08 January 2022, Mumbai:

According to the latest OTEXA figures, the United States had record-breaking clothing imports in November of this year, with import values of US $ 7.38 billion. It's worth mentioning that this is the highest ever import value for the clothes category in the 11th month of a calendar year for the United States.

In November of this year, the values increased by 39.70 percent year over year, and by 33 percent when compared to the same month in 2019. Given the enormous imports that occurred in November, it's reasonable to state that all recent predictions concerning increasing sourcing of fashion brands over the Christmas season have come true, as evidenced by statistics.

In the previous five years, US clothing imports have consistently remained between US $ 5.20 billion and US $ 5.97 billion. The increased imports by US purchasers appeared to benefit all major garment exporting countries.

China defied its decreasing position, at least for the time being, as its garment exports to the United States totaled US $ 1.90 billion in November of this year, a rise of 49.20% year on year. With US $ 1.05 billion in garment shipments, Vietnam remained static, increasing by only 4.50 percent.

Bangladesh, on the other hand, did not miss out on the chance and recorded US $ 662.74 million in clothing exports to the United States in the eleventh month of 2021, a 78.30 percent year-over-year increase.

India did not miss the train either, albeit it stayed in second place behind Indonesia. In November of this year, India exported garments worth US $ 363.84 million (up 54.70 percent), while Indonesia exported apparel worth US $ 421.21 million (up 56.80 percent). Pakistan's exports to the United States increased by 84.70 percent, totaling US $ 242.70 million.

This is the highest growth rate among nations that supplied clothes to the United States worth at least $100 million in November.

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DAILY NEWS:

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• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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06 January 2022, Mumbai:

Boux Avenue has made “significant progress” following its strategic review in 2019 and reduced its losses. Total sales at the lingerie retailer increased by 9.1% in the year to 31 March 2021, compared with the same period in 2019.

Underlying EBITDA losses reduced to £3.5 million, from the previously reported loss of £14.9 million – an underlying improvement of £11.4 million. It said performance was boosted by 129.7% growth in online sales and had seen its performance “further improve” during the current year.

Boux Avenue, which has 29 stores across the UK, reported a 50.6% rise in sales in the six weeks to 24 December, compared to the equivalent period in 2019.

Theo Paphitis, chairman of the Theo Paphitis Retail Group, which comprises Boux Avenue, Ryman and Robert Dyas, said: “Boux Avenue has made excellent progress in the last financial year and had a strong Christmas, with the investment in ecommerce and product development in particular enabling this performance.

“Having come through a difficult period, our strategic review and implementation of this has seen the business well set for the future.

“Our customers have responded positively to our ranges and demonstrated their loyalty to the brand through switching between channels. This was demonstrated by the underlying EBITDA improving by £11.4 million in the last financial year.”

RETAIL GAZETTE (The news article has not been edited by DFU Publications staff)

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DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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05 January 2022, Mumbai:

HKS 3-M ON with maximum operating convenience thanks to intelligent Solutions

Thanks to the new HKS 3-M ON, KARL MAYER’s customers are always one step ahead in a modern production world. Instead of using mechanical pattern discs, the high-performance, digital generation tricot machine works with electronic pattern data obtained directly from the KM.ON cloud, which allows it to offer extremely short and flexible design changes, minimal downtime, and operation without the previous expense of ordering pattern discs, having them delivered, and changing and storing them.

Customer-oriented features also reduce the risk of operating errors. One of the most important of these is the Spring Motion Assistant –an automatic return device that makes changing guide bars much easier. The new solution starts with the most labour-intensive part of the process: the handling required for the spring motion and pattern push rod.

Hand-in-hand with the machineTogether with the push rod, the spring motion forms a system that transmits the pattern-specific movement impulse from the electronic pattern drive to the guide bar. One end of it is hooked into a peg on the guide bar as a loop, while the other end leads to a spring unit that is screwed into a sleeve on the drive unit via a bushing.

The operator fastens the connection tight and tensions the spring motion using two spanners. This results in highly-precision guide bar movement in line with the requirements of the electronic guide bar drive.

