29/3/2023
A new report by the United Nations Climate Change and CDP states that the fashion industry has made progress on climate action but still has a long way to go.
Signatories of the Fashion Industry Charter for Climate Action are making promising strides, according to a new report by UN Climate Change and CDP....
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28/3/2023
The Trade Facilitation Agreement (TFA) has led to a US$231bn increase in trade, with developing members and least-developed country (LDC) members making the most gains.
The Trade Facilitation Agreement, the first multilateral trade agreement in the WTO’s 20-year history, entered into force on 22 February 2017. It is designed to reduce trade barriers and eliminate border transaction costs for companies around the world....
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27/3/2023
Gaining the trust of suppliers, embracing collaboration and sharing data are just some of the challenges apparel businesses need to overcome if they are to improve human rights conditions in their supply chains.
Speaking at the Xplore Sustainability conference this week, organised by supply chain data platform Sedex, Lea Esterhuizen, founder and CEO of due diligence firm &Wider, explained to delegates how worker feedback technology is enabling apparel firms to better understand working conditions at sites in their supply chains....
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27/3/2023
The international clothing and textile sector will have to take account of the first global sustainability reporting standards designed to become compulsory in many countries worldwide from 1 January 2024.
The new global sustainability reporting standards will be published by June, having been approved in February by the International Sustainability Standards Board (ISSB)....
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24/3/2023
The United Kingdom’s clothing imports stood at £1.392 billion ($1.70 billion) during January 2023, which was 12.67 per cent lower than the imports in December 2022 when the country’s inbound shipment was £1.594 billion, as per the UK’s Office for National Statistics (ONS)....
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24/3/2023
After reaching a record-high apparel import value of US $99.93 billion in 2022, the United States has experienced a decline in its apparel imports, both in terms of value and volume, on a yearly basis.
According to data released by the Office of Textiles and Apparel (OTEXA), the country imported US $7.27 billion worth of apparel in the first month of this year, representing a 3.44% decline on a yearly basis. However, imports increased by 9.16% compared to December 2022 when the country imported US $6.66 billion worth of apparel....
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24/3/2023
“Great merchandising, like great value, never goes out of fashion. In a dynamic and increasingly digital apparel, fashion, and luxury market, companies that get merchandising right tend to outperform their peers,” says McKinsey. In their article ‘Great merchandising never goes out of fashion’, authors David Barrelet, Matthew Chapman, Erik Eklöw, Julia Huang, Felix Rölkens and Hannah Yankelevich highlight in current economic environment and uncertainties there is an urgent need for companies to get merchandising right....
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23/3/2023
The European Commission has now published its proposal for clamping down on misleading environmental claims or “greenwashing”.
Under the proposal, which targets greenwashing businesses, any green claims made need to be independently verified and proven with scientific evidence, while new public environmental labelling schemes will be banned unless developed at EU level....
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23/3/2023
US’ University of Missouri researchers have identified two main challenges for adaptive clothing consumers. The study involved mining online reviews to understand the perspectives of adaptive clothing customers. Customers said product offerings were inadequate and didn’t meet their specific needs. Access to the few products that do exist was limited....
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22/3/2023
Innovation, sustainability and traceability are the mainstays of the 'Made in US' label, according to the United States Trade Representative (USTR).
Following a visit to the Carolinas to see US textile manufacturers in action, USTR Senior Advisors Beth Baltzan and Jamila Thompson released a blog post in which they detailed the important and innovative producers in the domestic supply chain as well as the Biden Administration’s effort to craft smarter trade policy that creates a level playing field while also enhancing the resilience of critical American industries....
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21/3/2023
The US Court of International Trade (CIT) has marked its position on keeping sanctions against China in place with recommended amendments for the United States Trade Representative (USTR).
In September 2020, more than 6,000 plaintiffs filed lawsuits challenging the List 3 and List 4A tariffs as unlawful under Section 301 of the Trade Act of 1974 arguing that USTR exceeded its authority when it imposed tariffs without attempting to connect them to any underlying investigation of China’s trade practices....
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21/3/2023
The fashion industry is entering a new era in which consumer and regulatory interests converge, and apparel brands are beginning to change in response.
Consumers want to know where their products are coming from, how, where and by whom they were produced, and want to get a longer lifespan and recyclability from those items. Cyrus Gilbert-Rolfe, senior vice president for retail and apparel at Kezzler, looks at the challenge facing apparel with its growing data problem....
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21/3/2023
Global fashion industry, just like most other consumables industries have realised the ongoing inflation isn’t going to slow down any time soon as the world couldn’t find time to recover from the pandemic before being hit by the economically-disruptive Russian invasion of Ukraine. High inflation is a challenge, but adapting to a flexible pricing strategy can help retailers and brands control costs, protect margins, and retain customer loyalty....
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21/3/2023
Top apparel exporters have been hit badly by ongoing inflation and unstable prices across the globe.Retail outlets are finding it tough to pay electricity bills,shipping charges and other logistics. At the same time, food prices have almost doubled leaving consumers cash-strapped in many countries and may soon trigger a global crisis that will drive millions more into extreme poverty and malnutrition....
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20/3/2023
A world in which clothing and textiles are no longer discarded and all waste is diverted from landfill and incineration feels a long way off to me.
This may sound a little harsh given clothing and textile waste is an issue talked about extensively in this industry. And don’t get me wrong, there are plenty of initiatives launching regularly to try to tackle this growing problem that fast fashion has undoubtedly contributed to. But I’m not convinced it is enough right now....
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20/3/2023
The tennis apparel market in Americas is set to grow by USD 82.08 million between 2022 and 2027, with a compound annual growth rate (CAGR) of 3.7% during the forecast period, according to a new report by Technovia. The growth of the market is attributed to the increasing awareness about the health benefits of sports and the growing adoption of a healthy lifestyle among the urban population. This trend is driving people to involve themselves in sports activities, such as tennis, to stay fit and healthy....
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20/3/2023
A comprehensive report on the Baby Apparel market has been released by Global Insight Services. Baby apparel refers to clothing specifically designed for infants and toddlers, including onesies, sleepers, and outfits for special occasions. These clothes are often designed to be comfortable, practical, and easy to care for, while also being stylish and fashionable, with a wide range of colors, patterns, and designs available....
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20/3/2023
Lingerie has come a long way since the time it was considered a female tool of seduction and titillation.The global lingerie marketwas worth $78.7 billion in 2022, reinforcing demand worldwide. A study by the IMARC Group expects the market to reach $119.4 billion by 2028, growing at a compounded annual growth rate (CAGR) of 7 per centfrom 2023 to 2028.A similar study by Transparency Market Research, projects growth up to 2031 at $171.3 billion....
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17/3/2023
The global ethnic wear market is expected to reach $177.2 billion by 2031, growing at a CAGR of 7.2 per cent from 2022 to 2031, according to a new report published by Allied Market Research.
The report cites increasing demand for fusion wear globally, the emergence of mix-and-match styles, the availability of high-end brands, and the rising number of fashion influencers as prime determinants of growth....
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17/3/2023
The global clothing recycling market is expected to be valued at US$ 5.8 million in 2022, according to Future Market Insights. However, the market is projected to grow at a compound annual growth rate (CAGR) of 10.7 per cent through 2032, reaching an anticipated valuation of US$ 16 billion.
Sustainability is a key trend driving the demand for clothing recycling, as consumers and companies alike become more aware of the environmental impact of fast fashion and the importance of circularity....
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16/3/2023
Everyone is on a Refashion Journey: As refashion continues to grow in prevalence, brands must work to differentiate themselves from competitors by enhancing CX and optimising existing processes, writes Giorgio DeMarco, lead design strategist at EPAM Systems Inc.
Refashion is by no means a new or novel concept – the period of scepticism is over. In fact, those fashion retailers and manufacturers not currently selling pre-loved are missing out on a lucrative and ever-expanding market segment. Giorgio DeMarco, lead design strategist at EPAM Systems Inc....
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11/3/2023
In January 2023, a survey conducted by American luxury fashion digital platform Saks revealed that 62 per cent of US-based consumers plan to spend the same or more on luxury items in the upcoming months.
Respondents with an income of over $200K indicated a preference for spending on clothing after travel, events, and activities. Among those surveyed, 60 per cent said they plan to purchase clothing, and 36 per cent will spend on shoes for their upcoming trips....
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10/3/2023
The latest data from the US Office of Textile and Apparel (OTEXA) reveals US apparel import volumes fell in January, in both value and volume terms, however Dr Sheng Lu tells Just Style there are signs of gradual recovery.
US apparel imports, according to the latest data from OTEXA for the month of November, fell by more than 3.4% in value from a year ago, and 17.5% in quantity....
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9/3/2023
Import cargo volume at the US’ major container ports is expected to begin slowly climbing again this month after February saw one of the lowest levels since the beginning of the pandemic, according to the latest figures from the National Retail Federation's (NRF) Global Port Tracker.
The Global Port Tracker from NRF and Hackett Associates notes that while there are many uncertainties about the economy, import cargo volumes are expected to show modest gains over the next several months....
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9/3/2023
The traditional classic readymade men’s suit will always stay relevant in the premium formal wear retail segment, even if its popularity has slightly waned in post-Covd dress-down times. With an USP of making the wearer stand out whenever and wherever, this is a forever style even when bespoke or made-to-measure suits that create a new model for each customer are now competing neck-to-neck in premium outlets....
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8/3/2023
On, February 22, 2023, Amazon India went live with its plus size store that has the finest collection of plus size clothing for Indian consumers, curated from leading fashion brands in India – Biba, Bigbanana, Pluss, Allen Solly, NYKD and the U.S. Polo Association among others. The outlet offers over 6,00,000 products spanning 2XL to 8XL. While going live, the head of Amazon Fashion India, Saurabh Srivastava said India is a fast-growing plus size market, mirroring the growth worldwide and just like Amazon elsewhere, the Indian division of the global e-commerce giant is catering to the needs of a diverse range of customers and is being inclusive....
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7/3/2023
UK certification body for the textile industry, Shirley, talks to Just Style exclusively about the main opportunities and challenges it is facing today.
Behind every responsible fashion manufacturer and brand there are certifications awarded by organisations such as Shirley.
The opportunities and challenges for manufacturers and retailers are based on the impact of the economy, current affairs and the supply chain, but how do these factors affect certification bodies?...
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3/3/2023
Denim market growth has always been a steady even in the most fluctuating of global economies. Reason: it is a fundamental component of the casual wardrobe and popular across all social and economic segments for men, women and children. With casual dressing becoming the norm in a post-pandemic world, many analysts feel denim will see stronger-than-ever growth in coming years....
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3/3/2023
The World Trade Organization’s Goods Trade Barometer has lost momentum in the fourth quarter and is likely to remain weak in the first quarter of 2023.
According to the latest WTO Goods Trade Barometer released yesterday (1 March), world trade growth in volume terms is weakening after falling to 92.2, down from 96.2 in the previous release and well below the baseline value of 100....
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2/3/2023
With post-pandemic-induced shopping spree, global industry-wide Christmas sales and India’s wedding and festive season all over, apparel retailers are now doing reality checks. This is because the first financial quarter of 2023 has opened bleakly. What’s more, recession fears are looming in the horizon and a slowdown in sales growth seems likely after the sharp increase post-Covid last year....
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1/3/2023
EU energy prices are six times higher than competitor garment manufacturing hubs in the US, China and Asia. Experts discuss whether or not European garment companies will survive.
EU electricity prices are often around EUR0.56/KWh (US$0.60) at present, compared to $0.10/KWh in competing garment industrial centres, according to EU data....
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28/2/2023
In 2022, the textile and apparel industry in the United States experienced a significant increase in imports and exports. According to US government data, textile and apparel imports into the USA were worth $132.2 billion, exceeding the figure of $127.7 billion recorded in 2019. Meanwhile, textile and apparel exports topped the $30.4 billion mark, which was a considerable increase compared to the $22.1 billion recorded prior to the pandemic. This represented a growth of 37.5% over 2019....
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25/2/2023
The global men’swear market is growing by six per cent a year. Men’s wear refers to clothing that is specifically designed for male consumers.
The escalating product demand on account of the growing fashion consciousness and awareness of the importance of personal appearance among men is primarily driving the men’swear market....
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24/2/2023
Just Style spoke to international manufacturers at Source Fashion on the latest opportunities for sourcing in the ever-changing fashion industry.
The fashion industry today faces global issues that pose a threat to its growth. However, Just Style found many positive trends within the manufacturing sector, that if properly explored could generate big opportunities. Manufacturing companies that attended the Source Fashion London event discussed trade deals, overseas expansion, diversifying markets, sustainable fashion and alternative materials....
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23/2/2023
Just Style spoke to manufacturers at the Source Fashion London event on the challenges they face in the ever-changing fashion industry.
The global fashion industry has faced mounting challenges stemming from the pandemic, the Ukraine war, and a looming recession. At the Source Fashion event in London, Just Style asked the people working at the centre of these challenges for their views as international manufacturers. Their answers paint an alarming picture of an industry-wide lack of demand, rising costs, networking difficulties and unstable supply chains....
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22/2/2023
The global apparel industry is likely to continue to feel the knock-on effects of the Ukraine-Russia war into 2023 and beyond, expert analysts believe, as we mark one year since the beginning of the conflict. Twelve months on from the start of the Ukraine-Russia crisis and the global apparel industry has suffered both directly and indirectly as many brands closed their store networks in Russia and battled rising energy prices and raw material costs....
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22/2/2023
Recycle and reuse are terms we have become more than familiar with in recent times as the global fashion industry looks to lessen its environmental impact and we are bombarded with initiatives.
This is nothing new, of course. But just how far have we come, and exactly how much progress is the industry making right now?
Unfortunately, I don’t have the exact answer to either of these questions, but we can certainly see there is an effort there by global fashion brands to lessen their impact....
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21/2/2023
Despite swimming against the rising tide of high costs of raw materials, complicated shipping and transportation logistics, increased inflation and higher cost of living in post-pandemic years, a reasonably good growth in global fashion sales is expected in 2023 by most fashion retailers.
Global fashion companies are now focussing on strong sourcing diversification, supply chain agility, and sustainable operations to circumvent the current crunch and effectively sail through 2023 with their head above waters....
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17/2/2023
The UK Office for National Statistics (ONS) has revealed retail sales value increase in January - likely due to higher prices - but retailers face tough times ahead.
According to the ONS January retail sales report, on a year-on-year seasonally adjusted basis :
• Sales by Value (amount spent) increased 3.7% YoY (this growth is primarily due to rising prices)
• Sales by Volume (quantity bought) fell 5.3% YoY
Responding to the latest ONS Retail Sales Index figures, Helen Dickinson, Chief Executive of the British Retail Consortium, said: “Widespread January sales helped sales growth remain positive as the industry entered the New Year. Despite this, the rise in consumer spending could not keep up with the double-digit inflation rates, with another fall in retail volumes. Larger purchases were hit harder as consumers tightened their purse strings or traded down to value brands. Meanwhile, clothing and footwear saw stronger growth last month.”...
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16/2/2023
Global apparel retailers are now realizing that what you see is not always what it seems and are seeking to verify the authenticity of their products from supply sources to protect themselves from fabric mislabelling and fraud. Many premium brands are implementing strict regulations and monitoring processes throughout their global manufacturing process to put an end to the mislabelling of a garment that claims to be what it is not....
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16/2/2023
The UK Government has said it does not expect an Extended Producer Responsibility (EPR) scheme for clothing and textiles to be introduced any time soon.
A consultation on an EPR scheme for clothing and textiles was expected from the UK Government’s Department for Environment, Food and Rural Affairs by the end of 2022.
The EPR is a strategy to add all of the environmental costs associated with a product throughout the product life cycle to the market price of that product. The UK Government, in its publication ‘Our Waste, Our Resources, A Strategy for England 2018’, committed to invoking the “polluter pay” principle and harness the potential of EPR. It identified five priority material streams for consideration under this commitment including textiles....
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16/2/2023
The US consumer price index for all urban consumers (CPI-U) rose by 0.5 per cent in January this year on a seasonally-adjusted basis, after increasing by 0.1 per cent in December, according to the Bureau of Labour Statistics (BLS). The index for all items less food and energy rose by 0.4 per cent in January. Category indices that increased in the month include apparel and household furnishings....
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15/2/2023
UK inflation has fallen for the third consecutive month, with clothing prices easing on the prior month, but analysts warn many businesses may need to maintain higher prices to combat profit loss.
The latest figures from the Office of National Statistics (ONS) show UK inflation eased to 10.1% in the 12 months through January 2023, from 10.5% a month earlier. The Consumer Price Index had peaked at 11.1% in October....
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14/2/2023
The US cotton industry can expect a slowdown in growth from the prior two years, new data shows, as a result of increased production costs, slumping consumer demand and supply chain disruptions.
The latest data from National Cotton Council economists shows US cotton acreage is projected to be down 170% on last year to 11.4m acres. While production costs remain elevated, cotton harvest-time futures prices are currently 16.5% less than a year ago and the prices of most competing commodities are relatively unchanged....
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14/2/2023
The global denim fabric market is growing at 4.4 per cent a year. So says Allied Market Research. The obtainability of denim fabric at reasonable prices and new socio-economic trends are driving the growth of the global denim fabric market.
The rise of biodegradable denim fabric has opened new prospects. But price instability of cotton and ecological risks related with the use of synthetic dyes confine the market to some level. The Covid outbreak impacted the overall supply chain, thereby upsetting the overall growth of the global denim fabric market....
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10/2/2023
Dr Sheng Lu reveals the main US apparel import patterns of 2022 and the critical issues to watch in 2023 based on the latest trade data released by the Office of Textiles and Apparel (OTEXA) and the US International Trade Commission (USITC).
2022 marked the third year since the global pandemic. While the impact of Covid showed signs of abating in areas such as supply chain disruptions, the US and the world economy encountered substantial new obstacles, and geopolitical tensions escalated further....
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9/2/2023
As retailers and consumers scurry through rising inflation, research suggests rising costs will plague 2023 retail sales with inflation adding almost GBP260bn (US$316bn) across international markets.
The Ecommerce Delivery Benchmark Report 2023, commissioned in partnership with economics consultancy Retail Economics, found that 80% of retailers were planning to increase the price of products, with 40% suggesting rising costs will be the biggest challenge this year....
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9/2/2023
Import cargo volumes at America’s major container ports are expected to drop in February 2023 to nearly their lowest level since the beginning of the pandemic. So says the National Retail Federation.
With the US economy slowing, and consumers worried by rising interest rates and still-high inflation, retailers are importing less merchandise. Retailers are being cautious as they wait to see how the economy responds to efforts to bring inflation under control....
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8/2/2023
Global technical textile market is growing at four per cent a year. The market for technical textiles is expected to increase across a variety of end-use industries, including agriculture, construction, aerospace, medicine, and packaging as more people become aware of their advantages. Modern biotechnology has accelerated the progress of conventional farming practices towards a more scientific method. It is anticipated that the adoption and use of highly effective technologies in the agricultural sector would boost crop output, which will have an impact on overall productivity and the need for technological textiles. The technical textiles market is primarily driven by elements including strengthening national economies, technological developments, and expanding end-use applications....
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8/2/2023
January import volume into the US is expected to drop to nearly its lowest level since the beginning of the pandemic, according to the latest figures from the National Retail Federation (NRF) Global Port Tracker.
The Global Port Tracker from NRF and Hackett Associates notes that with the US economy slowing and consumers worried by rising interest rates and still-high inflation, retailers are importing less merchandise....
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7/2/2023
A team of researchers led by the University of Michigan has developed woven-in labels made from photonic fibres which could increase the recycling rate of clothing and textiles. Currently, only 15 per cent of the 92 million tons of textiles discarded annually are recycled due to difficulties in sorting.
The new fibres, referred to as barcodes woven directly into the fabric, are customisable and can be made visible to the naked eye, only readable under near-infrared light, or a combination of both. This technology is more effective than traditional tags which are often cut away or become unreadable, and it can be invisible until it needs to be read, the University of Michigan said in a press release....
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6/2/2023
Clothing and footwear retailers emerge unscathed from Christmas 2022 but will be hit by reduced consumer spending.
GlobalData analysis finds that the apparel sector avoided what was expected to be a bleak Christmas period in 2022.
Despite the effects of the cost-of-living crisis and postal strikes, multichannel clothing and footwear retailers saw increased sales. While partly boosted by price rises, retailers who offer in-store and click-and-collect services excelled....
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3/2/2023
The National Retail Federation (NRF) predicts “slight growth” for the US economy in 2023 but no official recession.
The National Retail Federation (NRF) announced that the US economy is more resilient than expected and will experience “slight growth” in 2023.
In the February issue of the NRF’s Monthly Economic Review, chief economist Jack Kleinhenz stated: “A month into 2023, the economy is facing stiff headwinds and – with the exception of easing inflation – will likely face more challenges before it gets better.”...
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2/2/2023
Natural staple fibers are driving this sub-sector within the textile industry as a sea change is being witnessed in terms of fabric preferences. Eco-conscious consumers, especially the millennials and Gen Z, the largest consumer groups worldwide are clear about their eco-friendly choices and the industry is trying to live up to consumer demands. As per a Future Market Insight Report, since 2022, the sub-sector of textile staples is witnessing a promising growth with sales projected to grow at 5.5 per cent. The market at present is pegged at $161.2 billion and is expected to touch $275.48 billion by 2032....
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31/1/2023
A cohort of US apparel industry associations have published a new protocol aimed at assisting policymakers in ensuring successful solutions to advance sustainability and social responsibility in the fashion industry.
The ‘THREADS Sustainability and Social Responsibility Protocol – Principles for effective policymaking concerning the fashion industry’ was jointly released by The American Apparel & Footwear Association (AAFA), the Accessories Council, The Council of Fashion Designers of America, and the Responsible Business Coalition....
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30/1/2023
The global swimwear market is growing at five per cent a year.
Swimwear is commonly worn by people participating in water-based activities such as swimming and bathing. It shields the wearer from chlorinated swimming pools and seawater, which contain salts that can cause skin rashes.
Product demand is being driven by the global increase in population and product innovation to meet the need for specialized clothing for water sports and poolside or beachside vacations....
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30/1/2023
The Section 301 Tariffs on American Consumers and US Businesses imposed by the Trump administration in 2018 in response to China’s unfair trade practices, seem to have boomeranged on the US doing more harm than good. A recent joint industry study has pointed out the negative Impacts on US consumers of Section 301, which was intended to compel US companies to move supply chains out of China and has affected many general segments of the average American consumer....
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25/1/2023
As consumers strive to reduce their fashion consumption to become more sustainable, they are becoming increasingly involved in the circular economy.
More apparel consumers are turning to rental operators like Rent the Runway and Hirestreet, rather than purchasing brand new items that they will only wear once, with 8.6% of UK clothing shoppers renting apparel for Christmas 2022....
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24/1/2023
Nearshoring has bumped right up the agenda for many US sporting brands as they look to navigate the issue of rising transport costs and shipping delays on the back of global pandemics and worker shortages. As the sportswear industry is likely to experience negative growth in 2023, a new report from McKinsey & Co explores whether nearshoring is the route to navigating this challenge....
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23/1/2023
Rising costs, the looming threat of a bigger recession, low consumer confidence, and continuing operational challenges are set to create headwinds for the global sporting goods industry in 2023, as per the industry executives interviewed and surveyed for a report by WFSGI and McKinsey. In response, companies are looking to embed resilience into their operations by going beyond raising prices to boost productivity and finding the right balance between saving and investment....
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23/1/2023
The global socks market is growing at six per cent a year.
An increase in the number of working individuals, along with the rising adoption of the formal business environment, signifies one of the key factors anticipated to create ample growth opportunities for the market.
Asia Pacific is expected to grow at the fastest compound annual growth rate. This is attributed to the growing population in developing economies including China and India....
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23/1/2023
The global athleisure market is growing at eight per cent a year.
Athleisure clothing includes casual pants, bomber jackets, polo shirts, crewneck sweaters, and others. Athleisure appeals to several broad trends, such as the global shift toward consumers wearing more casual attire, the desire for comfortable clothing, and the increase in athletic activity among health-conscious consumers who need performance clothing for these activities....
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22/1/2023
The global shapewear market is growing at eight per cent a year. This covers bodysuits, corsets, control tights, control panties, control slips, girdles and slimming camisoles.
Shapewear is a type of underwear which helps in looking slim and improving the body figure by compressing the fats and skin folds. As people nowadays are very conscious about their appearance and their social status, achieving the ideal body shape and complying with beauty standards in society has become critical. For this purpose, people are increasingly using shapewear products. This will continue to boost the market....
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20/1/2023
After two difficult Covid years of dressing down days, the fashion resilience of denim is being felt once agin. Every year, over two billion jeans are sold globally and apparel manufacturers are now focussed on cashing onto this lucrative segment in post-pandemic days.
It is expected by 2023, the size of the market for denim jeans fabrics will reach a stupendous 4,541 million meters as demand sores globally. In the five years between 2018-23 the market is expanding at 4.89 per cent annually from 3,576 million meters in 2018. Denim is an apparel segment that shows its true potential when it comes to export diversification with other apparel....
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20/1/2023
The UK's Office for National Statistics (ONS) has revealed that clothing stores sales volumes rose in December 2022 despite overall retail sales volumes falling by 1% during the peak of the Christmas shopping season.
UK clothing stores saw sales volumes increase by 1.0% in December 2022, however the total non-food stores sales volumes, including department, clothing, household and other non-food stores, fell by 2.1% over the month....
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18/1/2023
The US apparel, footwear and retail sectors are at loggerheads with the textile industry over the impact of Section 301 tariffs which experts suggest are unlikely to be lifted by the Biden Administration as China and the US continue their power struggle.
The American apparel, footwear and retail industries which claim higher costs linked to tariffs are significantly pressuring US brands, retailers and ultimately consumers....
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17/1/2023
Cotton produced the world over in accordance with voluntary sustainability standards (vss) saw a 39 per cent to 40 per cent compound annual growth rate between 2008 and 2019.
In 2019, about 92 per cent of vss-compliant cotton came from Asia, led by India, China, and Turkey. Cotton compliant with vss accounted for at least 14 per cent of total cotton production in 2016. Consumers and companies across the planet are increasingly choosing cotton produced in accordance with vss, such as Better Cotton or Cotton made in Africa....
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16/1/2023
International Institute of Sustainable Development (IISD) published a report recently on the growth of sustainable cotton practices and their pricing, as a part of their Global Market Report on agricultural products. Since 2008, IISD has been tracking the growth of voluntary sustainability standards (VSS)-compliant cotton production and states that this genre of cotton doubles its output every 2.5 years. Vivek Voora, Senior Associate at IISD said in the report “Sustainable cotton is in high demand as customers look to make responsible purchasing decisions and brands use sustainability to differentiate their products in the market.” He goes on to say, most of the demand is coming from Europe and North America. But awareness is rising in big developing and emerging markets that suggests the growth will continue....
