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With its sales declining and competition rising, Forever 21 is urging landlords for a break in rent.
With over 380 stores in the US, the brand has asked some landlords to cut its rent by as much as 50 per cent. The company is yet to hire advisors and isn’t considering a second bankruptcy protection filing
Facing a range of issues, Forever 21 operates in the increasingly saturated fast-fashion market. The retailer filed for bankruptcy protection in 2019 and was later bought by a consortium including a brand management company Authentic Brands Group and landlords Simon Property Group and Brookfield Property Partners.
When the company sought bankruptcy protection, it had more than 800 locations globally. However, the massive store count weighed on its balance sheet, making it impossible for the brand to invest in its supply chain and respond to changing trends rapidly. Even closing hundreds of stores did not resolve its issues.
Forever 21′s financial position has also hurt the performance of its operator Sparc Group — the joint venture that includes Authentic, Simon and as of last summer, Chinese-linked fast-fashion behemoth Shein. Sparc runs Forever 21′s operations, as well as several other formerly bankrupt retailers, including Aeropostale, Brooks Brothers and Lucky Brand.
A Cambodian transportation firm headquartered in Phnom Penh, CID Logistic Cois collaborating with Shanghai-based Shanghai Shunkai International Freight & Forwarding Co to establish a textile and dyeing factory in Cambodia.
In a delegation hosted by both the companies in Phnom Penh, LorTithChansopheak, Advisor to the Council for the Development of Cambodia (CDC), emphasisedon the Royal Government of Cambodia's (RGC) efforts to attract both international and domestic investors by offering favorable and incentivised investment regimes, particularly in priority sectors outlined in the 'Law on Investment of the Kingdom of Cambodia.'
The delegation’s said, its primary mission is to explore investment opportunitiesin Cambodia, specifically to establish textile and fabric dyeing factories in the country. This would help boost to national economic growth significantly besides attracting further foreign investments into the garment sector.
The delegation also indicated its intention to expand their investments in Cambodia, thereby strengthening bilateral relations between Cambodia and China. LorVichet, Vice President, Cambodia Chinese Chamber of Commerce (CCCA), citied tax policies, labor productivity and electricity costs as three major concerns that are crucial for foreign investors to enhance trade and export competitiveness regionally and globally.
As a part of its Fall/Winter 2025-26, Turkish denim mill Bossa has launched a new denim collection made from fabrics in the new collection titled, Endless Blue. The fabrics in this collection have been made from the regenerated virgin cellulose fiber, Saxcell.
Derived from chemical recycled cotton waste, SaXcell is produced by sorting domestic cotton textile waste into a well-defined waste stream. Non-textile components like zippers and buttons are removed as the waste is grinded into a dry mixture of fibers with different lengths. The dry mixture is chemically decolored, followed by a wet spinning process.
The fiber can be cut to specified lengths, spun into yarns and woven or knitted into fabrics. Coloring can take place at the fiber, yarn or fabric stages.
From hemp to colored cotton, Bossa actively introduces new fibers to their denim fabrics. TheSaxcell blended denim fiber enables the brand to create fabrics that not only meet high quality standards but also priortise environmental conserveation, says, MugeTunceren, Product Development Manager, Bossa
The Endless Blue collection includes two fabrics: the comfort stretch Organic Cypress Savetrue with 34 per cent SaXcelllyocell; and the power stretch FX MetacellFreshblue with 18 per cent SaXcelllyocell.
Initially a project by a team of researchers from Saxion University of Applied Science in 2011, SaXcell was spun off as a startup in 2015. The company has been scaling its technology since through partnerships with Rieter, a supplier of systems for short-staple fiber spinning, and Birla Cellulose, a producer of man-made cellulosic fiber.
For the fifth consecutive time, Bestseller brands, Jack & Jones and Vero Moda have collaborated with the Olympic and Paralympic athletes to design and deliver the official collection for the Danish athletes at the Paris 2024 Games. For the opening ceremonies, Danish athletes will wear red and white hues reminiscent of the Danish flag as they move through the heart of Paris.
The collection for the female athletes is been designed by Vero Moda while the male athletes’ collection will be designed by Jack & Jones. Paralympic gold medalist taekwondo fighter Lisa Kjær, who provided input during the creation of the collection, highlights the complementing beige and blue colors used in the collection alongside the traditional red and white.
The collection includes everything from sweatsuits and suits to bucket hats and sunglasses. Bettina Holst, Buying & Design Director, Vero Moda, explains, the design of the collection combines the red of the Danish flag and the blue of the sea with Parisian elements to honor the host city. It incorporates a touch a fashion with a Parisian influence, evolving from a casual collection in Beijing 2008 to a sports and fashion collection for Paris 2024, she notes. The collection meets the athletes' specific conditions and requirements, adds Anders Gam, Brand Director.
