Total revenues of J Crew group were flat at $588.8 million in Q2 2019 compared to $587.5 million in Q2 2018. Comparable company sales decreased 1 per cent following an increase of 5 per cent in Q2 2018. In H1 2019, total revenues increased 4 per cent to $1,167.3 million and comparable company sales were flat following an increase of 3 per cent in H1 2018.For the second quarter of 2019, J Crew sales decreased 7 per cent to $399.1 million. J Crew comparable sales decreased 4 per cent following an

Cotton, which contributes over half of the raw material in India’s textile sector, has seen a declining trend in its price with pressures from competitive international cotton prices owing to higher production in some nations, according to the July 2019 edition of the credit news digest on India’s textile sector published by India Ratings and Research (Ind-Ra).Pic: India RatingsHowever, the reduction in prices has not been commensurate with the spreads with international cotton. With muted deman

Uzbekistan government is eyeing garment and textile export growth to US$2 billion a year by 2019 under a new plan. The government is planning to reprocess all-cotton yarn produced in the country domestically by 2025 and hike export of textile items, according to Uzbek Textile Industry Association Chairman Ilhom Haydarov.Figure:Uzbek textile and garment companies that export at least 80% of their products will be provided.Haydarov has signed a decree titled ‘On measures to further deepen reforms

Hailing the recent government measures to boost exports, the Council for Leather Exports (CLE) has demanded raising the duty free limit for leather garments to 5 per cent to help raise shipments. India is the second largest exporter of leather garments and enhancing the duty free limit will help achieve the top position, CLE chairman Panaruna Aqeel said.Pic: ShutterstockThe current limit is 3 per cent of freight on board (FOB) value of exports. Such a decision will help revive exports from this

Russia offers ample export opportunities to Indian leather and footwear industry, according to the Council for Leather Exports (CLE), whose chairman Panaruna Aqeel Ahmed recently said though Russia imported leather and footwear worth $3.9 billion in 2018, India's exports to that country stood at only $52.6 million, clearly pointing to prospects of penetration.Pic: ShutterstockRussia is the 13th largest global importer of leather, leather products and footwear.CLE is not only exploring partic

Lycra has launched a global co-branded marketing programme to promote denim jeans made with itsLycra dualFXtechnology. The programme has been developed with Refinery29, a leading media and entertainment company for millennial and Gen Z women.Long Tall Sally Ultra Stretch Jean with Lycra dualFX technology. © LycraPatented Lycra dualFX technology combines two Lycra brand stretch fibres to add extra flexibility and bounce back recovery to denim. This means jeans hold their shape all day, every day

The Teijintex by Teijin Frontier will feature propriety materials such as Solotex, a stretchable and soft polytrimethylene terephthalate fibre, and Deltapeak, a next-generation polyester fabric combining excellent physical properties with high levels of functionality for Autumn/Winter, in Première Vision (PV) Paris to be held from September 17-19.Pic: Teijin LtdThe stand will also introduce various environmentally-friendly materials, including recycled fibres, fluorocarbon-free durable water-rep

India's annual rate of inflation, based on monthly wholesale priceindex (WPI), for August 2019, remained unchanged at 1.08 compared to July 2019. The index for textiles dipped 0.8 per cent while for apparel it was down 0.6 per cent in August, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.Pic: lan deng on UnsplashThe official WPI for all commodities (Base: 2011-12 = 100) for the month of August 2019 rose by 0.2 per cent to

London Luxury, an innovator of luxury home textiles, has announced an exclusive partnership with Nanobionic Group to lead the next wave of smart textiles with Nanobionic Technology. Products powered by Nanobionic aim to transform bedding, bath and home accessories with incomparable wellness benefits.Nanobionic is a patented technology for fabric applications that uses far-infrared (FIR) technology to recycle and enhance your body's energy in a scientifically proven way to stimulate local blo

The Indian government is developing 40 new Harmonized System of Nomenclature (HSN) codes for the technical textiles sector.Indian textiles Minister Sriti Irani on 29 January released 207 HSN codes (Harmonized System of Nomenclature) for technical textiles sector in Mumbai. The codes can help to achieve a sectoral market size of up to ₹2 lakh crore by 2020-21, said the Minister.Figure: Indian textiles Minister Sriti Irani on 29 January released 207 HSN codes (Harmonized System of Nomenclature) fo