Scheduled from July 01-02, 2022 at Sheraton Grand in Bengaluru, the Apparel Sourcing Week (ASW) will be attended by over 10,000 brands, retailers, manufacturers, D2C brands, and think tanks from over 15 countries.
To be organized by Apparel Resources, the two-day platform will include 10 seminars, 12 open house discussions, vendor sessions and workshops; accelerator program for start-ups, etc.
It will be attended by popular and established brands from the apparel retail industry such as Shopper’s Stop, Being Human, Tata Cliq, Fab India, ACE Turtle, Amazon (Private Brands), Myntra, Zivame, Clovia, Nykaa Beauty Vardhmann textile, etc.
MayankMohindra, Director, Apparel Resources says, the event will be introduced in a fresh and completely upgraded format to cater to the needs of industry 4.0. The transformation of apparel retail has further accelerated due to the pandemic, he adds.
The event will help industry and businesses to decode the post-pandemic business ecosystem and markets. It will generate productive and effective business opportunities, he adds.
Insightful sessions on pivotal topics such as ‘Reinventing physical retail’, ‘Fashion innovation using AI’, ‘Upcycling – the new frontier for sustainability, ‘Sourcing in times of Industry 4.0’, will be the hgihlights of the event.
ASW 2022 will also take India-Bangladesh collaboration to next level and make South Asia, the global hub for apparel and textile innovations.
Bangladesh apparel industry may face huge losses despite incorporating some initiatives to support businesses if the source tax on export proceeds is doubled as proposed in the fiscal budget for 2022-23, warned RMG exporters in webinar organized by The Business Standard. Exporters argued, a two-fold hike in source tax amidst rising production costs, may add more stress on already ailing businesses. It may compel garment factories to shut down, the exporters added.
The webinar was attended by Mohammad Hatem, Executive President, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), and Fazlul Hoque, Managing Director, Plummy Fashion. It was moderated by Sharier Khan, Executive Editor. The Business Standard
Hoque said, rising product costs may lead to buyers from America and Europe buying fewer products from Bangladesh exporters. It may also lead to future recession, affecting the exporters’ production costs. He urged the government to consider the issues judiciously. Terming the move as a big blow to export trade, Hatem said, the proposal has overshadowed many other good aspects of the budget.
He alleged, Bangladesh taxation system is not conducive to investment and business. That is why exporters are unable to attract foreign investments despite efforts. The two entrepreneurs, however, hailed the continuation of export cash assistance.
They said, although orders for garments products from the main export destinations of the country are declining due to inflation and recession, there is a possibility of orders being diverted from China to Bangladesh in future. Hatem urged the authorities, including the NBR, to be business friendly in capturing these possibilities.
Latest data from China Customs shows, China’s spandex imports declined 7.4 per cent or 853 tons Y-o-Y to 10.6,000 tons during January-May period. Exports declined 15.8 per cent to 24.4000 tons on annual basis. Imports of spandex touched bottom in Feb and gradually increased, while exports of spandex kept falling month by month. Net exports also tended to decrease.
As per a CCF Group report, exports of spandex decreased 13.4 per cent Y-o-Y to 35.1000 tons in the January-May, 2022 period. The average export unit price increased to $9.007/kg during the period. Exports of spandex reduced month by month during January-May, 2022. Although production of textiles and apparels recovered in Vietnam and India etc, replenishment of spandex dropped with rapidly declining spandex price. Spandex exports were especially low in May, at 5,417 tons, down 8 per cent M-o-M and 30.2 per cent Y-o-Y respectively, and the average export unit price at $8.715/kg, up $0.187/kg.
Spandex was exported to 91 nations or regions in Jan-May, 2022, flat on the month. Turkey remained the biggest export destination, followed by South Korea and Vietnam. The proportion of the top three nations amounted to 46.5 per cent of the total.
Exports to Brazil, Columbia, Bangladesh, Egypt, Taiwan, China and India all decreased by 30-70% on annual basis, down by 451-1,532 tons on the year. Vietnam, Singapore and South Korea remained major import origins of spandex, with proportion of these three nations as high as 80 per cent in January-May.
Imports from Vietnam rose by 11.5 per cent to 5,038 tons, those from Singapore reduced by 12.7 per cent, and those from South Korea and Japan apparently dropped by 15.1 per cent and 23.5 per cent Y-o-Y respectively.