This spring motion system needed to be optimised to work with the new ON gear in the HKS 3-MON, and the developers also took this opportunity to improve it in terms of ease of use. “As part of our work, we adopted a collaborative interaction approach between man and machine,” says product developer Klaus Benno Brandl.

When it is time to change the guide bar, the operator is supported effectively by the HKS 3-M ON. There is a special function on the touchscreen that guides them through the partially automated process step by step.

They start by loosening the yarn sheet in the guide bar. Once this is done, the ON gear moves the guide bar and releases the spring motion. The operator then removes the spring motion, swivels the pushrod to the side, and removes the guide bar.

Once the spring motion and push rod are back in their original places with the newly threaded guide bar, the spring motion is set to the correct position and tensioned automatically.

The machine lighting visually informs the operator that the function has been completed and production can continue. The Spring Motion Assistant is thus convenient, safe, and requires less effort from personnel than the previous system.

What’s more, the patented solution does not require any tools. The innovation now comes as standard on the HKS 3-M ON. The first machine with this user-friendly return device was delivered in May 2021.

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DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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06 January 2022, Mumbai:

The textile sector of ARISE Integrated Industrial Platform (IIP), UAE, has become a new Corporate Member of The International Textile Manufacturers Federation (ITMF).

ARISE IIP is recognised for identifying industrial gaps in African countries so that value may be unlocked and new industries can be created.

The goal is to industrialise critical industries by implementing local transformations that increase output, efficiency, and cost, resulting in local value addition.

ARISE

IIP in Gabon, Benin, and Togo aims to improve exports, facilitate local raw material transformation, and stimulate commerce through tailor-made special economic zones. ARISE IIP will focus on developing value chains for the textile sector in Benin and Togo, from raw material procurement through resource transformation, manufacturing, and exporting finished goods.

ITMF

is the worldwide forum for the global textile value chain, founded in 1904. Its members are from nations that produce 90 percent of the world's textiles and clothing.

"By joining ITMF, we have access to all important participants in the worldwide textile and apparel value chain," stated Rajaguru Raja, CEO of ARISE IIP (Textile Division).

The globe is becoming increasingly interconnected. As a result, coordination and knowledge of the global textile value chain's complexity and volatility are critical."

"By becoming a Corporate Member of ITMF, ARISE IIP will benefit from a unique worldwide network, the experience of ITMF, and an international platform for the global textile value chain where international trends are debated," said Dr. Christian Schindler, DG, ITMF.

Arise's operations in West Africa would also assist ITMF and ITMF members."

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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05 January 2022, Mumbai:

The Southern India Mills' Association (SIMA) and the Confederation of Indian Textile Industry (CITI) have requested the government to reduce import duties on cotton.

Cotton imports are subject to a duty of 5% BCD (Basic Cotton Duty), 5% AIDC (Agriculture Infrastructure and Development Cess), and 10% social welfare cess, for a total of 11%. Cotton should also be removed from the MCX and NCDEX, according to them. The cotton industry has said time and time again that just 4 to 5% of the cotton utilised by the industry is imported.

When there is a scarcity or the domestic cotton price is substantially higher than the international price, the industry may choose for imports solely during the off-season.

As a result, the industry was on an even footing. As a result, the elimination of the 11% import charge on cotton and cotton waste will have no impact on Indian cotton producers.

The Indian cotton textile sector has always had a home-produced cotton edge, according to Ravi Sam, Chairman of SIMA, because cotton was cheaper by 5% to 10% throughout the cotton season (December to March) and remained globally competitive.

He also stated that the price of seed cotton began to rise at the start of the season. The average price of Gujarat Shankar-6 cotton has risen from Rs.6,788 per quintal on 1 October 2021 to Rs.8,930, while the price of excellent grade kapas has risen from Rs.7,575 to Rs.10,760 per quintal.

He claims that the New York Features price has always been higher than the Indian cotton price, and that, for the first time, the Indian cotton price is currently higher than the international cotton price as a result of the imposition of import duties, which has harmed exporters' competitiveness.

