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Ensuring investment security, profitability through rightsizing

Ensuring investment security, profitability through rightsizing

  Bigger may not be better in case of the textile and apparel industry; especially during the current unprecedented times. And as Md. Eousep Novee argues in the article ‘Rightsizing the textile and apparel industry to make business sustainable’ published in TextileToday, the industry needs to tame i... Read more

Aligning business with changing values to help sportswear brands ensur…

Aligning business with changing values to help sportswear brands ensure sustainability

  It’s common to see people wearing suit with casual shoes, leggings with heels, or yoga pants at work. Growing interest in health, recycling and environmental protection is compelling consumers to mix sports and fashion and create new style trends. Sportswear brands are adapting to this new reality by co... Read more

US retail bankruptcies reach a record high

US retail bankruptcies reach a record high

  As the pandemic stretches on, retail bankruptcies have reached an all time high in a decade. COVID-19 is bleeding the US retail industry with around 43 retailers filing for bankruptcies so far, says S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote, owner of... Read more

Fashion industry seeks a plastic free future

Fashion industry seeks a plastic free future

  Global response to ‘ban plastic’ call has been quite encouraging with people discarding most of their plastic bottles and bags. However, this is not enough to control rising plastic pollution as majority of microscopic, hair-like plastic fibers are not visible to the naked eye. They easily course ... Read more

Retailers in US, Europe face uncertain future with second round of sto…

Retailers in US, Europe face uncertain future with second round of store closures

  A resurgence of the pandemic in the US, Australia and some European countries has led to governments tapering off support for fashion businesses in these countries. Compounded by the stress of intermittent reopening and reclosing of stores, fashion retailers in these countries are planning to declare bankrupt... Read more

World textiles, apparel exports fell in 2019, India remained among top…

World textiles, apparel exports fell in 2019, India remained among top exporter: WTO

  Global economic slowdown and US-China trade war caused the world merchandise trade to fall for the first time in 2019 since the 2008 global financial crisis. According to newly released World Trade Statistical Review 2020 report by WTO, world merchandise trade fell by 3 per cent in value and 0.1 per cent in v... Read more

A blow to Asia as companies diversify supply chains post COVID-19

A blow to Asia as companies diversify supply chains post COVID-19

  Disruptions caused by COVID-19 is inducing 57 per cent textile and apparel organizations to diversify their sourcing away from Asian countries like China, Vietnam and Bangladesh, says the Supply Chain Resilience Report 2020 by BCI. Many apparel companies plan to shorten their supply chains due to the pandemic... Read more

Diversification is key to future success of Lithuanian textile and clo…

Diversification is key to future success of Lithuanian textile and clothing sector

  In April’20, the Lithuanian Association of Clothing and Textile Companies (LATIA) predicted one third of its clothing and textile companies would go bankrupt and a quarter of people would lose their jobs. The association welcomed the government’s post-quarantine assistance measures, in particular ... Read more

Rise of new Chinese domestic luxury shopper

Rise of new Chinese domestic luxury shopper

  As the pandemic has incapacitated Chinese high-end shoppers, luxury players like Balenciaga and Montblanc are rethinking their strategies to reach these consumers in Mainland China. Earlier, around two-thirds of Chinese consumers shopped for luxury goods overseas, says consultancy Bain & Co. This shopping... Read more

Rebuilding trust between brands and retailers essential for future bus…

Rebuilding trust between brands and retailers essential for future business

  COVID-19 is drastically altering relations between brands and retailers. With fear of bankruptcies and subsequent non-payment looming over them, factories are choosing their retail partners with due diligence and emphasizing on a strategic partnership. As Peter Maerevoet, Global Chief Financial Officer and S... Read more

Deep-pocketed investors to shape the future of fashion market

Deep-pocketed investors to shape the future of fashion market

  COVID-19 forced investors across the world to go into ‘life-raft’ mode and shore up their businesses. However now, investors are reconnecting with potential partners leading to some significant deals in the last few months. Some of the most significant deals that were cracked recently include KKR&... Read more

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CFW launches new digital platform to live stream events

   Organizers of Copenhagen Fashion Week (CFW) have unveiled its new digital platf... Read more

Bangladesh RMG reports massive job losses due to COVID-19: WTO

   The coronavirus pandemic has triggered massive job losses, especially for women... Read more

CFW launches new digital platform to live stream events

   Organizers of Copenhagen Fashion Week (CFW) have unveiled its new digital platf... Read more

H&M suspends employees for using racist language

   Fashion giant H&M has suspended a few of its employees for using racist lan... Read more

J Brand launches Limitless Stretch

   Fast Retailing-owned J Brand has launched Limitless Stretch, a fabric created a... Read more

Kontoor records improved performance in Q2

   Kontoor Inc., with a portfolio led by the Wrangler and Lee brands, has strength... Read more

Multi-designer store Curato to launch online operations

   Curato, a Mumbai based multi-designer store exclusively for men is all set to l... Read more

New report highlight high rate of dismissal of union workers

   A new report, from the Business and Human Rights Resource Centre (BHRCC), portr... Read more

Walmart Labs launches new global identity

   Walmart Labs, the technology arm of the US retail giant, has launched its new g... Read more

Hyve to launch three virtual forums

   Tradeshows giant Hyve plans to launch three virtual forums next month, Fashion ... Read more

New report highlight high rate of dismissal of union workers

   A new report, from the Business and Human Rights Resource Centre (BHRCC), portr... Read more

Walmart Labs launches new global identity

   Walmart Labs, the technology arm of the US retail giant, has launched its new g... Read more

Hyve to launch three virtual forums

   Tradeshows giant Hyve plans to launch three virtual forums next month, Fashion ... Read more

Vietnam-based S Korean apparel producers to benefit from EVFTA: KITA

   Vietnam-based South Korean fashion firms are likely to benefit from the Europea... Read more

Santa Fe Indian Market to go virtual

   The annual Santa Fe Indian Market fashion show, will go virtual this year on Au... Read more

USFIA releases Seventh Fashion Industry Benchmarking Study

   The United States Fashion Industry Association (USFIA) has released the seventh... Read more