Apparel, footwear to be ‘deprioritized’ with consumer shift in purchases in…
The much-awaited ‘The State of Fashion 2023’ report launched on the second day of the annual gathering of industry experts in London by the Business of Fashion Voices in association with McKinsey & Co reiterates a fact that has already been trending, i.e. global slowdown of the fashion sec... Read more
Consumers can look forward to lower apparel pricing in 2023
Every cloud has a silver lining and industry analysts are predicting good things for 2023. After rampant inflation in 202, with disruption in supply chains after the pandemic, there is a positive projection that the cost of goods as a whole, including apparel, should start to come down by next year. US-b... Read more
Gen Z to drive growth in gender fluid fashion in 2023 says, BOF-McKinsey’s …
Year 2023 shows a greater acceptance and following of gender-fluid fashion as detailed research in the just published Business of Fashion and McKinsey & Company’s report ‘State of Fashion 2023’ reveals. Gen Z is the key segment driving popularity as this generation does not ide... Read more
Textile chemical market grows by four per cent
The global market for textile chemicals is growing by four per cent a year. Textile chemicals are used in many parts of the manufacturing process to ensure that fabrics, yarns, and fibers are produced with consistent results across multiple batches. In addition, textile chemicals can help create innovat... Read more
Almost 56% top fashion industry leaders expect a slowdown next year: says M…
The Russia-Ukraine war, growing inflation and supply chain pressures are two of the biggest threats to the global fashion industry in the run-up to a challenging year, states The State of Fashion 2023 released by The Business of Fashion and McKinsey & Company today. The other key insights of the... Read more
October textiles exports a downer for India
The world of international trading has been grappling with one challenge after the other since the pandemic, followed by the war theatrics Europe. Many sectors had roller coaster rides and are continuing to do so, trying their best to keep their heads above the water. For the Indian textile exporter... Read more
Unpredictable times for global brands as inflation, war hit consumer sentim…
At the beginning of 2022, across the world few brands were surpassing their pre-Covid performances. They benefited from a burst of pent-up consumer demand that was expected to continue. But the Ukraine War, cost-of-living crisis and ongoing supply chain issues has eroded this optimism somewhat... Read more
Intex India- The Leading International Textile Sourcing Show in South Asia
• Intex India – The Leading International Textile Sourcing Show in South Asia • Exhibitors from 10+ countries across South Asia, South East Asia, China, MENA Region, the EU, Central Europe, the USA and Central America • 125+ Leading Manufacturers from around the world an... Read more
CRISIL predicts gradual rise after a current slowdown in 2023
Weak consumer demand and the slowing down of private investments are the main reasons behind the global slowdown which is pulling down India’s export figures and industrial activity, according to the Union Budget 2023. Catching up to pre-pandemic levels is not a walk in the park for the appare... Read more
Despite recession fears, global luxury market grows 21%, outlook bright: Ba…
The global luxury market has grown 21 per cent from 2021, says a recent report by Bain & Co. and Altagamma. Despite worsening economic conditions, high inflation and rising costs of living, coupled with ongoing Covid restrictions, some 95 per cent luxury brands have clocked in positive growth in... Read more
Remake’s Fashion Accountability Report 2022 shows fashion companies not mee…
After the two years of the pandemic that turned the world upside down, Remake World – a global advocacy organization that fights for fair pay and climate justice in the $3 trillion clothing industry- is all out to revamp sustainability issues and repair and remake the future of fashion. Remake Worl... Read more
Indian cotton gains market share in Turkey’s textile sector
October 2022 saw a decline of cotton prices globally and Turkish cotton growers are feeling the pinch as they are struggling to control their production cost to meet worldwide prices. However, between January and October 2022, Turkiye has seen an overall growth in its textile exports, primarily led by Afr... Read more
Delhi to host 10th Intex India from December 8, leading buyers from India a…
The 10th Intex India, a premier International Textiles Sourcing Show in South Asia, will be held in New Delhi from December 8 to 10, 2022. Showcase fabrics, accessories from across the world To keep accelerating India positive growth story, Intex India will showcase international suppl... Read more
Economic slowdown in the West will affect global apparel exports in 2023: W…
Wazir Advisor’s latest report, ‘Apparel Trade Scenario in Key Global Markets and India - Nov 2022’ reveals India’s garment export was not up to the mark at all, having suffered a decrease of 24 per cent compared to October 2021. However, on YTD basis the exports are 11per cen... Read more
Clean Clothes Campaign red flags Pakistan on safety
Since 1989, Netherlands-based Clean Clothes Campaign has been working for the interest and betterment of workers in the textile and garment industries. It is now a global network of 235 organizations across 45 countries, helping identify work-force related issues that workers in these industries face and ... Read more
India should focus on emerging as the world’s largest producer and exporter…
Good times are spinning for the Indian hosiery industry expectations unfold for a ten-fold growth in the next 25 years with focus on a long-term adoption of good cotton farming practices and India becoming more self-reliant. Like a fish in troubled waters, now is the time for India to increase its global ... Read more
Its return to luxury as sales rise across the world, Asia leads the pack
When the sector’s growth percentage for 2022 is at 22per cent, then luxury can claim to have returned to its pre-pandemic glory. As per a Bain & Company Luxury Study presented earlier this week in Milan, the news is good for a sector that took a beating during the last two pandemic years. ... Read more
Vietnam textile industry faces demand decline due to slowdown
