Apparel, Fashion, Retail

Indian Fashion Retailers’ Margins To Slip 120bps In FY’24

Textile Insights September 23, 2023

Fashion retailers will report 120 bps slip in margins mainly due to offering higher discounts and hike in advertisement spends, despite expectations of 13 percent revenue growth in fiscal 2024. An ICRA analysis also informed that the industry is poised to face this margin squeeze primarily due

Cotton

China’s Economic Situation Worries US Cotton Stakeholders

Textile Insights September 23, 2023

China’s economic situation is a problem, with growth rates less than 5 percent, as against double digit growth rates in the pre-pandemic era, predominantly due to its manufacturing and exporting prowess. “The Chinese economic situation is not being helped by the housing crisis and high unemployment rates,” was one of the conclusions at a meeting […]

Technical Textile & Nonwoven

SRTEPC Presents Awards To Technical Textiles Exporters

Textile Insights September 23, 2023

The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) gave away awards to felicitate its members exporting technical textiles. SRTEPC gave away around 24 awards to companies who have excelled in exports under different segments of technical textiles. Darshana Jardosh, Minister of State for Textiles, the chief guest presented the awards to the winners, while

Sustainability

Retailer Macy’s Gains Membership Of Cotton Trust Protocol

Textile Insights September 22, 2023

US garment retailer Macy’s which has more than 700 stores and includes brands like Macy’s, Bloomingdale’s and Bluemercury has gained membership of Cotton Trust Protocol. “Our membership will bolster Macy’s efforts in sourcing cotton sustainably, driving positive social and environmental change and enhance transparency throughout its supply chain,” Trust Protocol said in a

Cotton

Storm May Affect 15-20% Of Greek Cotton Crop

Textile Insights September 22, 2023

A storm which hit Greece in the first week of September may have affected 70 percent of the cotton crop in Thessaly. Thessaly is the main Greek cotton growing hub and in turn, this impact may reduce the country’s total production by 15-20 percent. This was informed by a senior researcher Dr Mohammed Darawsheh working […]

Fibre

Lenzing Indonesian Unit’s Fibre Bags Ecolabel Certificate

Textile Insights September 22, 2023

The Lenzing Group has received certification from the internationally recognised EU Ecolabel for its cellulose fibres produced at the Indonesian site. “This means that Lenzing fibres produced in the PT. South Pacific Viscose plant meets high environmental standards,” the Austrian company said in a press release. This will enable the plant to produce Lenzing Ecovero […]

Machinery

Karl Mayer Upgrades HKS 3-M ON Tricot Machine With New Features

Textile Insights September 22, 2023

Karl Mayer has upgraded its HKS 3-M ON model of Tricot machine, which has been named HKS 3-M ON PLUS. This upgrade allows net-like fabrics to be produced in a variety of densities and structures. “These fabrics include square marquisettes and shoe fabrics, with both also realisable in coarse gauges,” the German company said in […]

Apparel, Fashion, Retail

Apparel Sector May Get Boost From PM Vishwakarma Yojna

Textile Insights September 21, 2023

The Indian garment sector may get a boost from the recently announced PM Vishwakarma Yojna as it offers several benefits, suitable for specific needs of skilled artisans working in the clothing industry. The Apparel, Made-Ups & Home Furnishing Sector Skill Council (AMHSSC) welcomed the Vishwakarma Yojna and called it a momentous step that will bring […]

Apparel, Fashion, Retail

US Retail Sales Accelerate Driven By Gasoline & Apparel

Textile Insights September 21, 2023

US retail sales in August accelerated much faster than expected, strengthened by strong garment sales and a recovery in gasoline station sales. According to US Census Bureau data, petrol fuel pumps recorded the highest monthly rise in sales among major retail categories growing 5.2 percent month on month. “While sales of apparel and clothing accessories […]

Apparel, Fashion, Retail

Proposal Mooted For Tripartite Committee To Fix Yarn Prices

Textile Insights September 21, 2023

Tiruppur based garment exporters have suggested forming a tripartite committee made up of garment units, yarn mills and the state government to review and fix yarn prices for a three-month period, in a bid to overcome fluctuation of yarn prices. “Unstable cotton yarn prices are derailing deals of many garment units. While cotton prices change […]