For the past two months, the price of Indian cotton per kg has increased by Rs.10 to Rs.15 per kg, and the situation is expected to worsen. Exporters are unable to finalise export orders that usually firm up in December-January, and orders are moving to competitive countries.

He has warned that if the import tariff on cotton is not abolished soon, the cotton textile value chain might come to a standstill in the coming months. The market is additionally aggravated by the MCX and NCDEX characteristics.

According to T.Rajkumar, Chairman of the CITI, increasing rainfall during cotton plucking time has had a significant impact on cotton quality, resulting in a severe scarcity of excellent grade cotton for Indian exporters.

He claims that the Rd value, or cotton brightness indicator, is about 65 this season, compared to over 70 in previous seasons.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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06 January 2022, Mumbai:

The organisers of the China International Sewing Equipment Exhibition (CISMA) have announced that one of the show's parallel activities, the Most Influential Overseas Distributors Recommendation and Selection, will be postponed until CISMA 2023 in order to achieve the desired outcome and protect the health of all stakeholders.

It's worth mentioning that CSMA stated last month that the 2021 edition of CISMA would be postponed until April 2022, and that the show's venue will be movedfrom Shanghai to Ningbo.

The above-mentioned selection is part of an innovation programme that was set to debut at CISMA 2021 with the goal of protecting exhibitors' and visitors' rights and interests, mitigating the show's negative impact from the pandemic, and promoting the development of internal and external sewing machinery circulations.

According to the organisers, they want to pick 10-20 overseas distributors with the most impact using a two-pronged approach, including expert on-site grading and online voting, and provide them with extensive advertising and favourable services.

Distributors from the United States, Mexico, Brazil, Poland, Russia, Egypt, Turkey, Iran, Uzbekistan, India, Pakistan, Sri Lanka, and Vietnam, according to the organiser, are very interested in the growth and progress of China's sewing machinery industry.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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07 January 2022, Mumbai:

A delegation of Bangladesh Garment Buying House Association (BGBA) called on BGMEA President Faruque Hassan at BGMEA’s PR office in Gulshan, Dhaka on January 4.

The BGBA team included President K. I. Hossain, Secretary General Md. Aminul Islam, Vice President Md. Anwar Shahid and Acting Treasurer Abdullah Al Mahmood (Ferdows).

BGMEA First Vice President Syed Nazrul Islam, Vice President Rakibul Alam Chowdhury, Director Haroon Ar Rashid and former Director Ashikur Rahman (Tuhin) were also present on the occasion.

In the meeting a committee was formed to settle problems or disputes that occur among buyers, buying houses and exporters.

The seven-member committee headed by BGMEA Vice President Shahidullah Azim will mediate between aggrieved parties to resolve trade disputes.

BGMEA President Faruque Hassan said Bangladesh’s apparel industry has attained a glorious position over the last four decades as a preferred and trusted sourcing hub in the world.

Buying houses have significant contribution to the sector’s success, he added.

Faruque Hassan stressed on more collaborative and cooperative approach from buyers, buying houses and manufacturers while dealing business to create a win-win situation for all parties and the industry as a whole.

All need to work together to realize immense potential of the RMG sector and face different challenges in the coming days, he further said.

BGMEA (The news article has not been edited by DFU Publications staff)

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DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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05 January 2022, Mumbai:

Due to the uncertain and unpredictable outlook with regard to travel and event restrictions caused by the new Covid-19 variant “Omicron”, the ITMF Board together with the two co-hosts – Swiss Textiles and Swiss Textile Machinery – have decided to postpone the ITMF Annual Conference in Davos, Switzerland from April 10-12, 2022 to September 18-20, 2022.

Regular updates on the ITMF Annual Conference 2022 can be found at: ITMF Annual Conference 2022 in Davos, Switzerland

ITMF is an international forum for the world's textile and related industries founded in 1904. ITMF members are associations and companies covering the entire textile value chain – producers of fibres, textile machinery, chemicals, textiles, apparel, and home textiles.

The membership is from more than 40 countries and is representing around 90% of global production.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage