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Wednesday, 14 December 2022 17:46

Canada apparel imports keep growing

  

Clothing sold in Canada is predominately imported. The country is one of the world’s top ten largest apparel consumption markets and presents a significant opportunity for clothing manufacturers, wholesalers, fashion brands, and retailers around the world.

Canadian apparel and textile importers and retailers are eager to connect with the world’s major apparel and textile manufacturers.The total value of apparel production in Canada continues to decrease while apparel imports continue to increase. China’s apparel shipments to Canada during October 2022 fell 27 percent on a monthly basis and one percent on a yearly basis. On the other hand, Vietnam – the second top shipper to Canada – grew by three percent on a month on month basis and 81 percent on a year on year basisin its apparel exports to the North American country. Bangladesh’s exports of apparel to Canada were up 30 percent on a year on year basis and down one percent month on month. India’s exports of garments to Canada in October 2022 fell ten percent monthly but increased 13 percent yearly. Indian manufacturers have a great opportunity to interact directly with Canadian buyers and fashion and apparel experts.

Wednesday, 14 December 2022 17:42

Crossfit apparel sees growing demand

  

The crossfit apparel market is growing by two per cent a year. The women’s segment leads the crossfit apparel market.

The ongoing health and wellness trend is the primary driver of the demand for crossfit apparel, prompting consumers to spend on this apparel, thereby fueling the overall crossfit apparel market growth. Sales of crossfit apparel are on the surge as consumers focus on healthy regimes, and rising levels of health-consciousness are causing people to be pickier about gym clothes, personal training clothes, and casual work clothes.

Increased participation in sports and adventurous activities such as cycling and trekking is anticipated to propel the crossfit apparel market size to a considerable extent. The market’s growth is also contributed by fitness influencers’ aggressive efforts to promote active wear and attract consumers to the athleisure cult. Rising adoption of functionality-specific apparel and footwear, as well as technological advances, are considered to improve the crossfit apparel market statistics. Some recent developments in the crossfit apparel market include functional clothing, which is made with anti-bacterial materials that can prevent body odour.

Companies are offering sports shoes and socks with specialized features in response to an increase in the incidence of foot diseases and allergies, in turn, augmenting their crossfit apparel market share.

Tuesday, 13 December 2022 14:31

UK retailer Monsoon to open additional stores

  

Monsoon is set to open more stores next year after a recovery in profitability and a return to high street shopping.

Based in the UK, the retailer now plans to open another 22 stores in the current financial year. Monsoon followed a strategy of product and brand renewal, digital transformation, retail portfolio restructuring, international restructuring, and central cost reduction and the strategy contributed ahead of expectations. The group is even confident of reaching the 200 store mark, if it wanted to.

Across the group, e-commerce sales make up 45 per cent of the total, up from around 20 per cent before the Covid pandemic hit. The proportion of e-commerce sales at Monsoon is much higher than at its sister brand Accessorize, where most sales are still made in stores. Over the past two years the company worked tirelessly to save the business, return it to a solid footing and secure its long-term future. The priority was to save the business, secure over 2,300 UK jobs and maintain its presence as a leader on the high street, which has been done.

Retail is doing great at the moment in the UK. The strength of the return to stores after a big pivot to e-commerce during the pandemic has surprised and delighted retailers.

Tuesday, 13 December 2022 14:30

Vietnam partners with European countries

  

Vietnam is forging partnerships with Luxembourg, the Netherlands and Belgium.

Trade between Vietnam and Luxembourg has risen 60 per cent over a year earlier. As of October 2022, Vietnam’s exports to the country were up 50 per cent year on year while imports were up 11 per cent. Vietnam mostly exports garment and footwear products to Luxembourg while importing fiber and chemicals from the country.

The Netherlands is one of the leading trade partners of Vietnam as it is a gateway to the EU and one of the largest logistics centers in the region. Trade between Vietnam and the Netherlands has increased about six per cent each year. The Netherlands is the sixth largest export market of Vietnam and the biggest among the EU members.

Belgium is the sixth largest European trade partner of Vietnam. Before Covid broke out, two-way trade would risesix to ten per cent each year. After a fall of ten per cent in 2020, the growth rate surged to 53 per cent in 2021. Vietnam is Belgium’s supplier of footwear, garment products, coffee and aquatic products. Meanwhile, Belgium provides Vietnam with pharmaceuticals, gems, machineries and equipment.Belgium has high demand for agro-fisheries products and traditional handicrafts, which are Vietnam’s strengths.

Tuesday, 13 December 2022 14:28

Smuggled textiles flood Iran

  

Massive volumes of contraband textile enter Iran every year and hamper local production.

Smuggled products make up around 25 per cent of Iran’s annual apparel market.Presently, the lion’s share of apparel smuggled into Iran are off-season brands sold at discounted prices that happen to be even lower than the production cost and that of the raw materials combined with price tags no one can compete with.

There has been a 18 per cent rise in smuggling of textile industry products into Iran the last fiscal yearcompared to the year before. Import of apparel into Iran has been banned for many years now.There has been an apparent decline in the value of Iran’s apparel market. The declining purchasing power of average Iranians and the Covid pandemic to a lesser extent have been cited as the reasons for the decline. Manufacturers want support and urgent measures to combat contraband apparel in the market.

A total of 900 million square meters of textile are imported into Iran every year. Close to 3.6 billion square meters of different kinds of textile are consumed in the country annually, some 2.7 billion square meters of which are produced domestically and the rest has to be imported.