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16/1/2023
Year 2022 was all about positivity and hope for the fashion industry with much hype about the return of consumers after two years of lockdown and uncertainty. Many brands went on to invest in more “on trend” collections that addressed sustainability and eco-consciousness. Fast fashion was pulled up for its wasteful and environment-damaging ways and brands jumped on the socially-conscious bandwagon. Now, that we are in 2023 and the celebratory confetti of 2022 have settled down on the ground, the sector’s emerging picture looks a little different as quite a few negative trends come to the fore affecting businesses worldwide....
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16/1/2023
This year has kicked off with several reports suggesting that, yet again, the bad purchasing practices of fashion brands and retailers are resulting in the mistreatment of garment suppliers and as a consequence garment workers. But, time has run out and it must stop now.
The fashion industry’s reputation for violating garment workers’ labour rights has existed for years and the term ‘sweatshop’ is still used to explain negative working conditions across any industry – not just fashion....
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16/1/2023
Some 3000 chemical and 300 textile industry plants in the EU will have to comply with new legal norms adopted under the EU Industrial Emissions Directive to reduce their environmental impact.
The new European Commission Decisions refer to the management and treatment of waste gas in the chemical sector and a series of activities in the textile industry....
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16/1/2023
Europe’s secondhand apparel market is growing at eight per cent a year.
Vintage and secondhand clothing play an important part in fashion sustainability. Although Russia and Eastern Europe are known for their secondhand stores and markets, buying secondhand garments was considered a sign of poverty in the Soviet Union. For the newer generations, things are shifting....
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13/1/2023
Maternity apparel is no longer a shapeless outfit designed for maximum comfort and nothing else. Contemporary mothers-to-be see no reason that maternity apparel can’t be stylish and fashionable as they juggle a normal work and social life. Scores of social media influencers, fashion magazines and celebrities have changed the way maternity clothing is looked at and pregnant women are lapping up this niche clothing lines world over....
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13/1/2023
Retail prices for garments in the United States increased by four per cent year over year in November 2022. Month over month retail prices were 0.3 per cent higher. Compared to the average before Covid, clothing prices were 1.7 per cent higher. In November, consumer spending was flat month over month and two per cent higher year over year. Spending on clothing was 0.8 per cent lower month over month and up 0.1 per cent year over year....
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11/1/2023
Slow and steady growth may win in the end for apparel in 2023. It's not as sexy, but it's real and that's something for the industry to consider as it wakes up from its New Year hangover, writes Robert Antoshak, Gherzi Textil Organisation partner.
As we begin another year, it’s hard not to worry about our industry’s prospects and opportunities for growth. For sure, the industry has been knocked around over the past few years and 2022 was no exception....
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10/1/2023
The latest data from the US Office of Textile and Apparel (OTEXA) reveals that US apparel import volumes fell sharply in November, representing the worst performance since the pandemic.
US apparel imports, according to the latest data from OTEXA for the month of November, fell by more than 30% in quantity from a year ago, and nearly 15% in value....
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10/1/2023
January imports into the US appear to be returning to what was normal prior to 2020, according to the latest figures from the National Retail Federation (NRF) Global Port Tracker.
With a pandemic-driven surge finally over, monthly import cargo volume at the nation’s major container ports has fallen below the 2m Twenty-Foot Equivalent Units mark– one 20-foot container or its equivalent – and should remain there through most of this spring, according to the Global Port Tracker report released by The National Retail Federation and Hackett Associates....
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9/1/2023
The apparel retail and business analysts at Just Style's parent company, GlobalData, held a webinar recently to round up the key themes and trends that have taken the industry by storm, and uncover what the industry will encounter in 2023 and beyond.
In the webinar titled ‘Key Themes shaping the future of the global apparel market’, GlobalData’s group retail research director, Maureen Hinton, along with apparel analysts summarised major challenges that will be plaguing the apparel industry across the world in 2023. Moreover, they highlighted themes and trends for the upcoming year which are expected to shape and dominate the industry moving forward....
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9/1/2023
The children’s wear industry is becoming sustainable. Parents belonging to the eco-conscious age are readily exercising conscious consumption for their children. They are cognizant of the fact that sustainable clothing has a twofold benefit where it serves the larger cause of rendering a greener environment and at the same time vouches for comfortable organic clothing for children....
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9/1/2023
Big data is the boon the fashion sector has been bestowed with. The primary aim is to identify customer segment through the analysis of customer preferences worldwide and provide insights into the changes in mindset with culture. With this, fashion retailers can target a wider audience for their designs, thus, bringing more potential for outreach and revenue. Big data can also drive one-to-one engagement with shoppers. With nearly 1 in 3 people making purchases online, many fashion companies have personalized their e-commerce journeys. Brands have been able to offer customers what they want and when they want it to cultivate loyalty....
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9/1/2023
January is always a sobering month for retailers. Consumers are cutting back after the expense of the festive period, non-essential spending is significantly reduced, and retailers are looking ahead to the remainder of the year with caution as they attempt to evaluate how rising mortgage costs, energy price rises and inflation in essential goods will affect their bottom line during 2023. Couple that with rising supply chain costs and forecasting for the year ahead is coming with a great deal of uncertainty....
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6/1/2023
In a market fraught with post-lockdown effects and a serious energy, housing and inflation crises, the Fraser Group, Next, Primark, Marks & Spencer, French Connection among other brands shone like beacons of hope for the whole sector in the UK in 2022. High street brands in the UK proved their resilience and might by taking on the post-pandemic challenge head on and winning. As per Drapersonline, the list of winners is led by the Fraser Group, Primark, Marks & Spencer, French Connection among others too showed the way....
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6/1/2023
The fashion industry has been trying to overcome environmental issues for quite a while, with limited success, until the era of biomimicry.
Biomimicry presents a raft of options to the fashion industry that can be used to achieve true sustainability, which has been found to be a little more complicated than once assumed, with the acknowledgement of microplastic pollution and microfibre waste....
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6/1/2023
Just Style has evaluated the scores within GlobalData's Apparel Intelligence Center to reveal the top ten apparel sourcing countries to watch in 2023.
Once again, we have a real mix of likely and unlikely suspects in Just Style‘s top ten list of apparel sourcing countries to watch in 2023, including two intercontinental countries and two based in Central America....
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5/1/2023
US retailers seeking clothing made from recycled materials are relying more heavily on countries closer to home to meet their sourcing needs, rather than Asia, a new study has revealed.
The latest issue of Sustainability features a new study which explores US retailers’ sourcing strategies for clothing made from recycled textile materials and suggests that while the vast majority (over 90%) of US regular new clothing came from developing countries as of 2022, as many as 43% of the sampled clothing items made from recycled textile materials were sourced from developed countries....
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4/1/2023
Recycling textiles through sophisticated industrial processes in the apparel segment is now a thing and it’s not easy. It’s now more of an obligation rather than a choice for EU countries to collect and sort their used textiles so that there is less wastage in the apparel segment as a whole. It’s still a niche yet essential segment with the USP of being environmentally friendly. However, there is no sure fire way to ensure the quality of fibres used and blending ratios of the chemicals used in dyes, prints and other variables does not hinder the recycling process or lower its efficiency to make it unpractical in the long run....
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4/1/2023
Like it or not, the future of China as a market or sourcing base for Western fashion companies remains one of the most heated debates in 2023. University of Delaware's associate professor of fashion and apparel studies, Dr Sheng Lu, uses GlobalData's apparel brand and retail filings to investigate.
China is a US$300-$350bn annual fashion retail market, but its economic growth has slowed amid various new uncertainties in recent years. Likewise, while China continued to serve as the largest source of apparel for many Western markets statistically, its prospect is shadowed by the ongoing trade and geopolitical tensions with the United States, increasing competition from other exporting countries, and fashion companies’ switch to nearshoring....
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3/1/2023
To achieve a more sustainable future, the UK apparel industry must embrace technology, collaborate across the supply chain, promote employee well-being and win buy-in from the very top. So says business information company Textiles Intelligence.
Technology will form the backbone of the industry’s strategy of achieving sustainability. In fact, digital technologies will represent an essential component in the delivery of the change which the industry requires in order to realise a more sustainable future....
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3/1/2023
The US apparel industry has welcomed the passage of the INFORM Consumers Act, after the legislation was voted on in the US Senate and House.
The Integrity, Notification, and Fairness in Online Retail Marketplaces (INFORM) Consumers Act (Inform) legislation was introduced in October last year. It aims to increase online marketplace transparency and accountability to combat what is being described as the rapidly growing problem of fakes and stolen goods sold through these channels....
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3/1/2023
The National Cotton Council (NCC) has applauded the approval of legislation by the US House and Senate Committee to help stabilise and offer relief to the country’s cotton sector.
The assistance, included in the FY23 omnibus spending package, includes US$3.74bn for disaster assistance for US ranchers and farmers, including cotton and other row crop producers....
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3/1/2023
2023 in the apparel world – a new year, a fresh opportunity to look at the successes and losses of the previous one, manifesting our wins for the next 12 months and weighing up a game plan to tackle our worries. Grab that cuppa, sit back as we might be here a while.
When the Covid pandemic hit (all those years ago), the expectation was apparel supply chains, and the apparel industry overall would return to normal operations by 2023. But the last three years have been anything but normal. It’s already a rocky start to 2023 for global apparel supply chains, as Covid again rears its ugly head....
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28/12/2022
Retail sales in the US rose seven per cent between early November 2022 and December 2022 end. So says Mastercard. This encompasses a majority of the holiday season as steep discounts lured deal-hungry consumers. However, this year's holiday retail sales growth is less than the eight per cent increase last year as decades-high inflation, rising interest rates and the threat of a recession turned consumers cautious....
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28/12/2022
Formal wear is a niche in the fashion sector that proves difficult to gauge statistics wise simply because the definition wise formal wear includes a wide range of apparels and continues to expand. Post pandemic, the lines have blurred as traditional occasions for formal wear have lessened and its definition even more diluted....
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27/12/2022
The European textile industry is facing a loss of competitiveness. For one the energy cost in Europe is six times higher than in the US, China, and neighbouring countries. This factor alone has almost erased the business case for producing in the EU. At present, many textile and clothing companies are producing at net loss or have shut down production. Industrial conditions have worsened in such a way that there is no business case to invest in Europe or buy products produced or processed in the EU....
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26/12/2022
The secondhand luxury goods market is growing at nine per cent a year. Secondhand luxury goods represent premium personal products that are purchased by a second or later end-user.
They generally include antique furniture, footwear, apparel, artwork, jewelry, and fashion accessories such as bags and watches. Several luxury goods are usually durable with an extended warranty period, which makes them suitable for the resale market. In line with this, the re-selling of these items instead of discarding them also offers economic benefits to the seller....
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26/12/2022
For the first nine months of 2022, the EU’s apparel imports grew by 25 per cent.
Apparel imports from China grew by 25 per cent. Imports from Turkey grew by 14 per cent. Imports from India grew by 25 per cent. Imports from Vietnam grew by 29 per cent. Imports from Pakistan grew by 30 per cent, Cambodia 41 per cent and Morocco 12 per cent during the January to September period of the current year. And imports from Bangladesh grew by 43 per cent....
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26/12/2022
The maternity clothing market is growing at six percent a year. The market is expanding thanks to a growing number of working women who do so even while pregnant.
Modern mothers are increasingly choosing maternity clothes that are appropriate for the occasion and the location, thanks to the rising influence of fashion magazines, social media, and celebrity endorsements on millennials. Several clothing companies are concentrating on creating new and fashionable maternity collections in order to take advantage of the growing demand for maternity gear....
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23/12/2022
The market for denim fabrics is growing at four percent a year.
The United States will be the largest market, with India likely to experience the most growth, followed by China and Latin America.The market was 3,299.36 million meters in 2016. It reached 3,576.68 million meters in 2018, 3,429.93 million meters in 2019, 3,737.21 million meters in 2020, and 4,105.64 million meters in 2021.Despite being smaller than China, Latin America, and the United States, India’s market is expected to grow at the fastest rate between 2018 and 2023. India’s market is supposed to arrive at 419.26 million meters in 2023 from 228.39 million meters in 2016. It has the potential to reach 382.49 million meters this year....
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22/12/2022
Sourcing diversification, supply chain agility and sustainable operations are key for brands to navigate the current crisis and successfully sail through 2023.
2023 is around the corner and three years post-Covid; global apparel supply chains are still in limbo. While the initial fallout was a result of dampened consumer demand leading to order cancellations at the supplier end, headlines in the subsequent years have been dominated by higher raw material costs, increased fuel and shipping costs, rising inflation and a cost-of-living crisis that is having a detrimental effect on consumer spending. Following on from our Outlook 2023: Challenges and Opportunities feature, we now consider the steps brands need to take to ensure survival including sourcing diversification, creating a more agile supply chain and shifting to a more sustainable operation....
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22/12/2022
The European Energy Ministry has finally set a 'market correction mechanism' and capped gas wholesale prices to support the economy and industry against wavering prices, however, Euratex says the textile industry needs more support against foreign markets.
On Monday (19 December), the EU energy ministers reached a temporary consensus on setting the market correction mechanism to protect its citizens and the market from excessive gas prices after months of deliberation....
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21/12/2022
The lastest Covid outbreak sweeping China has begun impacting the global textile and apparel supply chain, an industry expert has warned, raising uncertainty over production delays and factory closures.
The Omicron variant of the Covid virus is making its way across several big cities in China after President Xi Jinping made a U-turn on his former zero-Covid policy of containment earlier this month....
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20/12/2022
2023 could be a year full of risks but also opportunities for the industry.
The Ukraine war, inflation, soaring energy costs and a turbulent market environment are all taking their toll on the global apparel and textiles industry. Weakened consumer demand is inevitable next year, while the US and China trade war is likely to continue impacting supply chain decisions. While challenges will be rife, opportunities will be found in sustainability and reducing waste, investment in technology and exploring ways to bring the supply chain closer to home....
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19/12/2022
Cotton had enjoyed significant growth and prices for a while but the current status is that its consumption worldwide is on the downslide with China, India and Pakistan, the three of cotton’s largest customers, slow down on cotton requirement. As per recently released US Department of Agriculture (USDA) figures, China being the largest customer and importer is the industry barometer on the direction in which cotton heads and statistics reveal in China, consumption projected down one million bales this month to 35.5 million, marginally above the previous year but more than five million below two years prior. USDA cites many reasons such as declining supplies, downsizing of orders for yarn from fabric and apparel companies, lower profit margins for spinning mills and the overall higher inflation across the board....
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19/12/2022
Fast fashion is going out of fashion, but a complete industry transformation will take time. In an exclusive interview, the International Apparel Federation’s (IAF) president, Cem Altan discusses the need for education, digitalisation, higher quality pieces combined with lower production to reduce waste as well as fairer prices to ensure everyone embarks on the journey together....
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19/12/2022
United States Trade Representative Katherine Tai has spoken of the significance of Africa’s integration into global supply chains after the signing of an MoU between the two nations.
During the US-Africa Business Forum, a Memorandum of Understanding was signed on Cooperation for Trade and Investment between the US and the African Continental Free Trade Area with Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, Wamkele Men.
“The future is Africa – for the United States and the global economy,” Tai said in a statement following the Forum....
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15/12/2022
European social partners representing those working in the EU clothing and textile sector have outlined several points they say the EU Commission needs to consider to ensure the forthcoming industrial policy is "fit for purpose".
IndustriALL European Trade Union and Euratex note the EU’s forthcoming industrial policy, which features a strategy for sustainable and circular textiles, aims to ensure that by 2030, textile products placed on the EU market are long-lived and recyclable with the industry moving from a linear to a circular business model....
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15/12/2022
The UK consumer price index (CPI) rose by 10.7 per cent in the 12 months to November this year, down from 11.1 per cent in October. On a monthly basis, CPI rose by 0.4 per cent during the month compared with a rise of 0.7 per cent in November last year. Prices of clothing and footwear rose, overall, by 7.5 per cent in the year to November 2022, down from 8.5 per cent in October....
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14/12/2022
The growing personalised fashion market is ripe for the taking. In a Just Style exclusive, Michael Colarossi, vice president, product line management, innovation, and sustainability at custom design and manufacture specialists, Avery Dennison Retail Branding and Information Solutions (RBIS), explains how mainstream fashion brands can capitalise on this lucrative opportunity....
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14/12/2022
Fashion brands that do not conduct business with a sustainability-first approach are putting their future profitability at risk, industry experts warn.
As due-diligence legislation across the globe moves closer to being realised, fashion brands are being warned to take the necessary steps to future-proof their supply chains from a sustainability perspective before it is imposed upon them....
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13/12/2022
The US Administration has not given an indication to date on whether it intends to lower, or eliminate, the Section 301 additional tariffs it has imposed on imported goods from China.
According to international law firm Travis, Sandler & Rosenberg, there are a number of ways for importers, exporters, and manufacturers to effectively escape or limit the impact of these tariffs....
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13/12/2022
Supply chain agility will be crucial for clothing brands looking to secure their industry positions and grow in a world where macroeconomic pressures are increasingly making for a difficult business environment, a group of experts has conceded.
Over the last three years, the Covid pandemic, rising wages and transport costs, a shortage of workers and rising inflation impacting consumer spending, have all contributed to chaos in global clothing supply chains....
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13/12/2022
The value of UK goods imports decreased by £1.4 billion, or 2.6 per cent, in October this year, according to the Office of National Statistics (ONS). However, removing the effect of inflation, imports of goods rose by £0.9 billion, or 2.3 per cent. The value of goods exports fell by £0.7 billion, or 2.2 per cent in the month, with exports to both European Union (EU) and non-EU countries falling....
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12/12/2022
With the Bank of England predicting the UK will be mired in recession until the second half of 2024, the country’s clothing industry has been left considering how much worse the slump will be due to Brexit. Keith Nuthall investigates.
The UK’s central bank has put Brexit aside to focus on more recent challenges – saying that “high energy prices and materially tighter financial conditions” (through interest rate increases fighting inflation) “will weigh on spending”....
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12/12/2022
From January 2022 to October 2022, America’s apparel imports grew by 30 per cent.
Imports so far in 2022 have been the best of all time surpassing previous best figures that were witnessed during the same period in 2019.With a substantial rise in import values, all Asian apparel exporting countries experienced increase in their shipment to the US during January 2022 to October 2022. Imports from Bangladesh grew by 48 per cent. Imports from China grew by 20 per cent. Imports from Vietnam grew by 18 per cent. Imports from India were up by 45 per centwhile shipments from Indonesia to the US were up 47 per cent....
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12/12/2022
From January 2022 to October 2022 jeans imports into the United States increased by 24 percent.
As retailers and brands brought in goods for their final fourth-quarter push, women’s and girls’ blue denim trouser shipments slightly surpassed men’s and boys’ jeans imports. Imports of women’s jeans rose by 25 percent while imports of men’s jeans were up 24 percent....
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9/12/2022
Will China remain a stable, reliable supplier to the world's clothing brands? That's the question of the day for the apparel industry, writes Gherzi Textil Organisation partner, Robert Antoshak.
There was a fire in Urumqi, China. And repercussions in Beijing. Media reports suggest ten people died in a high-rise fire recently. A tragedy. But for some observers, the tragedy was avoidable; if only firefighters had arrived at the building sooner....
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9/12/2022
The latest data from the US Office of Textile and Apparel (OTEXA) reveals that during October, apparel shipments into the US fell year-on-year as consumers cut spending habits on money worries.
US apparel imports, according to the latest data from OTEXA for the month of October, fell by more than 22% from a year ago, the worst performance since the pandemic....
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9/12/2022
December imports into the US will be “significantly below records set earlier this year”, according to the latest figures from the National Retail Federation (NRF) Global Port Tracker.
The Global Port Tracker from NRF and Hackett Associates notes that while monthly cargo numbers for the US repeatedly broke previous records this spring before hitting a new all-time high of 2.4 million Twenty-Foot Equivalent Units – one 20-foot container or its equivalent – in May, volume has fallen since and Hackett Associates Founder Ben Hackett said current lower imports are the result of retailers balancing inventory built up earlier against slowing consumer demand and expectations for 2023....
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8/12/2022
US and European clothing brands are increasingly turning to Egypt for their sourcing needs; a country offering shorter lead times as supply chain upheaval globally leaves brands in limbo.
While sluggish consumer demand in the US and Europe has seen sourcing orders slow in the third quarter of 2022 – after a spike post-Covid – many clothing suppliers are still betting on Egypt for the future....
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8/12/2022
US’ imports of textiles and apparel have continued to grow despite the impact of the economic challenges on discretionary expenditure globally. It rose by 22.76 per cent to $114.787 billion in the first ten months of 2022, compared to $93.505 billion in the same period of 2021. With 25.60 per cent share, China continues to be the largest supplier of textiles and clothing to the US, followed by Vietnam with 14.53 per cent....
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7/12/2022
Economic activity in the US manufacturing sector contracted in November 2022 for the first time since May 2020.
The November manufacturing Purchasing Managers’ Index registered 49 percent, 1.2 percentage points lower than the 50.2 percent recorded in October 2022. Six manufacturing industries reported growth in November, led by apparel, leather and allied products, while among the 12 industries reporting contraction were textile mills, furniture and related products....
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7/12/2022
Investment in growing Africa's clothing sector is being stunted as consumers cut spending on the back of rising inflation and concerns of a looming recession.
The US and Europe, two primary export markets for Africa, are seeing their consumers reduce spending as inflation and recession concerns grow, hampering a rebound for the textile and clothing sector following the Covid-19 pandemic....
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7/12/2022
Some brands have been so preoccupied with sustainability messaging and marketing that they've forgotten to put their money where their mouth is, writes Coats Digital's brand director Stuart McCready-Stocks.
We all know the fashion industry and fashion brands have a bad rap when it comes to sustainability and the environment. We know our industry is the second largest polluter on the planet – responsible for 10% of all global greenhouse gases and 79 billion cubic metres of water every year....
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5/12/2022
Jerseys and T-shirts will be the top performing products in the apparel segment during 2020-2025. The global jersey market is expected to grow at a compound annual growth rate (CAGR) of 6.78 per cent in this period, while that of T-shirts may grow at an annual rate of 6.55 per cent. Global apparel market is expected to grow at 4.50 per cent to reach $1,574 billion by the end of 2025....
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2/12/2022
US’ imports of knitted sportswear are on an annual growth trajectory. The COVID-19 pandemic had slightly affected the shipment, but it recovered soon. Latest data shows that the US’ imports of the product were worth $61.091 million in the first nine months this year. Last year, the country’s imports of these apparel products had amounted to $72.614 million....
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1/12/2022
The US apparel and retail sectors have welcomed a move by lawmakers to pass legislation to prevent a rail strike they said could “devastate” the country’s economy and impact their sectors.
The US House voted this week to approve H.J. Res. 100. The resolution, which now heads to the Senate, will implement the Tentative Agreement that was negotiated between the administration, the rail labour unions and the railroads....
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1/12/2022
Due to the energy crisis in Europe it has been receiving requests for thicker winter clothing to cope with the cold since the use of in-house heaters has been reduced. So that is a market in which Hayleys sees an opportunity. Hayleys Fabrics, based in Sri Lanka, produces around 17,326 metric tons of fabrics a year....
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1/12/2022
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....
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1/12/2022
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 sector....
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30/11/2022
The global fashion industry is headed for a global slowdown in 2023, a new report has revealed, with supply chain pressures, the Ukraine war and rising inflation all creating a bleak picture.
McKinsey & Company’s annual The State of Fashion 2023 report published with The Business of Fashion, highlights how over half of global fashion industry executives expect conditions to worsen in 2023....
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29/11/2022
The global sportswear market is growing by six per cent a year. The rising demand for comfortable yet stylish apparel is driving the sports wearables market growth. During the lockdown, consumption has increased even more. Besides, its use while playing sports and exercising, this comfortable apparel can be worn at and off home. Demand for joggers, hoodies, and sneakers has increased in large numbers and varieties by adults and children. The footwear segment holds a market share of 33 per cent. This is attributable to increased sports activities worldwide and growing awareness about various fitness programs....
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29/11/2022
American imports of suits from January 2022 to September 2022 grew by 105 per cent. Of total suit imports, US imports from China grew by 158 per cent year on year. Suit imports from Vietnam and Indonesia grew by 148 per cent and 216 per cent. Suit imports from India grew by 93 per cent. And imports from Bangladesh grew by 142 per cent....
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29/11/2022
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 2022....
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29/11/2022
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. Next year will likely be a continuation of what the fashion industry faced in the second half of 2022....
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28/11/2022
America’s imports of garments between January 2022 to September 2022 increased by 34 per cent. However imports in September 2022 fell compared to imports in August 2022. Though the import value fell in September, it is still the second highest in 2022. All major Asian apparel exporting countries have seen significant increases in their shipment to the US during January to September. China is still the largest supplier to the US though its share in the US market has shrunk to 22 per cent in 2022 compared to 2021....
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28/11/2022
Just Style catches up with Euratex green chief Mauro Scalia to understand the impact of the incoming German Due Diligence law on fashion brands where their supply chains are concerned.
From January 2023 brands selling fashion in Germany, or operating within the country will be bound by the Due Diligence Law concerning environmental and social responsibility....
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26/11/2022
The global denim market is growing at six per cent a year. Major factors that are expected to boost the growth of the denim market are the rise in the urbanization and the increasing trend of denim shirts. The growing popularity of stretchable denim jeans by blending cotton with synthetic material is further anticipated to propel the growth of the denim market. The rise in consumer income levels is escalating the growth of the denim market....
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26/11/2022
The European Union’s imports of textile and apparel increased 13 per cent in August 2022. From January 2022 to August 2022 the year on year increase was ten per cent. In terms of import value, textile and apparel imports in August 2022 were up 50 per cent and the cumulative year on year growth rose 35 per cent from January 2022 to August 2022....
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21/11/2022
Based on the latest trade data released by the Office of Textiles and Apparel (OTEXA) and the US International Trade Commission (USITC), this article analyzed the US apparel import patterns in the first three quarters of 2022.
The findings, outlined by Dr Sheng Lu, associate professor in the Department of Fashion and Apparel Studies at the University Delaware, help fashion brands, retailers, and suppliers navigate the shifting business environment and capture the critical emerging US apparel import trends....
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21/11/2022
UK retail sales volumes rose by 0.6 per cent in October 2022 compared to the previous month.
