Luxury brand Moncler has been ranked as the Industry Leader of the ‘Textile, Apparel & Luxury Goods’ sector in the Dow Jones Sustainability Indices (DJSI) World and Europe.

It’s the second year in a row that the Italian firm has been recognized to receive the top spot in the DJSI category.

The DJSI is considered the “gold standard for corporate sustainability at a worldwide level and a trusted reference standard for investors who include sustainability considerations in the decision-making process of their investments.”

Moncler recently dropped its Born To Protect plan that focuses on five strategic drivers including climate action, the circular economy, fair sourcing, enhancing diversity, and giving back to local communities.

In July, the company signed a sustainability-linked revolving credit facility granted by IntesaSanpaolo with a reward mechanism linked to the achievement of environmental reduction targets.

Italian brand Carpisa has entered the Indian market with the opening of its first physical store at DLF Mall of India in the national capital New Delhi.

The brand plans to expand rapidly across North India in the coming months despite the economic disruptions caused by the Covid-19 pandemic. It is known for ts bags, small leather goods, luggage, briefcases, and accessories both for men and women. Established in 2001, Caprisa has a network of over 600 stores spread across over 40 countries.

Caprisa was launched in 2001 by a young and enterprising management team that bases its success on values such as close attention to the customer, team spirit, dynamism, research and development and competitiveness, showcasing Italian style and creativity.The brand’s collections, large and rich in ideas, created with Italian design, present an excellent value for money combination. They are aimed mainly at women between 20/45 years old, particularly attentive to new trends, but also at men, who are influenced by the most varied requirements.

While cotton prices continued to gain by 2-4 per cent month on month (MoM) in October on account of the resumption in demand from the casual wear, knitted and home textile segments, they were lower by about 5 per cent year on year (YoY), according to the October edition of India Ratings and Research’s (Ind-Ra) credit news digest on India’s textile sector.

With the United States Department of Agriculture’s Foreign Agricultural Service (USDA-FAS) estimating a steady cotton production for the current season, it would lead to an oversupply in the Indian market, affecting prices further. However, the Cotton Corporation of India had taken steps to liquidate its inventory during July-September 2020 which would lead to a substantial lower inventory, Ind-Ra said.

Cotton yarn prices continued their recovery in October and remained stronger than blended yarn prices, on due to a higher demand from export markets. Large cotton spinners using the inventories purchased prior to COVID-19 have written-down/inventory losses during the second quarter (Q2) of this fiscal, which is likely to have affected the first half operating margins.

The smaller spinners, having lower cotton inventory and exposure into knitted casual wear, have reported a stellar performance for the second quarter over woven and blended segments.

Yarn exporters continued to witness an uptick in demand during August, with production resuming to pre-COVID levels and flattish on YoY levels. Yarn exports in tonnage terms grew by 38 per cent YoY during August.

Ind-Ra expects it to have improved further during September-October. The recovery in yarn demand with unlocking and resumption of production by mills in neighbouring countries would lead to a rise in shipments.

China has signed the Regional Comprehensive Economic Partnership (RCEP) deal that spans 15 countries and 2.2 billion people.

The deal includes several of the region's heaviest economic hitters aside from China, including Japan and South Korea. New Zealand and Australia are also partners, as are Indonesia, Thailand and Vietnam in Southeast Asia.

The trade agreement was first proposed in 2012 as a way to create one of the world's largest free-trade zones. The deal will play an important role in building the region's resilience through inclusive and sustainable post-pandemic economic recovery process. William Reinsch, a trade expert at the Center for Strategic and International Studies said, that the agreement could have consequences in the long term, and added that China's involvement is a sign of its willingness to play a constructive role, despite its aggressive actions in the South China Sea, Hong Kong, and elsewhere.

Others noted that the deal was further evidence of Asia's growing power. Economists at HSBC said that the agreement signals that Asia keeps pushing ahead with trade liberalization even as other regions have become more skeptical.

A BBC survey shows, Indian workers in factories supplying the supermarket chains Marks & Spencer, Tesco and Sainsbury's, and the fashion brand Ralph Lauren, are being subjected to exploitative conditions. Women working at a Ralph Lauren supplier reported being forced to stay overnight to complete orders, sometimes requiring them to sleep on factory floor. Similarly, workers at a supermarket supplier are been made to endure conditions which would be unacceptable for staff employed by the same brands in the UK.

The women working at these garment factories all live in poverty in a rural area of South India. According to charity organization Action Aid, forced overtime, verbal abuse and poor working conditions were routine at the factories in question. The three brands are all members of the Ethical Trading Initiative (ETI), and have signed up to its based cod which includes a pledge to ensure working hours are not excessive, overtime is voluntary and that workers are not subject to verbal abuse.

In a statement, Ralph Lauren said it was deeply concerned by the allegations put to the company by the BBC and would investigate. The factory supplying the fashion brand denied the staff members' allegations and said it was compliant with the law.

The three supermarket brands said they were working together to ensure the issues were remedied, in particular on excessive working hours. Sainsbury's said it was insisting on a number of actions the supplier must take in order for us to continue to work with them while Tesco said it plans to prohibit excessive overtime, strengthen grievance procedures and ensure workers were fully compensated at the correct rates for hours they've worked" Marks & Spencer said it plans to undertake regular unannounced audits to ensure its implementation.

