Cotton prices in the US have increased 4 per cent from last week on speculations of growing demand from top user China. US cotton certified stock levels continued to fall after peaking in late June, signaling good export demand, says John Robinson, Economist, AgriLife Extension, College Station. OA Cleveland, Economics Professor, Mississippi State University and Consultant says, more gains could be in store due to a squeeze in large outstanding short positions. The price surged 51 per cent in past year on two straight projected deficits.

Data from the US Commodity Futures Trading Commission show, sales from unfixed cotton call have increased 69 per cent from a low in March. Sellers may have to go long on futures to close their positions. Other buyers in Turkey and Pakistan are also looking to US supplies, Cleveland adds.

Heavy rains may threaten the quality of cotton across the Coastal Bend of Texas, and very wet conditions in the next 10 days will delay harvesting in West Texas, the biggest growing area, adds Donald Keeney, Senior Meteorologist, Maxar Technologies’ Growing regions around the Mississippi Delta will also be drenched this week.

Despite costs of making clothing and T-shirts rising, retailers will have a hard time passing expenses on to consumers due to curb in discretionary spending and lack in rise of wages, according to Plexus Cotton’s Egli.

The pandemic has raised environmental concerns amongst Chinese consumers The recent McKinsey Global Institute report ‘Seven segments shaping China’s Consumption landscape’ highlights the growing trend of ‘eco shopping’ amongst Chinese consumers who are willing to pay extra for sustainable products. To explore growing eco-awareness, China’s designer brands are using ecological, recycled or waste materials in their new collections. Some of these collections will be showcased at the ‘Green Fashion Zone’ in upcoming Chic Shanghai exhibition.

To be held from October 9 to11with 487 fashion and lifestyle brands in the National Exhibition & Convention Center, the Chic Shanghai exhibition will showcase products in encompassing menswear, womeswear, kidswear, denim, shoes, bags, accessories and streetwear. In all, 76 designer brands will showcase in three halls spread over on 53,000 sq mt.

Sustainability the dominating theme

One prominent collection at the exhibition is the collection by designer Venus that combines various elements from streetwear, workwear and sportswear. To be presented in the Impulses designer area, it features handcrafted innovative crochet techniques and fabrics. It will focus on the use of recycled elements such as leather, ribbons and barbed wire.

Sustainability will dominate all collections presented at Chic Shanghai. Kidswear brand Cofna will showcase a collection made from yarns created with recycled PET bottles while Jore Baudry’s womenswear line will focus on slow fashion. Menswear brand Kashiyama will highlight the recycling initiatives it has undertaken for the last 15 years.

Chic Digital to launch new programs

The Chic Digital zone will award companies meeting the criteria of sustainable production in cooperation with the media publisher China Fashion and WWD. It will expand its digital tools and social media networks by introducing new programs and services. One such program to be launched is the WeChat Mini Program that has integrates trade fair's e-catalog directly to coordinate the interests of the business partners. The functions of the mini-program are continuously being expanded with new developments and networking opportunities.

Finding the right partner

The fair will hold 36 matchmaking events enabling brands to find the right partner in Chinese fashion business on site. The Match-Making Zone will house brands including Folli Follie, Cocoon, Mo & Co, Eland, tanni, Versino, etc., online brands such as Elephant and Giraffe, Ayuko Studio, SunDayMerry, Artist Hui or Eggka. It will also feature e-commerce platforms such as Little Red Book, JD, Dou Yin (TicToc), Wang Yi Yan Xuan or Shein.

The share of e-commerce in China’s fashion business is expected to rise to 83.5 per cent by 2025, predicts Statista. The latest GlobalData report too states online fashion industry in China is projected to grow to $285,981.4 million through 2025. The report attributes the robust growth in e-commerce sales to COVID-19 pandemic. It estimates fashion sales in China to reach € 340,000 million. The Chic Shanghai exhibition hopes to tap this growth opportunity by building bridge between the fashion industry and the trade of supply and demand. It will offer participants an overview of current market developments and trends, says Chen Dapeng, President China National Garment Association and Chic.

Milan will host this year’s Emerging Talents trade show featuring three companies supported by Texbrasil and Fashion Label Brasil, carried out through partnerships between Apex Brasil (Brazilian Trade and Investments Promotion Agency), Abit (Brazilian Textile and Apparel Industry Association), and Abest (Brazilian Stylists Association), respectively.

Texbrasil brands Nay Sunswear Wear and VitorZerbinato, in addition to the Sylvie label, from Fashion Label Brasil, will exhibit their collections at the event.

Created in 2016, Emerging Talents Milan has already promoted 80 brands from 30 countries. The trade show includes a showroom, fashion shows, and business consultancy. In addition to promoting new designers, the event focuses on sustainability. It is a platform that brings people together and builds bridges between cultures, says Russ Ev, Creative Director

One of the worst COVID-19 hit sectors, fashion retail may close the year with 23-25 cent revenue growth if there is no third wave, according to a report by Icra Ratings.

According to SakshiSuneja, , the sector head at the agency, with an improvement in the vaccination coverage, the fashion retail is expected to clip at 15-17 per cent from Q2 onwards, translating into annual revenue growth of 23-25 per cent in the year to March 2022.

This shall, however, remain lower by up to 20 per cent from the pre-pandemic sales, and thus the agency maintains its negative outlook on the segment and expects it to revert to pre-pandemic sales only by Q2 of FY23, she added.

Two other reasons for the optimism is the massive 55 per cent fall in rentals in Q1 of FY2022 and more adoption of online retailing to the tune of over 50 per cent jump in volume on-year.

