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…
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
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
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…
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…
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
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…
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
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…
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
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
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