So says the Office for National Statistics. The value of retail sales rose 1.8 per cent compared to the previous month. Looking purely at volumes and on a month-on-month basis, increases were seen in all of the main sectors apart from food stores. Non-food stores sales volumes rose by 1.1 per cent. Clothing stores sales volumes rose by 2.5 per cent month on month but were 3.7 per cent below their February 2020 levels. And department stores volumes fell by 0.3 per cent. The proportion of retail sales taking place online was 26.1 per cent, a broadly consistent level since May 2022....
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19/11/2022
Factory workers in apparel supply chains across the globe are more likely to quit due to wage and benefit violations, relative to violations of other code provisions, such as environment protection and safety standards, according to a new study.
For the study, Professor Sarosh Kuruvilla, from the School of Industrial and Labor Relations (ILR), Cornell University, and his co-author, Chunyun Li, from the London School of Economics and Political Science, secured data from a multinational company, dubbed Pangia, and compared code violations and turnover rates at 622 factories in 28 countries, according to a press release by ILR....
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18/11/2022
US retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season, the National Retail Federation (NRF) said.
“October retail sales data confirms that consumers continue to stretch their dollars on household priorities, including gifts for family and loved ones this holiday season,” NRF President and CEO Matthew Shay said....
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16/11/2022
The World Trade Organization (WTO) has called for developing countries and LDCs to explore ways of diversifying their exports to include “climate-conscious” products.
Speaking at a WTO event on the sidelines of the COP27 climate summit in Sharm El-Sheikh, UNCTAD Secretary-General Rebeca Grynspan cited the urgent need to transition to low-carbon economies. She said product standards are a considerable barrier for developing countries but that there were some companies that are ready to make the transition that should serve as an example....
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16/11/2022
The UK, US, Norway and the Netherlands have pledged to roll out green maritime links between the countries at this year’s COP27 conference in Sharm el Sheikh, Egypt.
So-called ‘green shipping corridors’ are specific maritime routes decarbonised from end to end, including both land-side infrastructure and vessels.
Setting up such routes involves using zero-emission fuel or energy, putting in place refuelling or recharging infrastructure at ports, and deploying zero-emission capable vessels to demonstrate cleaner, more environmentally-friendly shipping on a given route....
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15/11/2022
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 clothing at work as well? In a study, Technavio, a leading global market research company has stated the global category classified as sleepwear and loungewear is experiencing growth momentum since 2022 with CAGR of 10.21 per cent. The categories’ market share is predicted to reach $29,398.4 million in the next five years with the market growth at a 9.66 per cent year on year. The report was compiled after researching consumers in APAC, Europe, North America, South America, and the Middle East and Africa....
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14/11/2022
The US consumer price index for all urban consumers (CPI-U) rose by 0.4 per cent in October on a seasonally-adjusted basis, the same as in September, according to the US Bureau of Labour Statistics (BLS). Over the last 12 months, the all items index increased by 7.7 per cent before seasonal adjustment. The energy index increased by 1.8 per cent over the month as the gasoline and electricity indices rose, but the natural gas index decreased....
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11/11/2022
There is no dispute over the tremendous success of fast fashion and despite questions being raised about it using the planet as a dumping ground, its popularity continues. Globally, this segment of the fashion industry grew from $91.23 billion in 2021 to $99.23 billion in 2022 at a compound annual growth rate of 8.8 per cent. Millennials and Gen Z can’t seem to have enough of it with the lure of quick trends and affordable pricing. However, as this consumption continues, there is a cost that the planet is paying....
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10/11/2022
New research from Avery Dennison suggests US$15.3bn is lost as a result of supply chain waste stemming from stock inefficiencies.
Data gathered in Avery Dennison’s new report The Missing Billions: The Real Cost of Supply Chain Waste suggests 6% of stock is lost – either through the 2% which is damaged or perished or the additional 4% which is overproduced. This loss is the equivalent of 3% of annual profits....
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9/11/2022
US denim imports in September 2022 rose 27 per cent compared to September 2021. However this is a decline from a 31 percent rise in the first eight months of the year and a 42 percent first-half rise.
A slowdown in consumer demand has caused merchants to take stock of their inventory positions. US denim imports in September 2022 from Bangladesh increased 42 percent year over year. This was down slightly from a 46 percent hike in August 2022....
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8/11/2022
Non-food retail sales in the UK fell 1.2% in the three months to October, with clothing and footwear sales declining in particular according to the British Retail Consortium (BRC).
The BRC’s chief executive Helen Dickinson has warned for many, Christmas will be more gloom than glitter as families focus on making ends meet with mortgage payment rises, and retail could be set for a bumpy ride ahead as a result.
Non-food retail sales in the UK fell 1.2% in the three months to October, with clothing and footwear sales declining in particular according to the British Retail Consortium (BRC).
The BRC’s chief executive Helen Dickinson has warned for many, Christmas will be more gloom than glitter as families focus on making ends meet with mortgage payment rises, and retail could be set for a bumpy ride ahead as a result....
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4/11/2022
Robert P. Antoshak, Gherzi Textil Organisation partner explains why all roads seem to indicate the end of globalisation for the apparel industry and what it means for sourcing executives moving forward.
We’ve read the headlines. Seen the markets. Experienced changes in everyday life. Stuff costs more or is harder to get. We live in a time of rapid change — and unwinding. In fact, some say we’re living through the end of globalisation for the apparel industry. That may be an exaggeration, but the fundamental underpinnings supporting globalisation are weakening....
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3/11/2022
The apparel manufacturing industry recorded the highest growth in October, according to the US Purchasing Managers’ Index (PMI), which was down on last month at 50.2%.
The US manufacturing sector continues to expand, but at the lowest rate since the coronavirus pandemic recovery began, according to the Institute for Supply Management (Ism) Manufacturing Business Survey Committee....
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2/11/2022
Fashion industry is always the scapegoat when it comes to pollution and environmental damage. While many experts claim the industry is second biggest global polluter in after oil and is responsible for 20 per cent of water pollution and 10 per cent of carbon dioxide output, there is no strong research evidence to back this claim....
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1/11/2022
With ongoing price increases making shoppers increasingly selective about where they shop and what they buy, it is more crucial than ever for apparel retailers to pay close attention to their customers’ needs.
In GlobalData’s UK monthly survey conducted in September 2022, value for money was highlighted as the most influential apparel purchase driver for consumers, so retailers must offer good quality, classic and multifunctional products to reduce cost per wear. GlobalData’s apparel analyst Pippa Stephens explains....
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31/10/2022
The global intimate wear market is growing by eight per cent a year. Rise in awareness regarding hygiene, fluctuation in demographic dividends, and customization of product portfolios are boosting the growth of intimate wear market. New measurement and design techniques combined with production methods and innovative materials are transforming the quality, range, and applications of intimate wear....
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31/10/2022
The apparel market in the Asia Pacific (APAC) region is expected to reach a compound annual growth rate (CAGR) of 9.3% between 2020-2025 according to the latest figures from GlobalData, and brands are being urged to capitalise on the growing opportunity in resale.
According to a report from GlobalData, the resale market is growing in popularity among APAC consumers, with 27% of shoppers intending to purchase clothing via resale in the next 12 months....
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31/10/2022
Sustainability and brand authenticity are key decisions for UK shoppers when making a fashion purchase, new data shows. According to the latest research from ecommerce platform Centra, UK consumers are increasingly rating sustainability and brand authenticity as key consideration factors in their fashion buying decisions....
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28/10/2022
The pandemic rang in bad tidings for apparel exporters in South and Southeast Asia as the dip in US’ imports was significant. Compared to imports worth $111.033 billion in 2019, year 2020 recorded a dip to $89.596 billion. The trend took an upward turn in 2022 as The US Department of Commerce released figures for the first half of the year. The import figures indicate that US economy is witnessing fast recovery, and the world’s largest economy is continuing to support economic recovery in developing countries....
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28/10/2022
The global fast fashion market size is expected to grow from $91.23 billion in 2021 to $99.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.8 per cent. The fast fashion market is expected to grow to $133.43 billion in 2026 at a CAGR of 7.7 per cent. Whilst the numbers look very attractive, it is actually an indication of how this sector can drastically affect the planet with harmful effluents and emissions. Major players in the fast fashion market include Zara (Inditex), H&M Group, Fast Retailing (Uniqlo), Gap, Forever 21, Mango, Esprit, Primark, New Look, and River Island. Western Europe was the largest region in the fast fashion market in 2021. Asia Pacific was the second largest region in the fast fashion market. This is what the EU is afraid of....
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27/10/2022
Amid consumers’ financial concerns and economic uncertainties heading into the holiday season, fourth-quarter apparel industry sales are expected to decline in the US. With average prices forecasted to rise 2 per cent, dollar sales are projected to fall by 1 per cent, according to the National Purchase Diary Panel (NPD) Group....
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25/10/2022
The global garments market is growing at four per cent a year. High-end and luxury brands are moving towards a see-now-buy-now model, in order to capitalize on consumers inclination for discretionary expenditure, thereby appealing to their desire for instant gratification.
Reshoring (in the United States and Europe) and sustainable production are key strategies of manufacturers who are making significant investments in order to gain higher social acceptance, and to ensure faster deliveries with provisions for customizations....
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24/10/2022
Polyester yarns already make up nearly half the world’s clothing and even this figure is set to increase, as the athleisure, activewear and performance wear clothing trend becomes even more popular with consumers looking for stretchable and resistant garments.
This would mean good news for the casual wear segment, if only polyester was a more sustainable and environment-friendly textile option. Being made from Polyethylene Terephthalate (PET), which is the most common type of plastic in the world, it remains an environmentally harmful plastic that will eventually become waste and increase the global microplastic problem....
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24/10/2022
Around 15 per cent of global fashion consumers are concerned about sustainability and consistently make purchasing decisions to lower their impact. But this percentage is likely to increase sharply, to more than half of fashion consumers as more shoppers gravitate towards sustainable practices in the coming years, creating new opportunities for brands....
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21/10/2022
An all-new body positivity and size inclusivity fashion portfolio that includes clothes that suit a diverse range of body types is the latest buzzword among brand and retailers these days. There is currently a strong focus on launching a more versatile plus-size portfolio in response to increased demand for this segment.
Although the pandemic affected the sales of plus-size clothing due to inherent manufacturing concerns such as fabric and labour shortages, order cancellations, lower exports as well as tight purse strings on non-essential items, the demand for this segment is now back with a vengeance....
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21/10/2022
The athleisure market is growing at nine per cent a year.
North America dominates the global market. Customers in North America indulge in fitness/sports activities, which is driving the demand for athleisure in the region. Moreover, the increasing presence of international and domestic brands, and the rising disposable income of people, coupled with the desire to adopt improved lifestyles, is bolstering the demand for athleisure in the region....
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21/10/2022
The denim market is growing at six per cent a year. Rise in disposable income levels is escalating the growth of the denim market.
Other major factors are the rise in urbanization and the trend of denim shirts. The growing popularity of stretchable denim jeans by blending cotton with synthetic material is further anticipated to propel the growth of the denim market. Moreover, initiatives to improve product manufacturing are further estimated to cushion the growth of the denim market....
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21/10/2022
After making a strong recovery from the pandemic, Europe’s luxury goods industry must now contend with the challenges brought by much higher than anticipated inflation, particularly around energy prices.
Almost 30 per cent of the European luxury goods industry's revenues are derived from abroad, with travel a key driver of income. The industry, which is at the very top of the consumption pyramid, managed to exit the pandemic in a stronger position than many others by significantly improving e-commerce coverage, especially with regards to the all-important Asian customers, who were affected by strict travel restrictions....
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21/10/2022
Over 60 per cent of consumers in the US will cut down on non-essential categories like apparel, footwear, jewellery, and accessories if they are forced to reduce their holiday shopping budget. So says International Business Machines (IBM).
Nearly half of consumers will spend less if inflation continues to drive price increases. As Covid pandemic concerns abate for many consumers, worries are shifting towards uncertain economic and supply chain conditions this holiday season....
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20/10/2022
As the effect of stimulus dollars wanes and consumers spend more on services, demand for goods like apparel could slow, according to a recent report by Cotton Incorporated. Consumer spending pattern have changed, with stimulus supporting increased spending on goods. The shipping crisis has also made it difficult for retailers to keep up with consumer demand....
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18/10/2022
With the global menswear market expected to register a CAGR of 5.7% during the forecast period of 2022 to 2027, the demand for occasion-specific clothing among a rising class of consumers with more spending power.
Chinos and casual wear garments are the bestsellers
The global menswear product portfolio is segmented by product type, distribution channel, price ranges, and geographical layouts among others. The distribution retail market is segmented into offline and online retail stores in both emerging and established markets across the globe. The versatile product portfolio for 2022 includes new trends such as athleisure, high-street, anti-fit, sustainable fashion, and androgynous fashion. Commando shoes, bowling shirts, and ethical fashion apparel as an addition to the usual portfolio of top and bottom wear....
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18/10/2022
Post pandemic, the US is sitting pretty, watching the US dollar rise in value and other currencies decline. The latest on the Euro is that hit a 20-year low and the Pound Sterling just experienced a crash that it hadn’t seen in the last 40 years. In this currency related chaos, exporters from countries with weakening currencies are hoping to cash in on lower prices but there is a flip side to it – importing the raw material is becoming dearer, therefore shooting up production costs locally....
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18/10/2022
We are in the midst of a real-time, seismic shift as consumers transform expectations of global supply and demand models.
The pandemic exposed the fragility of many supply chain networks. Global economies and brands suffered from an inability to adapt dynamically to shifting signals of demand, consumer preferences, labour requirements, and transportation, storage, inventory, as well as trade policy changes....
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14/10/2022
The European Union (EU) exports to preferential partners surpassed the EUR1 trillion (US$900bn) mark for the first time in 2021, according to the European Commission's Second Annual Report on the Implementation and Enforcement of EU Trade Agreements.
The European Commission explains in its new report on EU trade agreements that the EU’s exports in 2021 were EUR7.2bn higher thanks to the removal of several trade barriers between 2015 and 2020, and points out EU trade deals mean increased exports, more stable economic relations and secure access to resources....
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14/10/2022
The US Consumer Price Index September inflation figures are up 0.4% on a seasonally adjusted basis, despite apparel showing a 0.3% decline, and a supply chain expert predicts a wider fall later this year.
The US Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) for September reveals apparel’s annual inflation fell to -0.3% from 0.2% on a seasonally adjusted basis, and it fell to 2.2% from 5.5% on an unadjusted basis....
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14/10/2022
The US apparel industry has mixed views on the next stage of The Office of the United States Trade Representative's Four-Year Review of China 301 Tariffs for US imports and its handling to date.
The United States Trade Representative (USTR) has announced the next steps of its four-year review on the Section 301 tariffs against China, following requests for continuation from the US’ domestic industries, however the US apparel industry has mixed views on the upcoming public comment part of the process and handling so far....
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13/10/2022
The US Department of Labor has issued a notice of proposed rulemaking on guidelines around how contractors are classified, much to the concern of US retailers.
The rule could result in more people being deemed employees instead of “independent contractors”, that are granted federal protections like minimum wage and overtime pay which the retail industry believes could increase costs for businesses.
When employers classify their workforce as contractors they are not under obligation to pay payroll taxes that fund Social Security or unemployment insurance programmes....
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12/10/2022
Retail prices for garments in the US have been increasing more slowly than the overall inflation rate, according to the latest report by Cotton Incorporated (Cotton Inc). Relative to averages in 2019 (pre-COVID), the CPI for apparel was 2.2 per cent higher in August, while the overall CPI was 15.8 per cent higher....
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11/10/2022
Menswear is a booming business. In some cases it’s growing faster than women’s. Expanding into menswear simply allows brands to reap the benefits of both phenomena. There has been exponential growth in the men’s designer ready-to-wear market that presents an opportunity for womenswear brands to move into the category and create organic brand expansion....
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11/10/2022
Imports at the nation’s major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
US ports covered by Global Port Tracker handled 2.26m Twenty-Foot Equivalent Units (TEU) – one 20-foot container or its equivalent – in August, the latest month for which final numbers are available. That was up 3.5% from July but down 0.4% from August 2021....
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11/10/2022
The estimated value of the apparel, footwear, and accessories resale market is between $100 and $120 billion worldwide—more than thrice the size it was in 2020, according to new research by Boston Consulting Group (BCG) and Vestiaire Collective, a global platform for preowned fashion. The second-hand market is already worth 3 per cent to 5 per cent of this overall sector and could grow to as much as 40 per cent....
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10/10/2022
Given the volatility and roller coaster ride cotton has been going through in recent times, in terms of pricing and demand- supply; is adding further to the existing uncertainty in fashion business as well as disrupting the supply and global value chains. A peep into the three of the cotton world leaders India, China and the USA, at their cotton production, consumption and participation in global trade may reflect on the immediate future outlook, as what lies in stock for the fashion business....
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6/10/2022
Babywear imports by the United States has been on a rise since April this year. The imports increased to $255.955 million in July 2022 from $245.802 million in June 2022. The country imported babywear worth $1,633.762 million in the first seven months of this year, while they amounted to $2.414 billion last year, an analysis of the latest data showed....
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6/10/2022
The pandemic was not a happy period for the clothing industry in general with the exception of activewear. The fact that it is projected to becoming USD 276.61 billion in the next six years is the proof of its popularity and staying power. UK-based research agency Technavio presented a report titled Activewear Apparel Market by Distribution Channel and Geography - Forecast Analysis 2022-2026 – it stated that the growth momentum is anticipated to accelerate at a CAGR of 11.24% during the forecast period. The report attributed this growth due to innovative use of fabrics and styles as well as creating an activewear line that is premium and on trend....
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5/10/2022
Sustainability is taking a backseat to price when it comes to shopping for fashion, a new report has found.
Consumers want online fashion retailers to address sustainability by offering slower deliveries, enabling apparel repairs and reducing product returns, but they want it all at a lower price, according to a survey from commerce platform Nosto....
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30/9/2022
From Covid-19 lockdown times to economic slowdowns, the pandemic has hugely affected health, wealth and happiness parameters around the world. The cost of living for each income bracket has now changed and a brand strategy of smart retail intelligence is now the strongest line of defence for a company against economic uncertainty.
To cut down costs, consumers are now pulling the plug on the more expensive homeware items such as furniture, kitchen equipment and electrical sales. Home appliances are undergoing a major shift as compared to last year while absorbing price inflation from shipping and materials....
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30/9/2022
Gym apparel market shows good growth, expanding at six percent a year.
During the first few months of the Covid pandemic, gym apparel sales significantly decreased. However some positive effects were crucial in driving up the demand for gym clothing in the years that followed. Many people were urged to start their own personal gyms or join ones in their communities in response to the lockdown’s increasing length. There was a significant increase in the number of people going to the gym every day, which fuelled the expansion of the gym clothing business....
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28/9/2022
As underdeveloped countries transit to developing status, their retail sectors are getting better organised and enabling a large number of brands use the affordability and accessibility platforms to reach out to the masses. The global fast fashion market size is expected to grow from $91.23 billion in 2021 to $99.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The fast fashion market is expected to grow to $133.43 billion in 2026 at a CAGR of 7.7%....
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27/9/2022
As fibre-to-fibre textile recycling commitments increase across Europe, as well as the amount of textile waste collected, the infrastructure required to drive the move towards circular systems requires significant investment to scale.
A report published today (27 September) by global sustainable fashion initiative Fashion for Good details how the amount of textile waste collected across Europe is likely to increase, due to growing consumption and disposal, and incoming legislation, such as the Waste Framework Directive....
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26/9/2022
With Europe rushing to cut its reliance on Russian fossil fuels, gas prices across the continent are soaring. Countries are scrambling to introduce policies to curb the impact of increasing prices on businesses as well as households but in Europe’s textile and fashion sector, it seems this is just not enough.
Last week, the European Commission proposed to change the Title Transfer Fund (TTF) benchmark parameters and decouple the TTF from the electricity market and revise the merit-order principle for the electricity market, and amend the state-aid framework....
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26/9/2022
The pandemic rang in bad tidings for apparel exporters in Asia and South East Asia as the dip in US’ imports was significant. Compared to imports worth USD 111.033 billion in 2019, in 2020 imports worth USD 89.596 billion were registered. The trend took an upward turn in 2022 as The US Department of Commerce released figures for the first half of this year. The latest import figures indicate that US economy is witnessing fast recovery, and the world’s largest economy is continuing to support economic recovery in developing countries....
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26/9/2022
Established disruptor brands the likes of Shein, ASOS, Boohoo, and PrettyLittleThing, who are maturing at their peak, are hot on the heels of luxury brands in terms of conversations surrounding fashion. So says leading consumer intelligence platform Talkwalker.
As sustainability continues to dominate and define the fashion industry, challenger fast fashion brands are shaking things up, by developing products people want at the price and convenience level consumers now demand.For both luxury fashion houses and fast fashion brands, sustainability and ethics are hot topics....
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24/9/2022
Global textile powerhouse China’s apparel exports amounted to $71.423 billion during January-June 2022. Trousers and shorts continue to remain the top apparel export products, accounting for 20.36 per cent at $14.542 billion during the period under review. The share of coats, sportswear and suits remained negligible at less than 1 per cent each....
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24/9/2022
On average, 82 per cent of consumers in France, Germany, Italy, Spain, the UK, and the US have less confidence to spend, according to a recent study. With the holiday shopping season fast approaching, rising prices are negatively impacting consumer confidence. In terms of spending, apparel, footwear, and accessories are among the several categories that consumers are cutting back on....
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23/9/2022
A surge in nationalist sentiment and growing hostility to foreign labels is compelling global fashion brands to reduce their footprint in China. A report by SCMP indicates, US clothing brand Gap is reducing its retail footprint in China by cutting down the number of stores to 143. And experts say, foreign brands in China continue to struggle with competition from domestic brands that offer cheaper products via live-streaming and e-commerce platforms....
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21/9/2022
Optimisation within the supply chain is the answer to solving fashion's inflation problem, writes apparel industry expert, Roit Kathiala.
Even with the closest look into history it would be hard to find parallels to the current economic environment. Never have we seen before an environment with high inflation, recessionary interest rate hikes, plunging stock markets, high commodity prices and still high job growth all rolled into one, but optimisation as opposed to globalisation will be the solution to fashion’s current inflation problem....
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21/9/2022
The UK apparel sector will likely welcome news this morning (21 September) of an energy support package for businesses.
The Energy Bill Relief Scheme will see a significant cut in energy bills for UK businesses and applies to both fixed contracts agreed on or after 1 April 2022, as well as to variable and flexible tariffs and contracts.
The discount will apply to energy usage from 1 October 2022 to 31 March 2023, running for an initial six-month period for all non-domestic energy users....
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20/9/2022
The United States and Indo-Pacific Economic Framework for Prosperity (IPEF) has revealed its objectives, however apparel experts believe it also highlights the US' wider aim to reduce sourcing from China.
The 13 countries that sit within the United States and Indo-Pacific Economic Framework for Prosperity (IPEF), including apparel sourcing countries Vietnam and India, announced four negotiation objectives last week (9 September), as part of a wider aim to create a high-standard and inclusive economic framework....
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20/9/2022
The fashion industry has a prolific carbon footprint and research suggests it accounts for around 10% of global greenhouse gas emissions, consuming more energy than both aviation and shipping combined, writes David Dillon, a global labelling solutions executive at Loftware.
The size of its carbon footprint is no surprise when you consider the entire lifecycle of a garment, from manufacture and transportation to laundering and eventual disposal into a landfill. There is also water pollution caused by dyeing processes, as well as microfibres that escape into the environment....
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19/9/2022
The exports of textile and apparel from the United States went up by 12.78 per cent year-on-year in the first seven months of this year. The value of exports stood at $14.516 billion during January-July 2022 compared to $12.871 billion in the same period of 2021, according to data from the Office of Textiles and Apparel, US department of commerce....
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19/9/2022
Global custom T-shirt printing market is expected to surpass $9,009.3 million with a CAGR of over 9.7 per cent to 2023 says a new study by Future Markets Insights (FMI) a premier provider of market intelligence and consulting services. In its latest report, FMI cited customized T-shirts are gaining immense popularity among the younger generation and a growing trend of wearing graphic, pre-printed T-shirts with movie logos and slogans is propelling sales in custom T-shirt printing market. Today, many prefer wearing printed T-shirts because of their unique design and trendy look on both men and women. These prints are usually extracted from computer. Usually, graphic professionals provide design to the fashion designers....
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16/9/2022
Seventy-one per cent of consumers across the world are concerned about sustainability in the apparel category, while 38 per cent of them are already adopting sustainable behaviours for protecting the environment and tackling climate change, according to a survey by global management consulting firm Boston Consulting Group (BCG)....
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16/9/2022
Chinese exporters are having a difficult time. Softer foreign markets are forcing them to shed workers. They are switching to lower-value goods and even renting out their factories. Customers are placing fewer orders and are reluctant to buy expensive products.
Compared to 2020 and 2021, this year is more difficult for exporters. Sales could decline by 20 per cent in the third quarter compared to last year.These alerts echo in workshops in China’s eastern and southern manufacturing centers, in industries ranging from machinery parts and textiles to high-tech household appliances, where businesses shrink while export orders dry up. Export growth has been well below expectations and slowed for the first time in four months....
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16/9/2022
The pursuit of pre-loved clothing is emerging as the most prominent trend in the African market with consumers continually upgrading their wardrobes by donating or reselling used items.
As per an Euromonitor International report, known as Madunusa in South Africa, Okrika in Nigeria, and Mtumba in Kenya, the African secondhand clothing market is diverse. Aimed at all income groups, the market ranges from basic everyday use worn clothes to luxury apparel and thrift clothing. The Voice of the Consumer: Lifestyles Survey 2022 by Euromonitor International shows, Nigerians are the biggest buyers of second-hand clothing with nearly 10 per cent reporting buying and selling used items at least once a week....
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16/9/2022
Old habits die hard in the post-pandemic global active-wear segment as consumers still prefer to wear comfortable the clothes they have become used to over the last two years. With healthy lifestyles taking precedence over having a good time and an indulgent lifestyle, majority of consumers (76 per cent) say they are trying to put more emphasis on improving their physical health, revealed a Coronavirus Response Survey (Wave 12, July 2022)....
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16/9/2022
The US apparel sector has applauded a decision that has avoided a shutdown of the nation’s freight rail system.
On Wednesday (14 September) night, a tentative agreement was reached between US freight railroads and rail labor organisations – avoiding a shutdown of the nation’s freight rail system – which would have put severe pressure on the apparel supply chain....
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16/9/2022
Clothing stores across the UK saw sales volumes fall 0.6% during August according to the latest figures from the Office of National Statistics.
