The Q2FY21 sales of US-based global marketer of branded everyday basic apparel HanesBrands surged by 13 per cent sales to $1.7 billion as compared to the sales of $1.5 billion in same period of previous fiscal. However, net income for the quarter slipped to $128.6 million (Q2 FY20: $161.2 million).

The company’s gross profit for Q2 FY21 totaled to $681.6 million while operating profit rose to $217.4 million. The company’s income from operations surged to $147.8 million from $136.5 million in the corresponding quarter previous fiscal.

Segmentally, sales of innerwear dropped by 29 per cent to $780.6 million from $1.0 billion due to the overlap of last year’s $614 million of PPE sales. However, active wear sales advanced 140.0 per cent to $404.2 million from $168.4 million. Furthermore, HanesBrands' international sales jumped 90.6 per cent to $478.9 million with strong growth in Australia, Americas, Europe and Asia Pacific driven by strong consumer demand and the overlap of last year’s COVID-related shutdowns.

For the complete fiscal 2021, the company has raised its forecast and now expects net sales from continuing operations of approximately $6.85 billion, which is $550 million above its prior range of $6.2 billion to $6.3 billion.

UK-based fashion retailer Frasers Group plans to invest in its physical and digital elevation strategy, though it believes there could be more restrictions this winter.

Revenues of, the group slumped by 8.4 per cent from £3.9 billion in pandemic-hit 2020 to £3.6 billion in the year that ended 25 April 2021.

As per Apparel Resources, the Group’s sports retail revenue too fell by 10.7 per cent to £1.9 billion during the period.

The fall has been attributed to frequent store closures. However, the Group added that the fall was offset by growth in its e-commerce business as well as pent-up demand.

Frasers Group’s Premium Lifestyle category saw its yearly revenue rise by 1.9 per cent – all thanks to new store openings and e-commerce growth.

The European retail revenue for the Group, however, dipped by a worrying 11.8 per cent, but that was expected considering several lockdown-induced store closures all through the year.

Notably, Group’s EBITDA fell by 2.6 per cent to £536.5 million. Frasers Group was earlier known as Sports Direct International, before changing its name in 2019 following the acquisition of House of Frasers.

Digital wholesale platform Joor will undertake 13 global fashion events, starting with the Copenhagen International Fashion Fair (CIFF) on 9 August 2021.

As per Apparel Resources, some of the major events to be expected include the London Fashion Week, Premium + Seek, Rakuten Fashion Week Tokyo, Liberty + LA Men’s Market and iHKiB Istanbul Fashion.

Brazil Footwear, Showroom Canada, Tokyo Fashion Awards, Cabana, Jetro Project Japan and Ontimeshow Shanghai are other industry events to be launched.

JOOR will actively facilitate on-site order taking, and broaden the event’s timeframe and geographic reach to buyers from around the world. Marketplace events such JOOR Showcase will also be hosted, featuring more than 400 menswear and womenswear apparel, accessories and footwear brands.

Destination Italy, an exclusive showroom for Italian heritage brands such as Sergio Rossi, MSGM and Red Valentino, will also be included. These curated marketplaces will be available throughout the year for the buyers to access them.

An initiative has also been undertaken to promote brands of sustainable making, allowing JOOR to collaborate with CIFF. Complimentary access to JOOR is being provided to 12 sustainable brands, which will be highlighted on the digital event.

Launched in 2020, JOOR Passport is the most popular global platform to organise virtual trade shows and market week events around the world.

The platform has curated fashion’s largest global marketplace by hosting 40 global events, attracting more than 2,62,000 visitors from 149 countries.

After exiting from China 2019, American fast fashion brand Forever 21 plans to once again return to the country. The brand’s business in the country will be handled by Lasonic Limited Xusheng Co and its subsidiary, Xusheng Electrical (Shenzhen) Co.

The brand currently operates on some e-retail platforms in China such as Vipshop and Pinduoduo, The Company plans to open new stores across China as well as roll out its products on e-commerce channels in the country.

