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According to Bain & Company, Italian luxury goods group Prada's sales in China have recovered strongly since shops reopened there and to date have risen well above last year's levels. The appetite of Chinese customers for luxury goods remained very strong despite the fallout from the coronavirus pandemic, which has tipped the global economy into recession and frozen international travel.

The industry's overall sales are expected to decline by up to 35% in 2020, but luxury groups are betting on a strong rebound in mainland China to limit the damage.

To date, the Prada Group's sales in China have already largely exceeded the levels of 2019, showing double-digit growth since the beginning of the year. the recovery in China had accelerated since the end of March, with sales growth of up to more than 60 per cent in following months. Prada's sales for China Valentine's Day, which this year fell on August 25, hit an all-time record.

The Asia Pacific region accounted for 44 per cent of Prada's sales in the six months to June.

Chinese shoppers were responsible for 37 per cent of global luxury goods purchases in 2019, according to consultancy Bain, with the bulk of the shopping done when travelling abroad.

Saturday, 12 September 2020 11:52

ITA to procure new machine from Karl Mayer

  

ITA Construction Composites plans to procure a high-performance wrap knitting machine Biaxtronic Co from Karl Mayer.

The new machine platform comes with new features which open up new research avenues for ITA and its research partners. The possibility to feed in base substrate will allow ITA to fundamentally research applications in the field of geotextiles. The installed Karl Mayer Command System “KAMCOS” includes an ethernet interface for integration into an existing network, which fulfils the requirements for research topics in the field of Industry 4.0, inline quality control, sociology, networking of the process chain etc. The newly developed electronic guide bar control system and the possibility to vary process parameter inline will improve the product quality substantially and help in producing locally adapted tailored textiles.

ITA thrives on the development of new innovative technologies and products, which mainly result from bilateral research projects between industry and universities. Thus, with the acquisition of the Biaxtronic Co, ITA is looking forward to undertake collaborative projects with national and international partners in the coming years. ITA plans to unveil the machine on January 21.

his acquisition of the machine is funded by the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation) and the state of North Rhine-Westphalia, project number INST 222/1264-1 FUGG. ITA extends its gratitude towards the DFG and the state of North Rhine-Westphalia for their financial support.

Saturday, 12 September 2020 11:50

Century 21 to file for Chapter 11 bankruptcy

  

The discount department store chain Century 21 has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores, joining the dozens of other retailers that have been pushed to the brink during the coronavirus pandemic.

The decision stemmed from its insurance providers declining to pay roughly $175 million due in policies to protect Century 21 from the losses it has suffered throughout the coronavirus pandemic.

The company will be removing to the bankruptcy court a lawsuit currently pending in New York against several of its insurance providers for failing to compensate the company for its losses.

The American Property Casualty Insurance Association has said that pandemic outbreaks are “uninsurable.” Insurance regulators approved exceptions for viruses after the SARS outbreak.

Century 21, known for its great deals on clothes and accessories, opened its first location in 1961 in downtown Manhattan in New York, and also has locations in New Jersey, Pennsylvania and Florida.

It’s going-out-of-business sales have commenced at all of its shops and online. Proskauer Rose is serving as Century 21′s legal counsel. BRG is its financial advisor, with Brian Cashman leading as Century 21′s chief restructuring officer. Hilco Merchant Resources is facilitating the going-out-of-business sales.

Saturday, 12 September 2020 11:49

Century 21 to file for Chapter 11 bankruptcy

  

The discount department store chain Century 21 has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores, joining the dozens of other retailers that have been pushed to the brink during the coronavirus pandemic.

The decision stemmed from its insurance providers declining to pay roughly $175 million due in policies to protect Century 21 from the losses it has suffered throughout the coronavirus pandemic.

The company will be removing to the bankruptcy court a lawsuit currently pending in New York against several of its insurance providers for failing to compensate the company for its losses.

The American Property Casualty Insurance Association has said that pandemic outbreaks are “uninsurable.” Insurance regulators approved exceptions for viruses after the SARS outbreak.

Century 21, known for its great deals on clothes and accessories, opened its first location in 1961 in downtown Manhattan in New York, and also has locations in New Jersey, Pennsylvania and Florida.