Temu, the Chinese online retailer owned by PDD Holdings, has exploded in popularity in recent years, offering a vast array of products at rock-bottom prices. However, this bargain basement approach has raised a multitude of concerns, with accusations ranging from counterfeit goods and safety hazards to unethical labor practices and data privacy issues.
Quality and copyright Infringement
A major concern is the quality and authenticity of Temu's products. While there haven't been confirmed instances of counterfeits, Temu's parent company, PDD Holdings, has faced accusations of selling fakes on its Pinduoduo platform. The US-China Economic and Security Review Commission raised concerns about copyright infringement, suggesting Temu might sell inferior products that don't match established brands. Investigations by Wired further support this, indicating Temu's focus on rock-bottom prices could compromise quality. Additionally, designers have accused Temu of stealing their work, with reported difficulty in getting infringing products removed.
Unreliable delivery time and missing items
Temu boasts of free shipping on most orders, but the wait can be lengthy as items are shipped directly from China. Customer complaints abound online, citing inconsistent delivery times, missing items, and damaged products. The Better Business Bureau (BBB) and the Federal Trade Commission (FTC) have documented numerous complaints regarding delayed or undelivered packages, with some customers reporting damaged or incomplete orders.
Potentially misleading influencer marketing
Temu's social media presence is extensive, with a flood of positive reviews on platforms like TikTok. However, the legitimacy of these testimonials is questionable. Temu offers an influencer program, where positive reviews and product placements might not be genuine but rather paid sponsorships.
Forced labor concerns
Serious allegations cloud Temu's supply chain. The US government has warned of a ‘high risk’ of forced labor being used in Temu's products, particularly involving China's Uyghur population. Temu relies heavily on third-party sellers, making it difficult to guarantee ethical production practices. The House Select Committee on the Chinese Communist Party criticized Temu's lack of transparency regarding its supply chain and potential violations of the Uyghur Forced Labor Prevention Act. Temu's parent company, PDD Holdings, has been slammed for allegedly forcing employees to work long hours in poor conditions. A China Labor Watch study found employees working 380 hours a month, exceeding safe working limits.
Safety concerns
Temu acts as a marketplace, similar to Amazon, and doesn't directly manufacture products. This raises concerns about safety regulations. Investigations by Which? in the UK revealed electrical products failing safety standards, posing a risk to children. Similar issues were found with toys by the Toys Industries of Europe, with choking hazards and toxic chemicals exceeding legal limits. Temu claims to take safety seriously but these reports raise doubts.
Data privacy issues
Temu, like many Chinese-owned platforms, raises data privacy concerns. While no concrete evidence exists of Temu mishandling user data, its association with PDD Holdings is unsettling. PDD Holdings' Pinduoduo app was removed from the Google Play Store for installing malware and collecting user data without permission.
However, Temu maintains it prioritizes safety and removes potentially hazardous products. It also emphasizes its efforts to combat scams and advises users to download the app only from official stores. The company has not directly addressed the allegations of forced labor or provided details on its supply chain transparency measures.
Temu's ultra-low prices are undeniably attractive, but significant concerns linger regarding product quality, safety, labor practices, and data privacy. While Temu denies wrongdoing, the weight of evidence from various sources paints a concerning picture. Before diving into the world of Temu deals, careful consideration of these issues is crucial for informed shopping decisions.
The May 2024 ITMF Global Textile Industry Survey (GTIS) reveals a stagnant textile business climate, with only marginal improvements. While more companies now rate their business as "satisfactory," the industry continues to face a dearth of orders and high costs, squeezing profit margins. Despite positive business expectations for the past year, these reflect optimism rather than actual progress.
Order intake balance has slightly improved, with expectations for the next six months trending upwards. The order backlog increased slightly from 1.9 months in March to 2.1 months in May, though this is not yet a positive trend. Capacity utilization in May rose marginally to 71 per cent, up from the end of 2021’s peak of 80 per cent. Better utilization rates are anticipated in the coming six months.
Persistent weak demand, high raw material and energy prices, geopolitical concerns, and labor shortages remain critical issues. Notably, 58 per cent of respondents did not experience order cancellations in May, a slight decrease from March. Africa and Europe reported fewer cancellations, whereas the Americas saw higher rates.
Inventory levels remain stable, with North America and spinners showing the highest levels. Brands and retailers continue to hold high inventories, though these are gradually decreasing. The industry’s prolonged negative cycle forces many companies to operate at a loss or with reduced capacity, with no significant turnaround expected in 2024.