This will be Forever 21’s third return to China after a brief stint in 2008 and another in 2011, which ended with the brand exiting the country in 2019.

The brand also made a comeback to the UK and other European nations through localised online stores in June last year. It had filed for bankruptcy in September 2019 and was acquired by Authentic Brands Group (ABG), a global brand development, marketing and entertainment company, in Feb 2020.

Characterized by overproduction and over consumption of low-cost clothes, the global textile industry is a major source of environmental pollution. The industry is currently worth $1.4 billion and employs over 300 million people, especially in developing countries like Bangladesh, Brazil, China, India, Pakistan and Turkey. To reduce its environmental impact and increase efficiency, the industry needs to adopt a more circular economy and connect the downstream segment with the upstream. It needs to use more renewable materials, make durable clothes and encourage recycling by converting used garments into new ones.

Circularity to make upcyling more mainstream

The industry can make supply chains more resilient by developing reverse logistics capacities. This would help reduce 33 per cent of carbon dioxide emissions and connect production and disposal ends of the value chain. It would also reduce air, land and soil pollution caused by processes, says a recent UNCTAD study as a part of the SMEP program.

There is growing demand for more attention to used clothes in the industry. The UNCTAD report says, existing collection systems for used clothes are outdated and create an illusion of circularity. Upcycling could make circularity more mainstream and improve management.

Smarter transportation for job creation

Another important social concern for the circular textiles industry is loss of jobs. Sectors like the cotton and polyester are likely to face a decline in employment levels due to increased automation and decreasing investments. However, as per a recent ILO research, the industry will benefit in the long term as it will create 18 million new jobs by 2030. A 2020 OECD study also predicts, employment levels will rise 2 per cent in this decade. The industry needs to adopt smarter ways to transport textiles back to reprocessing sites. It needs to avoid engaging people into low-value-added occupations of manual material separation.

Recycling textiles abroad can prove more expensive for companies as import rates for used textiles are higher than other secondary materials such as scrap plastics. On the other hand, there are minimal fees for disposal of used garments in the domestic market. The EU has launched a new initiative to change VAT rules for recycling used garments.

Delivering profitable circular solutions

It is difficult to change the current linear process of sourcing, retail and disposal of textiles and garments as COVID-19 has created several logistical challenges, says the UNCTAD research. Textile companies need to focus on new technologies, business models and customer acquisition. They need to acquire new markets for small-scale circular operations. They also need to focus on delivering profitable circular solutions. Convince buyers about the benefits of buying responsibly produced textiles.

Vietnam’s Ministry of Industry and Trade (MoIT) believes, joining new-generation agreements like the European Union-Vietnam Free Trade Agreements (EVFTA) and the Comprehensive and Progress Agreement for Trans-Pacific Partnership (CPTPP) has brought great economic benefits to the nation.

Last year, Vietnam exported goods worth $40 billion and $38.7 billion to the European and CPTPP member countries respectively. Trade between Vietnam and EU member countries declined by 1.8 per cent to $55.4 billion as compared to that of 2019.

As per Vietnam Plus, the biggest importers of Vietnamese goods among European countries are: Belgium ($2.3 billion), Germany ($6.6 billion), the Netherlands ($6.9 billion), France (nearly $3.3 billion) and Italy ($3.1 billion. According to the MoIT, some of the items exported include footwear, plastic products, rice, textiles and garment and farm produce.

Vietnam's export turnover to CPTPP members also rose in 2020 compared to the previous year Total trade between Vietnam and other CPTPP member countries increased by 1.9 per cent to reach $79 billion last year,. Vietnam exported goods worth $38.7 billion to these countries and spent $40.3 billion on imports, resulting in a trade deficit of 1.6 billion USD last year.

The country enjoyed a trade surplus with some countries namely Canada and Mexico with a year-on-year rise of 11.8 percent and 12.1 percent, respectively.

