Owned by M/s Stitched Textiles, Barcelona is leading the way for the textile industries.As per Business Standard, the brand aims to establish an empire in the world of textiles and fashion brands by establishing a retail network of franchises and distributors. In all, Barcelona will open 500 stores in the next one year.

Starting in 2015, Barcelona has successfully marked its presence by opening various stores in numerous cities of India like Ahmedabad, Vadodara, Indore, Jaipur, Bhopal, Ranchi, Kolhapur, Patna and many more. It now aims to target the Tier-II & Tier-III cities of India, wherein best quality and trendy apparels can be provided to the consumers in the most affordable range.

In the month of March’21, Barcelona opened 10 stores at a go in Rajasthan, despite of the challenging pandemic condition, the brand earmarked its presence even in such difficult times and hence we can surely imagine how skyrocketing the brand will reach once the situation gets aligned.

Zara owner Inditex plans to close its Venzuela stores as deal with Phoenix Worker Trade is being reevaluated. The closure is an effort on part of the company to expand its flagship stores. Inditex plans to close 1,200 stores by 2021-ends

Phoenix World Trade, a company based in Panama and controlled by Venezuelan businessman Camilo Ibrahim, took over operation of Inditex stores in the South American country in 2007. The company is re-evaluating the commercial presence of its franchise brands Zara, Bershka and Pull&Bear in Venezuela, to make it consistent with the new model of integration and digital transformation announced by Inditex.It has so far closed upto 700 stores in Europe as well as 100 in the Americas and 400 elsewhere in the world.

In at least three large Venezuelan malls, the spaces formerly occupied by Zara and Pull & Bear - another Inditex brand - are empty. The company also closed three stores in May.

To recover from the 18 per cent slump and enhance growth, Japan’s fast fashion brand Uniqlo plans to focus equally on e-commerce and physical store sales. The brand’s retail sales in the US fell almost 18 per cent in the year that ended August 2020. To emerge from this, the brand switched to making masks besides launching new products. It also launched a washable, high-performance mask with a built-in non-woven filter. Its business in China improved as economy reopened and coronavirus outbreaks were controlled.

In Q1 FY 2021, Uniqlo International’s operating profit surged by 9.50 per cent to 41.4 billion yen from the same period of FY 2020. Going forward, Uniqlo aims to dominate the Asian market including India, where it had launched its first store in 2019.

The Japanese casualwear manufacturer and retailer operates stores across the US, the UK, Singapore, China, India, Bangladesh, Canada, etc.

COVID has forced International Cotton Advisory Committee (ICAC) to postpone next World Cotton Research Conference to 2022. The conference has now been rescheduled from October 3 to 7, 2022, Egypt. The organizers plan to reconvene and evaluate the situation in March or April next year. They also plan to release research papers in June 2021 as Volume 1 and a new set of Proceedings – Volume 2 — during 2022 WCRC.

Formed in 1939, the ICAC is an association of cotton producing, consuming and trading countries. It acts as a catalyst for change by helping member countries maintain a healthy world cotton economy; provides transparency to the world cotton market by serving as a clearinghouse for technical information on cotton production; and serves as a forum for discussing cotton issues of international significance.

To improve ease of doing business in textile and garment sector, Tanzania’s Ministry of Industry and Trade is consulting stakeholders to review 22 laws and implement regulatory reforms. The Tanzanian government amended two laws in the Finance Act 2020, it its budget 2021-22 speech. It is currently in the process of introducing the Trade Remedies Act 2021 to protect local businesses, control importation of products and market distortion by subsidized products which come to the local market at lower prices.

It also plans to improve the policies and laws to create a conducive business environment. It will cooperate with businesses to create a market for the local products, says Kitila Mkumbo, Minister of Industry and Trade. Tanzania has also scrapped over 232 taxes, fees, levies to reduce the time and costs for securing licenses and permits to do business in the country, Mkumbo adds.

President Samia Suluhu Hassan had urged ministers and government officials to improve the ease of doing business in Tanzania and amend laws that hindered investments.

To strengthen economic cooperation between the two regions, EU and India have agreed to restart the long-halted free trade agreement (FTA). Even since talks were curtailed between the EU bloc and India in 2013, apparel exporters have been urging the government to review India’s trade pacts with the EU. Apparel Export Promotion Council (AEPC) had said India’s apparel exports could double in three years if disadvantages in the trade agreements are eliminated.

The industry body says, India at present has a duty disadvantage of 9.6 per cent in the EU market, when compared with its apparel competitors like Bangladesh, Cambodia, Sri Lanka, and Pakistan. EU’s FTA with Vietnam signed last year has also hit India severely. The industry believes that the EU-Vietnam FTA may hurt India’s garment industry as the FTA abolishes 99 per cent of customs duties which would enable Vietnamese services and public procurement markets to EU companies.

