The Sustainable Apparel Coalition has launched an initiative `theHub for Circular Economy’ to bring together industry leaders to strengthen policy efforts that promote circular practices in the apparel, footwear, andsector. The aim is to align the apparel, footwear, and textile industry on a European policy agenda around circular economy.Circularity has become a key concern of businesses in the apparel sector. However, companies face challenges accelerating efforts as current policies in Europe

Delivering top-line growth, Abercrombie & Fitch Co has recorded positive comparable sales of 1 per cent in the first quarter of fiscal 2019, on top of 5 per cent last year. Net sales increased to $734.0 million in the reported quarter, including the adverse impact from changes in foreign currency exchange rates of approximately $16 million or 2 per cent.Pic: Abercrombie & Fitch"We achieved our seventh consecutive quarter of positive comparable sales fueled by ongoing strength at Hol

India’s Goods and Services Tax (GST) Council, likely to meet soon, is expected to take up rationalisation of rates in thesector in tune with global markets. The government is reportedly concerned over differential rates of textile items causing hardships, especially on refund to exporters, and feels ending those tax anomalies needs immediate attention.There are three rates at present—5, 12 and 18 per cent—for various items in the Indian textile sector, while countries like Thailand (10 per cent)

Global economic growth is forecast to ease to a weaker-than-expected 2.6 per cent in 2019 before inching up to 2.7 per cent in 2020, according to a latest World Bank. Growth in emerging market and developing economies is expected to stabilise next year as some countries move past periods ofstrain, but economic momentum remains weak.Pic: rawpixel.com from PexelsEmerging and developing economy growth is constrained by sluggish investment, and risks are tilted to the downside. These risks include r

Apart from its established range of quality products, James Heal will showcase four new testing instruments at ITMA 2019 to be held from June 20-26 in Barcelona, Spain. Focusing on the emerging theme of performance textiles and comfort testing, these products will enable a greater understanding of how garments behave in different conditions.Pic: James HealThe new products cover several essential testing criteria in an improved and innovative way, said James Heal in a press release.AquAbrasion is

Bringing eco-innovation to the golf course, Adidas Golf has unveiled a limited-edition version of its popular Tour360XT made with yarns spun from upcycled plastic waste that was intercepted from beaches and coastal communities. The Tour360XT Parley shoe is in partnership with Parley for the Oceansand is the first of its kind for the sport.Pic: AdidasThe unique ocean blue and aqua green colourway of this limited-edition Tour360XT Parley ($200) utilises repurposed and upcycled plastic waste that’s

Commemorating 'World Enviornment Day', Reliance Industries Ltd.’s (RIL) R|Elan ‘Fashion for Earth’ in partnership with Lakmé Fashion Week (LFW), India’s premier fashion platform, presented the #EarthTee2 range. The first edition was launched on last year’s World Environment Day in collaboration with renowned fashion designer Anita Dongre and R|Elan.Pic: RILLike its predecessor, the limited-edition #EarthTee2 are made using R|Elan GreenGold - the greenest fabric with the lowest carbon foo

Responding to US plans to impose a 5 per centon all Mexican imports starting June 10, the NationalFederation said Forcing Americans to pay more for produce, electronics, auto parts and clothes isn’t the answer to the nation’s immigration challenges, and this certainly won’t help move the United States–Mexico–Canada(USMCA) forward.In a statement, senior vice president for government relations David French said the growing tariff bill paid by US businesses and consumers is adding up and will raise

Exhibitors from 85 countries and regions, including Spain, Italy, Germany, Russia, South Korea, Japan, Malaysia, India, Pakistan, Australia, and Tanzania, attended the 2019 China Yiwu Imported Commodities Fair, a platform for Yiwu’s opening up to the world. The show attracted 48,800 buyers, up 48.41 per cent compared to last year, from 81 countries.There were more than 100,000 varieties of daily necessities covering handcrafts, household goods, maternal and baby care, clothing accessories, food

The revenue of VF Corporation in the fourth quarter of fiscal 2019 has climbed 6 per cent (up 9 per cent in constant dollars) to $3.2 billion. The growth was driven by VF's largest brands, international and direct-to-consumer businesses, as well as strength from the Active, Outdoor and Work segments. Excluding Kontoor Brands, revenue gained 8 per cent.Pic: VF CorporationFull year 2019 revenue from continuing operations increased 12 per cent (up 13 per cent in constant dollars) to $13.8 billi