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Despite first-quarter sales being impacted by lockdowns in Greater China, Adidas maintains its goals for 2025, says Kasper Rorsted, CEO. Rorsted says, sales may drop in double digits in 2022 as markets are unlikely to recover soon. However, it is expected to grow robustly in future. Russia-Ukraine war has not impacted consumers’ buying behavior, adds Rorstted.

A German multinational corporation, Adidas AG is headquartered in Herzogenaurach, Bavaria. It designs and manufactures shoes, clothing and accessories. It is the largest sportswear manufacturer in Europe, and the second largest in the world, after Nike. It is the holding company for the Adidas Group, which consists of the Reebok sportswear company, 8.33 per cent of the German football club Bayern München, and Runtastic, an Austrian fitness technology company.

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Revenues of the Vietnam National Textile and Garment Group (Vinatex) surged by 144.2 per cent Y-o-Y i to over 5.15 trillion VND ($224.26 million)in Q1FY22. The association recorded a pre-tax profit of 376.7 billion VND ($16.4 million) during the quarter.

The association’s revenues from the textile industry increased by 139 per cent, while revenues from the garment industry rose by 167 per cent over the same period last year.

Cao HuuHieu, General Director, Vinatexattributes the growth to the sound control of COVID-19, enabling businesses to deliver the orders they received from 2021 and accept more orders, along with stable prices of cottons and labour cost, a news agency reported.

This year, Vinatex plans to speed up digital transformation to improve its operating efficiency, he says.

Vinatex has completed 63 per cent of its yearly target in textile production, while its garment has recovered to the same situation as the pre-pandemic period, adds Le Mac Thuan, General Director, Vinatex

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Italian manufacturer of knitted fabrics for apparel, underwear and sports, Innova Fabricshas incorporated Roica™ by Asahi Kasei, the Japanese leader of premium stretch fiber, in its new responsible line RF (Residual Free).

Roica ™ V550, part of the Roica Eco-Smart™ family, is the premium, sustainable stretch yarn that degrades without releasing harmful substances into the environment, according to the Hohenstein's environmental certification. Roica V550 also carries the Gold Level Material Health certificate from the Cradle-to-Cradle Product Innovation Institute, which evaluated the yarn's impact on human and environmental health.

The strong relationship established between Innova Fabrics and Roica™ by Asahi Kasei is a long-standing one: from the very beginning, the textile company chose Roica as its main reference for premium stretch, using RoicaColour Perfect™ in most of its articles.

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Pakistan’s textile and garment exports grew by 25.43 per cent Y-o-Y in value to $14.242 bilionin the first nine months of fiscal 2021-22, as per the data from Pakistan Bureau of Statistics.

Knitwear exports by the country surged by 34.12 per cent Y-o-Y to $3.729 billion during the nine-month period, while exports of non-knit readymade garments increased by 26.24 per cent to $2.863 billion.

Bedwear exports increased by 19.33 per cent to $2.448 billion during the nine-month period

Pakistan’s cotton yarn exports increased by 25.97 per cent to $908.487 million in July-March 2021-22, as against exports of $721.216 million made during the corresponding period of 2020-21. Exports of cotton fabric also rose by 26.51 per cent and were valued at $1.795 billion during the period under review.

On the other hand, synthetic fibre imports surged by 27.51 per cent year-on-year to $562.281 million, while imports of synthetic and artificial silk yarn rose 30.10 per cent to $650.219 million during July-March 2021-22.

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Industrial Fabrics Association International (IFAI) has included Upholstery & Trim International Council (UTIC) and its members into the association. The association comprises manufacturers and distributors of fabrics and accessories for applications in the automotive, marine, industrial and contract markets.

According to Brian Joyner, Chairman, UTIC, the council aims to protect and advance the interests of businesses providing aftermarket products and services to all their markets. UTIC educates, informs, serves, and provides networking opportunities for companies that manufacture or distribute interior and exterior fabrics, associated hardware and other specialty products.

UTIC’s annual convention focuses on building relationships between the premier trim wholesalers and exhibitors in the auto industry. This year’s UTIC Convention is scheduled for November at the Westgate Las Vegas Resort and Casino.

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Footwear has been excluded from the 1,157 products included in the India-UAE Comprehensive Economic Partnership Agreement (CEPA), finalized on May 1.

According to FAQs prepared by the Commerce Ministry on the pact, the CEPA is likely to benefit about $26 billion worth of Indian products subjected to 5 per cent import duty by the United Arab Emirates.

The pact has also stringent product-specific rules of origin that reflect the requirement for substantial processing. The certificate of origin, a key document required to avail the duty benefits under the pact, will be issued by the UAE ministry of economy to prevent circumvention of the rules of origin criteria.

The agreement has built-in protection to ensure that no third country product enters Indian market through the UAE and benefit from concessional tariffs without being substantially transformed, the FAQ document added.

The agreement is operationalized and implemented through a joint committee, which would meet biennially to review the agreement to consider additional measures to further enhance the pact.

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Denim is still a favorite amongst shoppers despite the recent rise in demand for loungewear, shows recent data by size and fit platform True FitThe data was culled from over 90 million active registered consumers while shopping across the platform’s network of retail partners between December 2020 and December 2021.

