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  • One of the leading footwear brands in the world, Aldo is seeking protection from its creditors by declaring bankruptcy.In Canada, the company has been seeking protection under the Companies’ Creditors Arrangement Act from the Superior Court in Quebec and is filing for bankruptcy in US under Chapter 15 along with preparing to do the same in Switzerland.The court filings indicated that the company sold US $ 1.2 billion worth of merchandise by the end of February this year against losses of merchan
  • Pic: ShutterstockThe anticipated benefit from lower fibre prices by the Indian cotton spinning industry is now expected to be more than offset by the challenges due to the COVID-19 outbreak, according to CARE Ratings, which said the cotton yarn industry is staring at extremely challenging next two quarters with shutdown of manufacturing units and weak downstream demand.COVID-19 is expected to lead to a drop in revenue along with moderation in profitability margins and debt coverage indicators ap
  • Scott Sports Racing Team, together with knitted fabrics producer Sitip, Rosti and ROICA by Asahi Kasei have launched a new range of sustainable cycling wear. The collection was designed based on the needs of athletes with the aim to offer them the best solution in terms of style and ergonomics, high performance, easy maintenance and perfect fit, whilst also being sustainable.ISPO 2020 saw the celebration of the partnership between Scott Racing Team, Rosti, Sitip and ROICA by Asahi Kasei for the
  • Kingpins, the denim sourcing show with highly-edited selection of vendors, has announced that the next edition go Kingpins 24 will be an online-only denim event which will target the US denim market. To be held on June on 23-24, 2020. In 2020, Kingpins launched Kingpins24, the first online-only denim supply chain event, in response to the COVID-19 pandemic.Pic: ShutterstockThe online event will build upon the success and momentum of the first Kingpins24 event, which drew nearly 10,000 visitors t
  • A recent three-way collaboration between the Nonwovens and Advanced Materials Laboratory atin the United States and two companies based in Lubbock in northwest Texas—Scarborough Specialties, Inc. and E Innovate, LLC—resulted in the development of a new improved face cover using cotton non-woven as a filter substrate.Pic: Cotton Grower“In the time of stress, it is necessary to collaborate and find the right partners to develop tools to race against,” stated Ronald Kendall, Jr., founder and presid
  • As many brands have put their best step forward to contribute to the fight against the coronavirus pandemic, Mango is the latest to join the growing list.Image Courtesy: pinterest.comThe Spanish fashion retailer has announced that it will donate 1 per cent of its in-store sales revenue to WHO’s solidarity fund, meant to help the most vulnerable health groups in the world.With more and more stores opening in various countries and cities, stores in New York, Russia, Turkey and Europe will partake
  • DHAKA The number of garment workers testing positive for COVID-19 appears to be increasing - raising fears that factories may have to close again to limit the spread of the pandemic.Photo: BGMEAIt comes after eight more garment workers tested positive for the virus on the same day in the Savar district of Dhaka, bringing the total number of infected readymade garment (RMG) workers in the district to 20.Bangladesh's health minister Zahid Maleque warned a recent inter-ministerial meeting of st
  • Disruption created by COVID-19 is so impactful that China has slipped from 2nd rank to 4th in its denim apparel exports to USA after Q1 ‘20, according to OTEXA.Chinese shipment of blue denim apparels plunged massively by 63.11 per cent to US $ 67.79 million in Q1 ‘20 from US $ 183.75 million in Q1 ‘19.This drastic fall has reduced China’s share in denim apparel exports to USA to 9.71 per cent in this year from 22.67 per cent in the corresponding period of the prior year.Mexico, Bangladesh and Vi
  • Fashion retail is working its way back to action. Could this mean that factories can look forward to fresh orders?As days pass by, the urgency to get back to business is growing. At one end, there are fashion retailers who have buckled out of business or downsized considerably like Warehouse, UK, Oasis, Cath Kidston, Laura Ashley, John Lewis to name a few, and others who have declared themselves bankrupt like Debenhams, Arcadia Group, JCPenney, Nordstrom, J Crew, but then there are many more who
  • This crisis has presented an opportunity for brands to create a community by showing they care and to maintain top-of-the-mind recall with customers by pushing products that they need right now and by engaging them through various challenges on social media.Marketing is a dynamic field; one that has to adapt skilfully to the every new event shaping our world. As we find ourselves in the midst of a situation that is pretty much as extraordinary as imagination may go, the nuances that go into mark
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