Though the pandemic affected the entire fashion sector, its impact on workers was massive. Halting of thousands in-progress or finished order by retailers led to revenues worth $22billion being stuck with brands, says Scott Nova, Executive Director, Workers Rights Consortium, a labor rights advocacy group. Th... Read more
The unlocking of Indian economy has helped revive demand for MMF fibers in the country. As a report by Textile Value Chain highlights, from October to December 2020, fall in MMF production was restricted to the range of 3 to 6 per cent as against a cumulative decline 18.2 per cent Y-o-Y during April-December ... Read more
As per Comtrade figures, till 2017 India was the world’s second largest exporter of textiles and clothing after China. However, since 2019, India’s rank dropped to 5th position with the country experiencing negative 1 per cent CAGR in the past five calendar years. Lack of total garment package so... Read more
Bangladesh is set to be the global recycling hub as fast-fashion brands like H&M and Target have collaborated to launch a new recycling initiative in the country. Spearheaded by the Global Fashion Agenda, this initiative brings together all industry players who aim to make Bangladesh a global leader in ap... Read more
The pandemic saw India emerge as the world’s second largest manufacturer of PPE kits, after China. The textile ministry encouraged many manufacturers to venture into PPE production essential for the fight against COVID-19, says a India Today report. Initially, manufacturers were apprehensive about enter... Read more
Even in an ultra-tough market, the digital world is helping fashion sector connect with customers, says Mark Sinnock, Chief Strategy Officer, Havas Group. Brands are introducing consumer engagement strategies to attract buyers to shop with them. They are also encouraging industry peers to work with Black-owne... Read more
COVID-19 has reemphasized the importance of quality, especially while buying FMCG products. Earlier, Indian consumers let discounts determine most of their purchase decisions. However, now they are looking for value-added products, says a report by Bengaluru-based research firm RedSeer Consulting. As per Busi... Read more
The British fashion industry is facing its toughest times as noted designers including JW Anderson, Erdem and Christopher Kane have opted out of this year’s London Fashion Week that begins today. And Burberry, which plans to participate in the show, will release only its menswear collection, deferring t... Read more
After a challenging era, when its annual revenue shrunk $2bilion in the eight years since its acquisition, Adidas has finally put Reebok up for sale. In the past eight years, Reebok closed almost half its stores in North America besides deviating from its original aim of being a sportswear brand. As per a Bu... Read more
Recent deals like online fashion brand Boohoo purchasing UK retailer Debenhams for £55 million and Asos buying Arcadia brands for £295 million are keeping the survival hopes alive for brands and retailers. However, their move to online operations is leading to store closures across the globe, caus... Read more
Luxe brand hunters in India have never had it so good with brands like Jimmy Choos available at price of a Zara handbag, and Rs 25,000 worth sunglasses from Tiffany & Co can be had for Rs 8,000 from Instagram thrift stores. The luxury resale market is proving to be a boon for shoppers with limited budgets... Read more
As was evident from the digital Milano Unica show held recently, COVID-19 failed to dampen the spirits of the Italian textile sector as brands continued to launch new eco-friendly collections. As per a Womens Wear Daily report, around 192 companies participated in the show held on the e-Milano Connect info-co... Read more
A new study by the World Federation of the Sporting Goods Industry and McKinsey & Company highlights supply chains as one of the main challenges for the sporting goods industry in 2021. Titled, ‘Sporting Goods 2021 – The Next Normal for an Industry in Flux’, the study says, for the first... Read more
As per a report by Unicommerce and Kearney, India’s e-commerce order value and gross merchandize value grew by 36 per cent and 30 per cent in the last quarter of 2020. However, the average order value was 5 per cent during the quarter as compared to the same period last year. Backbone of the retail ind... Read more