However, the report warns that if there is a third wave, which virologists still do not rule out, it can potentially shave off up to 40 per cent of revenue. And even if the sector closes the year with a 25 per cent growth, it will still be 20 per cent lower than the pre-pandemic volumes. Therefore, the agency maintains its negative outlook on the sector and expects full recovery only from the second quarter of the next fiscal.

The winners of the 32nd batch of India’s most credible talent discovery program for upcoming designers – GenNext–will showcase their collections at the upcoming joint FDCI X Lakmé Fashion Week scheduled in October this year.

As per an Apparel Resources report, the applicants were required to submit a video montage of their ensembles to complement their presentation, post which shortlisted applicants presented their collections digitally to an expert jury comprising TarunTahiliani, PriyaTanna, AashtiBhartia, Director of Ogaan; SumatiMattu, Head of Innovations at Lakmé; GenNext Mentor Sabina Chopra and Head of RISE Fashion &Lifestyle,JaspreetChandok.

The ‘INIFID’s GenNext’ program has been recognized for identifying and providing young and talented designers an opportunity to enhance their skills and take centrestage in the fashion industry. So far, GenNext has established more than 200 plus designers in the country.

US clothing company American Eagle Outfitters (AEO) has launched AE77, a new sustainably crafted premium denim label for men and women. As per a Spin Off report, the label offers timeless denim pieces and includes a repair and recycle concept. The collection leads with nine fits, advanced fits are made with vintage details and fabrics including selvedge denim.

AE77 also offers dresses and tops with feminine touches of lace, pintuck and ruffles as well as tops made of recycled cashmere, made in LA knits, Japanese flannel shirts, and vintage fleece. The label meets AEO’s highest water requirements, exceeding requirements for water recycling, water management, and wastewater. It uses sustainable techniques and machinery as well as green chemistry in jeans production to reduce or eliminate hazardous substances commonly used in the washing of denim. The fabrics are made from sustainable raw materials to all extents possible, including organic, recycled, or sustainably sourced through the Better Cotton Initiative.

The label will debut its first store in New York City’s SoHo neighborhood, with an e-commerce site to follow on October 15 and a second store by year end.

Online fashion retailer Boohoo plans to sign the new International Accord Agreement for Health and Safety announced in August to make retailers liable for legal action in case their factories in Bangladesh do not meet labor safety standards. The agreement has already been signed by the company's European rivals H&M and Inditex-owned Zara. It replaced the earlier Bangladesh Accord, which was struck in the aftermath of a building collapse in 2013 that killed more than 1,100 garment workers in the south Asian country.

The news comes a year after Boohoo accepted all recommendations of an independent review that found major failings in its supply chain in England after newspaper allegations about working conditions and low pay in factories in the Leicester area. The fast fashion giant has made moves to improve problems its supply chain in recent months and to make itself more transparent to consumers Boohoo recently published a list of international factories detailing around 1,100 factories, following instruction from an independent review produced by Alison Levitt QC. It hit headlines for all the wrong reasons last year after media reports said factory workers in Leicester were being underpaid and not protected against Covid-19.

Boohoo appointed Alison Levitt QC to look into the supply chain allegations, who found they were substantially true, despite an initial denial from the firm.

Indorama Ventures plans to increase prices of its products from October 1, 2021. As per a Textile Network report, like many companies, Indorama’s textile subsidiary, the Indorama Mobility Group has been confronted significant inflation since the beginning of the year. In particular, the rise in inflation has been notable in gas prices that have tripled in the past few months in Europe while increasing 50 per cent in the US. Pices of CO2 emissions and compliance cost: prices for CO2 certificates in Europe have almost doubled, touching €60 per ton up from €30 per ton at the end of last year, while regulations continue to expand the need for CO2 compensation.

Prices of chemicals and additives have increased 5 per cent while standard packaging materials have gone up over 30 per cent. Despite having a local manufacturing footprint Indorama is not fully affected by global freight issues, regional logistic costs are also increasing up to 20 per cent.

A recent survey by the Indian Texpreneurs Federation (ITF) indicates, around 40 textile and apparel companies in Tamil Nadu plan to launch IPOs to list their shares in Indian equity markets. Off 257 member companies surveyed by the federation, 16 per cent said, they are keen for IPO; 30 per cent hoped to double sales in 3 years’ with a 25 per cent CAGR, while 18 per cent said, they will double their current sales in 4 years with a 20 per cent CAGR.

Around 36 per cent entrepreneurs hoped to double their yarn sales in 5 years’ time with 15per cent CAGR. The survey also highlighted that Tamil Nadu’s textile and apparel industry bets on growth with a focus on value addition.

Prabhu Dhamodharan, Convenor, ITF, Coimbatore informed that in total, 76 per cent of the surveyed firms mentioned about doubling the current site of business in 3 to 5 years with new capex cycle.

Within the sub segments of textile manufacturing, home textiles, weaving and apparel segments are showing better momentum in terms of growth. This trend will help Tamil Nadu textile sector to further strengthen the value-added product manufacturing, he added

France's fast fashion retailer Kering has decided to stop using animal fur for all of its brands, in the fashion industry's latest response to concerns over animal treatment and the environment.

For many years, Kering has sought to take the lead in sustainability, guided by a vision of luxury that is inseparable from the very highest environmental and social values and standards, says François-Henri Pinault, Chairman and CEO. The group has always demonstrated its willingness to improve animal welfare practices within its own supply chain and the luxury sector in general.

its decision to stop using fur in all collections will be effective from the Fall 2022 collections onwards.