Vietnamese textile and garment factories are currently in muddy waters as they are facing lower-than-expected orders from key trading partners along with a decline in cotton and yarn, fabrics and textile exports over the last two months of September and October. The fluctuations are however slight and an... Read more
Make in India project can help transform textiles sector
From a proud stamp of ‘Made in India’, Modi’s vision of a ‘Make In India’ dream project has now completed eight years with annual FDI doubling to $83 billion while transforming the country into a leading global manufacturing and investment destination. This flagship program o... Read more
COP 27 puts the spotlight on fashion
With COP 27 underway at Egypt’s Sharm El Sheikh, the fashion industry and its associates are present in large numbers to attend exhibitions, discussions and announcements pertaining to the sector that is under the spotlight for its excesses. For a while now, the global fashion industry has bee... Read more
US Cotton Trust Protocol gains worldwide recognition
The US Cotton Trust Protocol established in 2020, has become the international benchmark for the sustainable farming of cotton worldwide in two years. Its commitment, transparency, meticulous data capture and aggregation that leads to annual reports has won over more than 40 global brands as members, such... Read more
Comfort, sustainability drives global loungewear market, APAC leads growth:…
The world spent two years in lockdown, with varying intensities based on local laws and work from home became the norm. Indeed, professionals are finding it hard to break in 2022. Is it any wonder then that sleepwear and loungewear the preferred garments for spending time at home has turned to comfortable... Read more
India’s Gujarat clusters face dwindling orders
Gujarat’s industrial clusters are losing order volumes and revenues to falling demand. As orders dwindle, operating margins are shrinking.A trifecta of headwinds — high domestic cotton prices, dwindling exports and grossly underutilized capacities — has eroded the profitability of ... Read more
‘Bangladesh wants to cooperate and collaborate instead of competing with India,’ BGMEA President
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
‘Suppliers, brands need to rebuild relationships not to repeat similar mistakes in future’, IAF President
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
Growing demand from domestic, foreign players boosts India’s textile machinery b…
Heralding a textile revolution in India, the textile machinery industry is transforming from labor-intensive to a more modern and automated manufacturing ... Read more
Innovation key highlight at ITMA 2023
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
Santoni launches new XT intarsia machine
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
Gartex Texprocess to be launched as a hybrid event
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 reports revenues of $57.4 million in Q3
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
Reduce source tax, say exporters
Garment manufacturers and exporters in Bangladesh want the tax at source on the... Read more
US sets record Black Friday sales: Adobe
Online Black Friday sales in the US this year set a new record. So says Adobe A... Read more
CHINA INSIGHTS
Contributed by Mr. Zhao Hong & Ms. Xing Rong
Amid unprecedented Non Woven growth, China revises mask quality standards
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
China: Silk city Shengze is pilot zone for the world-class textile cluster
Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
India: Textile and garment units cease operations in Tamil Nadu
Some 300 textile and weaving units in Tamil Nadu, India plan to shut down for s... Read more
Shima Seiki to exhibit at ITME
Shima Seiki will exhibit at India ITME, Noida, December8 to 13, 2022. The Japan... Read more
India: PLI replaces ATUFS
India will promote the development of textile machinery through a production li... Read more
Pure London to feature eminent speakers
At the UK’s leading trade fashion buying event, Pure London, February 12 ... Read more
Lenzing hosts conclaves in India
Lenzing hosted conclaves in Surat and Mumbai. India is one of the key markets f... Read more
Chinese Oct exports to EU down nine per cent
China’s exports to the EU dropped by nine per cent in October 2022. China... Read more
Bangladesh retains much of garment receipts
Bangladesh has managed to retain nearly 67 per cent garment export receipts, th... Read more
FTA will boost Indian exports to UAE
The free trade agreement between India and the UAE will give duty free access t... Read more
India: Exports of children’s wear up 16 per cent
From January 2022 to September 2022 India’s exports of children’s w... Read more
India’s cotton yarn exports down 70 per cent
India’s cotton yarn exports fell 70 per cent during September 2022. Cott... Read more
US suit imports up 105 per cent
American imports of suits from January 2022 to September 2022 grew by 105 per c... Read more
Global high performance textile market up nine per cent
The global high-performance textile market is growing at nine per cent a year. ... Read more
Sportswear market grows by six per cent
The global sportswear market is growing by six per cent a year. The rising dema... Read more
Cambodia T&A exim up till Sept, Oct’22 numbers down
Cambodia’s apparel exports in the first ten months of 2022 rose by 18 per... Read more
Indian apparel displayed at Dubai fair
Indian apparel exporters are having a presence at International Apparel and Tex... Read more
Cotton production falls in India
Cotton production in India is either declining or stagnant. So says the RBI. Pr... Read more
Made in Bangladesh event highlights progress
Made in Bangladesh Week was held from November 12 to 18, 2022, organized by BGM... Read more
Indian exporters welcome FTA with Australia
India’s free trade agreement with Australia is expected to come into forc... Read more
Top brands exhibit at Denim Premiere Vision Italy show
Denim Premiere Vision was held in Italy, November 23 and 24, 2022. The speciali... Read more
US garment imports up 34 per cent
America’s imports of garments between January 2022 to September 2022 incr... Read more
Global retailers saddled with unsold clothing
Fashion retailers across the spectrum are sitting on piles of unsold clothing. ... Read more