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ITMF annual conference returns as in-person event after three years in…

ITMF annual conference returns as in-person event after three years in Davos

  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

Global luxury fashion prices on four-year high in 2022: Study

Global luxury fashion prices on four-year high in 2022: Study

  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

Economic sanctions on Russia hurt Italy’s fashion sector

Economic sanctions on Russia hurt Italy’s fashion sector

   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

Rapid shift from informal to formal makes apparel demand unpredictable

Rapid shift from informal to formal makes apparel demand unpredictable

  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

India’s textile dyes market to grow to $8 billion by 2031: IBEF

India’s textile dyes market to grow to $8 billion by 2031: IBEF

    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

Turkiye’s textiles and raw materials exports sees over 12% risefrom Ja…

Turkiye’s textiles and raw materials exports sees over 12% risefrom Jan-April’22

    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

Levi Struass& Co aims to rule the fashion market with new growth s…

Levi Struass& Co aims to rule the fashion market with new growth strategies

      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 lose-lose situation China’s Xinjiang cotton issue

Brands face a lose-lose situation China’s Xinjiang cotton issue

  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

Rising cotton prices threaten garment makers in Asia

Rising cotton prices threaten garment makers in Asia

  One of the region’s top employers, Asian garment makers are h facing mounting losses for some time with some small units even suspending operations, rendering thousands of workers jobless. Yet to recover from the sharp rise in freight and fuel prices, garment makers in Asia have been further hit by ... Read more

Inflation, COVID-induced uncertainty slowed Bangladesh garment exports…

Inflation, COVID-induced uncertainty slowed Bangladesh garment exports in May

    Reliant on garment exports for its forex reserves, Bangladesh reported a drop in export in May 2022 as demand from Western economies stagnated due to growing inflation, Russia-Ukraine war and supply chain bottlenecks. Latest Export Promotion Bureau (EPB) stats show, though Bangladesh’s merchan... Read more

Nearshoring benefits manufacturers as demand for Made in USA products …

Nearshoring benefits manufacturers as demand for Made in USA products rise

    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

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Nobody Denim reintroduces menswear

   Known for its dedication to local manufacturing and timeless denim pieces, Nobo... Read more

Nike to exit Russia market permanently

   Nike has announced plans to permanently exit the Russian market, and will not r... Read more

Moscow Fashion Week holds over 100 fashion shows

   More than 100 shows are to be held during the Moscow Fashion Weekbesides talks ... Read more

LinkedIn recognizes PVH amongst top workplaces for professionals

   LinkedIn has recognized PVH amongst top workplaces for professionals across nin... Read more

JD Sports Fashion’s revenue increases to £8.563 billion

   A retailer of sports and outdoor wear, JD Sports Fashion Plc’srevenue inc... Read more

H&M shuts Shanghai store as demand slumps

   H&M has shut its flagship Shanghai store, as consumer demand has slumped in... Read more

HBI enters into primary apparel partnership with USC

   World’s largest supplier of collegiate fan apparel, HanesBrands (HBI) has... Read more

Global brands to divert orders from Sri Lanka to India

   Apparel brands from across the world plan to divert orders from Sri Lanka and a... Read more

Fashion retailers in Shanghai stuck with unsold inventory

   Fashion retailers in Shanghai are stuck with piles of unsold inventory even a m... Read more

American Eagle Outfitter exits China market

   American Eagle Outfitters is exiting the China market, and has officially close... Read more

Global brands to divert orders from Sri Lanka to India

   Apparel brands from across the world plan to divert orders from Sri Lanka and a... Read more

Fashion retailers in Shanghai stuck with unsold inventory

   Fashion retailers in Shanghai are stuck with piles of unsold inventory even a m... Read more

American Eagle Outfitter exits China market

   American Eagle Outfitters is exiting the China market, and has officially close... Read more

US passes new law to prevent imports made with forced labor

    From June 21, the US government has passed a new law to prevent import of g... Read more

Cambodia’s garment industry to grow 8.1% in 2023

   The Cambodian garment industry is expected to grow by 8.1 per cent in 2023 with... Read more

UP government plans textile and apparel parks in the state

   The Uttar Pradesh government plans to attract more investments by building new ... Read more