Key products for exports to the CPTPP member countries are aquatic products, textile and garments, footwear, pepper, and wooden products.

As per eMarketer data from Insider Intelligence, e-commerce continued to drive UK textile, clothing, and footwear sales in the first half of 2021 and will make up 48.5 per cent of the category's sales by the end of the year. The category's retail ecommerce sales in the UK will approach $20 billion in 2021. The proportion of textile, clothing and footwear sales in UK’s total e-commerce sales is likely to decline from 12.2 per cent in 2019 to 10.4 per cent in 2025. The proportion of ecommerce sales in the UK in this category increased to 37.6 per cent in 2020 from 23.3 per cent in 2019.

Retail sales in the category are likely to decline by 3.9 per cent in 2021 after plummeting by 23.5 per cent in 2020. During the pandemic-induced lockdowns in 2020, many UK-based shoppers confined to their homes saw little need to shop for apparel, and even now, as restrictions ease, apparel will still not be a consumer focus.

Angus Ireland, Program Manager-Fiber Advocacy and Eco-credentials, Australian Wool Innovation (AWI) believe, the impact of livestock’s contribution to global warming is being overstated. As per a report by the Farmers’ Weekly, it had been previously reported that livestock contributed 18 per cent of human-produced greenhouse gas emissions around the world.

UN’s Intergovernmental Panel on Climate Change had earlier calculated that methane gas generated from the digestion of pasture remained in the atmosphere for 100 or more years, continuing to have a harmful effect for that length of time. However, a recent research by the LEAP project reassessed methane’s contribution to global warming and proved that it was relatively short-lived in the atmosphere. Ireland said, the UN had recognized the new findings, and had formed a technical advisory group that reported to the LEAP project.

Ireland says, this new information was also proving useful for AWI’s current attempts to counter the EU’s efforts to mandate that clothing and textile products carry labels displaying their environmental credentials. The EU was targeting the textile industry in order to achieve climate neutrality and a true circular economy, he said.

India’s largest private sector company, Reliance Industries (RIL) plans to set up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh. The facility will be built and operated by India’s leading plastic recycling and waste management company, Srichakra Ecotex India. The facility will double RIL’s recycling capacity to 5 billion post-consumer PET bottles. The company is focusing on sustaining India’s post-consumer PET recycling rate which is currently the highest in the world.

The expansion of PET recycling capacity is part of Mukesh Ambani’s vision to transform the company’s legacy business into sustainable, circular and net zero carbon materials business and support the entrepreneurs to take risk throughout the value chain. RIL currently recycles PET bottles at its Barabanki, Hoshiarpur and Nagothane plants. The post-consumer PET bottles are used as a raw material for manufacturing re-cycled polyester fibre. The fibers manufactured through this process are branded as Recron GreenGold and RIL through its Hub Excellence Partners (HEP) (selected downstream mills) manufactures R|Elan GreenGold fabrics, one of the greenest fabrics in the world.

At present, RIL converts more than 2 billion post-consumer PET bottles into fibers annually. With the addition of Srichakra capacity, RIL will be instrumental in converting about 5 billion used PET bottles into value-added fibers.

Faruque Hassan, President, Bangladesh Garment Manufacturers and Exporters Association have urged Vikram Kumar Doraiswami, Indian High Commission in Dhaka to expedite and facilitate Bangladeshi’s export-import trade through Bangaon-Benapole land port. Hassan said Bangladeshi’s apparel exporters, who import substantial volume of raw materials from India, are facing lots of delays in transit of imported goods from India.

This is leading to many trucks laden with import and export goods being stuck at Indian points, hampering Bangladesh’s trade with India and impacting the transit time of raw materials for RMG factories in Bangladesh, he added.

The export trade of Bangladesh’s ready-made garments is also facing same problem, he added. Hassan said, Bangladesh RMG exporters are also struggling to meet up the lead time given by foreign buyers to export apparels in the middle of pandemic and locked down situation.