The ONS said non-food store sales volumes in the UK fell 1.9% during the month because of falls in each of its subsectors: other non-food stores (negative 2.8%), department stores (negative 2.7%), household goods stores (negative 1.1%) and clothing stores (negative 0.6%)....
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15/9/2022
Even after 18 months of UK officially leaving the European Union, the country has failed to resolve bilateral trade issues. As Mark Neale, CEO, Mountain Warehouse opines, supplying materials to retail stores in Europe has become more complicated and tiresome post Brexit. Increased costs and bureaucracy have made trading more challenging in the region with sales of smaller brands and businesses declining....
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15/9/2022
The import of textiles and apparel by the US continues to grow at high rate and it rose by 29.83 per cent to $78.402 billion in the first seven months of 2022, compared to $60.388 billion in the same period of 2021. With 26.90 per cent share China continues to be the largest supplier of textiles and clothing to the US, followed by Vietnam with 14 per cent....
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14/9/2022
Following the US' decision to continue the Section 301 tariffs against China, associate professor of apparel and textile studies at the University of Delaware, Dr Sheng Lu reveals what it means for the apparel sector four years on.
On 2 September 2022, the Office of the US Trade Representative (USTR) announced it would continue the billions of dollars of Section 301 punitive tariffs against Chinese products....
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13/9/2022
The compression wear and shapewear market is growing at a CAGR of seven per cent a year.
Compression wear and shapewear are tight-fitted apparels designed specifically to keep the body in a certain posture. Change in lifestyles, rise in disposable income of consumers, high-end advancements in fabrics and garment design and a surge in demand from the geriatric population are driving the growth of the market. Male users are leading the global compression wear and shapewear market. Men prefer compression garments during a workout, further fueling the demand from the male consumer segment. The women’s segment too is growing owing to interest in fitness and comfortable clothing and an increased participation of women in sports activities....
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10/9/2022
The global custom T-shirt printing market is expanding at seven per cent.
The T-shirt design and printing industry has evolved, driving fashion trends in the form of personalized T-shirts, graphic T-shirts, vintage T-shirt designs, and long sleeve custom T-shirts. With leading fashion brands across the globe embracing T-shirt printing, the outlook appears positive.
Custom-print shirts are specifically targeted toward the young population segment. One of the main reasons behind the popularity among youth is that customized T-shirts strike a chord with the creativity hidden inside each teenager....
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9/9/2022
The global denim market is growing at six per cent. The rise in disposable income levels is aiding the growth of the denim market. Other factors are the rise in urbanization and the trend of denim shirts. Further, the growing popularity of stretchable denim jeans by blending cotton with synthetic material is further anticipated to propel the growth of the denim market....
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8/9/2022
With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at major US container ports are expected to fall below last year’s levels for the remainder of 2022, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates....
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7/9/2022
During January 2022 to July 2022, the total exports of China’s textile and apparel goods were up 12 per cent year-on-year.
Apparel exports alone were up 13 per cent year-on-year.Viewed from the proportion of major products exported, knitted garments made of chemical fiber took the largest part, and cotton knitted garments came second, followed by woven fabrics made of chemical fibers and other fabrics.
From January to July, the share of fabric exports was rather large, accounting for about 23 per cent of total textile and apparel exports.China’s exports of textile and apparel made of chemical fibers performed better than cotton goods. One of the reasons lies in the ban on Xinjiang cotton and another reason is that the unit price of cotton products increases faster than the unit price of products made of chemical fibers....
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5/9/2022
US economic growth has slowed, recent figures show, but it is unclear whether the nation is in a recession according to the National Retail Federation (NRF).
Gross domestic product fell by 1.6% year over year in the first quarter and another 0.6% in the second quarter, according to the federal Bureau of Economic Analysis, with the National Retail Federation (NRF) saying economic indicators are signalling “an unsteady US expansion in the face of several headwinds”....
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1/9/2022
The UK Government has established a new regulatory framework to boost industrial emissions standards and reduce air pollution for the textiles and chemicals industries.
The textiles and chemicals industries in the UK will be required to adopt sustainable best practices under the Best Available Techniques framework launched this week as the government looks to reduce emissions and improve the environmental performance of businesses....
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31/8/2022
In the 27 years from 1992 to year to date July 2022, garment retail market share fell from 5.9% of total retail sales to 4.4%: A decline of 26%.
Our industry may well be in the final phase of a three-year disaster that began in 2020 with the Covid-19-pandemic and hopefully will end in 2022 that will long be remembered as the garment industry year of chaos, when US retailers increased imports by 40% compared to the same period in 2021 expecting a great increase in consumer demand that never materialised, with the result that the retailers faced mountains of unsold and possibly unsaleable goods....
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27/8/2022
The plus size clothing market is projected to grow at a 5.7 per cent CAGR to reach $1,044.3 billion by 2032. Sales of plus size clothing are anticipated to increase at the quickest rate during the duration of the prediction. The need for products that give the same level of luxury as customers in other sizes will increase the market for plus-size clothes between 2022 and 2032....
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26/8/2022
As the UK announces domestic energy bills will rise up to GBP3,549 (US$4202) per year from 1 October and there are no caps for apparel factories or retailers, a GlobalData analyst says apparel spend will be reduced and some retailers will struggle with overheads, which could restrict growth for the sector.
The UK’s regulator Ofgem’s new energy price cap means a home in England, Wales and Scotland using a typical amount of energy will pay nearly GBP300 a month, according to BBC news, meanwhile companies, including apparel factories and retailers will not benefit from energy bill caps so will be at the mercy of wholesale gas markets, explains The Guardian....
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25/8/2022
The United States apparel imports totalled at $48.176 billion during first half of this year. Of these, trousers & shorts was on top on the list of imported apparel items with a share of 26.52 per cent. The top three items i.e., trousers & shorts, jerseys and T-shirts together accounted for over 50 per cent of the total apparel import during the same period....
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23/8/2022
UK clothing brands and retailers have applauded a new framework offering developing nations lower tariffs and simplified rules of origin requirements for exporting.
The UK has rolled out the Developing Countries Trading Scheme which applies to goods including clothing and food and cuts tariffs for 65 developing exporting countries....
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22/8/2022
The imports value of US textile and apparelsincreased by 28.1 per cent Y-o-Y to $11.45 billion in June. The imports volume increased by 18.2 per cent Y-o-Y to 10.65 billion sq m. US apparel imports value in June 2022 rose sharply by 40.3 per cent Y-o-Y to 8.64 billion and the imports volume increased by 18.9 per cent Y-o-Y to 2.76 billion sq m....
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19/8/2022
UK retail sales volumes rose by 0.3% in July and were 2.3% above their pre-coronavirus February 2020 levels, but demand for clothing waned as the cost of living restricted wallet spend on ‘nice-to-haves’.
Official data released today (19 August) by the Office for National Statistics (ONS) shows retail sales volumes rose by 0.3% in July, following a fall of 0.2% in June (revised from a fall of 0.1%) as the cost of living in the UK continues to rise....
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18/8/2022
Propelled by growing health and wellness trend, the global functional apparel market is forecast to reach $519.04 billion by 2027. A new report by Reports and Data indicates, rise in the number of people engaging in fitness activities and outdoor adventures like hiking, cycling etc, works as a growth driver for global functional apparel market. Future growth is also likely to be driven by rising youth participation in various sporting activities....
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18/8/2022
The US is to benefit from an inland port designed to relieve supply chain pressure at the ports of Los Angeles and Long Beach.
The Mojave Inland Port will be situated 90 miles from San Pedro Bay, allowing goods to arrive by rail from nearby ports more efficiently and to be redirected to their final destinations more quickly. Ground on the new facility is expected to be broken in 2023 and it is expected to be fully operational in 2024....
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18/8/2022
US consumers are continuing to shop despite high inflation but failing to prioritise wallet spend on clothing, new figures show.
Core US retail sales, as calculated by The National Retail Federation (NRF ), rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation....
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18/8/2022
The metaverse, technology, 'phygital retail', and transparency online have all been flagged as key trends influencing the global online apparel market.
A sustained desire to purchase apparel online following the closure of bricks-and-mortar stores in the midst of the Covid pandemic will continue to boost online spend in the years ahead, a new study shows....
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16/8/2022
All clothing sold in the EU might need to be recyclable from 2030. The University of Delaware's Leah Marsh and Dr Sheng Lu investigate the future potential of Europe's recycled clothing market.
Consumers’ increasing sustainability awareness has encouraged fashion retailers to carry more clothing made from recycled textile materials. For example, in Europe, one of the world’s largest apparel consumption markets, a growing number of fashion companies, from fast-fashion leaders like Zara and H&M to luxury brands such as Prada and Burberry, have entered the recycled clothing business....
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15/8/2022
Some economists may rely upon qualifiers, but Gherzi Textil Organisation's partner Bob Antoshak argues that despite rising levels of employment, the US is already in a technical state of recession and the rest of the world is following suit.
What a mess. For the past two quarters, US GDP has declined and the same may be the case in Europe, although it hasn’t yet been reported in the statistics....
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15/8/2022
The exports of textile and apparel from the United States went up by 13.10 per cent year-on-year in the first six months of this year. The value of exports stood at $12.434 billion during January-June 2022 compared to $10.994 billion in the same period of 2021, according to data from the Office of Textiles and Apparel, US department of commerce....
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12/8/2022
US' textile and apparel imports grew by 30.97 per cent to $66.308 billion in the first six months of 2022, compared to $50.626 billion in the same period of 2021. With a 26.8 per cent share China continued to be the largest supplier of textiles and clothing to the US, followed by Vietnam with 13.87 per cent. As per a Fashion Network report, apparel dominated of textiles and garments imports of the US in January-June 2022, and were valued at $49.578 billion, while non-apparel imports accounted for $16.729 billion, according to the latest Major Shippers Report, released by the US department of commerce....
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12/8/2022
The consumer price index for all US urban consumers (CPI-U) was unchanged in July on a seasonally-adjusted basis after rising by 1.3 per cent in June, according to the US Bureau of Labour Statistics. Over the last 12 months, the all items index increased by 8.5 per cent before seasonal adjustment. The index for apparel declined in July by 0.1 per cent from the June figure....
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12/8/2022
The US Government can tackle record inflation for apparel and footwear shoppers by cancelling both Section 301 and consumer goods tariffs, says the American Apparel & Footwear Association (AAFA)'s president and CEO Steve Lamar.
After years of inaction, Washington finally has scored a decisive trade victory for US families and the timely and unanimous win may even show a bipartisan path forward out of our years-long trade quagmire, however, more can be done to help US apparel and footwear shoppers....
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12/8/2022
July US inflation figures moderated to 8.5% from a very high 9.1% in the prior month, however retail analyst Neil Saunders suggests there are signs that non-essential categories such as apparel are 'fraying around the edges'.
US apparel retailers saw sales decline by -0.1% month-on-month in July, according to data released by the US Census Bureau, after rising the prior two months...
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12/8/2022
A GlobalData apparel analyst tells Just Style UK apparel retailers will need to make smart decisions in the coming months as clothing and footwear is attributed to the UK's gross domestic product (GDP) falling 0.1% in Q2 following the Bank of England increasing interest rates and announcing a recession later this year.
The UK’s Office for National Statistics (ONS) has revealed the decline in the UK’s gross domestic product (GDP) for the second quarter of 2022 a week after the Bank of England announced the country is projected to enter recession from the fourth quarter of this year and made the decision to increase interest rates by half a percentage point (the largest increase for 27 years)....
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12/8/2022
Two categories—trousers & shorts, and T-shirts—together accounted for 40 per cent of total apparel imports by Germany in the first three months of 2022. Trousers & shorts comprised 27.65 per cent of all apparel imports worth $9.755 billion during January-March. T-shirts was the second largest product 13.19 per cent share in total imports....
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11/8/2022
During the first half of 2022, the US apparel imports increased by 40.14 Y-o-Y to $49.58 billion. Particularly in June ’22, the imports grew by 40.30 per cent Y-o-Y to $8.64 billion, while the growth noted on monthly basis over May ’22 was 1.52 per cent. As per OTEXA data, analyzed by team Apparel Resources, top six Asian countries (China, Vietnam, Bangladesh, India, Indonesia and Cambodia) together exported garments worth $32.82 billion to the US in H1 ’22, which is 66.20 per cent of total import values of the US....
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10/8/2022
The import of textiles and apparel by the US continues to grow at high rate and it rose by 30.97 per cent to $66.308 billion in the first six months of 2022, compared to $50.626 billion in the same period of 2021. With 26.80 per cent share China continues to be the largest supplier of textiles and clothing to the US, followed by Vietnam with 13.87 per cent....
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10/8/2022
UK clothing manufacturers are to see significant challenges as energy bills look set to surge again, with many unable to pass on the cost to consumers, the UK Fashion and Textiles Association tells Just Style.
Head of UKFT, Adam Mansell explains the impact of rising energy prices has been felt by the UK manufacturing sector for some time now and clothing manufacturers are being forced to absorb the cost increases....
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9/8/2022
After a record-setting spring, imports at major US container ports are expected to slow significantly for the remainder of the year but 2022 should still see a net gain over 2021, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
“Retail sales are still growing, but the economy is slowing down and that is reflected in cargo imports,” says NRF vice president for supply chain and customs policy, Jonathan Gold....
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9/8/2022
The global denim market is expected to grow at a rate of 6.7 per centCAGR in the forecast period of 2022 to 2029. The rise in the consumer disposable income levels is escalating the growth of denim market.
The size of the global denim jeans market size is projected to reach $88.1 billion by 2030, growing at a CAGR of 4.2 per cent from 2021 to 2030.Rise in spending capacity, per capita consumption of the denim jeans, consciousness regarding the cloths suitable for the body types and acceptance for casual wears for office work is likely to garner the growth of the denim jeans market....
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8/8/2022
Clothing was one of only two UK online retail categories to record year-on-year sales growth in July.
UK online retail sales growth dipped 2.3% year-on-year in July thanks to a boost from clothing retailers, according to the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers. This represents the joint lowest decline the Index has seen this year – and a considerable improvement on the three- (-3.6%), six- (-13.5%) and 12-month (-18.1%) averages....
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8/8/2022
Presently valued at $16.760 million, the global zippers market is expected to grow by 4.1 per cent CAGR to $22.280 million by 2028. According to an analysis by Market Research Guru, top five zippers producers including YKK, Coats Industrial, SBS, Weixing Group and YBS Zipper, account for around 20 per cent of the market....
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6/8/2022
US will retain top position in the global denim jeans market, but its annual growth will be lower than the global average. The growth rate of market size is projected at 3.14 per cent for 2021-2026 while global market will grow at an annual rate of 3.65 per cent in the same period. Developing economies like China and India are chasing the US very closely....
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6/8/2022
The plus size clothing market is expected to grow at a 5.7 per cent CAGR from $601.7 billion in 2022 to $1,044.3 billion by 2032.
The COVID-19 epidemic had a negative impact on the market share for plus-size clothing. The sales of plus size apparel have fallen as a result of a lack of labour, production issues like fabric shortages and order cancellations, lower exports, and a decline in consumer spending on non-essential items....
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6/8/2022
We live in an age of uncertainty and with this uncertainty comes a shaky economy and a challenging business environment for the apparel industry, but what does it mean for sustainability, asks Robert Antoshak, partner at Gherzi Textil Organisation.
The pandemic, supply chain disruption, a war, tensions over Taiwan, and accelerating inflation. All of this adds up to uncertainty and that’s just the economic situation. How about other aspects of our business besides economics, like sustainability? What happens to sustainability initiatives during times like these?...
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5/8/2022
Latest Future Markets Insights report shows, global sales of maternity apparel will increase 5.8 per cent year-over-year in 2021. Demand for maternity apparels will be driven by growing number of women professionals continuing to work through their pregnancy. From 2021-2031, global maternity apparels market is projected to grow at 6.7 per cent CAGR and reach $41.3 billion by 2031....
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4/8/2022
Economic activity in the manufacturing sector grew in July, new data shows, with the overall economy achieving a twenty-sixth consecutive month of growth.
US supply executives offered their thoughts on raw material prices in the latest ‘Manufacturing ISM Institute for Supply Management (ISM) Report On Business. Those in the textile industry reported a continued increase in the price of raw materials.
The ISM Prices Index registered 60% in July, 18.5 percentage points lower compared to the June reading of 78.5%, indicating raw material prices increased for the twenty-sixth consecutive month, albeit at a much slower rate....
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4/8/2022
Economic activity in the US manufacturing sector expanded in July, with the overall economy achieving a 26th consecutive month of growth, the nation's supply executives said in the latest Manufacturing ISM Report on Business released by the Institute for Supply Management (ISM). Eleven manufacturing industries reported growth in July, with apparel, leather and allied products reporting the highest growth....
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3/8/2022
Fashion companies are facing a major change in how they report their performance with the launch of three new initiatives that will push them to generate and declare social and sustainability data.
Draft mandatory requirements are being consulted upon in the European Union (EU) and the United States, with optional reporting rules being developed by an International Sustainability Standards Board (ISSB) for the fashion and textile industry....
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3/8/2022
Nearly 59 per cent of respondents to a survey by the Global Expert Network members of the Luxury Institute believe, current economic slowdown will lead to a downturn in the global luxury goods and services sector. Around 41 per cent predict, current situation will lead to a recession in the global luxury sector with aggressive interest hikes from central banks to result in mass scale unemployment, especially in the technology sector. The survey predicts, consumer spending across all income levels will tighten with persistent fluctuations in the stock market to influence the budgets and psyches of rich consumers....
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2/8/2022
Increasing focus on sustainability is propelling the growth of global secondhand apparel market that is likely to expand at 11.2 per cent CAGR from 2021-2031. Sales through online channels are likely to grow at 17.9 per cent CAGR through the assessment period, says latest Future Markets Insights report.
Accounting for over 10 per cent of the world’s carbon footprint, the fashion industry is becoming more eco-conscious. With consumers expecting more transparent processes, the industry is championing the cause for a sustainable fashion movement while abandoning fast fashion that contributes to pollution, climate change and unethical labor practices....
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1/8/2022
Consumer’s desire for fast fashion continues to grow stronger with each passing year, shows the latest data from FactSet compiled with the data from United Nation’s Comtrade.
Using UN customs export data by countries, the report shows, the apparel and footwear industry manufactured and exported goods worth $582,1 billion in 2021. The value of apparel and footwear products manufactured by the industry surged by $47.8 billion compared to levels seen in 2017....
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1/8/2022
The number of sustainable and second-hand fashion small businesses has increased by 23% in the UK in the last year as demand for circular fashion grows, new data shows.
There has been a surge in the number of people looking to switch to eco-friendly shopping styles, coupled with a growth in small sustainable fashion businesses....
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30/7/2022
Badly hit by Brexit and COVID-19 pandemic, the value of UK’s apparel imports has been declining from 2019, when it became imminent that Brexit is going to take place. The subsequent onset of COVID-19 only increased this declining trend. However, home textiles imports performed better in 2020.
UK’s apparel imports peaked in 2018 at $26.502 billion, compared to $24.308 billion in 2017. But the declining trend started since 2019 when the import value was $25.809 billion. It further decreased to $22.943 billion in 2020 and 20.886 billion in 2021. Imports in the first four months of this year stood at $7.634 billion....
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29/7/2022
Apparel industry experts tell Just Style exclusively the US Inflation Reduction Act 2022 needs to get passed by Congress quickly to have a positive impact on the US apparel industry.
US President Joe Biden released a statement earlier this week (27 July) in support of a new bill to lower inflation, called the US Inflation Reduction Act 2022, however, apparel industry experts tell Just Style the impact it will have on the wider apparel industry will depend on the speed at which the bill is passed and how quickly it can bring down inflation....
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26/7/2022
The latest Fashion Transparency Index by Fashion Revolution says, world's largest fashion brands and retailers will have to increase transparency to tackle the climate crisis and social inequality. Ranking 250 of the world’s largest fashion brands and retailers for their public disclosure of human rights and environmental policies, the seventh edition of the index shows, around 85 per cent brands are not honest in disclosing their annual production volumes despite mounting evidence of clothing waste around the world, and around 96 per cent brands and retailers do not reveal the number of workers in their supply chain paid a living wage....
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25/7/2022
The pandemic has fuelled US consumers’ love for pre-owned fashion. A report by resale clothing website ThredUp, shows, in 2020, the pandemic year, around thirty-three million consumers in the country bought secondhand apparel for the first time. Around 76 per cent of these first-time buyers plan to increase their spending on secondhand clothing in the next five years. The secondhand apparel market in the US is projected to double to $77 billion in the next five years. Analytics company GlobalData, also pegs the growth of clothing resale market to be 11 times faster than the broader retail clothing sector through 2025. Mapped by online resale pioneer eBay, Tirath Kamdar, General Manager-Luxury, opines, growth has accelerated as more consumers are becoming eco-conscious. It is also being driven by the increase in luxury shoppers, he adds....
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25/7/2022
The import of apparel by the United Kingdom was badly hit by Brexit and the COVID-19 pandemic. The value of UK’s apparel import has been declining from 2019, when it became imminent that Brexit is going to take place. The subsequent onset of COVID-19 only increased this declining trend. However, home textiles imports performed better in 2020....
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25/7/2022
The EU and China have agreed on the need to prevent supply chain disruptions, primarily caused by Covid.
The EU and China have agreed to increase cooperation in supply chain disruptions in addition to bilateral trade and investment.
Speaking at the 9th EU-China High-Level Economic and Trade Dialogue (HED), the two sides discussed global economic challenges, disruptions to the supply chain caused by Covid and the impact of Russia’s invasion on Ukraine....
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25/7/2022
Just Style deep dives into the sourcing strategies of Europe’s biggest clothing brands from Inditex and Adidas to Hugo Boss and Primark.
Sourcing clothing today is no mean feat as global supply chains are incredibly complex. Today’s consumer is wholly invested in the entire supply chain process and demands transparency from brands at every stage....
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25/7/2022
A new survey suggests digitalisation has become key to survival for small and medium-sized manufacturers.
If small and medium sized (SME) manufacturers are to survive, they need to invest in digitalisation, according to a survey conducted by Made Smarter, which explores how UK manufacturing industries can prosper via integration of digital technology tools and innovation.
SME manufacturers across all sectors are being urged to accelerate technology adoption to adjust to the economic challenges around the supply chain, energy costs, post-Brexit and Covid....
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22/7/2022
Sales volumes at UK clothing stores decreased by almost 5% in June from the month prior as rising inflation impacts consumer spending.
Official data released today (21 July) by the Office for National Statistics (ONS) shows UK clothing stores reported a monthly decline in sales volume of 4.7% in June 2022, down from an increase of 2.2% in May 2022 as inflation impacts consumer spending despite it being the peak of holiday travel season based-demand....
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20/7/2022
The European Citizens’ Initiative (ECI) has launched the ‘Good Clothes, Fair Pay’ campaign to demand legislation on the living wages for garment workers. The ECI wants European Union (EU) laws to make it compulsory for companies selling garments, textiles, and footwear in the EU to regulate living wages in their supply chains. If this law gets passed, brands and retailers would be legally mandated to evaluate wages, and publicly disclose their development....
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19/7/2022
The United States Fashion Industry Association (USFIA)'s annual report has revealed most of the key challenges facing the US fashion industry in 2022 are related to the economy.
The USFIA’s 2022 Fashion Industry Benchmarking Study, which features 34 fashion companies of various types from within the industry, has revealed the main issue facing the sector right now is increased production and sourcing costs....
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18/7/2022
The clothing and footwear industry has managed to slash its delivery lead times by almost half since 2020.
Digitisation, nearshoring and reducing the number of options in stock have helped clothing, footwear and accessories brands cut lead times by almost half in the last two years, according to industry experts....
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15/7/2022
European Union (EU) apparel manufacturers prepare to carry out more checks on clothing safety under a new EU rules proposal to protect consumers from potentially dangerous products.
The proposal’s new product safety rules for the apparel industry, which was approved by the European Parliament’s internal market and consumer protection committee on 16 June includes addressing potential flammability, dyes that may cause allergic reactions and dangerous drawstrings....
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14/7/2022
The American Apparel & Footwear Association (AAFA) tells Just Style an end to Section 301 Tariffs is the solution to rising US inflation levels as official June figures reveal overall inflation is up 9.1% versus last year with apparel increasing 5.2%.
The AAFA believes the US Government ending Section 301 tariffs on basic consumer goods like apparel and shoes could be a quick-fire solution for tackling rising US inflation levels, however apparel industry consultant Robert Antoshak predicts the US Federal Reserve will opt to raise interest rates....
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14/7/2022
Imports of denim jeans by US brands and retailers increased 40 per cent year over year through May compared to the same period in 2021, reveals OTEXA figures. Imports from top supplier Bangladesh increased 54 per cent, outpacing the 51 per cent year to date gain through April and giving the country a 22 per cent market share. Pakistan’s shipments rose 67 per cent, slightly below privious month’s 72 per cent year-to-date gain. Imports from Vietnam were on par with the prior month with a 40 per cent increase to $170.54 million, while China’s shipments rose 24 per cent, gaining ground on the 20 per cent year-to-date hike in April....
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13/7/2022
New figures released by the British Retail Consortium (BRC) signal a decline in sales volumes not seen since the depths of the pandemic, with sales for the three months to June for non-food retail falling 3.3%.
The BRC says during 2020/21 much of UK retail “bounced between being open and closed”, significantly impacting sales and changing consumer behaviours....
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13/7/2022
A political agreement could see a European Union directive guiding member states on setting minimum wages to boost pay in lower salary sectors, such as apparel manufacturing.
European countries have traditional strengths in making apparel and textiles, especially luxury lines, but relatively high costs have left the region exposed to competition from near-sourcing hubs in north Africa and the Middle East, such as Turkey....
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12/7/2022
The US trade deficit in goods and services declined by 1.3% in May, reflecting a decrease in the goods deficit of US$2.9bn and a fall in the services surplus of $1.7bn.
The deficit amounted to US$85.5bn in May, down US$1.1bn from US$86.7bn in April, revised, according to trade statistics released by the Department of Commerce....
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12/7/2022
We've analysed companies' annual reports and other filings to see which key issues are receiving the most attention.
Mentions of digitalization within the filings of companies in the fashion industry fell 30% between the first and second quarters of 2022.
In total, the frequency of sentences related to digitalization between July 2021 and June 2022 was 92% higher than in 2016 when GlobalData, from whom our data for this article is taken, first began to track the key issues referred to in company filings....