Iran’s apparel exports increased 61.4 per cent to $113 million in the last Iranian year spanning March 2021-22 compared to $70 million worth of garments exported the year before, informs Majid Nami, Head-Board of Directors, Iran Apparel and Textile Production and Exports Union.
Iraq, Afghanistan, the littoral states of Persian Gulf as well as Central Asian countries emerged the major export destination, adds Nami. The strict sanctions imposed on Iran, makes import of raw materials, production lines and required machinery difficult and expensive. Hence, Iran has not been able to boost the quality and volume of its apparel exports and lower the end prices, Nami adds.
Known for its dedication to local manufacturing and timeless denim pieces, Nobody Denimhas re-introduced menswear after debuting its winter collection at Melbourne Fashion Festival this year.
The entire range is focused on mid-rise cuts, made with dull antique and nickel hardware, with handmade whiskering and brushing for that authentic vintage look, entire process, including sewing, washing and finishing, is completed at the Fitzroy factory.
The collections can be styled with jumpers, jackets, tees or coats, and fall to an ideal length. As the styles boast a classic look and are made to stand the test of time, they’re the ideal staple for not only this winter, but all seasons to come.
Founded by the Condilis brothers l in ’99, Nobody Denim initially outsourced fabric and cultivated designs in the back streets of Melbourne.
By focusing on quality materials and adhering to customer needs, the brand quickly grew to establish a strong following across the country to sustainability and accredited with Ethical Clothing Australia, meaning employees are paid fairly and work in a safe environment.
Nike has announced plans to permanently exit the Russian market, and will not reopen stores shut after Moscow started a military campaign in Ukraine.
As per a First Post report, the US sports apparel giant is among a growing list of Western companies -- including McDonald's and Starbucks -- that decided to pull out of Russia over Ukraine.
Nike added that its website and app will no longer be available in the country.
Last month, Nike said it will not be renewing licensing agreements with Russian retailers.
Russia's President Vladimir Putin ordered troops into pro-Western Ukraine on February 24, triggering unprecedented sanctions and sparking an exodus of foreign corporations including H&M, Adidas and Ikea.
Work on Kitex’stwo facilities– one in the Kakatiya Mega Textile Park at Warangal and the other at Sitarampur near Hyderabad– is going on as per plan.
By 2025, both the factories will be in full swing and will have production capacity of combined 2.4 million pieces per day. The existing capacity of the company is 8 lakh pieces per day capacity in Kerala.
Sabu Jacob, Managing Director, says, the company will overtake China to become the world largest infantwear manufacturer once both facilities produce to capacity. Together, both sites will create 22,000 direct jobs and 25,000 indirect jobs
The company would produce new items also like children’s socks, and sleepwear made of fleece, which has been a Chinese monopoly so far. Importantly, it is also adding eight new clients –in addition to increasing supplies to existing customers.
The first phase of the production at Kakatiya will begin in January 2023.The unit will produce to full capacity by January 2024.
More than 100 shows are to be held during the Moscow Fashion Weekbesides talks from some of the Russian fashion industry's biggest names.
Among the attendees are SlavaZaitsev, ValentinYudashkin, AlenaAkhmadullina and Julia Dalakian, as well as many newcomers.
The fashion week comes less than four months after wide-ranging sanctions were imposed on Russia, including hundreds of foreign companies pulling out of the country.
French conglomerate LVMH has temporarily closed 124 stores in Russia, while continuing to pay its 3,500 employees.
The Spanish group Inditex, which owns the fast-fashion chain Zara, also temporarily closed 502 stores in Russia as well as its online sales.
Not content with just closing its shops in Russia, fashion brand Chanel has moved to prevent Russians from buying its clothes, perfumes and other luxury goods abroad.
Officials claim the situation opens new opportunities for Russian entrepreneurs but some fashion designers are more skeptical.
Russia’s fashion sector is strongly dependent on imported goods. Most clothing and accessories are bought from imported brands.
OlesyaShipovskaya, Founder, Lesyanebo, says, her brand’s collections are made entirely of foreign materials. There is nothing Russian except for the team. Everything else, from fusible (materials) to any button, any trim, sewing machines, is imported. Her brand is popular not only in Russia but also abroad, worn by Gigi Hadid, Natalia Vodyanova and Eva Chen.