Valued at $103.20 billion in 2022, the fast fashion market is projected to reach $291.1 billion by 2032, As per a report by Allied Market Research titled ‘Fast Fashion Market,’ the market will grow at a CAGR of 10.7 per cent from 2023 to 2032.
The fast fashion market is segmented by gender into male and female, by end user into adult, teen, and kid, and by distribution channel into independent retailers, online stores, and brand stores. Regionally, market analysis covers North America, Europe, Asia-Pacific, and LAMEA.
A few of theprominent players in the fast fashion market include Uniqlo Co, Forever21 Inc, The Gap, Inc, Primark, AsosPlc, New Look Retailer, H&M Fashion Nova, LLC, Boohoo Group Plc, and Industria de DisenoTextil, SA.
As per the report, the fast fashion market thrives on the desire of consumers to remain stylish and culturally relevant. Social media amplifies this demand, with influencers and celebrities showcasing fast fashion items, creating aspirational trends for consumers globally. This digital exposure drives the adoption of fast fashion in developing countries, where traditional retail might lag in trend responsiveness.
Developing countries often have a significant youth population that is tech-savvy and keen on adopting the latest trends. Fast fashion appeals to their sense of self-expression and individuality. Additionally, urbanisation and globalisation are reshaping consumer lifestyles, making fast-paced, adaptable fashion more desirable.
Despite its popularity, the fast fashion industry faces criticism for its environmental and ethical impacts. As consumer awareness grows, there is a shift towards more sustainable fashion options. This trend suggests that fast fashion brands might need to innovate and adapt to evolving consumer priorities while maintaining their market position.
SK Sundararaman, Chairman of the Southern India Mills Association (SIMA), emphasized the vision of creating a premium perception for the Indian textile industry at the inauguration of Texfair 2024. Texfair, one of India's largest international exhibitions for textile machinery and accessories, is organized by SIMA.
The 14th edition was inaugurated at the Codissia Trade Fair Complex by 'Ganapathi' Rajkumar, Member of Parliament for Coimbatore, alongside KV Srinivasan, President of ITMF, RakeshMehra, Chairman of CITI, and other dignitaries. The event will run until June 24, featuring 240 exhibitors, including over 75 international participants, showcasing advanced textile innovations.
Tamil Nadu, responsible for 45 per cent of India's spinning capacity and 33 per cent of its textile trade, aims for sustainable growth by continually upgrading technology, adopting cost-effective methods, and focusing on value addition and branding. Sundararaman highlighted the importance of accessing the latest innovations for growth.
MP Rajkumar assured support for addressing the challenges faced by MSMEs and the textile industry in Coimbatore, promising to advocate for them in parliament. He also mentioned the state's readiness to transfer land for Coimbatore airport's expansion to the Airports Authority of India (AAI), emphasizing the project's importance for regional development.
KV Srinivasan, President of ITMF, noted that China was the largest investor in new textile machinery in 2023 but has seen a decline in textile exports post-pandemic due to rising labor costs. He pointed out the opportunities for India, Bangladesh, and Vietnam to increase their apparel exports, particularly with the 'China+1 Strategy' adopted by global brands and retailers due to geopolitical shifts.
RakeshMehra, Chairman of CITI, urged the industry to prioritize sustainability, ESG, and modernization, highlighting the potential for increased exports in the current global scenario.
Yarn Expo Shenzhen 2024 drew its curtains on a successful three-day run, marking the close of South China’s first summer sourcing platform this year. Held concurrently with Intertextile Shenzhen Apparel Fabrics and PH Value, the fair welcomed nearly 20,000 visits from 45 countries and regions.
A thriving marketplace for yarn and fibre
Spanning over 1,600 sqm of exhibition space, the fair showcased over 70 exhibitors across seven prominent zones. Innovation and sustainability were key themes, with a dedicated New Green Fibre Materials zone and insightful seminars on topics like "The Green Innovation of Ternura" and "Interpretation of China Fibres Fashion Trends 2024/2025 – Outdoor Sports.
Messe Frankfurt (HK) Ltd. General Manager Wilmet Shea expressed her delight at the fair’s success, highlighting Messe Frankfurt’s commitment to adapting to the industry’s needs. The strategic move to June provided exhibitors with a fresh opportunity between seasons, while the relocation to Shenzhen’s CBD offered a prime location for fostering connections.