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12/7/2022
Even as a few sectors continue to reel under the COVID pressures, across the world, apparel retail, is booming. Figures show, 2022 was particularly a good year for fashion retail as it managed to navigate through all challenges, be it the Omicron scare or the ongoing Russia-Ukraine conflict....
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12/7/2022
Even though most apparel sold in the US is made overseas, many designers and brands in the country continue to flaunt their garments as ‘Made in the US’.
As per a Lifestyle Monitor report, the US currently makes 97 per cent of its apparel overseas. This is in sharp contrast to the 1960a when about 95 per cent of the apparel sold in the country were made in the country, says the American Apparel and Footwear Association. However, change in the trade policies in the 1990s led the industry to seek low-cost manufacturing from developing countries. The apparel and textile industry lost 81 per cent of its jobs from 1979 and 2019, shows data from the US Bureau of Labor Statistics....
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11/7/2022
Global non-profit Textile Exchange has successfully challenged a number of apparel brands to explore lower impact sourcing options for the apparel industry's two most commonly used fibres - cotton and polyester, however more companies need to join to help the wider industry tackle climate change.
Textile Exchange, which has published reports for both its Sustainable Cotton Challenge and Recycled Polyester Challenge, explains it has successfully encouraged apparel brands to use lower impact sourcing to replace conventional counterparts, rather than substitute other fibre categories or justify increased industry growth....
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11/7/2022
The proportion of apparel supply chain companies hiring for digital media related positions rose significantly in June compared with the equivalent month last year, with 100% of the companies included in our analysis recruiting for at least one such position.
All of the apparel companies included in our analysis were recruiting for digital media-related positions in June....
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6/7/2022
After spending almost two years in their sweatpants, customers across the world are yearning to get back into denims. As a report by the Edited shows, demand for straight cut jeans made up 21 per cent and 23 per cent of the total apparel demand in the US and the UK respectively. Skinny jeans dominated menswear demand in Fall 2021 in the US. In terms of colors black jeans dominated demand with 22 per cent rise. The sell-out rate for black denim was also higher at 24 per cent than blue denims....
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5/7/2022
Cost of living pressure is prompting more people to repair their own clothes according to new research from Primark’s Ireland arm, Penneys.
Penneys Ireland conducted research which revealed Gen Z is repairing clothing more than any other age group, with 77% mending their clothes in the last 18 months. This compares to just over a third (36%) of 25-34-year-olds and 45% of 35-44 year olds....
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5/7/2022
Portfolio transformation, green business building, green premiums and green operations focused on circularity can help European consumer goods firms shift to circular value pools of over €500 billion of annual revenues by 2030, estimates McKinsey. In the fashion industry, about 63 per cent of emissions reduction potential lies in more efficient, cleaner energy, it says....
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5/7/2022
A report by GlobalData Plc says, the US sportswear market is expected to grow at over at 6 per cent CAGR during the forecast period of 2020-25. Titled, ‘The United States of America (USA) Sportswear Market Size and Analytics’ by category (apparel, footwear accessories), segments (gender, positioning, activity, retail channel and key brands 2020-25), the report estimates, the US sportswear market reached $126.1 billion in 2020 with sports clothing accounting for the largest share in the growth....
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4/7/2022
The US apparel industry has joined a call for the government to engage in talks to
avoid potential disruption at ports after the expiry of the US West Coast port contract. A letter to the White House signed by over 150 local, state and national trade associations urges the administration to engage in talks over a new contract after the current one expired on 1 July and concern grows over supply disruption at ports....
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28/6/2022
Due to the COVID-19 pandemic, the global zippers market, currently worth $16.760 million, is forecast to a readjusted size of $22.280 million by 2028 with a CAGR of 4.1 per cent during the forecast period 2022-2028.
As per a report by Market Research Guru, key players in the global zippers market include YKK, Coats Industrial, SBS, Weixing Group, YBS Zipper, etc. Global top five manufacturers hold a share about 20 per cent. Asia-Pacific is the largest market, with a share about 60% per cent followed by Europe and North America, both with a share about 15 percent....
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27/6/2022
China displaced the US to gain top position in terms of apparel retail market size during COVID-19 years of 2022 and 2021, mainly owing to milder impact of the pandemic compared to the world’s largest economy. It is projected that China would gain further lead over the US by 2025 because the market size growth will be more than double for the Asian giant....
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27/6/2022
Apparel experts tell Just Style exclusively how the US apparel sector will be affected by the US Supreme Court overturning the Roe Vs. Wade case that gave US women the right to an abortion.
On Friday 24 June, the US Supreme Court overturned its 50-year-old Roe v Wade decision which means millions of US women will lose the constitutional right to have an abortion and apparel sector consultant Bob Antoshak believes it will have a ripple effect on the entire apparel sector....
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24/6/2022
Sales volumes at UK clothing stores rose by more than 2% in May from the month prior, with feedback from some retailers suggesting the increase was linked to consumers shopping for summer holidays.
Official data released today (24 June) by the Office for National Statistics (ONS) shows clothing stores reported a monthly increase in sales volumes of 2.2% as consumers are planning holidays and therefore buying new clothes....
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24/6/2022
The American Apparel and Footwear Association (AAFA) is urging the US Trade Representative (USTR) to renew the African Growth and Opportunity Act (AGOA) for at least another ten years, noting as companies are poised to diversify out of China, Africa is a logical place for many of them.
In a letter to William Shpiece, chair of the Trade Policy Staff Committee for USTR, Beth Hughes, vice president of trade and customs policy for the AAFA, says if AGOA were to be renewed this year for at least another ten years, companies would have the necessary certainty and timeframe they need to grow a vertical, responsible, and competitive industry in Africa up to and past 2025....
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24/6/2022
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.
Women’s outwear dominates price-rise
Prices of women’s outerwear have surged most during the three-year period increasing 20 per cent over 2019 to $3,395.12 on average. Products like Dolce & Gabbana’s Jacquard coat with embroidery are retailing at $66,000 now; these are followed by menswear retailing at $3,053.94....
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23/6/2022
New figures from the European Outdoor Group suggest the public’s increased appetite for getting out into nature has led to strong growth, topping EUR6bn for the first time.
The European Outdoor Group’s (EOG) State of Trade market research programme indicates that the outdoor sector has bounced back strongly following the height of the Covid-19 pandemic....
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22/6/2022
Supply chain management, virtual and augmented reality, and unsurprisingly, Covid-19 are among the top ten major themes set to impact the apparel sector in 2022, new research from GlobalData shows.
Utilising its thematic research ecosystem, GlobalData pinpoints the ten themes in its latest thematic research report for the sector, ‘Top 10 Themes in Apparel 2022’....
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21/6/2022
Circular business models of rental and resale are not a new phenomenon, but there has been a significant uptake of the schemes among fashion firms in recent months. But why now, and will these programmes actually help to move the needle when it comes to creating a more sustainable sector?
Apparel players from Boohoo Group’s PrettyLittleThing to Burberry are unsurprisingly eager to dip their toes in the rental and/or resale markets, as consumer awareness of sustainability continues to rise. Not to mention the potential of a lucrative new revenue stream....
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20/6/2022
US textile groups are urging the Biden Administration to maintain Section 301 penalty tariffs on finished textiles and apparel or risk reversing investment and efforts into nearshoring and US jobs.
The National Council of Textile Organisations, The Narrow Fabrics Institute and the United States Industrial Fabrics Institute penned a formal submission to the US Trade Representative’s (USTR) office, which is conducting a four-year statutory review of the tariffs, the associations expressed strong support for the continuation of penalty tariffs on imports from China and warned of the consequences associated with removing the tariffs....
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17/6/2022
New research shows 78% of UK shoppers care about the authenticity of apparel and fashion items, with 59% noting transparency into how and where a product was made is key to their purchasing decisions.
The research was carried out across 2,000 UK consumers by independent research firm Censuswide for the Digimarc Corporation....
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17/6/2022
As per the latest data from the CCF Group, textile and apparel imports by the United States increased by 34.4 per cent Y-o-Y to $10.99 billion in April 2022. The imports volume in increased by 65.2 per cent Y-o-Y to 10.18 billion sq m. The value of US apparel imports rose by 43.2 per cent Y-o-Y to $8.12 billion while the imports volume increased by 29.7 per cent Y-o-Y to 2.68 billion sq m....
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16/6/2022
US retail sales slowed in May as consumers faced continuing inflation and higher prices for essentials like food and gasoline, according to the National Retail Federation (NRF).
“Retail sales are reflecting Americans’ growing concern about inflation and its impact on the cost of everything from groceries to gas,” NRF president and CEO Matthew Shay says....
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15/6/2022
The US trade deficit in goods and services fell by more than 19% in April after topping US$100bn for what was understood to be the first time a month prior. The goods and services deficit amounted to $87.1bn in April, down 19.1% or $20.6bn from $107.7bn in March, revised, according to trade statistics released by the US Census Bureau and the US Bureau of Economic Analysis....
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15/6/2022
European, Chinese and American consumers are increasingly on the lookout for digitally-accessible detailed information about the history of garments they purchase and their aftercare, according to new research from Avery Dennison Corp. Avery Dennison recently published research in its Made to Mention Magazine which details consumer expectations of digital experiences....
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13/6/2022
UK online clothing retailers bucked the trend in May, with sales rising by 14% during the month compared to the same period last year, as online retail sales growth fell by more than 8% overall.
Online retail sales growth fell by 8.7% year-on-year (YoY) in May, despite being measured against a negative performance in the same month last year (-6%), as trading conditions continue to be tough....
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13/6/2022
Imports of denim apparels the United States grew by 40.84 per cent to $1.25 billion in the January-April ’22 period, as per a report by OTEXA.
Exports by all denim manufacturers to the US increased during the period with largest growth recorded by Pakistan, Bangladesh and Egypt.
As per Apparel Resources, US; imports of denim apparels from Bangladesh grew by 51 per cent Y-o-Y to $ 248 million during the January-April ’22 period....
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13/6/2022
Boosted by growing brassieres imports, the US lingerie market is projected to reach $11.50 billion by 2025. As per a report by the Statista, the market is currently worth $9.13 billion.
From January-April’22, brassieres imports by the US grew by 24.58 per cent, as per the latest data from OTEXA. China remained the top exporter of brassieres during the period with exports increasing by 21.79 per cent to $55.74 million during the period....
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10/6/2022
Imports at major US retail container ports should see near-record volume again this month, according to the monthly Global Port Tracker report released this week by the National Retail Federation and Hackett Associates.
Volume remains high at US retail container ports as retailers work to meet still-strong consumer demand and also protect themselves against potential disruptions at West Coast port as the contract deadline approaches....
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10/6/2022
The latest figures to come from the US Office of Textiles and Apparel (OTEXA) for April reveal Pakistan is becoming an increasingly important partner to the region, now overtaking Honduras and Mexico to become its seventh-largest supplier of apparel.
According to an analysis of OTEXA data, US apparel imports during April rose 29.73% on the same month last year to 2.68bn million square metres (MM2), with Bangladesh proving the most popular apparel sourcing destination during the month, with shipment growth of 51% year-on-year....
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9/6/2022
The import of woven apparel and clothing accessories (HS code 62) by the United States were valued at $10.464 billion during the first quarter of current year 2022. After declining in second quarter (April-June) of 2021, import of woven apparel by the US has shown an upward trend during the subsequent three quarters, with China being the largest supplier....
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9/6/2022
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 manufacturer of customized baseball hats, scarves and backpacks, the company witnessed a surge in buyers no longer able to import goods due to lockdown....
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6/6/2022
On the eve of its Global Fashion Summit, Global Fashion Agenda (GFA) has released a new report to help guide fashion leaders towards a net positive fashion industry.
Global Fashion Agenda (GFA), the non-profit organisation that fosters collaboration on sustainability in fashion to drive impact, has unveiled its ‘The GFA Monitor‘ report to accelerate alignment with the 1.5-degree pathway and achieve the Sustainable Development Goals laid out by the United Nations....
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5/6/2022
Economic activity in the US manufacturing sector grew in May, with the overall economy achieving a 24th consecutive month of growth, the nation's supply executives said in in the latest Manufacturing ISM Report on Business. Fifteen manufacturing industries reported growth in May, with apparel, leather and allied products topping the list....
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2/6/2022
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 garment exports are currently under tremendous pressure owing to the ongoing Russia-Ukraine conflict. Uncertain global economic recovery and geopolitical issues have impacted growth, points out Sun Ruizhe, President, China National Textile and Apparel Council (CNTAC)....
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1/6/2022
US and Central America apparel and textile trade groups encourage the Biden/Harris administration to continue its support of the China 301 tariffs on finished apparel imports, ahead of the Summit of the Americas.
The manufacturing trade groups sent a letter to Vice President Kamala Harris yesterday (31 May), requesting the US Government uphold its strong rules of origin in the US free trade agreement with the region....
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1/6/2022
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 per a Women’s Wear Daily report, Chinese luxury market will account for almost 27 per cent of the global market in the forecast period with most of the growth driven by digital sales channels....
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31/5/2022
GlobalData's apparel analyst Pippa Stephens predicts clothing brands targeting younger UK consumers and females will be most impacted by high inflation rates.
Most UK consumers (69.6%) plan to change their clothing and footwear shopping habits as a result of the ongoing surge in inflation rates and living costs, explains GlobalData’s apparel analyst Pippa Stephens, however clothing brands targeting young females could be hardest hit as discretionary incomes will force them to cut back on non-essential purchases....
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27/5/2022
The first status report of an initiative launched last year to tackle audit and standard fatigue in the apparel sector says brands and retailers should consider dropping their proprietary standards in favour of more streamlined third-party standards.
The Standard Convergence Initiative (SCI) was unveiled by the International Textile Manufacturers Federation (ITMF) and the International Apparel Federation (IAF) at the OECD Forum on Due Diligence in the Garment and Footwear Sector in February of last year....
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26/5/2022
Latest research report from the NPD Group shows, socks have become shoppers’ top clothing purchase, replacing T- shirts over the last two years As per the report, one out of every five items of clothing bought in the US in 2020 and 2021 was a pair of socks.
The trend dovetails with people staying at home for longer periods, as nearly 70 per cent of American adults wear socks around the house....
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25/5/2022
US apparel trade bodies have welcomed the launch of a new Indo-Pacific Economic Framework (IPEF) but say there should be a tariff negotiation component, particularly for goods such as clothing and footwear.
US President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) in Tokyo, Japan, earlier this week with a dozen initial partners: Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. Together, the partners represent 40% of world GDP....
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21/5/2022
Compared to 2019, sales revenue for women’s plus-size apparel in the US grew by three times faster by 18 per cent in 2021, compared to 2019, which is over three-times faster than consumer spending on the remaining women’s market, according to The NPD Group.
After casual apparel, basics make up the largest share of apparel units sold in plus-size apparel, at 27 per cent, compared to 19 per cent for the rest of the market, based on the new Inclusive Apparel Market Trends report from NPD....
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20/5/2022
UK retail sales volumes rose by 1.4% in April and were up by more than 4.1% on their pre-pandemic levels, with stronger clothing sales helping to drive the increase.
Official data released today (20 May) by the Office for National Statistics (ONS) shows non-store retailing sales volumes, which are predominantly sales from online-only retailers, rose by 3.7% in April, led by stronger clothing sales. Sales volumes were 26.7% above their pre-coronavirus level....
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19/5/2022
GlobalData apparel analyst Pippa Stephens tells Just Style exclusively why women's clothing prices are rising faster than men's and predicts it could have an impact on clothing sales in the coming months.
An analysis of the data reported by the Office for National Statistics (ONS) suggests womenswear clothing prices in the UK have increased 37% over the last five years, while menswear has only gone up by a quarter (25%), according to Sky News....
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18/5/2022
Consumers accustomed to inflation continued to spend in April as US retail sales overcame higher prices to show both monthly and year-over-year increases, with sales at clothing stores up by 0.8% and 8% respectively, according to US Census Bureau data.
Overall retail sales in April were up 0.9% seasonally adjusted from March and up 8.2% year over year, according to data released by the US Census Bureau. That compared with increases of 1.4% month over month and 7.3% year over year in March....
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18/5/2022
UK inflation hit a 40-year high this morning (18 May) at 9%, with experts warning clothing retailers will see demand sink as consumers prioritise spending on essentials.
The hike in inflation means the cost of everyday items such as food, fuel and clothing will go up for consumers across the UK.
And with the Bank of England forecasting inflation will continue to rise to 10% this year, the situation is likely to become even more strained in the coming months....
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17/5/2022
A new report ‘Western Wear Market’ by the Allied Market Research estimates, global western wear market valued at $74,497.50 million in 2020, is projected to grow 5.37 per cent to reach $136,881.41 million by 2031. The formal wear segment is expected to grow at a CAGR of 4.8 per cent in value during the forecast period. Asia-Pacific region is expected to register the highest CAGR of 6.6 per cent during period. Developing lifestyle and rise in disposable income of consumers are expected to drive the Asia-Pacific market....
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17/5/2022
Increased sourcing from Bangladesh and China led to 33.87 per cent rise in India’s apparel imports in the first two-month period of 2022. As per official data released by Ministry of Commerce and Industry, India imported garments worth $219.23 million during January-February ’22 period, as compared with $163.78 million in the same period of previous year....
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12/5/2022
How will falling birth rates in East Asia affect the apparel industry and is overpopulation still a problem? Apparel industry consultant Robert Antoshak discusses what the next 30 years could have in-store.
It’s an understatement to say that we live in challenging times, particularly when considering how our industry has changed due to supply chain and lockdown disruptions caused by the pandemic. And now we have a war in Ukraine to further complicate things....
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12/5/2022
The US trade deficit in goods and services soared by 22.3% in March, topping US$1bn for what is understood to be the first time.
The goods and services deficit amounted to $109.8bn in March, up $20bn from $89.8bn in February revised, according to trade statistics released by the US Census Bureau and the US Bureau of Economic Analysis....
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12/5/2022
US inflation moderated slightly in April compared to March, while apparel prices fell, although for the year prices are still up over 5%.
US apparel retailers saw sales decline by -0.8% month-on-month in April, according to data released by the US Census Bureau, which ends six months of consecutive increases, however, sales still increased by 5.4% compared to the same period a year ago....
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10/5/2022
Online retail sales fell by 12% year-on-year in April while inflation continued to rise and consumers prioritised wallet spend on apparel, with clothing sales up 4.2% against a tough comparative.
The findings of the IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers, show online retail sales growth for April fell to -12%, a significant improvement from -25.7% the month before, but nowhere near a return to pre-pandemic levels....
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9/5/2022
Imports at US major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues. The figures for US imports are according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates....
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9/5/2022
Denim imports by the US increased by 37.55 percent year to date though March to a value of $965.32 million. The sourcing of blue denim apparel by the US from Bangladesh, Pakistan, Egypt and Turkey increased significantly while those two mainstays posted more moderate gains.
As per a Sourcing Journal report, Levi’s shipments from Bangladesh rose by 47.26 percent in the period to $196.26 million, Pakistan’s imports jumped 69.65 percent to $116.04 million and Vietnam’s shipments increased 41.42 percent to $107.03 million....
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5/5/2022
As the US Trade Representative issues notice for the statutory process leading up to the four-year anniversary of the Section 301 tariff actions against China, the US apparel industry tells Just style what it could mean for apparel....
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29/4/2022
The American Apparel & Footwear Association (AAFA) has praised the Office of the United States Trade Representative (USTR) following the release of its Special 301 Review, which identifies countries that fail to protect intellectual property (IP) rights on goods, including apparel and footwear.
The latest annual “Special 301” Report conducted by the USTR has reviewed more than 100 trading partners and placed 27 of countries on the Priority Watch List or Watch List....
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26/4/2022
The pandemic has created new opportunities for activewear brands like Vuori and Gymshark. Demand for sportswear is expected to increase from €295 billion ($384 billion) in 2021 to €395 billion by 2025, says a McKinsey & Company report However, foraying in this market can be challenging as newcomers have to compete with global distribution and high-budget marketing campaigns of Nike and Adidas. They have to also convince lifelong customers of these established retailers of offering better quality products, indicates a Business of Fashion report....
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25/4/2022
We've analysed hiring patterns using data from GlobalData
The proportion of apparel supply chain companies hiring for cloud related positions rose significantly in March 2022 compared with the equivalent month last year, with 87.5% of the companies included in our analysis recruiting for at least one such position....
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22/4/2022
UK retail sales volumes fell by 1.4% in March, with clothing store retailers among those feeling the pinch.
The latest data released today (22 April) by the Office for National Statistics (ONS) shows clothing store retailers saw sales volumes fall by 0.5% in March.
Overall, UK retail sales volumes fell by 1.4% last month, following a fall of 0.5% (revised from a fall of 0.3%) in February. Sales volumes were 2.2% above their pre-coronavirus (Covid-19) February 2020 levels....
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21/4/2022
The price of apparel in the United States is rising faster online than offline. In March 2022, prices for apparel increased 16.3 per cent year-over-year (YoY) and 0.3 per cent month-over-month (MoM), more than any other category, according to the online inflation data by Adobe. This has marked the 22nd consecutive month of YoY inflation online....
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21/4/2022
In contrast to regular fashion market, the global kidswear market has been growing in a robust fashion for the last two years. Statista reports, the global infant and toddler wear market has been growing at 3.7 per cent since 2018 and is projected to reach $239 billion in 2023. Segment growth will be dominated by girls’ wear, projected to reach $132.3 billion by the end of analysis period while boys’ wear will grow at 2.8 per cent CAGR....
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21/4/2022
The US trade deficit in goods and services edged down by 0.1% in February, reflecting a US$1.1bn decline in both the goods deficit and services surplus.
The goods and services deficit amounted to $89.2bn in February, down less than $0.1bn from $89.2bn in January revised, according to trade statistics released by the Department of Commerce....
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19/4/2022
Kidswear imports by the United States grew by 21.34 per cent during January-February’22 to reach $485.48 million. Data from Apparel Resources shows, imports from China, India and Vietnam grew significantly while those form Bangladesh witnessed marginal growth.
US kidswearimports from China grew by 24 per cent Y-o-Y to $119.74 million in January-February ’22, growing 24 per cent on yearly basis, while the same valued $76 million from India as the shipment grew by 24.81 per cent on Y-o-Y basis....
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19/4/2022
With sales and exports growing at a sustained pace, the EU clothing industry witnessed significant improvement in Q4 FY21performance. Most clothing companies in the region reached their pre-pandemic levels of growth during the quarter, says latest Euratex report. Clothing production surged 10 per cent during the quarter over Q4 FY20 while turnover increased 21.4 per cent. Retail sales during the quarter also rose 17.9 per cent...
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19/4/2022
US retail sales grew in March even as inflation edged higher, with demand for apparel up both year-on-year and sequentially.
US apparel retailers saw sales rise 2.6% month-on-month in March, according to data released by the US Census Bureau. Sales increased by 7.3% compared to the same period a year ago....
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14/4/2022
The proportion of apparel supply chain companies hiring for robotics related positions rose significantly in March 2022 compared with the equivalent month last year, with 18.8% of the companies included in our analysis recruiting for at least one such position....
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14/4/2022
Consumer prices in the United States increased by 8.5 per cent in March compared to a year ago, according to the monthly report by the Bureau of Labor Statistics.
Compared to February, prices increased by 1.2 per cent in March on top of a 0.8 per cent rise in February....
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13/4/2022
As the US Consumer Price Index reveals the March inflation figures, the American Apparel & Footwear Association (AAFA) tells Just Style exclusively "record high prices" on apparel and footwear are already "tripping up consumers" and need to be addressed as soon as possible....
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12/4/2022
UK online retail sales fell by more than a quarter in March compared to last year but demand for apparel remains strong with womenswear and menswear recording double-digit increases.
UK online retail sales fell 25.5% year-on-year, last month, which is to be expected when compared to March 2021’s growth of 57%. That is according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers....
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8/4/2022
Denim apparel imports by the US declined 2.94 per cent M-o-M to $299.12 million in February while increasing by 43.41 per cent Y-o-Y, as per the latest report by OTEXA. Of the top five shippers, imports from Pakistan grew 6.94 per cent M-o-M and 117.63 per cent on a Y-o-Y basis. Bangladesh again topped the list with $ 60.80 million in export to the US....
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8/4/2022
Alpine Group, a manufacturer for brands including Under Armour, American Eagle Outfitters and Abercrombie & Fitch has announced the launch of its “factory of the future” due to open in the fourth quarter of 2022 in Egypt.
The factory of the future will add an additional 10 million garments to its annual capacity in Egypt. Alpine Group is in the process of securing LEED Gold certification for the facility, which is expected to provide an additional 2,000+ jobs for the local community....
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8/4/2022
GlobalData analysts examine the data to give Just Style an exclusive overview of how the top ten global apparel companies have fared during the Covid pandemic.
When the first Covid outbreak instigated lockdowns of ‘non-essential’ stores across the globe, including clothing and department stores, some apparel companies were quick to adapt to the ‘new normal’. Most already had a thriving online presence or had upped their direct-to-consumer sales models. But for those that relied solely on bricks and mortar, lockdowns led to a complete halt in business....
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8/4/2022
Major US retail container ports have begun to catch up with the backlog of cargo seen over the past several months but could experience another surge this summer.
The latest Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates says US ports handled 2.11m Twenty-Foot Equivalent Units (TEU) – one 20-foot container or its equivalent – in February, the latest month for which final numbers are available. That was down 2.3% from January but up 13% year-over-year....
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6/4/2022
Influenced by growing emphasis on health and wealth, the global market for functional apparels is forecast to grow at 7.3 per cent CAGR to reach $519.04 billion by 2027 says a new report by Reports and Data. In North America, the professional athletic apparel segment is anticipated to grow from $46.81 billion in 2019 to $80.37 billion by 2027. Sportswear manufacturers have initiated efficient commercial campaigns to raise awareness among target customers about their products. Under Armour has launched aggressive promotional activities after witnessing a surge in demand for sportswear products in 2017....
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6/4/2022
Egypt’s Readymade Garments Export Council (RMGEC) recently signed a cooperation protocol with the country’s customs authority's exporters and producers unit to help garment exporters get access to foreign markets. RMGEC chairperson Mary Lewis said the protocol comes as part of government directives to double Egyptian exports to $100 billion annually....
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6/4/2022
Apparel brands that capitalise on the casualisation trend and seize the online opportunity stand to do better than others post-pandemic, says GlobalData.
Research from GlobalData exploring the future of the apparel market post-pandemic reveals that throughout the pandemic, apparel was one of the hardest-hit retail sectors since it lacks the essentiality of some of its counterparts such as food, grocery, and health and beauty....
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6/4/2022
The likes of Pakistan, Bangladesh and Cambodia’s apparel exports to the US have now surpassed pre-Covid levels as buyers look to diversify their sourcing portfolios. But will they continue to pick up pace? Just Style explores.
