The global trade of chenille fabrics has reported a moderate decline in the year 2019. The total trade decreased 5.24 per cent from $1,906.83 million in 2017 to $1,806.84 million in 2019, according to the data from TexPro. The total trade of chenille fabrics has substantially declined 7.67 per cent in 2019 compared to the previous year.Further it anticipated to drop to $1,670.04 million in 2022 with a rate of 7.57 per cent from 2019, according to.The global export of chenille fabrics was $1,020.

Exports earnings from the country apparel sector, the $34 billion industry, declined by 62% to $1.23 billion in May due to supply chain disruption and slower demand in the export destinations.According to the Export Promotion Bureau (EPB) data, the apparel sector, which accounts for 84.20% of total exports, witnessed a 62% decline to $1.23 billion in May, which was $3.24 billion in the same period last year.Of the total earnings, knitwear products earned $608 million, which was $1.60 billion in

Japan fell drastically both in values and quantities in its industrial sewing machine exports during Jan.-Mar. ’20 period. The statistics were recently released by Ministry of Economy, Trade and Industry (METI) and Ministry of Finance, Japan (MOF).According to data compilation done by Japan Sewing Machinery Manufacturers Association (JASMA), the country exported a total of 25,221 sewing machines in Q1 ’20 with a yearly fall of 26.30 per cent, while the value of export reduced to 6,447.91 million

According to one of the world’s leading ethical trade membership organizations, Sedex, garment, footwear and construction sectors have suffered the biggest economic hit during the COVID-19 pandemic with supply chain disruption.Figure 1: According to the report, India (88%) and Bangladesh (77%) have been particularly impacted.According to Sedex survey, 68 percent of the garments’ factory revenue has decreased critically. They surveyed 469 suppliers from the garment sector across 51 countries, mos

British luxury fashion company Mulberry recently launched a consultation process on proposals to reduce employee numbers by nearly a quarter across its global business. Most of its stores across the globe have remained closed since March 24. However, it has now reopened its stores in China, South Korea, and parts of Europe and Canada, the company said.It continues to conduct business in all markets through its digital channels. Though the digital sales performance has been good, but it cannot fu

Factors such as new generation’s inclination towards novelty, awareness of fashion footprint, and affordability are leading to an increase in rental market. Uncertainty stemming from COVID-19 pandemic and consumers’ desire to save resources have further added to this shift from ownership to renting designer apparel, says a UNSW consumer behaviour expert.Pic: UNSW SydneyThe rental market has disrupted the retail industry and will flourish in the long run despite COVID-19 setbacks. With Australia

The global trade of woven pile fabrics has reported a slight fall in the year 2019. The total trade marginally increased 0.14 per cent from $2,650.08 million in 2017 to $2,661.34 million in 2019, according to the data from TexPro. The total trade of woven pile fabrics has declined by 2.59 per cent in 2019 compared to the previous year.Further the trade is anticipated to surge to $2,678.71 million in 2022 with a rate of 0.65 per cent from 2019, according to.The global export of woven pile fabrics

Thehas triggered the most severe recession in nearly a century and is causing enormous damage to people’s health, jobs and well-being, according to theThe OECD report says government support to help people and business in the hard-hit sectors will need to evolve but to remain substantial.Pic: OECDWith little prospect of a vaccine becoming widely available this year, and faced with unprecedented uncertainty, the OECD has taken the unusual step of presenting two equally likely scenarios – one in w

ARTEIXO - Zara owner Inditex has unveiled its plans for the next two years in which it says that each of its stores, along with its websites, will become 'sustainability hubs'.The group, the world's biggest fashion company, says each store, whether online or physical, will use less and renewable energy, eliminate single-use plastic, recycle more materials and foster the reuse of garments.All stores will be equipped with the Inergy environmental control platform, apply a ticketless e-

Therecently said it has sought special costing proposals from e-commerce firm Amazon for selling masks and personal protective equipment (PPE) kits through its portal. It has also urged the government toat the earliest. The ban was imposed in January on account of the COVID-19 outbreak.Pic: ShutterstockAEPC chairman A Sakthivel expects the company to work out special rates forfor AEPC members, he said during a webinar on ‘How to start exporting through B2C e-commerce'’ jointly organised by t