Industry News

Date : 2020-07-13

Source: www.fibre2fashion.com

Total UK online fashion checkouts rose by 93 per cent year on year (YoY) in June, according to True Fit, a personalisation platform for apparel and footwear retailers. However, average order value (AOV) fell by 22 per cent in June over 2019 figures. Total sales, while down YOY since March, rose in June and are now on par with total sales figures from 2019.

Date : 2020-07-06

Source: www.fibre2fashion.com

Five garment manufacturing units and three private firms were recently allotted land along the Yamuna Expressway in Gautam Buddh Nagar district of Uttar Pradesh (UP). The decision is expected to fetch investments worth ₹50 crore and create 2,000 jobs, officials said. The allotted pieces of land are close to the upcoming international Greenfield airport in Jewar.

Date : 2020-06-29

Source: www.fibre2fashion.com

The on-demand service could be applied to not only the luxury end of the market, but also the mass market. With all the advanced technologies blooming in the market, the digitisation of the garments, fabric, and body could cut the design and development costs enormously.

Date : 2020-06-22

Source: www.fibre2fashion.com

H&M, Adidas and Marks & Spencer (M&S) have been ranked among the world’s most transparent big fashion retailers, according to the 2020 fashion transparency index compiled by UK-based Fashion Revolution campaign group. The H&M Group, which includes Cos, & Other Stories, Arket, Monki, H&M Home and Weekday, topped the index scoring 73 per cent.

Date : 2020-06-15

Source: www.fibre2fashion.com

The Central Bank of Nigeria (CBN) will fund 1.6 million farmers in the 2020 wet season to help raise farm output. The apex bank will also finance the farmers under its 10 Focal Commodities Intervention Programme, which would cut across value chains, Yila Yusuf, the bank’s director in the development finance department, said recently in Abuja’s Kwali.

Yusu’s statement was issued by his representative Ayoola Quadri who flagged off the farm inputs distribution process for cotton farmers for the 2020 planting season.

Date : 2020-06-08

Source: www.fibre2fashion.com

After Indian traders agreed to create a pool of truck drivers, who would work in shifts to deliver consignments across the India-Bangladesh land border in West Bengal and stay in an isolation centre after returning, exports to Bangladesh are expected to resume soon through the state’s Malda district. The process at Mahadipur land port may start any moment.

Date : 2020-05-26

Source: www.fibre2fashion.com

Nearly 419 readymade garment factories in Bangladesh have remained closed for the last two months as global buyers stopped placing work orders due to the COVID-19 outbreak. Production in 348 member factories of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and 71 factories of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) remained suspended since March last week.

Date : 2019-08-26

Source: www.fibre2fashion.com

Ronak Rughani, chairman of Mumbai, said that the US-China trade war opened up an opportunity that would help the export of Indian man-made fiber textiles (MMF) to stagnate, increasing 5% to 7% of synthetic textiles and rayon in a year and a half. The Textile Export Promotion Council (SRTEPC) said at the unveiling ceremony of the 4th "Source India 2019" held in Mumbai yesterday.

According to Indian media reports, Textile Minister Smriti Irani said that India should now be a reliable source of quality MMF textile products.

Date : 2019-08-19

Source: www.fibre2fashion.com

Singapore-based RGE joins a group of investors including H&M Group, Virala and Fortum to help Infinited Fiber Company Oy (IFC) scale up its technology that turns textile waste and other pulp-based materials into new textile fibres. A strategic co-operation agreement was also signed between RGE and IFC to commercialise the start-up’s technology.

Date : 2019-08-12

Source: www.fibre2fashion.com

Russian technical textiles industry may receive an additional impetus for growth this year, thanks to the recently announced government plans to ease the existing restrictions on global producers taking part in public tenders for the purchase of innovative textile products for state needs.