Two years ago Covid hit, sending the US apparel industry into chaos with global retail closures and huge supply delays weighing on imports....
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4/4/2022
Two years on from the initial devastating impact of Covid, Just Style explores the rate of recovery of the top ten apparel suppliers to the US. All but three appear to have not only steadied the ship but surpassed pre-Covid volume levels – with Bangladesh and Pakistan leading the charge....
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1/4/2022
The American Apparel and Footwear Association (AAFA) has joined a letter urging the US Trade Representative Katherine Tai for a fully transparent review of the Section 301 tariffs on products from China.
The letter from Americans for Free Trade calls for a comprehensive economic assessment of the tariffs’ impact on American businesses, workers, farmers, and consumers and asks the USTR to share its plans for reviewing the tariffs, including timing and opportunities for stakeholder input....
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28/3/2022
Retaliatory tariffs on blue jeans have been dropped as a result of an agreement between the US and UK to remove steel tariffs which the US apparel industry says is “welcome news”.
On 22 March the Department for International Trade announced the UK and US had secured a resolution to end the ongoing issue regarding steel and aluminium tariffs with the US....
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28/3/2022
The global custom T-shirt printing market is expected to grow at a 9.70 per cent CAGR to surpass $9 billion upto 2032, as per a recent report by Future Market Insights (FMI). As per an Apparel Resources report, growth in this market is being triggered by the growing trend of wearing graphic, pre-printed T-shirts with movie logos and slogans....
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26/3/2022
Valued at $983.7 billion in 2019, the global readymade garments market size is projected to reach $1,268.3 billion by 2027. As per report by Allied Market Research Report, the market will grow at 8.8 per cent CAGR from 2021 to 2027. The outer clothing segment is estimated to grow at a CAGR of 8.8 per cent during the forecast period....
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25/3/2022
UK clothing store sales volumes soared by more than 13% in February, which may be linked to wider socialising and a return to the office following the lifting of Plan B restrictions at the end of January.
The latest data released today (25 March) by the Office for National Statistics (ONS) shows non-food stores sales volumes rose by 0.6% in February, compared to the prior month, with strong growth in clothing stores at 13.2% and department stores up 1.3%....
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24/3/2022
The value of textiles and apparels imports by the US increased by 28 per cent Y-o-Y in January 2022 to $10.19 billion. As per a CC Group report, volume increased by 38.1 per cent Y-o-Y to 8.59 billion sq m. The value of US’ apparel imports surged 36.6 per cent in January 2022 to $7.54 billion and volume grew 22.5 per cent Y-o-Y to reach 2.614 billion sq m....
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24/3/2022
A radical rethink of the fashion industry's economic model is the only way to curb its sustainability problem, a new report claims. The new ‘Wellbeing Wardrobe’ study commissioned by the European Environmental Bureau, makes the case for moving fashion beyond growth towards a system where human and ecological health come first....
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23/3/2022
The US Senate Committee on Commerce, Science, and Transportation approved the bipartisan Ocean Shipping Reform bill yesterday (22 March), which the US apparel industry believes will strengthen the overseas apparel supply chain.
The American Apparel & Footwear Association (AAFA) sent a letter to the committee ahead of the vote, outlining why the bill is vital for bolstering the Federal Maritime Commission and strengthening the overseas supply chain for the wider industry....
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22/3/2022
Restrictions on airspace over Ukraine and Russia will pressure already strained global supply chains and could result in a jump in consumer prices of apparel.
Higher freight rates could see consumers pay around 10.2% more for their clothing and textiles the United Nations Conference on Trade and Development (UNCTAD) has warned as restrictions on trade routes through Russia and Ukraine are further complicated....
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22/3/2022
Sharad Amalean, Chairman of the Joint Apparel Association Forum (JAAF), says, the global apparel industry will reach $2.2 trillion by 2025. With sharp price points and constant pursuit of cost efficiencies, the apparel industry currently faces competing priorities, Amalean adds. The pandemic has brought these aspects even more sharply into focus; brands and companies have increased their vigilance on the social, environmental, governance and ethical aspects of manufacturing....
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22/3/2022
Just Style asks a panel of industry experts if apparel business strategies have changed due to the supply chain challenges that arose during the Covid pandemic and if the industry is better prepared now than it was in 2020 to handle another global crisis in future.
While some believe the industry has made positive changes to weather another global pandemic, others are yet to be convinced....
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18/3/2022
What were the greatest lessons the industry learned from the pandemic, and what opportunities has it presented? Supply chain vulnerability, partner-based relationships, and a multi-channel offering are all among the biggest takeaways from the last two years.
Industry executives also point to the importance of flexibility and say change is here to stay....
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17/3/2022
US retail sales are expected to grow between 6-8% in 2022 with the National Retail Federation (NRF) anticipating durable growth this year, notwithstanding risks related to inflation, Covid, and geopolitical threats.
Issuing its annual forecast, NRF said it expects retail sales will reach more than US$4.86 trillion in 2022. The announcement was made during NRF’s annual State of Retail & the Consumer virtual event where retail industry leaders discussed the strength of the consumer economy and the future of retail....
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17/3/2022
US retail sales showed a strong year-over-year gain in February, with clothing stores leading growth, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of Omicron affected the supply chain.
Overall US retail sales in February were up 0.3% seasonally adjusted from January and up 17.6% year-over-year, according to US Census Bureau data. That built on a monthly increase of 4.9% in January over December – more than a percentage point higher than the original estimate of 3.8% – and January’s 14% increase year-over-year....
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15/3/2022
Egypt's garment exports grew by 54 per cent to $204 million in January 2022 compared to 132 million in January 2021, says Marie Louise, Head, Apparel Export Council. The US emerged largest destination for Egyptian garment exports with a value of $123 million in January 2022, compared to $78million in 2021; followed by European markets which received clothing with a value of $37 million compared to $28 million....
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15/3/2022
The February 2022 online prices increased 3.6 per cent year-over-year (YoY) and 0.1 per cent month-over-month (MoM) in the United States, as per a latest online inflation report. This is a new record high, after the previous record in November 2021 when prices rose 3.5 per cent YoY. It marked the twenty-first consecutive month of YoY online inflation. February marked the twenty-first consecutive month of online inflation....
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11/3/2022
Apparel exports from Turkiye increased by 5.52 per cent year-on-year in January 2022, according to the data from the Turkish Statistical Institute and the country’s ministry of trade. During the first month of the current year, Turkiye exported apparel worth $1.418 billion, compared to exports of $1.344 billion during the corresponding period of 2021....
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11/3/2022
The US trade deficit in goods and services rose by 9.4% in January, reflecting an increase in the goods deficit of US$7.1bn and a decline in the services surplus of $0.6bn. The trade deficit in goods amounted to $89.7bn in January, up $7.7bn from $82bn in December, revised, according to trade statistics released by the Department of Commerce....
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9/3/2022
Imports at major US retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion. “Consumers are still spending and the supply chain is still working to keep up,” NRF vice president for supply chain and customs policy, Jonathan Gold says....
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9/3/2022
UK online retail sales growth dropped to 27% year-on-year in February, versus a 24.4% decline in January, according to the IMRG Capgemini Online Retail Index.
Despite February’s year-on-year online retail growth dropping even lower than the previous month’s record, there were signs of a return to normal spending patterns within the broader set of results, according to the Index, which tracks the online sales performance for over 200 retailers....
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7/3/2022
Several global fashion and footwear brands including Nike, Mango, Zara owner Inditex, H&M, Marks & Spencer, Under Armour, Canada Goose, Puma as well as home furnishings brand Ikea have suspended operations in Russia following its invasion in Ukraine. Luxury brands like LVMH, Hermès and Kering among others have also temporarily closed their Russian stores....
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7/3/2022
The failure of Bangladesh’s backward-linkage industry to support the apparel subsector is causing the share of woven garments in its export earnings to wane.
Bangladesh's woven apparel subsector faces strict rules-of-origin (RoO) requirements in its major destinations, including the European Union, after Bangladesh's LDC graduation. Manufacturers in the country will need to comply with double-transformation requirement irrespective of their access to GSP or GSP-plus schemes....
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5/3/2022
Pakistan's textile industry has set a target a increase textile exports to $20 billion in the next few years. Its textile exports rose by 37 per cent to $1.69 billion in February 2022, as against $1.23 billion in February 2021, reveals All Pakistan Textile Mills Association. The exports of textile commodities surged by 24.73 percent during the first seven months of the current fiscal year (2021-22) as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported....
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4/3/2022
The importance of manufacturing in fashion was reemphasized in the last two years as the pandemic and US-China trade war disrupted production in China and other parts of the world. Virus flare ups continued to disrupt production across countries like Italy and Vietnam. Besides, manufacturers in countries like Ukraine are also contending with geopolitical tensions....
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4/3/2022
China's share of US apparel imports has grown for the first time since 2017, with new figures suggesting sourcing executives relied on the country at a greater rate in 2021 – despite the industry being awash with talk of re- and near-shoring.
Just Style has analysed full-year import data from the US Office of Textiles and Apparel (OTEXA) which reveals the top ten apparel suppliers to the US in 2021....
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3/3/2022
The European Apparel and Textile Confederation (Euratex) is urging the EU to control spikes in oil and gas prices, saying many textile and clothing companies will be forced to shut down production due the rise in energy costs....
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3/3/2022
Bangladesh’s garment accessory makers recently sought renewal of various licences once every three years to help the industry save time and money. They also demanded suspension of corporate tax for three years, saying many factories remained closed or failed to resume operations due to non-payment from buyers and insufficient government financial support since March 2020....
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28/2/2022
Defying global slowdown, the textile and apparel manufacturing sector has been growing at a steady rate. The sector has emerged as one of the most well-established industries across nations. The top 10 highly prospective apparel exporters in 2022 according to Textile Today were:...
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25/2/2022
Indonesia’s garment industry is likely to grow 10.44 per cent in the first half of the 2022, as the upcoming Ramadan festival will drive demand, estimates Elis Masitoh, Director- Textile, Leather and Footwear Industry, Ministry of Industry. Production volume of the apparel industry could grow 10.44 per cent on an annual basis in the first quarter of 2022. However, demand is likely to rebound to only 75 per cent of pre-COVID levels, adds Masitoh....
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25/2/2022
As the US announces a broad range of restrictions and sanctions on exports to Russia following the country's invasion of Ukraine, the US apparel industry reveals it is taking measures to ensure operations are fully compliant....
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24/2/2022
The European Commission has adopted a proposal for a directive on corporate sustainability due diligence, meaning clothing brands selling and operating within the bloc will be held to account over the impact of their operations on the environment and people working within their supply chains. However, there are some exceptions....
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23/2/2022
US textile and clothing imports, which had declined in 2020, rebounded sharply during January-November 2021, notes a Textileintelligence report by Innovation in Textiles. US textile and clothing production and exports also rebounded during the period. US’ imports of textile and clothing from Argentina had declined sharply in 2020. However, there was significant rebound during January- September 2021. Textile and clothing production, imports and retail sales in the country had also declined in 2020 but rebounded from January-September 2021....
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21/2/2022
The US’ cotton trousers imports grew over 32.24 per cent to $12.04 billion in 2021, according to OTEXA. As per Apparel Resources, imports also crossed pre-pandemic levels of $11.80 billion. Bangladesh emerged top exporter with exports growing 34 per cent to $2.57 billion. Vietnam occupied the second position with exports growing by 15.09 per cent to $1.98 billion. The third largest exporter was China whose exports grew by 35.60 per cent y-o-y to $1.69 billion. Mexico with exports worth $920.14 million, Pakistan with $ 868.43 million exports, Cambodia $625.48 million and Indonesia $ 610.15 million also reported a robust growth in cotton trousers exports to the US....
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18/2/2022
Despite surging COVID-19 cases, Vietnam's apparel exports are expected to rise by 7.4 per cent this year to $43.5 billion as factories continued production. The country recently lifted most of its COVID-19 restrictions as it expects a milder impact on the garment and textile industry owning to a high vaccination rate, says Troung Van Cam, Vice Chairman, Vietnam Textile and Apparel Association....
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17/2/2022
US retail sales powered through Covid-19’s Omicron variant, inflation, and other challenges to post strong increases in January, with clothing sales edging up 0.7% on the month prior.
Overall US retail sales during January were up 3.8% seasonally adjusted from December and up 13% year-over-year, according to US Census Bureau data. By comparison, December sales were down 2.5% from November but up 16.7% year-over-year....
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16/2/2022
Higher UK clothing and footwear prices helped to keep inflation at a near 30 year high in January, according to data from the Office for National Statistics (ONS).
The UK’s Office for National Statistics (ONS) highlights in its Consumer Prices Index for January that clothing and footwear made the largest upward contribution to the 12-month inflation rate with ONS chief economist Grant Fitzner explaining inflation reached a “near 30 year high”....
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15/2/2022
In 2021, Bangladesh emerged the largest exporter of denim garments to the US for the second consecutive year, as per the latest OTEXA report. The value of Bangladesh’s denim garments exports to the country surged 42.25 per cent y-o-y to $798.42 million from $561.29 million in 2020....
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14/2/2022
Portuguese textile and clothing exports increased by 16.5 per cent to €5.419 billion in 2021 compared to 2020 and 3.9 per cent above the 2019 figure, according to the Textile and Clothing Association of Portugal (ATP). Export of knitted garments increased 9 per cent compared to 2019 to €2.336 billion. Home textiles exports increased 17 per cent to €763 million compared to the 2019 figure....
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11/2/2022
US' jeans imports increased by 31.36 percent to $3.68 billion in 2021, according to the Commerce Department’s Office of Textiles and Apparel (OTEXA).
Jeans imports from top supplier Bangladesh jumped 42.25 percent to $798.42 million in 2021 following 2020’s 3.98 percent decline, according to OTEXA. While labor and factory safety concerns continued, Bangladesh’s’ import market share rose to 21.69 percent last year from 20 percent in 2020....
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11/2/2022
AAFA president and CEO Steve Lamar says the results of the January 2022 Consumer Price Index report, which shows apparel prices were up by 5.1% compared to 2021 and footwear by 6.1%, shows the Biden administration needs to alleviate ‘spiralling’ inflation for consumers and the US apparel industry....
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10/2/2022
China has come out on top as having the most self-sufficient apparel and textile supply chains in the world in terms of what it outputs versus the amount of each commodity it imports, according to a supply chain vulnerability index published by Just Style.
Just Style analysed data supplied by global trade database Comtrade which explores 127 of the world's 195 countries to determine a goods balance between textile imports and exports and apparel imports and exports....
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10/2/2022
The goods and services deficit amounted to $80.7bn in December, up $1.4bn from $79.3bn in November, revised, according to trade statistics released by the US Census Bureau and the US Bureau of Economic Analysis.
December exports were $228.1bn, $3.4bn more than November exports, while imports during December were $308.9bn, $4.8bn more than those in November imports....
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10/2/2022
Continued high volumes at major retail container ports will, however, keep up the pressure that built last year as the economy bounced back from the pandemic.
“We’re not going to see the dramatic growth in imports we saw this time last year, but the fact that volumes aren’t falling is a clear sign of continued consumer demand,” says NRF vice president for supply chain and customs policy, Jonathan Gold. “Last year set a new bar for imports, and the numbers remain high as consumers continue to spend despite Covid-19 and inflation. The slowdown in cargo growth will be welcome as the supply chain continues to try to adapt to these elevated volumes. Unfortunately, many experts expect ongoing disruptions throughout 2022 for a variety of reasons.”...
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7/2/2022
The American Apparel & Footwear Association (AAFA) has welcomed the passage of the America Competes Act which it says will protect consumers from dangerous counterfeits and address the worsening shipping crisis.
Included within the America Competes Act is the Shop Safe Act, Inform Consumers Act, Ocean Shipping Reform Act (OSRA), and the retroactive renewal of the Generalized System of Preferences (GSP) and Miscellaneous Tariff Bill (MTB),...
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7/2/2022
The results of five surveys conducted for the USFIA seminar, revealed that shipping delays, supply chain disruptions, increasing logistics costs, and managing risks from forced labour in supply chains such as in China’s Xinjiang region, were the most pressing problems for the industry today....
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5/2/2022
During the July-January period of FY 2021-22, earnings from Bangladesh readymade garments (RMG) exports grew by 30.3 per cent to $23.98 billion, shows data from Export Promotion Bureau.
Earnings from knitwear exports grew by 32,89 per cent to $13.27 billion while those from woven products exports grew by 27.23 per cent to $10.71 billion as per a Textile Today report....
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4/2/2022
The United States is the second-largest investing country in Turkey, with over $1.1 billion investment in 2021, according to Turkish official data, which recently revealed foreign direct investment (FDI) inflows to Turkey increased by 87 per cent in the first 11 months of 2021....
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2/2/2022
Buoyed by strong orders and revival of global retail industry, India’s apparel export revenues surged 24 per cent in 2021 over 2020. Export evenues increased to $15.21 billion during calendar year 2021 as compared to $12.27 billion in 2020. Revenues shrunk 24.50 per cent due to the pandemic in 2020 that wreaked havoc in the global apparel industry. Compared to 2019, export revenues declined by 6.43 per cent in 2021. The US emerged as top apparel export destination for India during 2021 with shipments totaling $4.78 billion worth of garments, noting 44.93 per cent Y-o-Y growth....
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2/2/2022
Nearly two years on from the short-lived 2020 recession, the US appears to be at the midpoint of an economic cycle that should continue to see growth even as the Federal Reserve raises interest rates to bring inflation under control, National Retail Federation (NRF) chief economist Jack Kleinhenz says....
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2/2/2022
The British Retail Consortium says it is going to be impossible to protect consumers from product price rises in future with commodity prices, energy prices and transportation costs continuing to rise and fuelling inflation across retail stores, including clothing sellers....
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31/1/2022
Focus on high-value added products can help India boost apparel exports to Columbia by double digits, says Narendra Goenka, Chairman, AEPC. India’s exporters are already focusing on higher value and specialized products like man-made fibre (MMF) apparels, medical and technical textiles, he adds. Currently there has been a fall in RMG imports by Columbia though Indian exporters have been able to maintain their share at 3.2 per cent with $ 21 million in 2019 and $13 million in 2020, he adds....
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28/1/2022
Bangladesh's readymade garment (RMG) exports to the US surged 45.91 per cent during the July-December period of fiscal year 2021-22. Country-wise RMG export data published by the Export Promotion Bureau (EPB), shows, Bangladesh’s apparel export earnings surged to $4.2 billion in the first six months of the current fiscal year from $2.9 billion during the same period of FY21. As per a Dhaka Tribune report, Bangladesh’s exports of woven products grew by 39.97 per cent during the period to $2.83 billion. Its knitwear exports grew by 57.48 per cent to $1.54 billion....
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28/1/2022
Until recently, Bangladesh' dominance in the world apparel market remained unchallenged. However, in the last few years, Vietnam has slowly begun to usurp Bangladesh's position as leading fashion manufacturer of the world. Recent World Trade Organization (WTO) report shows, Vietnam’s fashion industry is at least one score ahead of Bangladesh on 10 leading indices. On the other hands, its score on sustainability and political stability are 1.5 and 2 points ahead respectively....
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28/1/2022
The Egyptian apparel sector's exports rose by 41 per cent in 2021 to $2.49 billion compared to $1.457 billion in 2020, according to Marie Louise, head of Apparel Export Council of Egypt (AECE), who recently noted that these figures are the highest for Egypt's garment export sector, and it is a historical increase that has not been achieved before....
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26/1/2022
The returns figure accounts for an average of 16.6% of total US retail sales, which soared to $4.583 trillion in 2021, according to a new report released by the National Retail Federation (NRF) and Appriss Retail.
“As total retail sales continue to accelerate from sustained consumer demand during the pandemic, it is no surprise that the overall rate of returns has also been impacted,” says Mark Mathews, NRF’s vice president of research development and industry analysis....
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25/1/2022
As per trade promotion body ZimTrade, Zimbabwe’s textile and footwear exports by 85 percent in 2021 as the country made inroads into regional markets. Zimbabwe’s exports of these products surged to $32,3 million in the first eight months of 2021 from $17,7 million in 2020, as per a report by The Herald.
Traditionally Zimbabwe's textile market sector exports products mainly to South Africa with an estimated export market share of 91,74 percent, Zambia (1,91 percent), Germany (0,34), Malawi with an exports contribution of 0,12 percent, and Mozambique....
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25/1/2022
About 12,659 garment companies of China earned a combined operating revenue of 1.33 trillion yuan (approximately $209.48 billion) during January to November 2021, recording a 7.7 per cent YoY growth, according to the Ministry of Industry and Information Technology (MIIT). The country’s garment industry reported a growth in production, revenue and profits....
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24/1/2022
Cambodia's garments, textiles and footwear exports have surged by 10 per cent annually over the last decade. Garments industry bounced back last year after a year of decline in 2020 due to the COVID-19. Members of Garment Manufacturers Association Cambodia (GMAC) hope to mark 2021 as a year of strong growth for the sector....
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22/1/2022
Bangladesh apparel exports grew by 30.36 per cent in the calendar year 2021. According to Export Promotion Bureau (EPB) data, its exports earnings grew by 30.36 per cent during the year to $35.81 billion against $27.47 billion in 2020. Of the total exports earned from the clothing products, earnings from knitwear exports surged by 37.72 per cent to $19.60 billion while earnings from the export of woven products surged by 22.45 per cent to $16.21 billion...
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21/1/2022
Ethiopia's textile and garment sector has exceeded its target export revenues in the last five months. In particular, the leather business is expected to generate $90 million this year. The industry is expected to help the country’s overall economy by improving its performance.
Around 80 of the 400 textile and garment firms in Ethiopia export textile items. The textile and leather sectors in the country face a number of issues, including the availability of foreign money, input raw materials, and spare parts....
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19/1/2022
The findings, published by Tradeshift, a cloud-based supply chain payments platform for a number of clients, including apparel, show global supply chain growth remained flat in Q4 2021 despite Omicron, however the slowing of China’s supply chains due to lockdowns could still have a knock-on impact for the rest of the world.
The report states: "A spate of lockdowns in key industrial regions across
China could trigger more shortages of crucial manufacturing components and extended order backlogs."...
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17/1/2022
The goods and services deficit amounted to $80.2bn in November, up $13bn from $67.2bn in October, revised, according to trade statistics released by the US Census Bureau and the US Bureau of Economic Analysis. The figure is just below September's record $81.5bn, according to international trade law firm Sandler, Travis & Rosenberg (ST&R)....
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17/1/2022
Pakistan's textile exports fell 61 per cent in the first nine days of January, shows official data by the Ministry of Commerce. Data released by the All Pakistan Textile Mills Association (APTMA) also confirms, Pakistan's textile production declined by $290 million in the first nine days of 2022. Production of value-added textiles accounted for $213 million and other textiles accounted for $77 million in terms of both value and volume, as per a report by the Global Village Space....
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17/1/2022
As per the Institute for Development of Economics and Finance (Indef), the Indonesian textile industry will grow only 3 per cent this year, much below the Ministry of Industry's target of 5 per cent, says Ahmad Tauhid, Executive Director, Indef. Several factors will impact the industry's growth in 2022, as per an Indo Textiles report. These include the uncertainty surrounding spread of Omicron variant whose impact can restrain demand in shopping and trade centers....
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14/1/2022
The poll, which was conducted by audit firm KPMG and OnePoll between 13 to 17 December 2021, revealed that for the third of UK consumers (32%) who want to cut spending in 2022, clothing (50%) was only second behind eating out (55%) as the main luxuries they would choose to reduce. However, when the results were analysed by gender, the percentage rose to 59% amongst women polled....
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13/1/2022
In a letter to President Joe Biden, the head of the American Apparel and Footwear Association (AAFA) Steve Lamar applauded efforts taken thus far by the administration to tackle the crisis, which includes key legislation and long-term investments in infrastructure and initiatives to combat the endemic trucker shortage which it says will pay dividends in the medium and long term to help prevent the next shipping crisis....
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12/1/2022
The sportswear segment is in its glory days, benefitting from a need for comfort with more people at home and taking up fitness activities following the outbreak of Covid across the globe.
The pandemic has forced a lifestyle shift which has seen people spending significant amounts of time at home and prioritising comfort and wellbeing....
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10/1/2022
The latest Global Port Tracker report by the National Retail Federation (NRF) and Hackett Associates has revealed US imports saw year-over-year growth as high as 65% in some months during 2021.
After a year of unprecedented increases, imports at the US's major retail container ports are expected to return to normal growth rates in 2022 but volumes will remain high....
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10/1/2022
Bangladesh's readymade garment (RMG) industry is capable of handling monthly orders worth $7 billion to $8 billion soon, according to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan, who recently said the country earned $4 billion exporting apparel in December last year, the highest-ever monthly record....
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8/1/2022
After registering a steep fall of 21 per cent year-on-year to $4.423 billion in 2020, textile and garment exports from Sri Lanka are likely to cross $5-billion mark in 2021, as the island nation has already earned $4.404 billion until October, growing at 20.8 per cent year-on-year, according to the statistics released by the Central Bank of Sri Lanka....
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7/1/2022
Readymade garment (RMG) exports from Bangladesh increased by 28.02 per cent to $19.900 billion in the first six months of fiscal 2021-22 compared to exports of $15.545 billion in the same period of the previous fiscal, according to the provisional data released by the Export Promotion Bureau. Knitwear exports gained more than woven RMG exports....
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5/1/2022
Indian apparel exports grew by 35 per cent during the first nine months of 2021, the AEPC has said. This is despite the fact that local restrictions impacted operations in the first quarter during the second wave of the pandemic. Exporters have done exceedingly well and dealt well with the challenges. Garment exporters have a fast growing order book from brands and buyers across the world. With the active support of the government and driven by strong demand conditions, Indian apparel exports are expected to see historic highs in the coming months....
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5/1/2022
Just Style's list of top 10 apparel sourcing countries to watch out in 2022 contains a mix of a few likely and unlikely suspects. Based on the ranking of GlobalData's Apparel Intelligence Center the list rates countries on the basis of 15 main factors that influence a supply chain executive’s decision to use a country for apparel sourcing in 2022.
The list contains 27 countries, rated for their ability to offer free/freight on board, price, tariff advantage, compliance/sustainability, efficiency, lead time, reliability, ability to make basic products, financial stability, ability to source new materials, political stability, flexibility of order quantity, innovation and ability to develop products with buyers and ability to create value-added products....
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4/1/2022
There are already 10 key trends in motion within the apparel industry that can be used to make an educated guess for what will be in store over the course of 2022, argues industry consultant Robert P. Antoshak.
