The clothing market is selling at acceptable prices with an upside potential of 15 per cent. Inditex and M&S are solely responsible for the upside market. The post-lockdown activity for Zalando, the 14 billion euro e-commerce label, was limited in the 120 billion euro market cap sector of six stocks like Inditex, which was € 70 billion. After early June, investors have been on the foot, where customers have been able to return to shops.Inditex, which is five times bigger than Zalando, is the

Advance Denim is teaming with PG Denim founder Paolo Gnutti to develop a new capsule collection for both the Asia and U.S. jeanswear markets. The partnership is a strategic move for the Chinese-based denim manufacturer as it works to enhance its offerings for fashion-focused clientele. The collection will combine Italian Gnutti’s artistry and Advance Denim’s technological innovation to create “magical inspiration” the mill says will be accessible to a wide scope of denim. “We are looking forward

According to the seventh edition of the survey data, jointly conducted by the United States Fashion Industry Association (USFIA) and the University of Delaware, Bangladesh became the third largest sourcing country for US-based apparel and fashion companies in 2020, progressing from its sixth position in the last year despite the COVID-19 pandemic, according to a latest study. The study revealed that Bangladesh improved its position, mainly because it offers the ‘most competitive price’ and expor

Why will someone who never studied textiles find a textile dictionary interesting? Usually, dictionaries are dry, boring and uninteresting to readers. Moreover, this is a dictionary which is in the outside interest area of mine. So what is special about this Bangla Textile Dictionary by MA Sayeem!!Figure:Bangla Textile Dictionary’ book review.Let’s explore the meaning of the word dictionary itself. According to the Merriam Webster dictionary Definition ofdictionary include the following:1:a refe

MANCHESTER – The Union of Shop, Distributive and Allied Workers (USDAW) has launched a petition urging the UK government to implement new legislation that would protect retail workers from violence, threats and abuse.USDAW says such incidents have only become more frequent since lockdown was lifted, and that it can fall back on “significant evidence” that it’s collated to support its assertions that retail workers face routine abuse whilst doing their job.USDAW general secretary Paddy Lillis sai

Nylstar’s commitment to sustainable development continues!The company has unveiled INVISTA-recycled nylon 6.6 polymer with Global Recycled Standard (GRS) certification.What’s noteworthy is that despite containing more than 50 per cent recycled content, these Meryl® yarns will still be retaining its world-renowned quality.INVISTA sources post-industrial nylon 6.6 material from its plant in Kingston (Canada), where fibres for airbags and carpets are produced.It then converts post-industrial fibre

HERZOGENAURACH – Sportswear giant Adidas has partnered with US streetwear brand Noah NYC to launch an exclusive collection of casual footwear which integrates Prime Blue yarn, made from Parley for the Oceans plastics.Adidas continues to capitalise on Parley’s vast quantities of reclaimed plastic waste, which is intercepted on coastal areas around the world. The company says: “Merging Noah’s blend of influences with Adidas’ sporting heritage, the collection is simultaneously a celebration of perf

US Senators Rob Portman (Republican from Ohio) and Gary Peters (Democrat from Michigan) recently introduced a bipartisan legislation to strengthen efforts to onshore production of personal protective equipment (PPE) in the United States by requiring the Defense Logistics Agency (DLA) to issue long-term contracts for PPE made in the United States.Pic: ShutterstockReshoring production will ensure American workers, students and health care professionals have the PPE they need as the economy continu

Asahi Kasei Corporation, a global Japanese chemical company, has reported 9.3 per cent sales decline to ¥455.1 billion (Japanese yen) during first quarter (Q1) FY20 ended on June 30, 2020 compared to sales of ¥502.0 million in same period last year. Company’s operating income for the quarter fell 27.2 per cent to ¥30.1 billion (Q1 FY19: ¥41.3 million).Pic: AsahiKaseiCorporationOrdinary income for the quarter was ¥30.2 billion (¥43.9 billion). Net income attributable to owners of the parent were

GITEGA – In an effort to grow the East African nation of Burundi’s agriculture industry, which is accountable for 90 per cent of the country’s exports, a new development plan has been unveiled that will centre on training female workers in garment manufacture.The cultivation of cotton and other raw materials is profitable for Burundi, and so it’s hoped that by equipping more workers with the skills needed to produce goods using such resources, it can be mutually beneficial both for people and th