The global growth agenda of Wolverine World Wide during the fourth quarter of fiscal 2019 has gained momentum. The company's reported revenue has been posted at $579.6 million, an increase of 0.2 per cent during the fourth quarter. The company's underlying revenue rose 3.8 per cent and further adjusting for currency, improved 4.6 per cent. Pic: Wolverine The gross margin was 39.2 per cent, as compared to 38.4 per cent in the prior year. On an adjusted basis, gross margin expanded 70 basis po

Though poor supporting industries have been traditionally considered by experts as the major reason hindering Vietnam’s path towards joining global supply chains, that no longer holds true for the textile and garment industry, thanks to policy measures and enterprises’ preparations for free trade agreements (FTAs), which set high requirements on product origin. Pic: Artem Bali from Pexels Vietnam had to import four-fifths of input materials and accessories for domestic textile and garment p

With portfolio expansion and future development of the industry in sight, Messe Frankfurt India (the organisers of Texprocess India) and MEX Exhibitions (the organisers of Gartex India) have entered into a strategic alliance to form a unified industry platform ‘Gartex Texprocess India’. The unified edition will be held from August 10-12, 2019 in New Delhi. Pic: Sebastian Soerensen from PexelsLeveraging on Messe Frankfurt group’s strong global network and expertise in the sector, Gartex Texpro

Over 10.700 million bales of cotton have arrived in 2018-19 season at various ginneries in Pakistan, as on February 15, 2019, down 6.83 per cent over arrival of 11.485 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA). In the major cotton producing province of Punjab, total cotton arrivals decreased by 9.41 per cent year-on-year to 6.552 million bales, according t

The Western Union Company, a leader in cross-border, cross-currency money movement, has introduced a new payment option that allows Amazon customers in Peru to pay in local currency for their purchases. The service is being offered initially in 10 countries – Chile, Colombia, Hong Kong, Indonesia, Kenya, Malaysia, Peru, Philippines, Taiwan and Thailand. Pic: Business Wire Western Union’s platform is powering Amazon’s new cross-border payment option, called Amazon PayCode, by processing th

WL Gore & Associates (Gore) Fabrics is using scientific research to drive eco-friendly improved material innovations that deliver uncompromised performance with a reduced environmental footprint of Gore Fabrics’ products, said its Responsibility Update 2018. One of its key achievements is the progress towards elimination of PFCs of Environmental Concern. In 2017, Gore Fabrics announced the ambitious goal to eliminate PFCEC from the entire lifecycle of consumer products by the end of 202

Pic: Tim Savage from PexelsThere demand for knitted fabrics is rising globally as several big players from the cloth and textile industries are focusing on this sector to exploit opportunities, according to a study. Quality of products to maintain trails in highly competitive markets is another reason that has been pushing the global knitted fabrics market to new heights, it says. The study by Dublin-headquartered market research firm Fact.MR, titled ‘Knitted Fabrics Market Forecast, Trend A

The Union minister of commerce & industry and civil aviation Suresh Prabhu recently interacted with the trade associations and export promotion organsations across India regarding the launch of Outreach Programme. As many as 92 trade bodies from across the country participated in the video conference, discussing the innovative and pro-industry initiative. The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has welcomed the Outreach Programme launched by the minister recen

Weavers from Bihar will now showcase their products like shirts, kurtas, dhotis, trousers and towels on Amazon India, which signed a memorandum of understanding (MoU) with the Bihar State Khadi and Village Industries Board last week. The MoU will cover around 80 weaver societies registered with the board. The arrangement is the first of its kind in the state. A year ago, Amazon had entered into a similar arrangement with the Uttar Pradesh Khadi and Village Industries Board. The company w

Pic: Shima SeikiShima Seiki, leading Japanese computerised flat knitting machine manufacturer, of Wakayama, Japan, will exhibit at the upcoming 12th International Exhibition for Garment, Textile Machinery, and Accessories (IGATEX 2019) exhibition, in hall 2, booth A-2-04. The textile machinery exhibition will be held from February 26-28, 2019, in Karachi, Pakistan. On display will be Shima Seiki’s SSR series computerised flat knitting machine that materialises the company’s philosophy to off