MAS Holdings earned about 11 per cent of its revenues from innovative products. Since 2013, the company has been launching many innovative products that blur the lines between apparel, healthcare and technology, says a report by Economy Plus. In 2013, it launched the SPRYNG device, a battery operated, smaller... Read more
Already an exporter of $45 million textile products to Pakistan annually, Chinese private undertaking Challenge Fashion now aims to set up a Special Economic Zone in Pakistan. As per a Pakistan Today Profit report, Challenge has many global clothing and accessories brands like adidas, Icebreaker, Polartec, Th... Read more
A recent Bain & Company report estimates Chinese consumers will account for 50 per cent of luxury sales by 2025. However, the report does not expect smaller luxury brands to grow as Chinese people do not prefer buying luxury items from small brands, says Elsepeth Cheug, Global BrandZ. Three years ago, Tm... Read more
Though relatively unknown, Nanjing based e-commerce platform Shein is ready to enter the mainstream fashion market. The Pearl River-based company, which recently bid for the ailing UK fashion group Arcadia, exports to almost 220 countries, reveals a Forbes report. It has websites across Europe, the Middle Eas... Read more
Before COVID-19, the Myanmar apparel sector employed over 700,000 workers in over 700 apparel factories. The sector created jobs faster than any other part of the economy, reports, International Labor Organization. However, pandemic-induced slowdown forced many factories to shut down and the recent military c... Read more
Global fashion industry’s addiction to synthetic fibers has doubled the use of polyester in the last 20 years. As per a Changing Markets Foundation report, polyester will account for 85 per cent of global use of synthetic fibers by 2030. Titled ‘Fossil Fashion: The Hidden Reliance of Fashion on Fo... Read more
Though experts believe that a circular European apparel industry has the capacity to lessen the impact of textile waste it produces, the idea has not been adopted by mainstream producers. As per a GreenBiz report, the European fashion industry fails to invest in circular projects. According to Conor Hartman, ... Read more
The acquisition of apparel retailer Aeropostale in 2016 led to a new trend of landlords acquiring tenants. In the past several months, the Simon Property Group has acquired a slew of retailers like the Lucky Brand, acquired in partnership with Authentic Brands. Brookfield Property Group took over the brand Fo... Read more
Despite a consistent 10 per cent annual growth over the past few years, India’s retail sector has not been able to achieve the same level of growth as Malaysia and Thailand. Now, the pandemic has forced around 7 lakh small retailers to permanently shut down operations, reports Economic Times. Though the... Read more
From being called one of the most pragmatic Budgets of modern India to being hailed for its positive and growth-oriented initiatives, the Union Budget 2021-22 has been appreciated by all sections of the Indian textile and apparel industry. Textile parks, custom duty reduction to make SMEs more competitive A... Read more
Though brands across China and North America are seeing a strong rebound in sales, those in Europe are struggling to meet their shoppers changing demands and threatening industry forecasts. As per a CNBC report, European brands and retailers are being guarded about their future moves. They are rejecting exper... Read more
Found in more than half of all textiles, polyester production is likely to account for 85 per cent of total global fiber production by 2030, says a report titled ‘Fossil Fashion: The Hidden Reliance of Fashion on Fossil Fuels’, published by the Changing Markets Foundation, the report charts out gr... Read more
‘Retailers need to inform customers about the category of masks they are selling’
Bobby Arora, Director, Status Quo
“We wait for customers to come into our stores. At this moment it is important for every offline retailer to reach out to their customers and tell them about the new products they have started selling. They need to tempt and bring their customers to buy their product and when they buy they will obviously come in and buy more products. Sometimes even though we do not want to buy online but the continuous rotation of ads tempt us to buy the product but this doesn’t happen offline. In today’s situation retailers will have to adopt this approach of showing customers the products they need as it could be they are delaying the purchase of these products.”
