ITMF will hold the physical edition of its annual conference after a gap of three years from September 18-20, 2022 in Davos, Switzerland. The event will be hosted by Swiss Textiles and Swiss Textile Machinery. The theme will be: Climate Change and a Sustainable Global Textile Value Chain. It will focus ... Read more
Luxury has just become more expensive, says a new report by Edited. Prices of luxury fashion products have surged 7 per cent above 2020 and 25 per cent above 2019, the report analyzes. They are currently at a four-year low though there’s less than 1 per cent year-on-year difference from last year. ... Read more
The economic sanctions on Russia following its war with Ukraine are making business difficult for many fashion brands in Italy -- the fashion capital of the world. They are especially hurting clothing and shoe manufacturers, as Italy is the largest global producer of these goods. The country exports... Read more
With brands compelled to deal with issues like rising inventory costs and changing customer preferences, the first quarter of the year was a mixed bag for apparel retailers. A report by Modern Retail shows, revenues of retailers including Poshmark, Revolve and TJX Companies increased between 13 and 43 per... Read more
Against its earlier prediction of cotton production reaching 323.63 lakh bales of 170 kg each, during the 2021-22 season, Cotton Association of India (CAI) now estimates, cotton production for the season, starting from October 01, 2021 to May 2022, declined by 8.31 lakh bales to 315.31 lakh bales of 170 k... Read more
The latest India Brand Equity Foundation (IBEF) report forecasts, India’s textile dyes market will grow to $8 billion by 2031. Most of the growth will be stimulated by rapidly evolving fashion trends encouraging manufacturers to experiment with new color combinations and designs. The market wi... Read more
Traditionally, a major cotton exporter, India, for the first time is importing cotton yarn to guarantee uninterrupted supply to weavers and textile mills. Traders are selling imported cotton yarn at Rs 30 per kg lesser than the price of the local yarn, adding further pressure on dwindling profit margins. ... Read more
Net data from China Customs shows, China reduced its spandex imports 20.7 per cent to 7,140 tons from January-April’22 while exports declined only 9.5 per cent to 29.6000 tons from January-April’22. China’s net exports declined 5.1 per cent on annual basis and continued to fall month by ... Read more
Turkiye’s textiles and raw materials exports increased 12.4 per cent to $4.6 billion during January-April 2022 compared to the same period of previous year. As per a Textile Intelligence report, exports of textiles and raw materials surged 13.7 per cent to $1.2 billion in April 2022 compared t... Read more
A massive work order from global fashion brands and buyers led to Bangladesh’s RMG exports rising 33.81 per cent to $31.43 billion during the July-March FY2021-22 period.Though the textile and garment sector in the country is witnessing an excellent flow of orders, supply gain glitches, constant pow... Read more
Not satisfied with being known as one of the world’s most popular jeans brand, Levi Strauss & Co, aims to grow into an international conglomerate with a wide portfolio of brands and multiple stores with a strong presence in categories beyond denim,including tops and womenswear. The... Read more
Brands face a tough situation while taking a stand on the Xinjiang issue. If they decide to continue sourcing from the region, they face ban and other legal actions from the West and if they leave, they have to deal with large commercial losses. Either way it’s a catch 22 situation for them. Brands... Read more
As COVID-induced lockdowns in China snap the links of global suppliers, US manufactures are benefitting from growing ‘Made in USA’ sentiment among consumers. Established in 1992, New Jersey-based Unionwear saw a rapid surge in business this year. With 100 per cent local supply chain, the... Read more
India’s textile industry saw phenomenal sales and EBITDA growth in FY22 over pre-COVID levels, shows latest Wazir Textile Index compiled by Wazir Advisors for the year FY22. The index based on the analysis of 10 companies highlights, overall grew by 18 per cent Y-o-Y since 2020. Welspun India record... Read more
To achieve net zero carbon emissions goal by 2030, the fashion industry needs to accelerate its response. Failure to do so might result in doubling emissions from the permitted levels to align with the Paris Agreement, warns a new report by the Global Fashion Agenda. Titled, ‘The GFA Monitor,&... Read more
Recurrent lockdowns to curb COVID spread have led to supply chain disruptions in China besides price rise and sales decline. Shutting down of Shanghai, one of the biggest ports in the world caused interruptions in the supply of goods ranging from technology and cars to beauty and fashion in the coun... Read more
Launched by the National Institute of Fashion Technology (NIFT), the national sizing survey will develop India’s first country-specific size chart to offer Indians better fitting clothes. Targeting various demographics like region, gender, locality and age, the chart will be based on the data ... Read more
Producing one meter of woven fabric from cotton 1-1/8" in a continuous open width process (COW) costed $1.36 /metre on average in 2021. Cost was highest at $1.91/metre in Italy and lowest in India at $1.11/metre, reveals latest edition of International Production Cost Comparison (IPCC) from Internat... Read more
This latest edition of Cotton This Month shows, a decrease in the size of cotton crop in top cotton producing countries like India, Argentina and South Africa that has resulted in consumption outpacing production in the 2021-22 season. Consumption to exceed production by 265,000 tons Yield of smaller-th... Read more
A strong pillar of its economy in the past, Nigeria’s textile industry is currently on the brink, having shrunk from 175 firms in 1985 to less than 20 in 2022. The sector’s employment has declined from 137,000 jobs in 1996 to less than 20,000 now. Nigeria’s textiles exports suffere... Read more
To maintain its competitiveness, China's textile and apparel sector plans to develop innovative fibers and focus on sustainable production while expanding its reach to markets covering the regions included in the Regional Comprehensive Economic Partnership agreement. China’s textile and garme... Read more
The need to preserve their image and drive full-price sales is encouraging major luxury players like Prada and Kering-owned Gucci to find new ways to control discounts offered to consumers. As per a Business of Fashion report, luxury players are slowly phasing out end-of-season sales in their boutiques. T... Read more
After 18 months of non-stop acceleration, growth in the Chinese luxury market is set to slowdown to low double-digits in 2022, as per latest Bain & Co research. However, the pace of Chinese luxury consumption will remain stable with the local Chinese market overtaking the US market by 2025. As p... Read more
The rivalry between sportswear giants Nike and adidas is taking a new turn with the two sports brands doubling their collaborations with luxury brands like Louis Vuitton, Gucci, Jacquemus and Balenciaga. Luxury brands are launching new collections every week in collaboration with the two sports apparel, s... Read more
Valued at $3,579.1 million, the global custom T-shirt printing market is estimated to grow to $9,009.3 million by 2032, says a Future Market Insights study. They estimate, the market will contribute over 2 to 3 per cent to the global apparel market. From 2022 to 2032, the custom T-shirt printing mar... Read more
India’s cotton yarn exports decreased 2.15 per cent Y-o-Y but increased by 4.50 per cent M-o-M to 95,200 tons in March 2022. Bangladesh tops yarn imports from India As per a CCF Group report, Bangladesh remained the largest importer of Indian cotton yarn with imports remaining constant at 49 per c... Read more
Bangladesh apparel industry has bounced back from the pandemic with order books full and deliveries happening across the globe. Expecting to touch $41 billion in apparel ... Read more
The pandemic and now the Russia-Ukraine war have put a lot of pressure on global apparel market across the value chain. The industry is coping with numerous issues includ... Read more
Heralding a textile revolution in India, the textile machinery industry is transforming from labor-intensive to a more modern and automated manufacturing ... 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
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
‘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’
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