  

Sri Lanka is moving toward creating a set of positive incentives that will encourage voluntary repatriation of exporters’ income and conversion in line with global standards and practices.

Of the exports in September 2022 and October 2022, the country’s exporters repatriated or brought 100 per cent of their export earnings back into the banking system.

However, exporters may be utilizing dollars for approved local purchases. These would include the purchase of both diesel and domestically produced raw materials which are required for the industry.Given the current economic milieu in the country, companies use a considerable portion of export proceeds to purchase raw materials, fuel and other items essential for seamless operations in the event of unforeseen crises.

In the case of the apparel sector, the industry refers to a local value addition of 50 per cent. About 25 per cent of export proceedings on an average have been directly converted to rupees by the exporters. Under the existing regulations, exporters are permitted to make outward payments for purchases of raw materials and the remaining proceeds are converted automatically by the respective commercial banks on the seventh day of the following month.In addition to payments made to overseas suppliers, the growth of the local supply chain also means that apparel companies can pay up to 25 per cent of their inward foreign currency remittances to indirect exporters in Sri Lanka.

  

Trident’s production of bath linen declined seven per cent in November 2022 as compared to November 2021.

Production of bed linen dropped 35 per cent. Production of yarn tumbled 24 per cent. Production of paper fell six per cent in November 2022 compared with that in November 2021. Production of chemicals fell three per cent in November 2022 as against the same period a year ago.

Based in Punjab, Trident is a vertically integrated textile (yarn, bath and bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in the home textile space in India. The company operates in two major business segments, textiles and paper, with its manufacturing facilities located in Punjab and Madhya Pradesh.

The three keys for Trident’s product introductions are utility, comfort and sustainability.From using fibers made from recycled materials to making products with the finest cottons like Supima and Egyptian, Trident has been constantly raising the bar year after year. Trident is launching several new categories of product in bed and bath. In addition, the company has temperature-regulating sheets and a bath assortment featuring its patented Air Rich technology, which helps create towels that stay soft wash after wash.

Tuesday, 13 December 2022 14:21

Shein adopts marketplace model

  

Shein has moved beyond selling its own brand apparel and into a marketplace platform that will enable other merchants to sell directly to customers.

Shein is one of the world’s largest online fashion retailers. The marketplace platform makes available a range of additional merchandise and shipping options, and the company expects it to result in increased customer engagement and satisfaction though creating a marketplace would put Shein in more direct competition with e-commerce giants at a time when retailers globally are seeing growth slow amid economic uncertainty and weakened consumer spending in some markets.

Shein currently sells and ships products to more than 150 countries and carries pricier clothes such as evening gowns as well as household goods.The fast-growing company, now based in Singapore, is also diversifying its supply chain away from China, where Shein was founded. It has started manufacturing in Turkey and has leased and operated warehouses in Poland to store merchandise and ship to customers in western Europe. The company’s supply chain is largely rooted in a major manufacturing hub in China, where it has a network of more than 3,000 suppliers.

Shein has grown rapidly into one of the world’s top online retailers based on a business model offering a large assortment of apparel at ultralow prices tracking quickly shifting fashion trends.

Tuesday, 13 December 2022 14:12

IHGF New Delhi fair in March

  

IHGF will be held in New Delhi, March 15to19, 2023.

The edition will be structured with a larger display of over 3,000 exhibitors, themes as well as collective displays, several curated lines and design affirmations with a cross section of exhibitors ranging from medium and small exporters, artisan entrepreneurs and designers to India’s leading manufacturer-exporters. A choice of over 2000 products and more than 300 trend specific design developments across 14 display segments defines this show.

The product range will feature housewares, home furnishing, furniture, gifts and decorative, lamps and lighting, Christmas and festive décor, fashion jewellery and accessories, spa and wellness, carpets and rugs, bathroom accessories, garden accessories, educational toys and games, handmade paper products and stationery, candles, cases and leather bags.Collectively they will offer a full spectrum of thoughtfully curated concepts and products at a single platform.

The five-day fair is a sustained, proven and progressive resource for importers, wholesalers, retail chains and design professionals.Added attractions like theme pavilions, trend areas, craft demonstrations, ramp presentations, knowledge seminars, buyer lounges and refreshment zones would make attending the show a truly wholesome experience.

The event is being organized by the Export Promotion Council for Handicrafts (EPCH).

  

Michelle Weisse is the vice president of the textile and apparel department at Fashion Fabrics of America.

She comes to FFA after many years in the textile industry. Her experience spans all areas of the apparel industry from the factory floor to concept, design, garment production and execution of apparel fabrics and garments.

Her experience is expected to help FFA better understand how events of the past made things the way they are today, enable FFA to better navigate today’s supply chain and avoid prior mistakes and allowit to more positively impact clients’ bottom lines.

Fashion Fabrics of America offers many different types of styled fabrics to the New York and Los Angeles women’s apparel market and also services the men’s and children’s apparel markets. Its goal is to work cooperatively with apparel makers from all over the United States and to not sell any imported fabrics. Fashion Fabrics of America is a one stop mill-direct textile resource offering knits, wovens, novelties, pieced dyed and printed textiles. The in-house design provides aid in any way necessary at no additional charge from print design projects to dye-lot overview. Garment packages are available.

Fashion Fabrics of America is an entirely American mill-direct textile resource offering a variety of textiles from dressy to athletic fabrics.