It’s going-out-of-business sales have commenced at all of its shops and online. Proskauer Rose is serving as Century 21′s legal counsel. BRG is its financial advisor, with Brian Cashman leading as Century 21′s chief restructuring officer. Hilco Merchant Resources is facilitating the going-out-of-business sales.

  

Designer brands Calvin Klein and Tommy Hilfiger have finally banned the use of exotic animal leather decades after People for Ethical Treatment of Animals (PETA) urged their parent company, PVH Corp. to stop killing animals for luxury products. PETA celebrated this victory with a campaign showcasing the clothing brands owned by PVH which also include Van Heusen, IZOD, Arrow, Warner's, Olga, True & Co., and Geoffrey Beene. In addition, PETA sent a box of vegan chocolates to PVH as a thank you for listening and executing on their commitment to ban animal leathers.

Back in 2017, Tommy Hilfiger decided to drop fur from all of its products, and with the new ban of exotic animal leather, the designer brand dove into a fully vegan market. On Earth Day (April 22nd), Calvin Klein celebrated by reaffirming its commitment to their Forward Fashion climate and sustainability goals. The luxury brand successfully honored their commitment and is working to inspire others to live a cruelty-free life.

The fashion industry has recently seen a shift into a more sustainable approach as mink fur farms shut down overseas, Macy's banned the sale of fur in all of its stores, Prada stopped selling Kangaroo leather, and Valentino banned the use of alpaca wool.

Saturday, 12 September 2020 11:27

Cinte Techtextil attracts 409 exhibitors

  

Cinte Techtextil held its 2020 edition on September 4, with both the in-person event and a new online sourcing platform. The fair attracted 409 exhibitors and over 15,300 visitors across 38,000 sqm at the Shanghai New International Expo Centre. This year marked the last time the fair would be held biennially, as it will switch to an annual event starting in 2021.

Wendy Wen, Senior General Manager of Messe Frankfurt (HK) said, while some things changed this edition, namely the addition of a new online platform to allow those who couldn’t travel to Shanghai to source from our exhibitors, what remained the same was the fair’s strength as a platform to capture the opportunities of China’s still-growing technical textiles and nonwovens market. While the pandemic has undoubtedly had an economic impact, specifically for this market the prospects remain bright, with China’s industrial output growing YoY in the second quarter of this year, spending on high-tech infrastructure expected from a stimulus package, and increased emphasis on the government’s new ‘dual circulation’ economic framework strategy of boosting domestic demand while at the same time attracting foreign investment and stabilising trade.

These factors all lead to an increase of 16 per cent in the number of visits compared to the 2018 edition, as well as a strong domestic exhibitor participation this year which ensured the size of the fair remained the same as the previous edition.

Cinte Techtextil China is organized by Messe Frankfurt (HK) the Sub-Council of Textile Industry, CCPIT; and the China Nonwovens & Industrial Textiles Association (CNITA).

 

US apparel groups unite to ban forced laborApparel groups in the US apparel have requested US Customs and Border Protection (CPB) department to block imports of China-made textile and apparel products as they are being made by forced labor in the Xinjiang region. If approved, this order can affect US textile and clothing imports worth millions of dollars from the Xinjiang Uygur Autonomous Region (XUAR). Known as the Withhold Release Order (WRO), it would mandate goods to be re-exported or destroyed if CBP determines they were made with forced labor. Barring the use of any Xinjiang cotton in clothing shipped to the US would be an escalation of US actions expressing disapproval of forced labor and other human rights abuses in the region.

The US Commerce Department has already shortlisted around 50 Chinese operations on its Entity List for their involvement in unfair practices. Additionally, the US State Department has accused the Chinese government of engaging in forced labor by detaining over a million Uygurs, ethnic Kazakhs, ethnic Kyrgyz, and other Muslims in the XUAR.

New legislation to ban sourcing from XUAR

As per the US Agriculture Department, China grows almost 85 per cent of its cotton in Xinjiang, a coalition of union and activist group also estimatesUS apparel groups unite to ban forced labor in Xinjiang about one fifth of all cotton garments sold in the world contain Xinjiang cotton or yarn. The cotton, yarn and fabric produced in Uygur are also used by other countries such as Vietnam, Indonesia, Cambodia, Bangladesh and Sri Lanka to make clothing.

