The pandemic has created immense opportunities for Chinese luxury fashion with European brands opening new stores, expanding digital operations and boosting e-commerce activities in the country. According to Maura Maggioni, CEO-Asia Pacific, Golden Goose, China houses the entire world’s purchasing capac... Read more
Driven by technological innovation and sustainability, the Italian hosiery sector is growing at a robust pace even in the midst of the global pandemic. As per a Knitting Industry report, pandemic has increased the sector’s sustainability awareness and its use of eco-textiles. Alessandro Gallesi, Preside... Read more
The bull run that the Chinese textile and apparel industry experienced from November 2020 lasted until March 2021. However, by mid-M arch, the Chinese market started gradually weakening as in 2020 the US retail market struggled with inventory stabilization and recovery. US’ imports of textiles and appa... Read more
In the webinar titled ‘The Perfect Storm: Future-Proofing Your Fashion Business’, Michael Ho, Marketing & Brand Partnerships Manager, Zalora, described 2020 as a year of expansion. The webinar was a part of the three fashion-related webinars hosted by the Online HKTDC International Sourcing Sh... Read more
It’s said, winners seek opportunity in every adversity. So, when 2020 forced retailers to shut physical stores, Laura Pianazza, Founder, Denimazing, came up with a unique idea of launching an online platform for facilitating B2Bb/B2C sales of denims. Denimazing, the platform is a combination of two wor... Read more
From production of basic wear, the Bangladesh and garment industry is fast transforming into a manufacturer of sophisticated garments aided by high-end technologies. A large part of this growth is being led by the denim industry, says a Denim Focus report. Already a reputed name in the world denim market, Ba... Read more
The ban on Xinjiang cotton has shifted apparel brands’ attention to Uzbek cotton as well. As Apparel Insider report, huge tracts of land in Uzbekistan are being transferred to private operators for cotton cultivation. However, this has left many farmers destitute and poor. Farmers in the country are bei... Read more
The pandemic has brought profound challenges for the global luxury goods industry. As per a Bain & Company report, luxury goods sales fell to $331 billion in 2020. They are expected to reach 2019 levels only 2022-end or early 2023. A Forbes report estimates 2021 to be a year of transition for the luxury f... Read more
Nearly all governments across the world have announced fiscal stimulus packages for their economies to recover from the effects of COVID-19. However, the proportion of funds allotted for sustainability initiatives in these packages is much lower than those announced during the Great Recession, says a report b... Read more
Ready To Show & Virtual Fashion Tour, Italy the duo virtual concurrent events were concluded successfully recently. Held between March 16-19, 2021, the virtual events, first of its kind, were aimed at giving international apparels, accessories, textiles and leather manufacturers direct access for so... Read more
In January this, year, USTR announced plans to indefinitely suspend Section 301 tariffs on certain luxury goods from France. This was in response to the discriminatory digital service tax levied France on certain US digital companies. A report by the Fashion Law terms this tax as being inconsistent with the p... Read more
The 7th ITMF Corona Survey brings some cheer to the textile industry. The survey reveals the turnover of global textile companies declined 9 per cent in 2020. However, this decline is significantly better than the expected drop of 33 per cent in 3rd survey conducted at the peak of Corona wave in April 202... Read more
COVID-19 changed public consumption patterns across the world last year. As per Indonesia’s industry ministry, consumption of textile and apparel products (T&A) declined to -8.8 per cent on an annual basis during the year. And as Redma Wirawasta, Secretary General, Association of Indonesian Fiber an... Read more
Despite being known as the green fiber of the 21st century, prices of lyocell’s prices increased only 6 per cent in January-February 2021 period, while prices of most other fibers increased over 30 per cent. As per a CCF Group report, one reason for this is the slackness in demand due to China’s L... Read more
