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US Cotton Trust Protocol sets the stage for use of sustainable cotton acros…

In November 2021, the COP26 summit held in Glasgow held up a red flag for global fashion industry and the need to act fast and now. According to McKinsey report, under the current trajectory, the fashion industry will overshoot greenhouse gas emissions needed to achieve a 1.5º C global warming ... Read more

Domestic brands give tough competition to global ones in China’s apparel re…

A surge in nationalist sentiment and growing hostility to foreign labels is compelling global fashion brands to reduce their footprint in China. A report by SCMP indicates, US clothing brand Gap is reducing its retail footprint in China by cutting down the number of stores to 143. And experts say, f... Read more

Argentinian clothing manufacturers face cost-related challenges

For a country facing numerous economic challenges for long, the fact that its clothing sector has about 50 per cent import component is in itself a challenge. As per The National Institute of Statistics and Censuses (INDEC), clothing is one of the highest performing sectors year-on-year. By June 2022, th... Read more

New EU green legislation to step up sustainability efforts in Bangladesh

The huge amount of waste produced by the global textile industry has accelerated the need to reduce continued damage to planet Earth. Textile produces over 100 billion pieces of clothing year. This results in 84 per cent of the textile waste worth $3.7 billion being sent to landfills every year. To ... Read more

EU textile sector wants cap on gas price

The European textiles industry has called on the European Union to adopt a wholesale price cap for gas. It says a cap above a certain level will result in collapse of businesses. It wants the TTF benchmark parameters to be changed and TTF to be decoupled from the electricity market and the revision... Read more

Rising demand will boost global custom T-shirt printing market to clock in …

Global custom T-shirt printing market is expected to surpass $9,009.3 million with a CAGR of over 9.7 per cent to 2023 says a new study by Future Markets Insights (FMI) a premier provider of market intelligence and consulting services. In its latest report, FMI cited customized T-shirts are gaining immens... Read more

China faces turmoil, exports growth falls

Chinese exporters are having a difficult time. Softer foreign markets are forcing them to shed workers. They are switching to lower-value goods and even renting out their factories. Customers are placing fewer orders and are reluctant to buy expensive products. Compared to 2020 and 2021, this year ... Read more

Demand for used clothes in Africa rides on affordability, sustainability: S…

The pursuit of pre-loved clothing is emerging as the most prominent trend in the African market with consumers continually upgrading their wardrobes by donating or reselling used items. As per an Euromonitor International report, known as Madunusa in South Africa, Okrika in Nigeria, and Mtumba in Kenya, ... Read more

Fusing street styles with active wear help segment stay ahead in post-pande…

Old habits die hard in the post-pandemic global active-wear segment as consumers still prefer to wear comfortable the clothes they have become used to over the last two years. With healthy lifestyles taking precedence over having a good time and an indulgent lifestyle, majority of consumers (76 per cent) ... Read more

Global luxury brands bank on quick recovery in China market to up sales

Life is like a game of boomerang and sooner or later, everyone sits down to a banquet of consequences of human actions or natural causes. China quickly recovered from the global economic downturn after Covid 19 and became global saviour of luxury brands almost doubling in size compared to 2019 level... Read more

UK fashion industry calls for greater clarity on trade with EU

Even after 18 months of UK officially leaving the European Union, the country has failed to resolve bilateral trade issues. As Mark Neale, CEO, Mountain Warehouse opines, supplying materials to retail stores in Europe has become more complicated and tiresome post Brexit. Increased costs and bureaucr... Read more

Retailers look at lower earnings with inflation squeezing consumer buying

American Eagle is no longer soaring high as it joins the growing list of premium clothing retailers reporting bleak earnings worldwide. The apparel industry is currently trying to figure out what the consumer wants in post-pandemic period with lower demand as inflation squeezes tight budgets of the ... Read more

Global retailers adjust offerings post covid

American Eagle’s comparable sales in the latest quarter fell six per cent from a year ago. The brand’s priorities are adjusting its assortments and rightsizing inventory. Other retailers including Walmart, Target, Gap and Kohl’s face similar problems with bloated inventories... Read more

Indian exports optimistic despite downtrend

India’s upbeat export figures weren’t immune to the pandemic outbreak and Russo-Ukrainian conflict. Last month, exports recorded a decline of 1.15 per cent year-on-year. The worst hit were cotton yarn, fabrics and handloom products which experienced negative growth of nearly 33 per cent. Weak... Read more

Centrestage begins in Hong Kong

Centrestage is being held in Hong Kong, September 9 to 11, 2022. This is Asia's premier fashion event being organised by the Hong Kong Trade Development Council (HKTDC). A number of renowned and emerging fashion brands from Hong Kong and overseas are presenting their spring/summer 2023 collec... Read more

Apparel resellers see growth sustain through quarters, continue to push ahe…

A two-year long pandemic followed by an ongoing war has shaken the global economy. Inflation, economic volatility seems like the new norm as consumers worldwide rethink purchase of non-essentials. In the global apparel reselling sector, the emerging picture is many shades of grey. Are apparel resellers di... Read more

India emerges as big Christmas décor items exporter

India has the potential to be one of the world’s largest exporters. The value of festival goods and accessories sent by sea to the US in August 2022 from India was roughly three times what it was at the same time last year. Even though China exports a sizable portion of Christmas déco... Read more

Diversity, equity, inclusion in business model can help boost luxe business

Euromonitor International’s latest research shows, future prospects for global luxury goods and fashion industry appear bright despite current political and economic instability and the ongoing global pandemic. Key players continue to navigate challenges by reassessing their priorities and ope... Read more

Growing fascination for trendy fashion drives up growth in menswear globall…

With shoppers trading their skinny jeans and fitted suits for wide-legged trousers, loose-fitted tees and casual attire, menswear business is booming across the globe. As per a Business of Fashion report, the category grew 40 per cent compared to the same period last year at London-based luxury retailer M... Read more

Big global sportswear brands struggle in China as cheaper local ones flouri…

Adidas, the mega German manufacturer of athletic shoes, apparels and sporting goods is currently floundering in post-pandemic murky waters of China. In the second quarter of 2022, Adidas observed a revenue drop of 35 per cent in China market while dragging operating profits down 28 per cent and net sales ... Read more

Party time for private labels in fashion retail markets

he Indian fashion market has seen many changes after the pandemic, and one of the most prominent has been the sharp rise of private labels in both online and offline retail. These two advantages of high availability and cheaper pricing than national brands, have made private-label products con... Read more

Value addition in Bangladesh RMG exports declines in 2021-22

With a massive 84 per cent contribution to total exports earnings of Bangladesh, the readymade garment (RMG) sector witnessed depreciation in the just-ended fiscal year (FY) 2021-22. As per a Textile Today report, Bangladesh’s RMG exports totaled $42.61 million in FY 2021-22 while import of textile ... Read more

Bangladesh apparel exporters in a fix as top US retailers cancel orders

Falling demand in home country is leading to US clothing retailers including Walmart, Target, The Children’s Place, Costco, TJX and Kohl’s cancelling orders placed with apparel manufacturers in Bangladesh. Few buyers are also deferring shipments with most planning to reduce dependence on... Read more

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