As I nurse my New Year's Eve hangover, I am preoccupied with two issues. One, when will my head stop hurting? And, two, what’s in store in terms of trends within the apparel industry for 2022: Will there be more headaches or some relief?...
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4/1/2022
The value of textile and garment exports from Pakistan increased by 28.41 per cent year-on-year in dollar terms in the first five months of fiscal 2021-22. During the period, Pakistan earned $7.758 billion from textile and apparel exports, compared to exports of $6.041 billion in July-November 2020, according to data from Pakistan Bureau of Statistics....
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4/1/2022
From January to November end 2021, Egypt's readymade garment and apparel exports increased by 38 per cent, according to the Marie Louise, Head, Apparel Export Council of Egypt (AECE). Exports amounted to $1.7 billion, compared to $1.3 billion in the same period of 2020. Exports to the US were highest during the first 11 months valued at $1.04 billion compared to $726 million in the same period in 2020, an increase of 44 per cent. Additionally, exports to Europe increased 3 per cent to record $320 million in 11 months of 2021, compared to $310 million in the same period last year....
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3/1/2022
Imports of textiles and apparel by the US increased 25 per cent in the first 10 months of 2021 compared to the first 10 months of 2020 reveal OTEXA data. With a 27 per cent share, China continues to be the largest supplier of textiles and clothing to the US, followed by Vietnam with a 13 per cent share. Apparel constituted the bulk of textile and garment imports made by the US during the 19 months while non-apparel imports accounted for the remainder....
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3/1/2022
Apparel exports from Turkey increased by 23.02 per cent year-on-year in the first eleven months of 2021, according to the data from the Turkish Statistical Institute and the country’s ministry of trade. In January-November 2021, Turkey exported apparel worth $16.676 billion, compared to exports of $13.555 billion during the corresponding period of 2020....
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29/12/2021
During the first 10 months of 2021, import of children's wear into the US grew 32 per cent. Sourcing of children’s clothing is back on track this year after COVID woes. As per OTEXA figures, China is still the largest children's wear exporter to the US even as the country has been facing serious backlash over unethical business practices of late. China's exports to the US from January 2021 to October 2021 grew by 41 per cent....
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25/12/2021
The amended Caribbean Basin Economic Recovery Act (CBERA) provides duty-free treatment for certain apparel articles imported to the United States directly from Haiti. One of the preferences—the ‘value-added’ provision—requires apparel to meet a minimum threshold percentage of value-added in Haiti, the United States and certain beneficiary countries subject to a quantitative limitation....
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24/12/2021
The outbreak of COVID-19 in Vietnam, Bangladesh, Cambodia and other Southeast Asian countries led to a sharp drop in apparel and textile exports from these countries. At the same time, the gradual subsiding of the pandemic in China and its stable and complete supply chain resulted in a few apparel and textile orders meant for these countries being diverted to China. China also witnessed a rebound in operating rate of domestic textile and apparel mills that led to a sharp surge exports....
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24/12/2021
On Thursday (23 December). US President Joe Biden signed a bill that bans the import of all goods from the Xinjiang region of China, following claims of forced labour in the region.
The US bill banning the import of all goods from China's Xinjiang Uyghur Autonomous Region (Xinjiang), is called H.R. 6256 or The Uyghur Forced Labor Prevention Act and it also imposes sanctions on foreign individuals responsible for what it calls 'forced labour' in the region....
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23/12/2021
Cotton production in India during the cotton season 2021-22 is expected to be above 350 lakh bales, says Indian Cotton Federation. The increase in minimum support prices has encouraged farmers and helped maintain the area under cotton. It incentivised farmers to take up better crop management practices. On the export front, too, the demand is robust. The Indian textile industry saw good demand during Covid because of the market for protective garments and later because of the market going up for garments and made-ups....
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22/12/2021
Pakistan's textile exports increased eight per cent in November 2021, reveals a Topline Securities report. The main reason was depreciation of Pakistani rupee. Growth was mainly driven by the low base effect due to Covid-led restrictions and volumetric growth in value-added segments excluding knitwear segment.
The major contributor in the significant recovery of textile exports is the value-added segment that includes knitwear. Exports of value added textiles recorded a growth of seven per cent. Exports of readymade garments increased 11 per cent, bedwear by nine per cent and towel exports by 28 per cent....
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21/12/2021
The International Trade Centre (ITC) and the International Apparel Federation (IAF) have signed a Memorandum of Understanding (MoU) to support garment manufacturing companies in addressing emerging challenges related to competitiveness.
The collaboration between the ITC and the IAF will also support associations of garment manufacturers and apparel manufacturing companies themselves in understanding the governance structure of the global apparel value chain and industrial relations between brands and retailers and supplying garment manufacturers....
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20/12/2021
Asia-Pacific is likely to hold a significant market share from 2021 to 2026 owing to growth in the infant population especially in developing countries like India and China, reveals a research report by Research and Markets. Robust economic growth and rising household incomes are expected to increase consumer spending on children’s apparel and footwear products in the Asia-Pacific region. The growth in the number of high net worth individuals and urbanisation in Middle East countries, especially Saudi Arabia, Qatar and the UAE, is creating huge opportunities for luxury children's apparel brands to enter the apparel market of these countries. The growing operational expansion of key players in Asian countries is likely to boost the market growth in African region....
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17/12/2021
7. Egypt
Score: 51/75
Egypt, which sits on the border between Africa and the Middle East, also scored 51/75 but was ranked higher than Guatemala as it scored two ‘excellent’ ratings as opposed to the Central American country’s one.
Egypt was awarded excellent (5/5) for its lead time and ability to provide FOB for garments from formal wear and denim to cotton basics.
A major benefit of using Egypt as an apparel sourcing destination is it’s average lead times range from 30-75 days. In fact, some products can be ready to ship in as few as 12 days, and samples can be ready in as little as a week. Shipping to countries within Egypt's region takes two to 18 days, to Europe from six to 12 days, and to the US from 12 to 30 days. Egypt has also improved its port processing speed, although labour unrest can lengthen load and sitting times.
Egypt has a moderate-sized garment industry with the EU and the US listed as its largest export markets. Textiles and apparel represent about 8% of exports, 27% of industrial production, and 10% of the country's working population. The apparel sector employs about 1.5m workers in 2,500 factories. However, outside Egypt’s Qualified Industrial Zone, the industry is dominated by small and mid-sized companies, often not modernised or integrated into garment production.
Over the past few years, it has become easier to carry out business within the country and interest rates have fallen. Egypt has worked hard to increase sustainability, although workers' rights remain among the poorest, according to the annual report of the International Trade Union Confederation....
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17/12/2021
The US trade deficit in goods and services tumbled by 17.6% in October, reflecting a decline in the goods deficit of US$14bn and an increase in the services surplus of $0.3bn. The deficit amounted to $67.1bn in October 2021, down $14.3bn from $81.4bn in September, revised, according to trade statistics released by the Department of Commerce....
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16/12/2021
US imports of denim increased 28 per cent in October 2021 compared to a year earlier. As per Commerce Department’s Office of Textiles & Apparel (OTEXA) data, imports from Mexico grew 43 per cent. Shipments from countries of the Central American Free Trade Agreement (CAFTA) rose 29 per cent, led by a 30 per cent from Nicaragua and a 22 per cent gain from Guatemala. Columbia contributed with a 30 per cent rise. Denim imports from Vietnam remained tepid with a four per cent rise. Top supplier Bangladesh rolled along with a 31 per cent increase in the month while China saw a 17 per cent gain. Imports from Pakistan jumped 51 per cent, Cambodia rose 18 per cent and Sri Lanka was up 43 per cent. Jeans imports from Turkey increased 61 per cent in October 2021. October increases were posted by Lesotho, Madagascar, India, Macau, Italy and Japan. Declines were seen from Jordan, Ethiopia, Kenya and Tanzania....
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16/12/2021
Apparel exports from India have registered strong growth in the last three months, according to the latest data released by the Apparel Export Promotion Council. Exports in September, October and November 2021 increased by 20.3 per cent, 13.0 per cent and 1.3 per cent respectively, over the same months in 2019 (since 2020 was a whitewash)....
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14/12/2021
As the threat of Christmas lockdown drove consumers out of their houses to socialise and shop last month, UK online retail sales recorded their lowest ever growth – with every category, except clothing, seeing double-digit negative growth.
UK online retail experienced its worst month of sales growth ever in November, falling by a 19.8% year-on-year, according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers....
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14/12/2021
US consumer price index (CPI) increased by 0.8 per cent in November after surging by 0.9 per cent in October. In the 12 months till November, CPI accelerated by 6.8 per cent—the biggest year-on-year rise since June 1982 and followed a 6.2 per cent advance in October.
President Joe Biden acknowledged the burden on household budgets arising out of the high inflation and assured citizens that efforts are being made to ease supply bottlenecks. "We are making progress on pandemic-related challenges to our supply chain which make it more expensive to get goods on shelves, and I expect more progress on that in the weeks ahead," Biden said in a statement....
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13/12/2021
The American Apparel & Footwear Association is urging Biden to tackle rising apparel inflation rates following the news the US Consumer Price Index has increased to a 40-year high of 6.8%.
The US Bureau of Labor Statistics announced last week (10 December 2021) the all items index rose 6.8% for the 12 months ending November 2021, with inflation rising to 5% for apparel and 4.7% for footwear during this time....
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9/12/2021
Imports at the nation''s major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the Covid-19 pandemic.
The latest Global Port Tracker report by the National Retail Federation (NRF) and Hackett Associates has revealed retail imports for 2021 are expected to total 26m Twenty-Foot Equivalent Units (TEU), an increase of 18.3% over 2020 and the highest number since NRF began tracking imports in 2002....
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9/12/2021
Despite the impact of the pandemic, the Vietnamese ministry of industry and trade (MoIT)recently forecast that the country’s total trade value this year may hit $640-645 billion, with a slight trade surplus. Major industries like textiles, garments, leather and footwear are on track to achieve their business targets earlier than expected, it said....
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9/12/2021
The Turkish ready-to-wear industry expects exports to jump 15 per cent in 2022. The reason for this optimism is European markets are eyeing more imports from Turkey. As per Mustafa Gültepe, Head, Istanbul Apparel Exporters’ Association (IHKIB) European brands are looking at Turkey due to problems in the supply chain, increased freight and logistics costs. The disruptions that the pandemic has caused in the global economy, including in supply chains across continents, have prompted many global fashion retailers to consider turning away from low cost manufacturing hubs in Asia. Some plan to shift their production to Turkey....
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8/12/2021
Sri Lanka's apparel industry forayed into exports in the late 70s. This ushered in forex and recognition to the industry. Facilitated by the 200 Garment Factories Program, Sri Lanka expanded manufacturing across the country during the 90's. This helped the country uplift its rural economies. As per a Knitting Industry report, its manufacturing evolved further in the last decade as it focused on end-to-end partnerships and complete customer solutions. However, the industry's full potential is yet to be realised....
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6/12/2021
Having witnessed a tremendous uptick over the years, the US market for denim jeans is estimated to be around 25 per cent of the global denim apparel market. As per Global Industry Analysts Inc (GIA), the total value of the market is expected to reach $16.40 billion in 2021. The import data released by OTEXA also supports the market value estimated by GIA. As per an OTEXA report, US' imports of denim apparels increased by 28.56 per cent Y-o-Y to $2.54 billion during January-September '21 period. In terms of quantity, the imports grew by30 per cent to 27.07 million dozen annually....
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6/12/2021
The 2021 holiday shopping season appears to be on track to exceed the National Retail Federation (NRF) forecast for record spending despite supply chain disruptions, inflation, and challenges like the new Covid-19 omicron variant.
“Now that we’re in December, the holiday shopping season is nearing the finish line,” says NRF chief economist Jack Kleinhenz....
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6/12/2021
All goods produced in Turkey, including clothing for exports, will be labelled 'Made in Türkiye', a presidential decree published in the Official Gazette said. 'Made in Türkiye', instead of 'Made in Turkey', was first suggested for voluntary use on all the country’s products meant for exports, by the Turkish Exporters' Assembly (TIM) in January 2000....
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4/12/2021
Vietnam earned $30.659 billion from textile and garment exports in the first ten months of 2021. Of this, yarn exports accounted for $4.564 billion while fabric and garment exports were valued at $26.091 billion, according to the preliminary data released by the customs IT & statistics department, general department of customs, Vietnam’s ministry of finance....
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3/12/2021
From January 2021 to September 2021 denim exports from Bangladesh to the US rose 31.40 per cent, making Bangladesh the top denim supplier to the US reveal OTEXA figures. But in the same period prices of Bangladesh-made denim fell 2.46 per cent. While unit prices of denim made in Mexico grew by 1.25 per cent.
China's dominance as one of the top denim sourcing countries has diminished significantly. Despite the fact that the country offers one of the bottommost unit prices among the top five denim exporting countries, all brands are lowering their reliance on Chinese cotton. And other prominent denim exporters are grabbing this opportunity....
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1/12/2021
US exports of textiles and apparels increased 20.15 per cent year on year in the first nine months of 2021 reveals OTEXA figures. Apparel exports increased 28.94 per cent year on year while exports of textile mill products rose 17.31 per cent during the first nine months of 2021. Among textile mill products, yarn exports increased by 26.09 per cent year on year, while fabric exports were up 15.79 per cent and made-up and miscellaneous article exports grew 12.92 per cent....
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30/11/2021
Apparel exports from Turkey increased by 25.72 per cent year-on-year in the first ten months of 2021, according to the data from the Turkish Statistical Institute and the country's ministry of trade. In January-October 2021, Turkey exported apparel worth $15.118 billion, compared to exports of $12.252 billion during the corresponding period of 2020....
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30/11/2021
The value of textile and garment exports from Pakistan increased by 26.55 per cent year on year in dollar terms in the first four months of fiscal 2021-22. Knitwear exports rose a sharp 35.45 per cent year on year during the four-month period while exports of non-knit readymade garments were up 22.34 per cent. Among textiles, cotton yarn exports increased 71.39 per cent. Exports of cotton fabric rose 18.54 per cent during the period under review. Bedwear exports jumped 21.30 per cent....
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26/11/2021
Changes to apparel supply chains on the back of Brexit will ultimately lead to greater efficiency gains in the long run, a new thematic report from GlobalData has revealed.
The thematic report titled ‘The Impact of Brexit on Apparel’ outlines the effects of the UK agreeing the terms of its departure from the EU bloc in December 2020, on the apparel sector....
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25/11/2021
US apparel sellers are seeing customers returning to stores. Customers returning to schools and offices are shopping more at physical stores following the easing of Covid curbs. People stuck at home during lockdowns turned to comfortable joggers and sweatshirts, but reopening of schools, workplaces and public spaces following vaccinations has prompted them to splurge again on street wear, including jeans and shirts. The start of holiday season has been promising. Customers have come out early to shop and have been responding well to assortments. Retailers have shrugged off holiday inventory concerns, confident they have ample goods despite port congestion and some factory closures. American department store chains delivered strong results for the fiscal third quarter....
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24/11/2021
Vietnam's ministry of industry and trade (MoIT) recently forecast that the total import-export revenue this year may reach $640-$645 billion, with a slight trade deficit. The ministry attributed that to the efforts of the business community in overcoming pandemic-induced difficulties to maintain production, especially those in the garment, textile and leather sectors....
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23/11/2021
Cambodia's garment exports increased by 11.40 per cent from January to September 2021 compared to the same time previous year reveal General Department of Customs and Excise stats. Despite Covid, the Cambodian garment industry managed to avoid falling into negative territory. The industry has been gaining market share as a result of extraordinary hurdles stemming from political concerns and Covid consequences of rival nations. The surge in garment exports bodes well for economic activity in the country as other nations grapple with the difficult conditions imposed by the virus. This year Cambodia was lucky to receive some orders shifted from Myanmar and would have grown bigger were it not for the February 20 community outbreak....
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22/11/2021
India's exports in October 2021 rose 43 per cent compared to October 2020 reveal India merchandise trade's latest stats. As compared to October 2019, exports in October 2021 exhibited a positive growth of 35.89 per cent in dollar terms and 43.30 per cent in rupee terms. Leather exports rose 15 per cent in October 2021. Carpet exports rose 10 per cent....
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19/11/2021
UK retail sales edged up in October, marking the first increase over the month in sales volumes since April 2021 when non-essential retailing re-opened. Clothing stores were among those helping to boost growth, with sales now only 0.5% below their pre-pandemic level.
The latest data released today (19 November) by the Office for National Statistics (ONS) shows overall UK retail sales volumes rose by 0.8% month-on-month in October, from a revised unchanged (0.0%) position between August and September....
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18/11/2021
Ethiopia will no longer be eligible for benefits under the African Growth and Opportunity Act (AGOA). Ethiopia is home to one of Africa’s largest textile industries and this would threaten Ethiopia’s aspirations to become a light manufacturing hub and dent hard-won economic gains in a nation once a byword for hunger and poverty. Though Ethiopia is not a large global supplier, suspension of its US trade status would be yet another problem on the list for global fashion brands such as The Children’s Place, Tommy Hilfiger and Calvin Klein as Covid-19 disrupts manufacturing capacity, ports and supply chains....
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18/11/2021
Global merchandise trade is slowing with production and supply disruptions in critical sectors dampening growth alongside cooling import demand, according to the WTO's latest Goods Trade Barometer.
Recent supply shocks, including port gridlock arising from surging import demand in the first half of the year and disrupted production of widely traded goods have contributed to the trade barometer's decline....
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17/11/2021
US retail sales rose in October as many consumers began holiday shopping early to avoid any shortages amid pandemic-driven supply chain disruptions that are dominating businesses and shoppers this holiday season.
Overall US retail sales during October were up 1.7% seasonally adjusted from a month prior and up 16.3% year-over-year, according to US Census Bureau data. That compares with increases of 0.8% month-over-month and 14.3% year-over-year in September....
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17/11/2021
Denim, sneakers and sportswear are among the retail categories which have seen product prices spike as a result of record-high US inflation.
New data from retail market intelligence platform Edited reveals denim, sneakers, luxury handbags, cult footwear and sportswear are the five categories that have seen the impact of inflation hitting a 30-year high in October which resulted in consumer prices surging 6.2%....
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17/11/2021
American imports of denim apparels in January 2021 to September 2021 surged by 28.56 per cent reveals latest OTEXA stats. Pakistan's denim exports to the US were up 63.40 per cent in this period. However, Bangladesh has yet again remained top shipper of denim clothing to the US with 31.40 per cent yearly increase. Mexico’s exports of denim apparels to the US in the first nine months of 2021 grew by 46.53 per cent. The US market is embracing denim clothing well in 2021 after falling in 2020 and 2019 on a yearly basis....
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16/11/2021
China's garment industry continued to expand in the first three quarters of 2021, reporting growth in production, revenue and profit, according to official data, which showed that from January to September, the combined operating revenue of 12,557 major Chinese garment companies was nearly 1.05 trillion yuan ($163.9 billion), up by 9 per cent year on year....
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15/11/2021
India's apparel exports have grown by 44 per cent during April 2021 to October 2021. In fact, shipments have grown to double digit in the past two months. With peak season approaching, India has the opportunity to leverage the good global demand and order position and meet the $20.03 billion export target for 2021-22. However, the Indian apparel industry has been impacted by the steep rise in cotton yarn and fabric prices....
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15/11/2021
Exports of men's garments increased 32 per cent. Exports of home textiles increased 22 per cent. Cotton fabric exports grew 20 per cent. Cotton yarn exports increased by 73 per cent, jerseys and cardigans by 60 per cent, women's garments by 20 per cent and synthetic fabric exports by 35 per cent. Pakistan's overall exports increased 24.71 per cent in the first four months of the current financial year reveal Pakistan Bureau of Statistics stats....
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15/11/2021
The latest bi-annual apparel sourcing report by McKinsey & Company has revealed that every step of the value chain and every company involved needs to change to achieve a more flexible, resilient, sustainable, and customer-centric sourcing model.
The apparel sourcing report, which is called "Revamping fashion sourcing: Speed and flexibility to the fore" highlights that the pandemic and ongoing disruptions to supply chains has placed apparel sourcing at the top of the agenda for many fashion chief executives around the world....
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15/11/2021
The apparel industry in Romania has been badly hit by the Covid-19 pandemic with supplies of raw materials from China and exports to Italy disrupted. The pandemic is also choking off labour supplies, which were already a problem for this near-sourcing hub.
The government of Romania and its apparel sector’s efforts to revive production and sales have yet to find success....
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12/11/2021
Canada's apparel imports fell 6.68 per cent in September 2021 compared to August 2021, reveals Statistics Canada. However, compared to September 2020, imports have gone up by 6.24 per cent. Of the top 10 apparel shippers to Canada, China, Vietnam, Bangladesh, Indonesia, India, Mexico and Sri Lanka remained positive on a year on year basis, while Cambodia, US and Italy couldn’t remain positive with their shipments....
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12/11/2021
For the third quarter Indonesia's textile and apparel industry contracted by -3.34 per cent year-on-year reveals Central Statistics Agency (BPS) data. In the first quarter the textile and apparel industry contracted by 13.28 per cent. In the second quarter there was a 4.54 per cent decline. As for last year, the textile industry contracted by 8.88 per cent....
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12/11/2021
The economy in the United States grew at a 2 per cent seasonally-adjusted annual rate in the third quarter (Q3 2021), The Bureau of Economic Analysis (BEA) estimates. This is lower than the 6.7 per cent growth in Q2 2021 and the 6.3 per cent growth registered in Q1. One of the reasons for the slower overall growth was a slowdown in consumer spending....
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11/11/2021
Readymade garment (RMG) exports from Bangladesh increased by 20.78 per cent to $12.621 billion in the first four months of fiscal 2021-22 compared to exports of $10.450 billion in the same period of the previous fiscal, according to the provisional data released by the Export Promotion Bureau. Knitwear exports gained more than woven RMG exports.
Knitwear exports increased by 24.27 per cent to $7.210 billion in July-October 2021-22, as against exports of $5.801 billion during the comparable period of the previous fiscal, as per the data....
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8/11/2021
The recent fuel price hike in Bangladesh will push up the overall cost of doing business, thereby affecting the competitiveness of the domestic textile and apparel industry in the global market. The hike comes at a time when the sector has just started reviving, bagging sizable work orders. Added to the problem is the rise in prices of raw materials like cotton and yarn, and freight charges....
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6/11/2021
Turkey recorded a 25.72 per cent year-on-year rise in apparel exports in the first three quarters of 2021, according to the data from the Turkish Statistical Institute and the country's ministry of trade. In January-September 2021, Turkey exported apparel worth $13.364 billion, compared to exports of $10.630 billion during the corresponding period of 2020.
Category-wise, exports of knitted and crocheted clothing and accessories increased by 35 per cent to $7.792 billion during the first nine months of the current year compared to $5.770 billion earned during the same period of the previous year....
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4/11/2021
Though a number of export-oriented industries in the country have increased their production capacities, Indonesia's export volume is expected to reach pre-COVID-19 levels only by next year, says Anne Patricia Sutanto, Deputy Chairperson, Indonesian Textile Association (API). The average utilization of the export-oriented textile industry has reached 100 percent with a number of business actors even adding capacity....
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3/11/2021
The impact of the pandemic on the nation's economy will be a key factor in retail sales during the 2021 holiday season, but the National Retail Federation (NRF) is nonetheless confident in its forecast for record growth as US consumers are spending because they can....
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3/11/2021
The US administration has revealed how it plans to address its global supply chain issues, including new funding to tackle bottlenecks in Mexico and Central America and new initiatives to aid the customs process between Southeast Asia and the US.
President Biden and the US administration has revealed how it plans to address both its global and domestic supply chain issues....
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3/11/2021
The US is terminating Ethiopia, Mali and Guinea's access to the African Growth and Opportunity Act (AGOA) trade preference scheme, in a blow to the region’s apparel sector.
US President Joe Biden said Ethiopia, Mali and Guinea will be terminated from the AGOA trade preference program as of 1 January.
The move comes on the back of concerns about human rights violations in the three nations....
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1/11/2021
The success of fast fashion is predicated on growth, and lots of it, a constant churn of products in the stores. Apparel industry expert Bob Antoshak asks: What happens to fast fashion if global growth falters?
Fast fashion is also a business model that presupposes sustained economic growth supported by ever-growing consumer demand for stuff. Indeed, suppose consumers pull back on their spending. In that case, economies won't do well – lessening the churn necessary for fast fashion suppliers to thrive....
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1/11/2021
The organisers of Sourcing at Magic say the physical event will return in 2022, taking place on 13-16 February and 7-10 August at the Las Vegas Convention Center, USA.
Informa Markets Fashion says the Sourcing at Magic Online event will also return next year, running from 1 February – 1 April, with a second date also in the works for the latter half of the year....
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28/10/2021
US holiday spending has the potential to shatter previous records, as the National Retail Federation (NRF) forecasts sales during November and December will grow between 8.5-10.5% over 2020.
The forecast from the NRF expects US holiday sales to range between US$843.4bn and $859bn. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with a previous high of 8.2% in 2020 to $777.3bn and an average increase of 4.4% over the past five years....
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28/10/2021
The UK's chancellor Rishi Sunak announced the UK Autumn Budget and Spending Review on 27 October 2021. Here is Just Style's round-up of how it could affect the UK apparel industry and beyond.
Just Style reveals what a UK autumn budget described as providing a "stronger economy for the British people" and "stronger growth," means for the apparel industry and global supply chains....
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28/10/2021
Cambodia's garment exports from January to September this year rose 11.4 per cent over the same period last year. The uptick was despite the February 20 community outbreak of Covid-19 and the ensuing lockdowns. Garment orders have managed to avoid sliding into negative territory despite the pandemic. This year, Cambodia was lucky to receive some orders that shifted from Myanmar and would have grown bigger were it not for the February 20 community outbreak....
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26/10/2021
The Indonesian textile industry is unable to handle the soaring coal prices. When global coal prices soar, many domestic industries that using coal such as cement, petrochemical, and textile experience difficulties. The fertilizer industry, the cement industry, the petrochemical industry, textiles are all energy-intensive industries....
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25/10/2021
Sri Lanka's apparel sector will suffer heavy economic as well as "social and human" costs as a result of being stripped of the EU's Generalised Scheme of Preference (GSP) trade benefits, says its representative trade body. During 2020, the EU accounted for nearly a quarter of Sri Lanka's total earning exports under the GSP – equivalent to roughly 3.2% of Sri Lanka's entire Gross Domestic Product (GDP) for 2020....