The pandemic caused a seismic shift in fashion retail last year and retailers expect this change continue in future. Figures from UK’s Office of National Statistics show, fashion sales plunged 75.7 per cent and 49.3 per cent in March and April last year. By the end of the year, clothing sales declined a... Read more
To tide over disruptions like COVID-19 and become future-ready, fashion companies need to align themselves to new trends, says a new survey by IMD’s Center for Future Readiness. Pointing to the latest financial results of footwear and apparel brand Nike, the survey highlights its sales growth to $10.36 ... Read more
With lockdowns increasing demand for activewear, there has been 80 per cent rise in use of recycled polyester since 2019, says a report by The Gaurdian. A recent McKinsey & Company survey also finds a 151 per cent rise in search for sustainable activewear while 67 per cent consumers were seen scouting for... Read more
For years, Bangladesh reigned as the world’s most preferred apparel sourcing destination. However, a 2019 survey published by the Chief Procurement Officers of McKinsey & Company had highlighted Vietnam’s rising power in world apparel market. Titled ‘What’s next for Bangladesh&rsqu... Read more
Textile machinery manufacturer, Marzoli India plans to relocate its India assembly line from Hosur to Coimbatore. Incorporated in October 1994 in Bengaluru, Marzoli India’s parent company Marzoli International has over 170 years experience in manufacturing spinning machines. It was established... Read more
A big relief for the industry suffering from COVID-19 induced slowdown, this year’s CHIC Shanghai recorded over 88,000 visitors during the three days starting from March 17-19, 2021. Held at the National Exhibition and Convention Center NECC, CHIC Shanghai was attended by 905 exhibitors, 932 brand... Read more
The pandemic has changed the age old, shabby and worn out image of secondhand fashion and encouraged young Indian fashionistas to embrace pre-worn or used clothes. A report by The Times of India shows, Indian market for secondhand clothes is expected to grow 185 per cent over the next 10 years with many globa... Read more
In recent times, many brands have either launched new plus size ranges or expanded existing size ranges. Yet, only a few have been able to sustain their offerings due to outdated marketing styles or sizing issues and more, says a report by the Business of Fashion. Coresight Research estimates plus-size ... Read more
Fashion retail markets across the world were under severe stress even before the COVID-19 crisis. A new KPMG report ‘Covid-19: Mitigation strategy for Indian textile and apparel sector’ highlights issues like deep discounting and damp consumer sentiments were already threatening the future p... Read more
All’s not well with the Chinese fashion industry. While sales of luxury brands like Dior, Chanel and Louis Vuitton are surging rapidly, fast fashion brands like Gap are being compelled to shut shop due to lack of business. As per a Bloomsberg report, Old Navy has decided to pull out of Chinese market du... Read more
A sector that has benefitted immensely from the pandemic-induced lockdown and movement curbs in India is the e-commerce sector. Convenience of online shopping is encouraging many to move to digital platforms not just in metros but also in Tier II cities and beyond. As per a Live Mint report, consumers are fas... Read more
Superior quality fabrics and better experience in making high-end apparels are helping Vietnam outperform Bangladesh in apparel exports to the European Union and United States, says a Daily Star report. A 2020 research by the Centre for Policy Dialogue (CPD), notes, Vietnam fetched $2,157.90 for 100 kg ... Read more
‘Retailers need to inform customers about the category of masks they are selling’
Bobby Arora, Director, Status Quo
“We wait for customers to come into our stores. At this moment it is important for every offline retailer to reach out to their customers and tell them about the new products they have started selling. They need to tempt and bring their customers to buy their product and when they buy they will obviously come in and buy more products. Sometimes even though we do not want to buy online but the continuous rotation of ads tempt us to buy the product but this doesn’t happen offline. In today’s situation retailers will have to adopt this approach of showing customers the products they need as it could be they are delaying the purchase of these products.”
