Denim brand Soorty has teamed up with Lenzing to launch Reload in Blue, a collection of elevated loungewear styles that make soft denim suitable for home wear. As per a Sourcing Journal report, the collection offers Zoom-appropriate athleisure sets and sleepwear alternatives made of denim. It combines the companies’ commitment to limiting their environmental footprint. It includes Lenzing’s environmentally responsible and biodegradable fibers as well as the LEED-certified production methods of Soorty’s vertically integrated infrastructure.

Fabrics in the collection are made with Tencel Lyocell, a certified fiber produced from sustainably sourced wood using closed loop and environmentally responsible processes. Lenzing provides physical identification for every Tencel branded fiber with its fiber identification technology, assuring brands and consumers that the raw materials it uses originate from responsible resources.

Designed in New York and produced in Karachi, Pakistan, the collection is now available for view at Soorty’s newly opened SpaceD showroom in New York’s Flatiron District. The space serves as a meeting location for brands and sustainably minded individuals to connect and accelerate progress towards a sustainable denim sector.

Hanesbrands has raised its revenue targets for 2024. The company expects to surpass the $8 billion revenue mark by this year, from prior goal of $7.4 billion. It expects sales at Champion brand to reach $3.4 billion for the same time period. In addition, it expects to have a cumulative three-year free cash flow of about $1.6 billion by 2024.

Hanesbrands’ revenues from activewear segment continue to increase year-over-year despite the pandemic. As per a Woman’s Wear Daily report, its total activewear sales increased 11.4 percent, or $46 million, during the quarter, year-over-year. For the full year, activewear sales rose nearly 42 per cent to nearly $1.7 billion. The firm logged more than $60 million for the quarter, or $77 million for the year. Hanesbrands’ global sales of innerwear remained roughly flat in the last three months but continued to be dominated on the strength if men’s, women’s and children’s divisions, as well as socks. Its, overall innerwear sales fell in 2021, compared with prior year, on account of HanesBrands’ decision to exit the PPE category early last year.

Steve Bratspies, CEO says, the company is implementing a three-year, $600 million stock repurchase program based on its confidence in future growth. It also plans to sell its US Sheer Hosiery business for an undisclosed amount. The transaction is part of the group’s continued efforts to focus on areas of the business with the greatest growth potential.

Muhammad Ayub, President, Bangladesh Cotton Association says, stakeholders in the Bangladesh’s garment industry and the concerned ministries need to take various steps to clear current container backlog and ship congestion. They need to consider roads and railways as means of import alongside the shipping routes. Stakeholders also need to make efforts to ensure supply of cotton through diplomatic contacts and trade cooperation agreements with various cotton producing countries, says Ayub. They need to focus on global cotton production, use, etc by forming a high-powered committee of Bangladesh Cotton Association, Bangladesh Textile Mills Association, Bangladesh Garment Manufacturers and Exporters Association, Bangladesh Knitwear Manufacturers and Exporters Association and the ministries of textiles, commerce, agriculture and foreign affairs, he adds.

Currently, Bangladesh imports cotton from different West African countries besides Australia, Brazil and the United States. According to the data provided by the International Cotton Advisory Committee, global cotton production increased 9 per cent in 2020-21, while its consumption increased by 20 per cent. Moreover, freight rate increased 3-4 times when international trade reopened after almost coming to a halt due to the COVID-19 pandemic. All these factors contributed to the increase in cotton price in the international market.

The real turnover of Germany’s textile and clothing retailers increased by 0.7 per cent in 2021 while their nominal turnover increased 2,9 per cent., show provisional results of the Federal Statistical Office (Destatis). Retail turnover of textiles, clothing, footwear and leather products, declined during the year as compared to 2020. In December 2021, real turnover of Germany’s retailers declined 5.5 per cent while the nominal turnover declined by 4.9 per cent over the November figure after calendar and seasonal adjustment.

The first provisional results reported are thus within the estimated intervals, said Destatis.