Authorities of 20 ready-made garment (RMG) factories have closed their units following unable to pay wages to workers under the new wage structure.Figure: Many factories cannot cope with wage hike, low prices given by buyers, and poor placements.According to the Bangladesh Garment Manufacturers and Exporters Association (), about 10,685 workers lost their jobs due to the closure. Workers of eight factories received their lawful benefits, while the process is underway to clear the dues and other

FESPA is expanding its textile portfolio with the launch ofSportswear Pro, a new exhibition dedicated exclusively to sportswear manufacturing. The first event will run alongside the flagshipFESPA Global Print Expo 2020, from 24 to 27 March at IFEMA, Madrid, Spain.With a focus on the latest technologies in on-demand and customised sportswear production, Sportswear Pro will bring together suppliers of solutions for three key areas of sportswear manufacture: design (CAD/CAM and 3D body scanning); p

The Lenzing Group, world market leader in specialty fibres made from renewable material wood, is strengthening its position in sustainability in the textile industry. Lenzing will use blockchain technology to support its Tencel branded fibre business ensuring complete transparency and traceability for brands and consumers of its fibers in finished garment.Pic: Lenzing AGAfter evaluating various initiatives Lenzing decided to join the platform of the Hong Kong based technology company TextileGene

Bed Bath & Beyond, an omni-channel retailer for home and heartfelt life events, has appointed Mary Winston, a seasoned public company executive who recently joined Bed Bath & Beyond board of directors, as interim chief executive officer (CEO) with immediate effect. Steven Temares has stepped down as CEO and resigned as a member of Bed Bath & Beyond board.Pic: Bed Bath & BeyondWinston has significant governance expertise across a broad range of industries having served on large pu

The operating margins of Indianyarn spinners may shrink by 100-150 basis points (bps) in fiscal 2019-20 owing to lower cotton output, rising cotton prices and moderating demand, reversing the recovery seen the previous fiscal, according to rating agency CRISIL. That, however, is unlikely to materially affect the credit profiles of spinners, it said.The unlikelihood results from the continuation of three major spurs of fiscal 2019—modest capital expenditure intensity, prudent working capital mana

Exporters of goods and services and suppliers to units in special economic zones (SEZs) in India are reportedly expected to get goods and services tax (GST) refunds automatically from June with plans for faceless scrutiny of refunds and faster claim settlement. Automatic refund is available now only for exporters who have paid integrated goods and services tax (IGST).Under GST, every person making a claim of refund on account of ‘zero-rated’ supplies has two options. Either he canwithout payment

More than 1.9 million small and medium-sized businesses (SMBs), content creators, and developers in the United States are growing with e-commerce giant Amazon, says a recent study. Amazon empowers SMBs to succeed in the digital economy – selling their products online, starting their own company to deliver packages to Amazon customers, grow their businesses.Third-party gross physical merchandise sales – primarily comprised of SMBs selling in Amazon’s stores – surpassed $160 billion in 2018 and ma

US textile and apparel exports are rising. US textile and apparel exports are around 21% of its imports, not a very small percentage, and an indication that `Made in America’ is gaining traction. With the current deadlock in trade talks with China, there could be more incentive to manufacture more at home. Total US textile and apparel exports from January-March 2019 stood at US$ 5776.88 million, a growth of 0.9%. In March, US textile and apparel exports grew 14.23% over the previous month, to US

India’s textile machinery trade with the world has registered a growth of 6.58% to US$ 4857.91 million in 2018 over the previous year. Undoubtedly, the textile machinery imports take the major share of 83% in the total trade of India’s textile machinery in 2018 and have registered a growth of 4.39% to US$ 3849.05 million over the previous year. China, Japan, Germany, Singapore and Italy are the top five sourcing markets for India.On the other side, textile machinery exports from India registered

COPENHAGEN – Forum for the Future and the Centre for Sustainable Fashion (CSF) at London College of Fashion have launched an open-source interactive toolkit which uses future scenarios to help identify risks and opportunities for the fashion industry to 2030. The idea is to use these scenarios to stimulate new ideas and test business strategies for the long-term benefit of both the industry and the planet.Billed as a “guide to inspire” it looks at how the fashion industry could tackle environmen