujiang district. The color is little white, and strength is ordinary.　In Jiangsu, 3D siliconized HC virgin PSF from Southeast Asia is sold at 6,300yuan/mt, after-tax.

HS code 55032000 is synthetic staple fibers, of polyesters, not carded, including virgin PSF and recycled PSF.And the imports from Southeast Asia and African are mainly the recycled PSF.　The following are the changes in recent years.

As per Sportswear International, the 32nd edition of Milano Unica, the international textile trade show scheduled for February 2021, will take place only as a digital event. Its next physical edition is planned for July 2021.

The decision was recently taken by its board of directors in light of the present evolution and to support the value chain’s entrepreneurs internationally in this delicate moment and favor new business modes for those who have difficulties traveling.

After its launch during the 31st edition in September 2020, the new edition of e-Milano Unica Connect, the marketplace of apparel textile and accessories, will be online from January 2021 presenting the s/s 2022 collections.

Milano Unica is now busy building new digital opportunities to increase prospects for international business and relationships offered by the physical trade show. This important challenge will make the organizer meet each other more solid and structured, and welcome visitors to its next July edition presenting the F/W 2022-23 collections, added Massimo Mosiello, GeneralManager, Milano Unica.

As per survey firm Report Linker, the global market for children’s wear is estimated to reach a revised size of $325.9 billion by 2027. It is likely to grow at a CAGR of 3.7 per cent over the analysis period 2020-2027.Girls wear is projected to record a 3.8 per ent CAGR and reach $132.3 billion by the end of the analysis period. The boys wear segment is poised to grow at 2.8 per cent CAGR for the next seven-year period.

The US market for children wear is estimated to reach $68 Billion in 2020. China’s market is forecasted to touch $68.8 billion by 2027 at a CAGR of 6.7 per cent over the analysis period 2020 to 2027. Among the other noteworthy markets Japan and Canada, are forecast to grow at 1.1 per cent and 2.8 per cent respectively. Within Europe, Germany is forecasted to grow at approximately 1.9 per cent CAGR.

Global market for infant & toddler wear is expected to be dominated by the US, Canada, Japan, China and Europe, which will together grow at 4.1 per cent CAGR. These regional markets will reach a projected size of $68 billion by 2027. China will remain the fastest-growing in this cluster of regional markets. Led by Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach $46 billion by the year 2027, while Latin America will expand at a 5.6 per cent CAGR through the analysis period.

The Cotton 2040 coalition aims to include the US Cotton Trust Protocol in Cotton 2040’s CottonUP guide which helps sourcing directors make sustainable decisions. As per a Textile Focus report, the CottonUP guide seeks to address one of the main barriers for companies looking to start sourcing or increase the amount of sustainable cotton. The time and resource required to research and implement the most appropriate sourcing approach for their organisation’s sustainability priorities. The guide highlights the business case and main sourcing options for sustainable cotton, provides guidance on creating a sourcing strategy and on working with suppliers, and shares case studies from companies that have already navigated the complex challenges of sourcing more sustainable cotton.

The guide recognizes the US Cotton Trust Protocol as a sustainable cotton standard alongside BCI, CmiA, Fairtrade, myBMP, Organic and recycled cotton. It helps stakeholders within the cotton sector to navigate the complexity, and better understand the major sustainable cotton standards they could adopt, how they work, and select the best options for their business.

To mark the completion of one year of Fashion Pact, fast fashion brand Mango aims to focus on protecting the industry against climate change and also protecting the oceans. Mango had signed the United Nations Fashion Industry Charter in October. The charter lays down 16 principles to reduce industry’s impact on climate change. These principles aim to reduce greenhouse gases in the industry by 30 per cent by 2030. For this, Mango is conducting a detailed study of its carbon footprint, which will allow it to establish certain Science-Based Targets (SBTs) throughout 2021 and draft the corresponding plan to reduce its emissions.

Mango also aims to increase the proportion of sustainable fibers in its collections. The brand aims to use 100 per cent sustainable cotton in its garments by 2025. The company also plans to increase the use of recycled polyester to 50 per cent and that of cellulose fibers to 100 per cent by 2030.

To protect its Oceans, Mango has recently initiated a project to replace the plastic bags in its packaging with paper bags. The project involves eliminating approximately 160 million plastic bags per year.