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23/10/2021
The government aims to achieve $100 billion worth of textiles and garment exports over the next five years. It has urged the industry to take advantage of a global market shift where China is pruning its market share in the labor-intensive segment.
In FY21, India's textiles and allied product exports declined by 10 per cent to $30.4 billion due to the Covid crisis. In the first five months of this fiscal, exports jumped by 87 per cent on year to $16.6 billion, aided by strong economic recovery in key markets such as the US and the EU....
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22/10/2021
Recovering from the pandemic shocks, Pakistan's textile exports are set to grow to $22 billion in FY22. Most of this growth will be driven by the introduction of supportive policies by the government and stabilization of the industry. As per a Global Village Space report, Pakistan’s textile industry has yielded spectacular results in recent times. Boosted by increasing investments from industrialists, the industry is set to rise by 25 per cent annually from FY2022....
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22/10/2021
US consumers are worried they may have difficulty finding items of clothing to purchase while Christmas shopping this year as supply chain challenges continue.
Apparel is among the top items holiday shoppers are concerned about as the supply chain challenges that have been exacerbated since the beginning of the pandemic remain top of mind for consumers. Nearly half (47%) of holiday shoppers are worried they will have difficulty finding items this year. The top items they are concerned about finding are electronics (44%), clothes (40%), and toys (28%)....
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22/10/2021
UK retail sales were down in September from the month prior but clothing retailers continue to buck the trend with sales volumes up 4.3% from August.
The latest data released today (22 October) by the Office for National Statistics (ONS) shows overall UK retail sales volumes fell by 0.2% month-on-month in September, following an upwardly revised 0.6% fall in August....
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22/10/2021
UK Prime Minister Boris Johnson and New Zealand Prime Minister Jacinda Ardern signed a free trade deal on 20 October, but what does it mean for the apparel industry?
The UK and New Zealand Free Trade deal, which was agreed earlier this week (20 October) will include removing UK exports tariffs as high as 10% from apparel and footwear....
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19/10/2021
Cambodia's garment exports surged by 11.40 per cent to $8.2417 billion during January-September 202 as against the same period last year, shows data by the General Department of Customs and Excise.
As per Garment Manufacturers Association in Cambodia, garment sector in the country managed to avoid sliding into negative territory despite COVID. The sector has been gaining market share due to the unprecedented challenges arising from political issues and COVID-19 ramifications of competing countries, says a report by the The Phnom Penh....
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18/10/2021
US retail sales increased again in September as worries about the Covid-19 delta variant pushed consumer spending toward merchandise including clothing over services like dining, entertainment, or travel despite supply chain disruptions and inflation....
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18/10/2021
Despite evidence of an upturn in growth last month, online UK retail sales took a turn for the worse in September – although clothing retailers were able to maintain good levels of growth.
Online retail sales fell by 12.5% year-on-year last month, according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. The figure marks a further drop on August’s 9.3% decline....
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14/10/2021
The US international trade deficit in goods and services increased to US$73.3 billion in August from $70.3bn in July (revised), as imports increased more than exports, according to the United States International Trade Data report.
The statistics from the Department of Commerce US international trade deficit in goods and services report revealed US imports rose 1.4% to a record US$287bn while exports had increased by 0.5% to $213.7bn....
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13/10/2021
Bangladesh commerce minister Tipu Munshi recently stressed on enhancing bilateral relations with China, especially boosting trade ties in future. “There’s no doubt that China is a great friend of Bangladesh and they play a big role in our development efforts,” he said while addressing a ceremony to honour reporting on Bangladesh-China ties....
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12/10/2021
An important part of its manufacturing sector, the textile and clothing sector plays a crucial role in ensuring the economic and social well-being of European countries. With around 160,000 companies operating in this space and 1.5 million workers, it is an essential pillar of the economy across many EU regions. With over € 61 billion in exports, the sector has 3 per cent share of value added exports and a 6 per cent share of employment in total manufacturing in Europe....
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12/10/2021
Garment exports by African (Sub-Saharan) countries to the US increased during the eighth month of the year.
As per Apparel Resources, Kenya's exports grew by 51.30 per cent to $44.12 million while Madagascar's exports grew by over 100 per cent to $23.72 million in the same period....
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11/10/2021
In H1 '21, US' underwear imports increased 7.52 per cent to $2.01 billion from $1.86 billion in H1 '19, reports Apparel Resources. Compared to H1'20, US' import values surged by 70.96 per cent indicating market of underwear in the country is on an upward trajectory. India’s contribution grew 9.26 per cent and clocked om $176.70 million in revenues in total US underwear imports....
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9/10/2021
Readymade garment (RMG) exports from Bangladesh gained 11.48 per cent year-on-year in the July-September quarter, according to the provisional data released by the Export Promotion Bureau. However, increasing prices of coal, raw material supply disruption from China due to power crisis there and other factors may put a break in October-December....
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9/10/2021
According to the export report published by the Istanbul Textile and Raw Materials Exporters' Association (ITHIB), Turkey's textile exports increased by 41 per cent to $8.2 billion during the January-August period of 2021. In August, the sector's exports increased by 36 per cent to $1 billion compared to the same period of the previous year, reaching the highest August export figure of all time....
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8/10/2021
The National Retail Federation (NRF) has reported that US retail imports at retail container ports remain high but port congestion is impacting operations.
The latest Global Port Tracker report by the NRF and Hackett Associates has revealed US retail imports at the US's largest retail container ports should remain at near-record levels this month. It could see a slight dip from last year's unusually high numbers however as congestion slows the movement of backed-up cargo....
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7/10/2021
The relevance of Pakistan as an apparel sourcing hub is fast becoming evident when we look at the latest set of import data published by the US Department of Commerce’s Office of Textiles and Apparel (OTEXA), but despite the pandemic severely pressuring supply chains reliant on China, the sourcing giant is holding firmly on to its title as top clothing supplier to the US....
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7/10/2021
Supported by higher cotton output, Pakistan's gross domestic product (GDP) growth is likely to rise by over 5 per cent in the current fiscal year, predicts the All Pakistan Textile Mills Association (APTMA).
Pakistan's cotton arrivals from farms have increased by 100 per cent to 3.8 million bales. By October 1, over 3.846 million bales of cotton had arrived in local markets as compared to 1.907 million bales by the same time in the previous year....
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6/10/2021
The World Trade Organisation (WTO) recently upgraded its forecast for global merchandise trade volume to a 10.8 per cent rise in 2021 from the 8 per cent increase projected in March this year on the back of last year’s slump, which bottomed out in the second quarter of 2020. WTO projects export volume growth at 14.4 per cent in Asia this year....
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5/10/2021
The UK economy expanded by more than previously thought in the April-June quarter before what seems to be a recent sharp slowdown as post-lockdown bottlenecks, including a shortage of truck drivers, rise. Gross domestic product (GDP) rose by 5.5 per cent in the second quarter, the Office for National Statistics (ONS) said, stronger than its preliminary estimate of growth of 4.8 per cent....
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5/10/2021
The overall effect of the Caribbean Basin Economic Recovery Act (CBERA) on the US economy generally, and on US imports, industries and consumers continues to be negligible in 2020, while the effect on beneficiary countries is small but positive, according to the US International Trade Commission (USITC), an independent, non-partisan, fact-finding federal agency....
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5/10/2021
The US textiles and manufacturing industries have placed their support behind Trade Ambassador Katherine Tai's decision to enforce the Phase One deal with China and maintain tariffs on finished textile and apparel products.
Speaking at the Center for Strategic and International Studies yesterday (4 October) where she outlined the Biden administration’s China trade policy and Phase One deal, Tai described the bilateral relationship between the two countries as "complex and competitive"....
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4/10/2021
Despite falling consumer confidence numbers amid the recent rise in Covid-19 infections, shoppers are continuing to spend, the National Retail Federation (NRF) has said.
"With consumer spending accounting for roughly two-thirds of US gross domestic product, all eyes are closely watching shoppers’ ability to drive the economy," NRF chief economist Jack Kleinhenz said....
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1/10/2021
Vietnam's trade turnover in the first nine months of this year reached $483.17 billion—a year-on-year increase of 24.4 per cent, according to the country's General Statistics Office. In September alone, the import-export turnover was $53.5 billion, down by 2 per cent from the previous month's figure but up by 4.2 per cent over the same month last year....
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30/9/2021
In October last year, Cambodia signed a free trade agreement (FTA) with China to boost its COVID-19-hit economy. As per a Business Times report, the agreement includes development of infrastructure and connectivity projects to facilitate transportation of goods between the two countries. The FTA was signed under the Chinese government's Belt and Road Initiative. It aims to boost Cambodia’s infrastructure capacity and logistic performance, says Prayag Chitrakar, Country Manager, DHL Express Cambodia....
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30/9/2021
The planned shutdowns in industrial provinces of Jiangsu, Zhejiang and Guangdong are likely to boost China’s textiles and garments’ prices 30 to 40 per cent in the coming weeks. The shutdowns will range from 40-60 per cent, and continue till December 2021, as the Chinese government plans to curb emissions ahead of the Winter Olympics scheduled for February 4 to 22, 2022, in Beijing....
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30/9/2021
With most apparel sourcing companies adopting a ‘China plus one’ strategy, both Bangladesh and Vietnam are going to benefit due to their different capabilities and advantages. As per WTO statistics, Vietnam surpassed Bangladesh as the second largest apparel exporter in 2020. But Bangladesh regained its position in the first half of 2021, according to the BGMEA....
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30/9/2021
In the first six months of 2021, trade between Vietnam and the Netherlands hit $4.2 billion—up by 19.5 per cent from the same period last year—accounting for 15 per cent of total trade revenue of Vietnam with the European Union (EU), according to the general department of Vietnam customs. Economists foresee high prospects of export of consumer goods to the Netherlands....
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28/9/2021
Taking historic and decisive action to help keep workers safe on the job and combat unfair pay practices, California Governor Gavin Newsom has signed a package of 18 worker protection bills, including nation-leading legislation that will end decades-old, unfair pay practices and requires garment manufacturers to pay workers an hourly wage....
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28/9/2021
The Cambodian government has increased the minimum wage for its textile, garment and footwear workers to $194 a month - a hike of $2 that is effective from January next year.
The $2 minimum wage rise for Cambodian garment workers had been proposed by the National Council on Minimum Wage....
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27/9/2021
Textile and apparel goods are susceptible to fraud due to their high duty rates.
US Customs and Border Protection (CBP) saw increases in some measures used to enforce trade laws and regulations governing textiles in the third quarter of 2021, including factory visits and audits, and collected more duties, according to new data....
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27/9/2021
Egypt's cotton prices have almost doubled to a record level in 2021, shows the latest report by Cotton Research Institute. Growth is mainly attributed to the government's initiative of promoting the textile industry, by expanding the cultivated areas and improving the quality of seeds. As per the Big News Network, the price of a qantar of cotton (45 kg of lint cotton) has surged more than 70 per cent to 3,900 Egyptian pounds (nearly $248) compared to $114.5 last year....
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21/9/2021
To diversify its exports and markets, Kenya should endeavor to increase its global market knowledge by, for instance, engaging in international market research and regularly participating in trade exhibitions to identify and cultivate new markets in Europe, Asia, the Middle East, the East African Community (EAC) and the rest of Africa, according to a paper published in Kenya Studies Review....
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20/9/2021
Cambodia's garment exports surged 3.3-per cent in the first eight months of 2021, shows a report from the Ministry of Commerce. As per reports, the Southeast Asian nation exported products worth $5.02 billion during the January-August period this year as against $4.86 billion exported over the same period last year. Growth is being attributed to the high COVID-19 vaccination rates and controllable COVID-19 situation. Cambodia launched a COVID-19 inoculation campaign in February, with China being the key vaccine supplier....
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20/9/2021
Associate professor in the Department of Fashion and Apparel Studies from the University of Delaware, Dr Sheng Lu shares a preliminary analysis of the potential impact of China’s membership in CPTPP for related textile and apparel trade flows.
On 16 September 2021, China officially presented its application to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). While the approval of China’s membership in CPTPP remains a long shot and won’t happen anytime soon, the debate on the potential impact of China’s accession to the trade agreement for apparel trade already starts to heat up....
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17/9/2021
The US Government Office of Textiles and Apparel (OTEXA) has published its apparel US exports data as of July 2021. Here, David Birnbaum reveals exclusively what it means for the global apparel industry.
US data is particularly important not only because the US is the world's second largest garment importer but more importantly because the US has virtually no domestic industry. Indeed, approximately 95% of all US retail garment sales are derived from garment imports. As a result, there is a direct connection between imports and total US garment retail sales....
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17/9/2021
US retail sales increased during August as consumer demand outweighed the pandemic, supply chain disruptions, and other factors affecting spending.
Overall US retail sales during August were up 0.7% seasonally adjusted from July and up 15.1% year-over-year. That compares with a decline of 1.8% month-over-month and an increase of 15.1% year-over-year in July....
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17/9/2021
UK retail sales maintained their negative trajectory in August from the month prior, with the impact of labour shortages and supply chain disruption weighing heavily on the sector. Apparel retailers bucked the trend, however, with sales volumes edging up 0.7%....
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17/9/2021
The monthly average of apparel exports from Pakistan is expected to grow 13.44 per cent in H2 FY2021 to reach $ 641.60 million from $565.60 million in the H1 FY 2021. The collective monthly average of textiles and clothing exports from Pakistan is expected to increase 9.12 per cent from $1237.55 million in the H1 FY 2021 to reach $1350.40 million in H2FY21....
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15/9/2021
Rise in demand for winter clothing is expected to boost prices of China's 32/1 combed cotton yarn and India’s 30/1 combed cotton yarn during the peak season for textiles and apparel. The demand for new cotton is also expected to move up in China and will likely be procured immediately by the country’s spinners....
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15/9/2021
The US retail sector is set to experience a merry holiday season with growth spurred by elevated consumer spending on services and continued growth in e-commerce sales.
US holiday retail sales are likely to increase between 7-9% in 2021 compared to the same period last year, according to Deloitte's annual holiday retail forecast....
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15/9/2021
Inflation has caused concern for many people in our industry. What's worse is what happens if the economic rebound experienced early this year grinds to a halt because of the effects of ineffective government policies to control the Delta variant of Covid-19?
Well, then we would have "stagflation"
- stagnated growth coupled with inflationary prices. A nightmare scenario for any consumer-facing industry, let alone ours....
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15/9/2021
Bangladesh has regained its position as the second largest apparel exporter by earning $1.94 billion more than Vietnam in the first seven months of this year, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Bangladesh exported apparel products worth $18.80 billion during the period, against Vietnam's $16.86 billion....
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15/9/2021
US' T-shirts imports grew by 37.97 per cent Y-o-Y to $ 9.78 billion during the January-June ’21 period, as per OTEXA reports.
The volume of these imports surged by 46.37 per cent on a Y-o-Y basis to 287.62 million a dozen during the period, reports Textile Focus. The highest imports were recorded by Vietnam whose exports surged by 21.82 per cent to $1.72 billion while exports from China grew by 43.59 per cent Y-o-Y to $1.56 billion....
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14/9/2021
Euratex has released its vision for a new EU strategy for textiles and clothing. The new strategy aims to develop a forward looking business model and lay down the foundations for a competitive and sustainable European textiles industry.
The European Commission plans to publish an ‘EU Sustainable Textiles Strategy’ before 2021-end. It will also develop a "transition pathway" for the textiles sector – being one of the 14 critical ecosystems of the EU's new Industrial Strategy....
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14/9/2021
A coalition of more than 152 companies and trade associations representing US importers, exporters, transportation providers and other supply chain stakeholders have endorsed the Ocean Shipping Reform Act of 2021.
The coalition including the National Retail Federation (NRF) and American Apparel and Footwear Association (AAFA) submitted a letter to Congress in support of the Shipping Act....
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14/9/2021
Readymade garment (RMG) exports from Bangladesh dropped slightly by 1.27 per cent to $5.640 billion in the first two months of fiscal 2021-22 compared to exports of $5.712 billion in the same period of the previous fiscal, according to the provisional data released by the Export Promotion Bureau. While knitwear gained, woven RMG exports fell....
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13/9/2021
Both value and volume of Japan's textile and apparel imports decreased in July compared to the same period last year, and also shrank compared to 2019. Although there was a month on month increase in July, Japan's textile and apparel import demand recovered weakly. As per the latest data by the CCF Group, the volume of Japan's textile and apparel imports increased month-on-month in July. However, it declined by double-digits year-over-year compared with the same period in 2019....
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13/9/2021
The US trade deficit in goods and services fell by 4.3% in July, reflecting decreases in the goods deficit and the services surplus of US$5.5bn and $2.4bn respectively.
The deficit amounted to US$70.1bn July, down $3.2bn from $73.2bn in June, revised, according to trade statistics released by the Department of Commerce....
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11/9/2021
Pakistan's textile exports grew by 46 per cent in fiscal year August 2021-22 to as compared to $1.01 billion exports in fiscal year August 2020-21. The average increase in the exports of textile products for the current fiscal year -- comprising two months recorded as 29 percent to $2.949 billion as compared to the $2.289 billion exports of corresponding period of the last financial year....
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11/9/2021
Despite good diplomatic relations with Gulf countries, Bangladesh is missing out on the $10 billion unexplored apparel market owing to a lack of initiatives on parts of the government and the private sector.
According to the International Trade Centre data, in 2020, the UAE sourced about $4.40 billion worth of apparel items from global markets, Saudi Arabia $3.01 billion, Kuwait $1.13 billion, Qatar $660 million, Oman $608 million and Bahrain $274 million....
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10/9/2021
Double-digit growth in imports at the nation’s largest retail container ports is slipping to single digits as pandemic-related supply chain disruptions around the world continue.
US ports covered by the monthly Global Port Tracker report, released by the National Retail Federation (NRF) and Hackett Associates, handled 2.19m Twenty-Foot Equivalent Units (TEU) in July, the latest month for which final numbers are available....
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9/9/2021
Cambodia’s National Council on Minimum Wage (NCMW) will organise a series of meetings beginning mid-September to negotiate the 2022 minimum wage for workers in the textile, garment and footwear sectors. In a recent statement, NCMW said it had held online discussions on the issue and organisational structure of NCMW for the second mandate....
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9/9/2021
Brazil's textile output is expected to increase by 7.4 per cent to reach 2 million tons in 2021. Fernanado Pimental, President, Abit (Brazilian Textile and Apparel Industry Association) says, revenues from the sector will rise by 9.2 per cent over 2020, bringing the total to R$57.5 billion. Brazil's textile output increased 36 per cent from January-May 2021 compared to the same period in2020. As per Textile Focus, Brazil was able to maintain production rate during the year by shifting to protective items, such as masks....
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8/9/2021
Cotton apparel exports from India to the US are expected to rise by the end of 2021, while Chinese cotton apparel exports to the US may decline. The US has already banned imports of cotton and cotton products from China’s Xinjiang region. Meanwhile, India is trying to benefit from China’s reducing share with new FTA strategies, duty structures, trade policies and freight management....
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8/9/2021
After encouraging signs in July of a possible bounce back to positive growth, online retail sales failed to make up much ground in August – although clothing managed to remain positive.
Online retail sales fell by 9.3% year-on-year last month, according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. The figure marks a small improvement on July’s 9.6% drop....
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8/9/2021
India's RMG exports increased 13.99 per cent to $1.235 billion in August this year compared to $1.083 billion in August last year, according to preliminary data on India's merchandise trade for the month. During the month, India's exports of cotton yarn, fabrics, made-ups and handloom products increased 55.62 per cent to $1.297 billion compared to $833.95 million in the same month last year....
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7/9/2021
Exports of readymade garments of all textiles in August this year were worth $1.235 billion compared to $1.083 billion in August last year-a 13.99 per cent rise, according to preliminary data on India's merchandise trade for the month released recently. Exports of cotton yarn, fabrics, made-ups and handloom products were worth $1.297 billion in August compared to $833.95 million in the same month last year-a 55.62 per cent increase....
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7/9/2021
Top apparel manufacturers in Sri Lanka recently reiterated that the European Union's (EU) generalised scheme of preferences plus (GSP+) is critical for the future growth of exports and expressed hope that the government will work towards retaining the concession. The apparel sector contribution to the country’s gross domestic product (GDP) is 16 per cent and its share in total exports is 43 per cent....
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6/9/2021
The latest figures from the Department of Commerce's Office of Textiles and Apparel (OTEXA) show US apparel imports and sourcing trends in the year to July.
First, the shipping crisis and new wave of Covid cases start to affect US apparel imports negatively....
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6/9/2021
US-based Fair Labour Association (FLA) has documented significant increases in net wages—ranging from 29 per cent to 57 per cent over a three-year period-in a recent report. The rise allowed factory workers in China and Vietnam to earn a living wage without working overtime. Factory workers in the supply chains of three FLA affiliates earned more wages during the regular workweek as factories reduced excessive overtime....
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4/9/2021
Indonesia's textile exports declined considerably during H1 FY2021 on an annual basis (Y-o-Y). Data from the Industry and Trade Office of the Province of Bali shows, during the first half of 2021, the value of Indonesia’s textile exports decreased by 47.93 percent Y-o-Y in meters....
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4/9/2021
Bangladesh's export earnings grew by 14 per cent year-on-year in August this year following a more than 11 per cent slump a month ago. Riding on apparel shipments, the country raked in $3.38 billion. However, the export earnings are still 8.84 per cent short of the monthly target of $3.71 billion, according to data from the Export Promotion Bureau (EPB)....
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3/9/2021
Since the beginning of this year, trade between the UK and the EU has plummeted - but that's just half the story.
Many of the sales that have been made between the UK and the EU have incurred a loss. It is estimated that the cost of doing business has increased by 30% – and in many cases the VAT, customs and delivery costs have been passed on directly to the end customer. Repeat business has fallen off a cliff and companies have been forced to write off stock in Europe due to the prohibitive cost of repatriating it into the UK supply chain....
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3/9/2021
Apparel exports from the Association of Southeast Asian Nations (ASEAN) countries are likely to drop in the next couple of months due to the recurrence of the COVID-19 pandemic in the region, which has affected manufacturing as well as the demand. Some factories in countries like Vietnam and Malaysia have been forced to shut down due to the rising cases....
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2/9/2021
Fashion firms and buyers in the United States plan to increase sourcing from Bangladesh in the next two years, according to the United States Fashion Industry Association’s (USFIA) "2021 Fashion Industry Benchmarking Study. As per Textile Focus, this decision is influenced by lower prices of Bangladesh produced textiles and garments. A garment product in Bangladesh was priced at $2.5 in July-May this year, while the global average price was $2.6....
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2/9/2021
Pakistan hopes to expand its market share of knitwear exports to 20 per cent in 2021-22. In 2020-21, Pakistan's knitwear exports increased by 36.57 per cent compared to 2019-20. As per a Textile Focus report, revenues from knitwear exports increased 25.83 per cent compared to revenues from export of woven garments. Knitwear exports earnings also surpassed earnings from bedwear by 37.68 per cent....
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27/8/2021
UK retail sales increased in August at the sharpest pace in nearly seven years as consumer spending drove economic recovery, according to research by the Confederation of British Industry (CBI), which found that 60 per cent of retailers reported higher sales in the year to August. This was up from 23 per cent in July and the highest since December 2014....
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26/8/2021
Cambodian trade unions recently asked for a minimum monthly wage of $200 for workers from next year, terming the demand as reasonable. They had demanded $250 last year. However, the Garment Manufacturers Association of Cambodia asked the unions to reconsider their demand before joining a tripartite discussion in September as some garments are now arriving from Myanmar....
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26/8/2021
Turkey's ready to wear and confection shipments to foreign markets grew by a robust 27 percent to over $11.1 billion on an annual basis from January to July this year. Exports to Germany grew to $1.9 billion, followed by Spain to 1.5 billion and the UK to $1.2 billion. Exports to the Czech Republic grew by over 200 per cent in the first seven months of the year to $148 million and by 250 percent to Tunisia to $63.5 million....
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25/8/2021
Kidswear imports by the US increased by 40.08 per cent to $1.10 million during the January-June '21 period.
As per an Apparel Resources report, this growth is attributed to rising momentum in back-to-school shopping in the US. The growth in the US kidswear market has given Asian exporters a reason to cheer as all major shipping destinations have grown in their respective shipments to USA in H1 '21....
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25/8/2021
Shanghai's import of garments and accessories from the European Union (EU) doubled in the first seven months of this year, according to Shanghai customs figures.
From January to July, Shanghai’s import totaled 13.47 billion yuan (about $2.07 billion), soaring 99.9 percent year on year, and nearly two times the export volume in the same period, which logged 7.04 billion yuan....
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24/8/2021
Apparel retail sales by Japanese department stores increased 0.80 per cent in July '21 over July '20, shows data released by Japan Department Stores Association (JDSA). As per an Apparel Resources report, total revenues from apparel sales in the country's department stores reached 95,832.73 million yen ($870.80 million) during July '21. These constituted 23.80 per cent of the total revenues earned by the Japanese department stores in the month of July '21....
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24/8/2021
The global nonwovens market is expected to show a value differential of $ 17.72 billion and a volume differential of 8.34 million tonne in future. The market recently reached a value of $ 32.76 billion. As per a China Textiles report, this growth could be attributed to increased demand for nonwovens products and solutions for hygiene, medical, construction and filtration applications. The main growth drivers included the growth of the modern healthcare industry in emerging markets, rising birth rates and the growing elderly population in western countries....
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23/8/2021
T-shirt imports by the US grew 37.97 per cent Y-o-Y to $ 9.78 billion during the January-June '21 period, reports OTEXA. As per Apparel Resources, the volume of these imports surged by 46.37 per cent on a Y-o-Y basis to 287.62 million dozen during the period. Vietnam emerged the top exporter with exports surging by 21.82 per cent to $1.72 billion while exports from China grew by 43.59 per cent Y-o-Y to $1.56 billion....
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23/8/2021
The WTO's Goods Trade Barometer hit a record high in its latest reading thanks to strong trade expansion and recovery from the pandemic.
World merchandise trade continued its robust recovery from the shock of the Covid-19 pandemic in 2021, new figures show....
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23/8/2021
Financial services enterprises have been slow to embrace the power of digital. But Covid 19 has accelerated the need to make changes.
Despite consistently citing digital adoption as a top business priority, the financial services industry has lagged behind other sectors in migrating its legacy systems....
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21/8/2021
Sri Lanka's textile and garment exports increased by 28 per cent year-on-year to $2.5 billion in the January to June period, according to statistics released by the Central Bank of Sri Lanka.
As per a report by Business of Fashion, textile exports increased by 47.8 percent to $156.6 million, while garment exports surged by 30.8 percent to $2.27 billion....
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