The clear tariff differential in the EU market will add to India’s disadvantages in other areas such as logistics costs and further erode the country’s competitiveness vis-à-vis Vietnam, believe some industry experts.

There is an urgent need to have a level playing field in terms of market access and margin of preference in India’s biggest global market and to correct the distortion that the apparel industry has been suffering.

A sharp increase in clothing prices has doubled the rate of inflation in the UK in April 2021. As per the Office of National Statistics (ONS), UK’s Consumer Price Index (CPI) rose from 0.7 per cent in March to 1.5 per cent in April as clothing and footwear prices rose by 2.4 per cent between March and April 2021. Throughout 2020, clothing and footwear prices followed a different pattern compared to previous years. Clothing prices fell 1.5 per cent in February before rising by 2.4 per cent between March and April 2921. The Retail Sales Index figures by ONS showed a 35.7 per cent year-on-year increase in overall sales in April 2021.

Improved weather during April resulted in greater sales of fashion, particularly in outerwear and knitwear, as the public renewed their wardrobe and made plans to meet friends and family outdoors. Online sales also continued to perform strongly, rewarding those retailers who had invested in their online and delivery operations during the pandemic, said Helen Dickinson, CEO, British Retail Consortium.

However, store footfalls have declined 40 per cent. The end of the full business rates relief in England poses a significant threat to retailers who have spent well over a billion pounds on COVID-secure measures aimed at protecting staff and customers, she added.

Dickinson urged the government to reform the broken business rates system in the ongoing review. This will help the industry to improve digital offering and breath new life into the high streets and town centres, Dickinson added.

Revenue of Korean sportswear manufacturer Fila Holdings grew 25.1 per cent to KRW 988.281 million in first quarter ended March 31, 2021, compared to revenue of KRW 789,901 million in the corresponding period of prior fiscal. The company’s net profit rose to KRW 134,201 million from KRW 39,500 million posted in Q1 FY20.

Gross profit for the reported period increased to KRW 498,541 million from KRW 381,699 million in the previous year while operating profit jumped to KRW 183,569 million.

The company’s revenues from Korea during Q1 FY21 increased to KRW 136,163 million from KRW 128,826 million in the previous year while revenues from US surged to KRW 132,284 million from KRW 106,149 million.

Fila Holdings Corp is a sportswear manufacturer that designs shoes and apparel founded by Ettore and Giansevero Fila in 1911 in Biella, Piedmont, Italy through its subsidiary Magnus Holdings Co. Fila Holdings owns a 52 per cent stake in Acushnet Company, Fila Holdings' largest shareholders include Piemonte Co at around 20 per cent, Fila Holdings at 20 per cent, and South Korea's National Pension Service at around 13 per cent.[ Gene Yoon, who owns a 75 per cent stake in Piemonte, serves as the chairman of Fila Holdings.

LaNyalla Mahmud Mattalitti, Chairman-Regional Representative Council, Republic of Indonesia AA aims to increase apparel exports in line with rising domestic market demand. As per Indo Textiles, demand for apparels has increased significantly in Indonesia due to Eid and reopening of schools and offices. One of the country’s prominent manufacturers, PT Trisula Textile Industries Tbk (BELL) was flooded with orders for uniforms for various government and private institutions, such as banks, hospitals and airlines.

Mattalitti urged other producers to follow BELL's steps in providing good quality fabrics to enable the national market to compete with imported fabrics. He also urged the government to create a conducive investment climate even though it is still a pandemic condition. LaNyalla also requested the government to protect the national textile industry from cheap imports.

As per latest India Ratings and Research (Ind-Ra) report, cotton prices in India are expected to remain healthy in FY22 with largely stable production. However, domestic stock-to-use ratio may decline to 73 per cent for the season ending July 2021, says the report. The US Department of Agriculture – Foreign Agricultural Service (USDA-FAS) also expects stock to use ratio to decline to 60 per cent on likely incremental consumption levels during the next cotton season ending July 2022 against flattish production, said Ind-Ra in the April 2021 edition of its credit news digest on India’s textile sector.

USDA-FAS expects domestic crop to increase 2 per cent YoY in the next season commencing October 2021 while consumption is slated to increase by 6-8 per cent YoY, leading to a reduction in ending stocks. The marginal rise in production is despite an expected lower area under cultivation for the next season, albeit supported by a normal monsoon and increasing yield by 5 per cent to 497 kg per hectare. Furthermore, USDA-FAS expects cotton exports to increase by 0.5 million bales (480lb) to 6 million bales in the next cotton season, supported by lower domestic cotton prices.

The gross margins of cotton yarn prices are expected to remain healthy for spinners on the back of a supportive export demand coupled with a gradual improvement in domestic consumption levels. Furthermore, issues such as Xinjiang cotton could continue to support India’s healthy export levels, despite high cotton prices.