CAMBRIDGE, MASSACHUSETTS - The Queen of Raw platform that connects buyers and sellers of unused fabrics has won funding from the Massachusetts Institute of Technology's MIT Solve initiative.Queen of Raw works to give new life to the estimated US$120 billion of unused fabric stowed away in factories by making it available to be bought and sold online through its marketplace."These materials end up burned or buried. And we're here to rescue them," said the fledgling company in a

The textile and apparel sector, the second largest employment generator after agriculture and which comprises 80 per cent of micro, small and medium enterprises (MSMEs) in India, will definitely get a morale boost through the stimulus package announced by Prime Minister Narendra Modi yesterday, according to thePic: ShutterstockThe government hasby allowing units with investment up to ₹1 crore instead of ₹25 lakh and units with turnover up to ₹5 crore to be called micro units. The investment and

Peek & Cloppenburg KG, Düsseldorf, which sells designer and own-brand fashion for men, women, teens, and children, has not cancelled any production orders amidst the situation arising out of the COVID-19 pandemic. Instead, the German retailer has assured its garment suppliers of accepting shipment of goods that were already manufactured.Pic: Peek & Cloppenburg KG DüsseldorfIn response to Fibre2Fashion's email asking how the company intends to support its suppliers during the current

factory owners in Bangladesh have agreed not to sack workers until the next Eid-ul-Fitr as the sector struggles amid theaccording to the country’s labour and employment ministry, which recently said the decision was taken at a meeting on May 4 in presence of state minister for labour and employment Begum Monnujan Sufian.Pic: ShutterstockFactory owners also agreed to pay 65 per cent gross salaries to workers who didn’t work in April. Besides, those who worked during the holidays will get full sal

NuOrder, the renowned wholesale e-commerce platform, is going to help buyers interact with products and gear as if they are seeing in person.Yes, come June and NuOrder is coming up with a virtual showroom for all brands, who can display the best of their products through an immersive online experience.It couldn’t have come at a better time for the retailers and apparel brands, who are struggling in these tough times. This showroom will help these retailers have a 360 degree view of products.Near

Sportswear retailer Under Armour has reported a drop in revenue by a significant 23 per cent in the first quarter.Image Courtesy: sportzbusiness.comThe US-based retailer attributed downbeat performance to the COVID-19 pandemic and the subsequent lockdown in the United States and globally.Under Armour registered a net loss of US $ 590 million or US $ 1.30 per share.The net loss of the brand was US $ 152 million or 34 cents per share, when adjusted for the impact of a 2020 restructuring plan and r

reopened yesterday in Karnataka as the state’s industry is slowly gaining pace amid challenges like labour shortage and lack of public transport. The state has allowed garment units registered with theto operate with one-third workforce with several restrictions removed for industries.Pic: ShutterstockThe state industries department is also helping them make face masks in large numbers.The mandatory requirement of police passes has been removed and employees can commute to work and back with the

,a leading fashion retailer based in theUS, is cancelling full price orders meant for Nordstrom's department stores that are already placed with its supply partners in Asia.Pic: Rosamar / Shutterstock.comIn response to Fibre2Fashion's email asking how the company intends to support its suppliers during the current crisis, Nordstrom declined to comment.However, there are reports in the media that Nordstrom is delaying the payments to its suppliers and is taking extended terms.According to

India’s retail landscape may witness a major change in light of the COVID-19 pandemic as retailers feel the industry will be more tech-driven with contactless consumption, low-exposure shopping and avoidance of crowded stores becoming the new norm. More retailers will be forced to adopt technology because of this and only tech-savvy stores will see footfalls.The future of Indian retail will be omni-channel offering customers a seamless shopping experience, whether they are shopping online or in

US-based Tukatech Inc. has unleashed the latest version of TUKA3D Designer Edition (DE) which now includes a library of premade 3D garments.The subscription-based 3D Visualizer consists of 3D templates for T-shirts, leggings, dresses and other product categories to assist designers getting a head start with 3D design starting at US $ 5 per 3D garment or 2D pattern.Commenting on the new release, Rialyn Espinosa, 3D CAD Specialist, Tukatech, averred “The design industry now realises 3D is the way