The sales of her clothing brand have increased recently, so she is optimistic about the future.Skalatskaya believes that only hard work can help Russian designers survive in the new reality.
LinkedIn has recognized PVH amongst top workplaces for professionals across nine industries
This ranking reflects company’s values and its organizational structure. PVH has always strived to support talented individuals who embrace different perspectives and backgrounds to help it win as a leader in the fashion industry. Guided by the PVH+ Plan, it is grateful to its associates for connecting the company closer to where the consumer is going and contributing to the growth of its iconic brands, Calvin Klein and Tommy Hilfiger, PVH said in a media release.
PVH earned this ranking due to its strength across employer performance categories determined by LinkedIn. Its nine inclusion and diversity commitments support an inclusive workplace environment where every individual is valued, and every voice is heard. The goal is for PVH associates to reflect the diversity of its consumers in communities around the world where they live and work, and to create opportunities for women and underrepresented populations. It has targeted achieving gender parity globally in all leadership positions at the SVP level and above by 2026.
All associates have access to PVH University, a comprehensive collection of live events and self-guided courses focused on professional development. It is certified as a Great Place to Work based on associates’ positive survey feedback.
Other performance categories included external opportunity in recruitment and variety of educational backgrounds among associates. Crafted by the LinkedIn News Team, LinkedIn Lists celebrate the people and companies making an impact in the professional world.
A retailer of sports and outdoor wear, JD Sports Fashion Plc’srevenue increased to £8.563 billion from £6.167 billion, with gross profit increasing to 49.1 per cent from 48 per cent.
The company’s profit before tax increased to £654.7 million from £324 million in the previous year, during the 52-weeks ending January 29, 2022.
The Sports Fashion retail chains in the United Kingdom and Republic of Ireland, as well as North America, delivered strong results in the previous year, though Europe and Asia-Pacific were challenging.
Outdoorwear garments returned to profitability thanks to increased demand for vacations, with a profit before tax and exceptional items of £25.9 million.
The result demonstrates the company’s capacity for growth in both existing and new markets, and the strength of its global proposition and consumer engagement in store and online, says Helen Ashton, Interim Chair, JD Sports.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Viscose transforms from ‘Artificial silk to sustainable innovation
Viscose, often dubbed ‘artificial silk’ earlier, has a long and complex history in the textile industry. A regenerated cellulose fiber,... Read more
Rethinking Textile's Future: Innovations in sustainable fibers and circularity
The textile industry is increasingly focusing on natural fibers and circularity, with new research and initiatives pointing towards a more... Read more
IHKIB hosts successful ‘Turkish Apparel Industry’s Transformation Journey’ event…
Customs Union modernisation key to EU competitiveness Mustafa Gültepe, Chairman of the Turkish Exporters Assembly (TIM) and Istanbul Apparel Exporters’ Association... Read more
Where do your old clothes really go? Unraveling the secondhand clothing journey
The fate of our old clothes is often shrouded in misconception. A widely held belief suggests that most donated garments... Read more
Theory of Constraints, weaving success in global apparel and textiles sector
In the fast-paced, ever-evolving world of fashion, apparel, and textiles, efficiency and agility are paramount. The Theory of Constraints (TOC),... Read more
Gartex Texprocess India 2025 Mumbai edition draws record crowd, sparks industry …
Gartex Texprocess India 2025 concluded with a record-breaking turnout, reaffirming its importance as a key sourcing and technology platform for... Read more
LuxExperience: How the Mytheresa-YNAP merger will reshape online luxury retail
The digital scenario of luxury retail has irrevocably altered with the successful completion of Mytheresa's acquisition of Yoox Net-a-Porter (YNAP)... Read more
US Apparel Imports: Scenario changes subtly as China's dominance reduces
For years, China reigned supreme as the undisputed king of US apparel imports. While still the largest supplier in aggregate... Read more
US Apparel Imports: Scenario changes subtly as China's dominance reduces
For years, China reigned supreme as the undisputed king of US apparel imports. While still the largest supplier in aggregate... Read more
Built to Break: Is our ‘waste problem’ just a design flaw?
The air in numerous pockets of the country hangs thick with the stench of discarded refuse, a stark testament to... Read more
