Bangladesh needs new initiatives to reduce RMG’s impact on environment
Improving production facilities and compliance standards will boost Bangladesh’s apparel exports to $100 billion in the next 10 years, observed international clothing retailers and brands at the recent Sustainable Apparel Forum 2022 in Dhaka. Bangladesh will continue to remain the most preferred app... Read more
Luxury re-commerce opens up new opportunities for brands
As demand for sustainable products rise, luxury re-commerce is emerging as a big opportunity for brands to capture the millennial audience. However, with brands being slow in catching up with this trend, third party platforms such as The RealReal, Vestiaire Collective, and ThredUp are fast emerging. Howe... Read more
Bangladesh RMG sector on a roll with new projects and factories lined …
Insufficient power and energy supplies have failed to discourage Bangladesh entrepreneurs from investing in the country’s RMG sector, witnessing excellent flow of work orders. Big domestic entrepreneurs like the Team Group, Urmi Group, RDM and Sheltech are expanding their garment manufacturing capac... Read more
High inputs costs, weak demand may slacken future textile growth: ITMF…
In March 2022, the situation of textile business across all regions and segments remained positive with +14 percentage points reveals the 13th ITMF Corona Survey conducted amongst over 220 companies across the world. As per the survey of all segments in the textile value chain, around 43 per cent companie... Read more
India: Government to address rising cotton price issues
Piyush Goyal, Union Minister of Commerce & Industry and Textiles has called a meeting of all stakeholders to look into possible solutions for rising cotton prices. Upendra Prasad Singh, Textile Secretary believes government intervention is necessary to curb rising cotton prices. However, the intervent... Read more
Bangladesh leads US’ apparel imports in Q1FY’22: OTEXA
In the first quarter of 2022, the US’ imported 24.72 per cent more apparels from Bangladesh and Indonesia, as against the same period last year, says latest Commerce Department’s Office of Textiles and Apparels (OTEXA) figures. As per a Sourcing Journal report, the country imported 50.12 per c... Read more
EU-27 continues to suffer despite surge in textile and apparel consump…
Just as the European textile and apparel market had recovered from the pandemic it was once again hit by the Russia-Ukraine war. However, the market showed great resilience with the volume of apparel imports by the EU-27 countries growing 13 per cent to 1,057 million tons in January 2022. February sees a... Read more
Diversification to MMF a must for Bangladesh for future growth in RMG …
An important growth driver of its economy, Bangladesh readymade garments (RMG) industry mainly depends on import of raw materials like cotton. As per a Textile Focus report, Bangladesh imported around 8.5 million bales of cotton, worth over $3 billion in 2021. The pandemic caused several disruptions in B... Read more
Technology can help brands boost operational efficiencies
Technological innovations offer fashion companies an opportunity to not just better serve customers but also improve business efficiency. In 2021, fashion companies invested around 1.8 percent of their revenues in technology, as per a McKinsey & Co report. By 2030, this investment is likely to surge ... Read more
Rising cotton cost compel Indian fashion retailers to hike apparel pri…
The uncontrolled rise in cotton prices for the last one year is compelling most fashion retailers like Shoppers Stop, Celio and Arvind Fashions to increase apparel prices. Despite efforts to be cost-efficient, retailers have not been able to absorb the entire surge in input costs, says Kulin Lalbhai, Dire... Read more
Mumbai to host Gartex Texprocess 2022 from May 12 showcasing latest te…
Upcoming Gartex Texprocess 2022 fair to be held from May 12-14, 2022 at the Jio World Convention Centre, Mumbai will highlight advanced and sustainable garment manufacturing technologies in India. The fair being jointly organized by Messe Frankfurt India and MEX Exhibitions will display innovative p... Read more
PTJ Spring/Summer 2023 scheduled from May 25-26, 2022
Organized by JFW (Japan Fashion Week Organization), The Premium Textile Japan (... Read more
Leading bellwethers to showcase collections at Autumn Fair
UK’s leading marketplace for wholesale Home, Gift, Fashion, and Sourcing,... Read more
ASEAN remains China’s largest trade partner in 2022
Latest customs statistics indicate, the Association of Southeast Asian Nations ... Read more
Nigeria’s NTMA seeks government intervention to salvage ailing textile sect…
The Nigerian Textile Manufacturers Association (NTMA) has sought urgent governm... Read more
Expanded product range encourages Japan’s Four Seasons to eye Asian markets
Having expanded its product range into golf wear, suits and tents, Japanese app... Read more
FLO Magazacilik to buy 100 Reebok stores in Russia
Turkish shoe retailer FLO Magazacilik plans to buy over 100 stores owned by fit... Read more
Texhong Textile Group to increase yarn sales by 7.6%
Vietnam-based Texhong Textile Group plans to increase its yarn sales by 7.6 per... Read more
Canada’s apparel imports surge 13.63% in Q1’22
Canada’s apparel imports surged by 13.63 per cent in Q1 ’22 to $2.4... Read more
Bangladesh garment exporters worried about Sri Lanka crisis: Reports
Garment exporters in Bangladesh are worried over the current political crisis i... Read more
Milano 1984 SpA buys Gas Jeans and Grotto SpA
Led by Andrea Citterio, Managing Director, Milano 1984 SpA has purchased the br... Read more
Canada’s apparel imports surge 13.63% in Q1’22
Canada’s apparel imports surged by 13.63 per cent in Q1 ’22 to $2.4... Read more
Bangladesh garment exporters worried about Sri Lanka crisis: Reports
Garment exporters in Bangladesh are worried over the current political crisis i... Read more
Milano 1984 SpA buys Gas Jeans and Grotto SpA
Led by Andrea Citterio, Managing Director, Milano 1984 SpA has purchased the br... Read more
Bangladesh Denim Expo ends on a satisfactory note
Held from May 10-11, 2022 by the Bangladesh Apparel Exchange, the Bangladesh De... Read more
Apparel imports surge by 33.87% in Jan-Feb’2022
Increased sourcing from Bangladesh and China led to 33.87 per cent rise in Indi... Read more
Bangladesh can export RMG products worth $100 bn in 10 years, say global br…
According to global brands, Bangladesh has the potential to export readymade ga... Read more