As per ZimTrade, Zimbabwe’s clothing and textile exports declined 58 per cent decline to $17 million between January and August this year. Its clothing and textile exports had increased by $42 million during the same period last year. The country’s total exports increased to $2,56 billion between January and August 2020. Largest decline was noted in clothing and textile sector, whose exports declined to $17 million.

To increase sector competitiveness, ZimTrade recommends a coordinated approach to address the challenges faced by players in the sector. It advises the government to make production enablers such as water, energy and transport not only available but also affordable. ZimTrade is also developing export clusters in Matabeleland North and Mashonaland West to increase capacities among local sculptors. It has urged Zimbabwe’s diaspora community for support to create market linkages that would go a long way in boost exports from the sector.

The profits of most listed apparel companies in Bangladesh tumbled in July-September quarter due to the collapse in demand abroad amid the coronavirus pandemic. Fifteen of 39 textile and garment Dhaka Stock Exchange (DSE) listed companies who published their first quarterly financial reports, posted lower profits than in the same period a year ago. Nine of these companies made profits during the period while five companies extended their struggle to return to profits.

The woven sector received the major blow as the demand for formal shirts and apparel products dropped, said Anwar-Ul-Alam Chowdhury, Chairman, Evince Textile. Export earnings from the sector declined by 5.78 per cent to $3.88 billion in the July-September quarter, reveals data from the Export Promotion Bureau Of the total earnings , $4.46 billion came from knitwear shipment, which rose 7.04 per cent. Many retailers thought they would do good business during Christmas, the biggest spending season in the western world, but it might not happen because of the second wave. The textile sector performed worse than expected said Mir Ariful Islam, Head-Research, Prime Finance Asset Management Company.

Between July and September, the shipment of apparels grew 0.84 per cent year-on-year to $8.12 billion. Among the listed textile firms, 14 apparel companies incurred loss in the quarter, the highest ratio among all the industries..Safko Spinning was the biggest loser: its EPS was Tk 2.09 in the negative in the quarter, higher from Tk 1.62 in the negative in the first quarter of 2019-20.

As per a Textile Today report, Swedish retailer H&M is fast-tracking the digitization of its operations by optimizing store portfolio and integrating sales channels. The brand has launched a few initiatives to meet new consumer outlooks and offer better client experience, including customer engagement through technology, customer service initiatives, and product transparency. It has extended membership programs to communication app WeChat and launched new payment solutions such as ‘Pay Later in Spain and 12 other marketplaces.

H&M has also launched its ‘Next day’ and ‘Express’ deliveries in 14 markets. The brand offers climate-smart deliveries Italy and Sweden. The brand’s customers in 30 cities of the Netherlands can choose to receive and return items by a bicycle delivery service. Moreover, it’s ‘Find-in-store’ option is available in 22 markets which allows its customers to easily find on their mobile phones if an item of their choice is available in a store or online. Also, ‘In-store Mode’ in 13 markets enable customers to see on their smartphones which items are in the store they are currently in, as well as online; the ‘Click & Collect’ service is available in 14 markets. H&M customers can also locate and buy products online by scanning a QR code.

To ensure product transparency, H&M has developed the Higg Index Tool in partnership with the Sustainable Apparel Coalition (SAC) and other companies. This allows the brand’s customers in select markets to see environmental scores of over 7,000 product pages on the company’s website.

One of the latest companies to join TMAS, the Swedish Textile Machinery Association – Imogo unveiled its new Dye-Max system at the recent Innovate Textile and Apparel (ITA) exhibition. This Dye-Max spray dyeing technology can slash the use of fresh water, wastewater, energy and chemicals by as much as 90 per cent compared to conventional jet dyeing systems. This is due to the extremely low liquor ratio of 0.3-0.8 litres per kilo of fabric and at the same time, considerably fewer auxiliary chemicals are required to start with.

Such technologies, however, face a number of obstacles to adoption. Imogo therefore has decided to emphasize on sustainable production and use spray technologies for dyeing and finishing processes as a part of it.

The ITA roundtable discussion was attended by Simon Kew, Alchemie Technology, UK, Christian Schumacher, StepChange Innovations, Germany; Tobias Schurr (Weko, Germany; Rainer Tüxen, RotaSpray, Germany and Felmke Zijilstra (DyeCoo, Netherlands.

A 32-page report by Arch & Hook says, plastic hangers are very bad for the environment. Around 82 per cent respondents said, sustainability plays a decisive role in their purchase of commodities, while only 15 per cent of those cited recyclability as a consideration for hanger selection. Another, 68 per cent respondents claimed ignorance about the type of plastics used in making their hangers which makes it difficult or impossible to recycle them.

Only 5 per cent fashion companies said they deliberately dispose plastic hangers they no longer require, while others did not. Plastic hangers used per year in the UK clothing market add up to 954.6 million; plastic hangers sent out in online clothing orders total 82.6 million; those used solely for the transportation of clothing account for 16 per cent; unit sales of clothing with an associated plastic hanger are 60 per cent.

According to Alana James and fashion consultant Emma Reed, co-authors of the report, hangers remain a largely overlooked area of environmental impact in the industry, despite 60 per cent of all clothing sold being associated with a plastic hanger. Awareness of how many hangers are discarded is really low in retail, especially for the in-transit phase. Fashion professionals are simply not clued up on the answers, they added.