According to the activist groups, all brands including Adidas, H&M, Lacoste, Nike, Ralph Lauren and Zara use cotton and yarn produced by factories employing forced labor in the region. Therefore, a bipartisan group of lawmakers in the US House of Representatives and the US Senate have introduced a new law mandating corporations to prove that their products sourced from the XUAR are not made with forced labor.

A risky move

In addition, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) and several Uygur rights and anti-slavery groups have directed CBP to issue a regional WRO on cotton procured from Xinjiang. In their petition, the AFL-CIO and the other groups said, a regional WRO would compel China to either continue the persecution of the Uygur people or lose contracts worth billions of dollars from US companies and others.

However, monitoring imports worth tens of billions of dollars would be a massive task for the CBP, and require it trace the supply chain of goods that arrive in the US. As per the trade data from the US International Trade Commission, US’ exports of cotton-related products to China rose by 62 per cent in the first seven months of the year, and 206 per cent in July alone. If the US bans China’s textile products, China would retaliate by stopping imports of US cotton, leading to disastrous effects results.

American firms are already stuck due to the Treasury Department’s recent sanctioning of the Xinjiang Production and Construction Corps (XPCC) as they have shipped hundreds of millions of dollars’ worth of cotton harvesting machinery to the region, often through XPCC-linked dealerships. These companies have to extricate themselves from their dealings with the XPCC by September 30 or risk being banned.

Friday, 11 September 2020 12:47

Wrangler joins Jean Redesign Project

  

Wrangler, a global icon in jeanswear and casual apparel, aims join the Jean Redesign Project to develop a new jeans range from regeneratively grown cotton. The Jeans Redesign project see’s over 50 brands embrace the principles of circular economy to ensure positive impacts for the environment, society and the health of those working in its industry.

The guidelines establish the minimum requirements for the durability, material health, recyclability and traceability of denim jeans. As defined by the EMF, one of the key principles of circular economy is the regeneration of natural systems. The principle aligns with Wrangler’s aim to source 100 percent sustainably grown cotton by 2025.

To be considered for inclusion in the Wrangler Retro® Premium “Regenerative Jean” collection, Wrangler is asking farmers to submit documented evidence of improved soil health and environmental benefits resulting from their adoption of regenerative agricultural systems.

In addition to signing onto the Jeans Redesign, the brand joined EMF’s Make Fashion Circular, which drives collaboration between apparel industry leaders to ensure clothes are made from safe and renewable materials, new business models increase their use, and old clothes are turned into new.

Friday, 11 September 2020 12:46

Nike tops brand intimacy rankings: MBLM Survey

  

A MBLM study ranked Nike, on top for brand intimacy in the apparel space. Other brands that rounded out the top 10 aare: Levi’s, Victoria’s Secret, The North Face, Under Armour, Adidas, Gap, American Eagle, Puma and Ralph Lauren.

Nike topped the list for the fourth time with a combination of dominance of products, inspirational and emotionally oriented communities and focus on current social issues. Apparel, as a whole, remained a mid-ranking industry, which indicates there continue to be opportunities to build more meaningful customer relationships.

Overall, the apparel industry ranked seventh of the 15 industries whose brands were surveyed based on emotions. The top industries, in order, were media and entertainment, automotive, tech and telecom, retail, consumer goods, fast food and apparel.

The survey analyzed responses from 6,200 consumers and 56,000 brand evaluations across 15 industries in the U.S., Mexico and UAE.

Friday, 11 September 2020 12:45

London Fashion Week to be held as per schedule

  

London Fashion Week will be held as per schedule despite British Prime Minister Boris Johnson introducing a new set of tight social distancing measures due to a spike in COVID-19 cases. Over 30 physical events will be held as a part of the London Fashion Week, scheduled from September 18-22, 2020. Burberry will live stream its show to the public on September 17, 2020 while other events will be held on one-to-one appointment basis or as small salon shows.

Organizer British Fashion Council is working closely with designers to ensure backstage venues, hair and makeup, seating and events programming is in line with government social distancing measures. It also hosted a webinar outlining the rules for all designers doing physical events. Anything that is posted about the collection on the official London Fashion Week website has been approved by the government and can still go ahead.