In the recent past, you have wished and been wished a happy new year. When was the last time someone wished you happy new product? In case you have to stretch your memory about your last new product launch, chances are your products are dated! Let’s take a sock manufacturer as an example. Say, they have been happy with their business as the local market they have been supplying to has been kind to them. Business is steady and profits are healthy. They are unlikely to innovate, presumably somewhat oblivious that they are indeed part of the booming worldwide socks market. As retailers and e-tailers look for fresh new products to woo their customers, this sock manufacturer is likely to take a back seat. On the global scene, the socks market is one of the fastest growing segments of the apparel industry with a compound annual growth rate of 8.5% at present. By 2023, the global socks market is estimated to be worth around the $11.6 billion mark. Specialty socks, athletic s... Read more
Pinakin Chaubal holds Master’s degrees in Management and Textile Engineering. He has been a long time assessor for NATA ISO 17025 laboratory accreditation and has contributed to the review and drafting of several Australian, Joint Australian / New Zealand and International Standards on textiles, clothing and footwear. Global brands like H&M, Zara and most others are getting settled in India at an unprecedented rate. In fact, it’s more a case of who hasn’t entered the zoo, rather than who has. Global selling platforms like amazon.com have been successfully wooing Indian suppliers. Historically price sensitive apparel products like inner ware are moving to brand sensitive categories in the minds of local consumers. Now where does all this leave your product? At the centre stage! In this competitive market, if your product does not take the centre-stage, it will lag, struggle for a while and may eventually suffer from severe competitive arrest. Brand ma... Read more
Zara has released a denim range for children. This is a range fit for a circular economy. The denim collection... Read more
Pure London has come up with a toolkit for independent fashion retailers in the UK. With nearly 14,000 independent fashion... Read more
Shipment of garments from Bangladesh to Russia dropped 47 per cent year on year in the July to December 2022... Read more
The latest Wazir Advisors’ latest ‘Apparel Trade in Key Global Markets and India’, reveals in November 2022, the US imported... Read more
The effect of two-year long pandemic, followed by Russian-Ukraine war and how Western countries are slipping into recession and tightening... Read more
Garment manufacturing is the single largest sector and backbone of India’s MSME with a whopping 95 per cent contribution. Stakeholders... Read more
Fashion circularity is no longer a concept celebrated in industry forums and seminars but a living lifestyle choice as rentals... Read more
After two difficult Covid years of dressing down days, the fashion resilience of denim is being felt once agin. Every... Read more
As the fastest-growing segment in India, children’s clothing is mimicking the eco-consciousness that has started establishing itself within adult clothing.... Read more
Conducted between October 21 and 31 2022 with 50 retail executives working in the US, the Deloitte study indicates retailers... Read more