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Focus on textile and garment exports to drive China’s future growth

Focus on textile and garment exports to drive China’s future growth

  China’s goods trade stats from January to September 2020 reveal textile and clothing exports in the first three quarters achieved faster growth than national trade in goods. From January to September 2020, China’s textile and clothing exports increased by 12.2 per cent to 1,515.67 billion yuan, as... Read more

Second COVID-19 wave threatens Bangladesh RMG recovery as it eyes Chin…

Second COVID-19 wave threatens Bangladesh RMG recovery as it eyes China shift

  Bangladesh garment shipments recovered as stores reopened and international brands and retailers gave new orders to suppliers’ factories. However, the wait for a COVID-19 vaccine, fear of a second wave of infections and US elections is threatening this recovery as manufacturers have witnessed a sharp fa... Read more

Formal suits take a backseat as demand for casualwear rises

Formal suits take a backseat as demand for casualwear rises

  With most white-collar job workers locked away at home and fewer weddings and parties being organized, demand for suits and formal wear across the world has taken a beating. As per a Reuters report, in Australia, demand for wool has hit an all-time low, while in the US and Europe, formalwear retailers like Br... Read more

Indian market eyes festive season as online sales and relaxations boos…

Indian market eyes festive season as online sales and relaxations boost demand

  Ratings agency Icra estimates Indian apparel exports will decline 20-25 per cent in 2020-21. Due to the COVID-19 pandemic, the agency expects domestic revenues to decline by 30-40 per cent. To recover from this downtrend, apparel players bank on the upcoming festive season as they witness an encouraging build... Read more

Low labor costs, favorable policies make Cambodia an attractive invest…

Low labor costs, favorable policies make Cambodia an attractive investment destination

  A fast developing nation, Cambodia has not received any orders for garments since May this year. And as a CCF Group report suggests, around 256 garment, footwear and travel goods factories in the country have suspended operations, affecting over 130,000 workers. A report by the National Bank of Cambodia highl... Read more

No deal Brexit may prove to be the final nail in the coffin for Europe…

No deal Brexit may prove to be the final nail in the coffin for European fashion

  COVID-19 outbreak and a no-deal Brexit may prove to be a double whammy for the UK fashion industry as domestic brands will face burdensome intellectual property laws and labeling requirements and the exit of the EU preferential trading zone will make nearshoring more expensive. New for renegotiating supply t... Read more

Fast fashion dies a slow death as consumers focus on ethical shopping

Fast fashion dies a slow death as consumers focus on ethical shopping

  Alessandro Bru, Politecnico Di Milano School of Management believes, COVID-19 has had a big impact on the global retail industry. The pandemic has not only sparked conversations on shoppers’ consumption patterns but also made them realize their responsibility towards ensuring a sustainable future. Grow... Read more

The green advantages of digital fashion shows

The green advantages of digital fashion shows

  Though the pandemic has led to a 45 per cent dip in luxury sales, it has also given the $2.5 trillion global fashion industry an opportunity to tap the potential of digital shows in a post-COVID world. Last month, New York Fashion Week held it first online presentation while the London Fashion Week also live-... Read more

H&M bullish on India despite global slowdown, continues opening st…

H&M bullish on India despite global slowdown, continues opening stores

  Fast fashion brand H&M is optimistic about India business. Although the world’s second biggest retailer is closing stores globally, it is planning to open new ones in India; both online and offlline, reports Live Mint. Led by Janne Einola, so far, the brand has opened 48 stores in 24 cities besides ... Read more

Vietnam emerges a global hub for face masks and PPE equipment

Vietnam emerges a global hub for face masks and PPE equipment

  To reduce their dependence on China, many garment and textile companies have shifted their production to Southeast Asian countries like Vietnam for the last few years. However, COVID-19 has halted this process. Vietnam Textile and Apparel Association (VITAS) discloses, till August 2020, foreign direct investm... Read more

Teen spending at all time low as COVID-19 mutes consumer sentiment

Teen spending at all time low as COVID-19 mutes consumer sentiment

  As per a CNBC report, money spending by teens on food, concerts and events has hit a two-decade low since the COVID-19 outbreak. Piper Sandler’s 40th biannual ‘Taking Stock with Teens’ report also says, this year, teen spending has dropped by 9 per cent year over year to $2,150. The Piper S... Read more

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Performance Days replaces physical edition with digital event

   After the cancelation of its April edition, Performance Days will replace its p... Read more

Vietnam postpones International Textile and Garment Industry Exhibition

   The Government of Vietnam has postponed the 20th Vietnam Int’l Textile &a... Read more

Turkey ranks sixth in garment and RMG exports

   At the 13th Istanbul Fashion Conference last week, organized by the Turkish Clo... Read more

Polyprint presents latest DTG products at Innovate Textile & Apparel Tr…

   Polyprint SA, specialized Direct-to-Garment printer manufacturer, is showcasing... Read more

Do not look at stimulus as a ‘one and done’ deal: Steve Lamar

   Stephen Lamar, CEO, American Apparel and Footwear Association (AAFA) has advise... Read more

MorganTecnica to showcase latest technology innovations at Denim Show

   Fabric cutting room solutions provider MorganTecnica will showcase its technolo... Read more

Dystar launches two new textile modules

   DyStar, a leading specialty chemical company, has launched Cadira® Polyamid... Read more

Forever 21 signs licensing deal with AR Holdings

   Authentic Brands Group owned fashion brand Forever 21 has signed a licensing de... Read more

Outerknown launches world’s first biodegradable stretch denim

   California-based apparel label Outerknown has launched the world’s first ... Read more

IBA Craft selected as a finalist at National Startup Awards

   Indian Beautiful Art, also known as IBA Craft was selected as a finalist in the... Read more

Forever 21 signs licensing deal with AR Holdings

   Authentic Brands Group owned fashion brand Forever 21 has signed a licensing de... Read more

Outerknown launches world’s first biodegradable stretch denim

   California-based apparel label Outerknown has launched the world’s first ... Read more

IBA Craft selected as a finalist at National Startup Awards

   Indian Beautiful Art, also known as IBA Craft was selected as a finalist in the... Read more

Sri Lanka increases US apparel exports by 4% in August

   In August ’20, Sri Lanka upped its apparel exports to the US by 4 per cen... Read more

State alliance urges brands, retailers to sign Tamil Nadu Declaration

   The Tamil Nadu Alliance, a coalition of civil society networks working in the a... Read more

FAIVM request government to initiate enquires on festive mega sales of two …

As per an Economic Times report, national apex body of traders and retailers, Federation of All... Read more