The survey report names, Bode quality, the omnichannel shopping experience launched by Old Navy in August 2021 as consumers’ favorite-fitting brand overall and consumers’ favorite-fitting brand in the U.S.

Bode quality provides consumers a more inclusive shopping experience online and in stores. The merchandising strategy is carried into Old Navy’s website, which has aimed for “less size segmentation to give fluid buying journeys to all shoppers, whichever size they wish to buy.”

True Fit stated that the retailer’s inclusive women’s size range (0-30 and XS-4X) arrives as demand for plus-size fashion rises in the U.S.

Old Navy’s new FitsYou 3-in-1 denim also addresses fit and size fluctuation, which has become a hotter topic as consumers order more online and update their closets to fit their post-pandemic bodies. The high-rise skinny jean is offered in sizes 0-00, 2-6, 8-12, 14-18, 20-24 and 26-30. Additional features include a contoured extra-high-rise waistband and “secret-smooth” front pockets that provide a slimming effect.

American Eagle, which did $2 billion in Q4 denim sales, ranked No. 3 in the U.S. Recent collections centered on loose fits, comfort stretch and authentic washes have drawn attention from older audiences outside of their comfort zone with a teen specialty retailer.

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Adidas AG and Foot Locker have expanded their partnership.

In a joint announcement released by the Herzogenaurach, Germany-based athletic brand and the U.S.-headquartered retail chain, the companies attributed product innovation, elevated experiences and deeper consumer connectivity as the impetus for the enhanced partnership. According to the new agreement betweenthe two companies Foot Locker will be the lead partner for Adidas in basketball. It will also include “hype launches” and the development of key franchises in women’s and children’s, as well as apparel among other initiatives.

Spanning all Foot Locker banners in North America as well as Europe, the Middle East and Africa and the Asia Pacific regions, the strategic partnership aims to reach more than $2 billion in retail sales by 2025, nearly tripling last year’s figures. This year, Adidas expects to generate up to €100 million, due to the new partnership.

Last year, the global market for athletic apparel generated about $193 billion in revenue. These revenues are expected to grow to $270 billion by 2028, according to Statista.

Kasper Rorsted, CEO, Adidas, says, the brand is strengthening the partnership as it continues to execute its ‘Own the Game’ strategy.” With 61,000 employees globally, Adidas generated €21.2 billion in sales last year.

Richard Johnson, Chairman and CEO, Foot Locker highlights, how the “close partnership” will result in the retailer bringing “consumers even more unique, pinnacle products from iconic brands,” while accelerating its push into apparel and attracting more customers.” With about 2,900 stores in 28 countries, Foot Locker Inc.’s portfolio includes Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Atmos, WSS and Sidestep.

Jerry Lorenzo, Founder and Designer, Fear of God will lead the Adidas basketball range at Foot Locker. Lifestyle and performance products will be in the mix including exclusive designs, as well as key Originals franchises like NMD, Superstar and Stan Smith. Foot Locker will also have an integral role in the launch of Adidas’ new sportswear product division that is geared more for lifestyle shoppers than hard-core athletic ones.

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Bangladesh’s apparel exports to the US grew in terms of both value and volume during the first quarter of 2022.

Bangladesh’s RMG exports to the US surged by 62.23 per cent Y-o-Y to $2.47 billion during Q1FY’22, according to OTEXA, an affiliate of the US Department of Commerce.

The country's apparel exports also sustained a 50.12 per cent growth in terms of volume to 909.25 million square metres during January to March, up from 605.68 million square metres during the corresponding period of 2021.

Despite the COVID-19 pandemic, Bangladesh exports apparels worth $7.14 billion to the US in 2021, keeping the market as its single-largest destination without any duty preference.

The 2021 RMG exports also surpassed those of the pre-pandemic level in 2019, when Bangladesh earned $5.92 billion.

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Biancalani has launched two machines that offer solutions for difficulties faced during textile finishing process.

The first of these is the IDRA, a combined modular washing and milling machine. This textile finishing machine with independent channels is designed to independently wash and mill woollen fabrics of different compositions.

In the different IDRA channels it is possible to load fabrics of varying composition, width and weight because the parameters used in each individual channel do not influence those of the others.

The greatest innovation is that each channel is completely independent, so each will complete its pre-programmed cycle automatically, while the others will continue to operate until their own milling cycle reaches its conclusion, allowing the milling of woollen fabrics with different weights independently.

The other machinery is MILLA a combined washing and milling machine. Both machineries created by Biancalani Textile Machinery are milestones of woollen fabric manufacturing. In this short video we show and explain you how our combined washing and milling machine MILLA works.

IDRA and MILLA are equipped with an air-jet device – patented and constantly innovated by Biancalani – that ensures the absence of creases and permanent strains in the fabric. In addition to this, milling time has been significantly reduced with special attention to limit consumption and thus preserving the environment.

Furthermore, IDRA & MILLA can be used both for heavy fabrics and lightweight articles manufacturing, ensuring a deep milling action on the first and a safe one on delicate fabrics. Obviously, the milling step is at the core of wool manufacturing and thus of what we see in big brand stores. Nowadays, brands are attentive to details and their motto is “always demand the best and never settle for anything less.

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