In the recent past, you have wished and been wished a happy new year. When was the last time someone wished you happy new product? In case you have to stretch your memory about your last new product launch, chances are your products are dated! Let’s take a sock manufacturer as an example. Say, they have been happy with their business as the local market they have been supplying to has been kind to them. Business is steady and profits are healthy. They are unlikely to innovate, presumably somewhat oblivious that they are indeed part of the booming worldwide socks market. As retailers and e-tailers look for fresh new products to woo their customers, this sock manufacturer is likely to take a back seat. On the global scene, the socks market is one of the fastest growing segments of the apparel industry with a compound annual growth rate of 8.5% at present. By 2023, the global socks market is estimated to be worth around the $11.6 billion mark. Specialty socks, athletic s... Read more
Pinakin Chaubal holds Master’s degrees in Management and Textile Engineering. He has been a long time assessor for NATA ISO 17025 laboratory accreditation and has contributed to the review and drafting of several Australian, Joint Australian / New Zealand and International Standards on textiles, clothing and footwear. Global brands like H&M, Zara and most others are getting settled in India at an unprecedented rate. In fact, it’s more a case of who hasn’t entered the zoo, rather than who has. Global selling platforms like amazon.com have been successfully wooing Indian suppliers. Historically price sensitive apparel products like inner ware are moving to brand sensitive categories in the minds of local consumers. Now where does all this leave your product? At the centre stage! In this competitive market, if your product does not take the centre-stage, it will lag, struggle for a while and may eventually suffer from severe competitive arrest. Brand ma... Read more
Record participation and global growth The 40th edition of Milano Unica, the premier high-end textile and accessories trade show, concluded with... Read more
Dhaka hosts 6th edition of SAF The 6th Sustainable Apparel Forum (SAF) concluded successfully in Dhaka, reinforcing Bangladesh’s commitment to responsible... Read more
The 2nd edition of Bharat Tex 2025-Handicrafts will take place from February 12-15, 2025, at the India Expo Centre &... Read more
The 37th Garment Technology Expo (GTE) 2025 will take place at the India Expo Centre and Mart, Greater Noida, alongside... Read more
A recent price comparison study by the Confederation of Indian Textile Industry (CITI) highlights significant cost competitiveness challenge for Indian... Read more
Brexit has prompted the UK to seek new trade partnerships globally, and a potential Free Trade Agreement (FTA) with India... Read more
N D Mhatre, Director General (Tech) of ITAMMA, emphasized the importance of artificial intelligence in the digital era. Speaking at... Read more
Intertextile Shanghai Apparel Fabrics - Spring Edition 2025 is set to spotlight sustainability and innovation, with over 3,000 exhibitors spanning... Read more
Spring Fair 2025 concluded its 75th edition at NEC Birmingham, bringing together over 38,000 retail buyers and industry professionals. The... Read more
The Lyst Index, a quarterly ranking of fashion's most coveted brands and products, has released its highly anticipated report for... Read more