Read Full Interview Here
“China’s superiority may remain unchanged even after COVID-19”
“Discount retailers and value-oriented brands stand to win”
“Deferral of some duty payments and import fees would provide needed liquidity”
‘Don’t use this opportunity to stitch up suppliers’
“Crisis presents opportunities, and we will be ready to act on those that make good strategic sense”
“Coronavirus lockdown has changed our lifestyles in ways that make buying new clothes particularly irrelevant”
‘India can take advantage of this situation and increase its textile exports’
“Buyers and Sellers should plan together to see how they can sustain”
‘We need to learn from this crisis and push ourselves to be self-dependent’
‘There is an opportunity for India as everyone will look for an alternative source’
‘Future apparel sale will depend on the sentiment that prevails after COVID-19’
“I do not think any country is equipped to replace China including India”
‘Once the country opens up, we will face severe worker issues’
In short to midterm, it would impact as there’s disruption in global supply chain
‘Once everything normalizes there will be a big momentum’
Spurring the biggest economic contraction since World War II, COVID-19 has hit every sector from finance to hospitality. Its discretionary nature makes the sector particularly vulnerable, say McKinsey... Read more
Top global brands/retailers have been flocking to Bangladesh for the quality of denim products at competitive prices. A new relatively new entrant in denim, Bangladesh expects strong demand for their ... Read more
Even before COVID-19 pandemic, most Western brands and retailers were struggling to survive. In the new millennium, brands and retailers increased their reach to new geographies by opening more and mo... Read more
Even as brick-and-mortar shut down, fashion firms can position themselves for recovery when the COVID-19 pandemic fades, says a McKinsey study. However, to achieve these objectives, firms need to firs... Read more
CANCEL the shipments, is not the right word at the moment, perhaps to HOLD could be more reasonable. Brands should stand by their commitments as their orders are already in process. This is the only ... Read more
ITMA has announced it will continue to present and share innovative manufacturing technology and materials with the industry at its 19th edition in Milan.... Read more
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
In conjunction with MEX Exhibition, Messe Frankfurt Trade Fairs India will hold Gartex Texprocess India as a hybrid event. The event will scheduled alongs... Read more
Kornit Digital reported revenues of $57.4 million in its third quartercompared to $47.3 million, net of $2.4 million attributed to the non-cash impact of ... Read more
To be held from March 9 to 12, 2021, FESPA Global Print and European Sign Expo 2021 are attracting a good line-up of exhibitors who are enthusiastic to en... Read more
Following the Spring Edition of Yarn Expo at the National Exhibition and Conven... Read more
Pakistan Readymade Garments Manufacturers and Exporters Association(PRGMEA) has... Read more
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
LNJ Bhilwara Group Company RSWM has been praised by the ministry of industries ... Read more
An initiative from Field to Closet is making the concept of American grown and ... Read more
Wrangler®, a global icon in jeanswear and casual apparel, has launched a ne... Read more
All Pakistan Textile Mills Association (APTMA) has warned that any distortion i... Read more
A Luxe Digital study has ranked Gucci the most popular brand online for the fou... Read more
Chip Bergh, CEO, Levi’s feels, the world is entering into the early stage... Read more
To achieve its target of 100 per cent renewable electricity, Shahi Exports is taking various st... Read more
Leading retailers MUJI and Flying Tiger Copenhagen have launched App Clips alon... Read more
Cotton Association of India has hiked the production estimate to 360 lakh bales... Read more
A report by Market Study Report LLC forecasts medical textiles market will grow... Read more
Falling work orders from the US is creating fear in the minds of Bangladesh RMG... Read more
The turnover of the textile industry in Ecuador decreased by 36 per cent from $... Read more
Canada’s apparel imports grew by 1.14 per cent to $663.94 million in Febr... Read more
The German government has recognized Bluesign, a textile chemical management sp... Read more
Brodelec, which invested in the Kornit Presto, two years ago, is recording incr... Read more
Australian wool traders worry declining interest among Chinese buyers in a wide... Read more
Amazon has entered into a deal with Vietnam Textile & Apparel Association (... Read more
Shanghai Fashion Week concluded successfully with over 100 live shows, livestre... Read more
Pakistan’s textile exports declined 1.42 per cent during the eight months... Read more
Nike has launched an initiative to resell its own sneakers. As per Spin-Off rep... Read more
The Australian Human Rights Commission has released new human rights guidelines... Read more
Ministry of Industry and Trade (MoIT) reports, nearly $5 billion worth of Vietn... Read more
Organizers of textile and garment technology exhibition, ITMA expect the 2023 e... Read more
Gerber Technology has upgraded its software offerings AccuMark® Product Fam... Read more
The Pakistan government has refused monetary compensation for the cotton sector... Read more
Dario Nardella, Mayor, Florence has urged the Italian government to hold the 10... Read more
American footwear, accessories and apparel group Steve Madden has acquired 49.9... Read more
Jeanologia has launched its first Road to Mission Zero collection in partnershi... Read more
Fashion Week Istanbul was launched today as virtual four-day event featuring 30... Read more
Asia Pacific Rayon (APR) plans to increase its production capacity to 600,000 t... Read more
The PVH Foundation, PVH Corp’s philanthropic fund dedicated to nonprofit ... Read more
Fraud-hit textile and yarn manufacturer Sintex Industries filed for bankruptcy ... Read more
Maharashtra has imposed stringent curbs on fashion and e-commerce for 15 days t... Read more
Lenzing is launching a certification and licensing service for the Veocel&trade... Read more