Exhibitors hail positive outcomes
Exhibitors reported a positive experience, with many citing strong buyer interest. Mohsin Ghoniya of Global Tex, India, noted the fair’s effectiveness in reaching the vibrant South China knitting market. Elaine Gu of Shanghai Mingmao Industrial, China, highlighted the growing demand for functional fibers in the lingerie market. Wu Liwei of Jingyi Group, China, observed increased traffic and buyer interest in their signature sustainable yarn products.
Buyers seek innovation and green partners
Buyers also expressed satisfaction with the fair’s offerings. Li Xuan of Shanghai Tong-Jie-Liang Biomaterial, China, was impressed by the focus on sustainability and sought partners with similar green initiatives. Xie Yongxian of Foshan Anxin Fiber Technology Co Ltd, China, emphasized the growing demand for high-performance, eco-friendly, and innovative fibers.
A comprehensive platform for the textile industry
Yarn Expo Shenzhen 2024, held concurrently with Intertextile Shenzhen Apparel Fabrics and PH Value, provided a comprehensive trading platform for the entire textile value chain. The fair’s success underscores its role as a key sourcing event for the South China textile industry.
The recently concluded Intertextile Shenzhen Apparel Fabrics provided a vibrant platform for the exchange of trends, innovation, and sustainability practices amongst key players in the Asian textile industry. From June 5-7, 2024, the Shenzhen Convention and Exhibition Center (Futian) buzzed with activity as nearly 1,000 exhibitors from 11 countries and regions showcased a vast array of garment-related products.
The event attracted close to 20,000 visitors from 45 countries and regions, as per the final report, including dedicated buyer delegations from Malaysia and the European American Chamber of Commerce & Industry. The strong turnout underscored the fair's reputation as a premier sourcing destination for brands, manufacturers, and regional designers.
A hub for business and knowledge sharing
Intertextile Shenzhen offered a comprehensive experience for attendees. The Trend Forum provided valuable insights into upcoming fashion trends for Spring/Summer 2025-26 and Autumn/Winter 2025-26, while fringe events and dedicated display areas like the Sustainability Zone fostered knowledge sharing and exploration of eco-friendly practices.
“The fair has been very effective for international and domestic suppliers to showcase their innovations,” remarked Wilmet Shea, General Manager of Messe Frankfurt (HK) Ltd. “We are pleased to have delivered a business-friendly platform for players across the value chain and provided a stage for experts to share insights.”
Focus on sustainability and technology
Sustainability emerged as a key theme, with dedicated display areas like Eco Trends by Intertextile x Sateri and Functional Sustainability by Intertextile x Idole showcasing innovative approaches. Speakers like Kang Zhang, Technical Manager of Nano and Advanced Materials Institute Limited, emphasized the growing demand for functional and sustainable materials. Raymond Chiu, Senior Research Manager at The Hong Kong Research Institute of Textiles and Apparel, discussed the potential of AI technology in textile recycling.
Knowledge sharing and global reach
Intertextile Shenzhen's seminar venues, Talking Point and Textile Dialogue, offered valuable insights on topics like AI's impact on textiles and upcoming fashion trends. The show floor buzzed with activity as international brands like Club Monaco, Diesel, lululemon, Ralph Lauren, Quiksilver, and ZARA interacted with attendees.
Three international buyer delegations, including representatives from the European American Chamber of Commerce & Industry, Malaysia Knitting Manufacturers Association, and Malaysian Garment Marketers Association, participated in business matching meetings with exhibitors. Over 250 such meetings took place, connecting exhibitors with individual brands and delegates.
Insights from exhibitors and visitors
Exhibitors expressed satisfaction with the quality of visitors and the potential for future collaborations. Wilson Chiu, Managing Director of Yee Fung Hong Ltd (PRO ECUADOR co-exhibitor), highlighted the positive response to their sustainable and unique palm tree seed buttons. Similarly, Jay Hwang, General Manager of SK Tex Co Ltd (Korea Pavilion), appreciated the increased traffic and focus within the dedicated pavilion format.
Visitors also found the experience enriching. Kuan Chee Tan, President of the Malaysia Knitting Manufacturers Association, commended the visa-free entry policy for facilitating efficient sourcing. Dileep Kumar, Director of ExPlus Logistics (member of the European-American Chamber of Commerce & Industry), lauded the diverse offerings and focus on eco-friendly trends.
A successful collaboration
Intertextile Shenzhen Apparel Fabrics, held concurrently with Yarn Expo Shenzhen and PH Value, is a testament to the successful collaboration between Messe Frankfurt (HK) Ltd, Messe Frankfurt (Shenzhen) Co Ltd, the Sub-Council of Textile Industry, CCPIT, and the China Textile Information Center. The event served as a valuable platform for the textile industry to connect, innovate, and navigate the path towards a more sustainable future.