Read Full Interview Here
“China’s superiority may remain unchanged even after COVID-19”
“Discount retailers and value-oriented brands stand to win”
“Deferral of some duty payments and import fees would provide needed liquidity”
‘Don’t use this opportunity to stitch up suppliers’
“Crisis presents opportunities, and we will be ready to act on those that make good strategic sense”
“Coronavirus lockdown has changed our lifestyles in ways that make buying new clothes particularly irrelevant”
‘India can take advantage of this situation and increase its textile exports’
“Buyers and Sellers should plan together to see how they can sustain”
‘We need to learn from this crisis and push ourselves to be self-dependent’
‘There is an opportunity for India as everyone will look for an alternative source’
‘Future apparel sale will depend on the sentiment that prevails after COVID-19’
“I do not think any country is equipped to replace China including India”
‘Once the country opens up, we will face severe worker issues’
In short to midterm, it would impact as there’s disruption in global supply chain
‘Once everything normalizes there will be a big momentum’
Spurring the biggest economic contraction since World War II, COVID-19 has hit every sector from finance to hospitality. Its discretionary nature makes the sector particularly vulnerable, say McKinsey... Read more
Top global brands/retailers have been flocking to Bangladesh for the quality of denim products at competitive prices. A new relatively new entrant in denim, Bangladesh expects strong demand for their ... Read more
Even before COVID-19 pandemic, most Western brands and retailers were struggling to survive. In the new millennium, brands and retailers increased their reach to new geographies by opening more and mo... Read more
Even as brick-and-mortar shut down, fashion firms can position themselves for recovery when the COVID-19 pandemic fades, says a McKinsey study. However, to achieve these objectives, firms need to firs... Read more
CANCEL the shipments, is not the right word at the moment, perhaps to HOLD could be more reasonable. Brands should stand by their commitments as their orders are already in process. This is the only ... Read more
ITMA has announced it will continue to present and share innovative manufacturing technology and materials with the industry at its 19th edition in Milan.... Read more
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
In conjunction with MEX Exhibition, Messe Frankfurt Trade Fairs India will hold Gartex Texprocess India as a hybrid event. The event will scheduled alongs... Read more
Kornit Digital reported revenues of $57.4 million in its third quartercompared to $47.3 million, net of $2.4 million attributed to the non-cash impact of ... Read more
To be held from March 9 to 12, 2021, FESPA Global Print and European Sign Expo 2021 are attracting a good line-up of exhibitors who are enthusiastic to en... Read more
The number of GOTS certified facilities have grown by 34 per cent to 10,388 glo... Read more
A comprehensive online platform to connect the functional fabric industry and p... Read more
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
The Gujarat government has approved five big investment proposals worth Rs 6,00... Read more
Interest in the upcoming edition of ITMA 2023 remains high despite the ongoing ... Read more
Notwithstanding the significant impacts felt by retailers due to COVID-19, sour... Read more
Material innovation company Spinnova and the world’s largest wood pulp pr... Read more
The US embassy has appreciated the efforts by Cambodia’s Ministry of Labo... Read more
Victoria’s Secret’s parent company, L Brands recorded positive four... Read more
Global leader in defining and advancing the standards of ethical business pract... Read more
As per the US Office of Textiles and Apparel (OTEXA), Bangladesh denim exports ... Read more
Denim fabrics trade show Bluezone has just launched Bluezone Living Page, an in... Read more
To outpace China as the world leading manufacturer and exporter of PPE, Banglad... Read more
H&M has issued a €500 million sustainability-linked bond which will en... Read more
Zahid Mazhar, Senior Vice Chairman, All Pakistan Textile Mills Association (APT... Read more
Ganni and Levi’s have teamed up to release a 14-piece selection of vintag... Read more
Adriano Goldschmied, Founder, House of Gold has launched a new collection using... Read more
According to the provisional data released by Ministry of Commerce and Industry... Read more
This season, with the pandemic exacerbated by the spread of new COVID-19 varian... Read more
HanesBrands has been recognized as one of the World’s Most Ethical Compan... Read more
As per Business of Fashion, Paraguay plans to invest $1.1 million in the manufa... Read more
Global textile powerhouse Welspun India has collaborated with digital innovatio... Read more
As it plans for more e-commerce growth in coming years, Walmart is building lar... Read more
The Textiles Ministry has sought details from the Commerce Ministry on the rate... Read more
As per Master card Spending Plus, apparel sales in the US declined in January t... Read more
After two years of the Central Bank of Nigeria (CBN) blocking traders from usin... Read more
Naveena Denim Mills has launched a new denim range made with Lycra’s Wrap... Read more
The government aims to make India self-reliant in silk in the next two years, s... Read more
At a virtual meeting platform organized by AEPC, Sanjiv Ranjan, Indian Ambassad... Read more
To grow its Connected Retail network, Europe’s leading fashion retailer, ... Read more
Rebecca F Dye, Maritime Commissioner, Federal Maritime Commission (FMC) assured... Read more
Gap has threatened landlords of shutting all stores across the UK in July and b... Read more
On the occasion of EU Industry Days, Euraterx urged the European Commission and... Read more
Inditex has collaborated with the MIT Climate and Sustainability Consortium (MC... Read more
German footwear and lifestyle brand Birkenstock has opened its first mono-brand... Read more
An Eco Passport by Oeko-Tex certification has been granted to the performance m... Read more
Jan Van Mossevelde has been appointed new Global Brand President VF Corporation... Read more