Global fashion industry likely to touch $2.5 tn in 2018

2017/12 06 14:12

The average revenue for the global fashion industry is expected to rise between 3.5 and 4.5 per cent in 2018, to a total of $2.5 trillion, says a recent report. The industry's profit margin (before taxes) is projected to hold steady at 10 per cent. The growth will mainly be driven by emerging markets such […]

Retail revenue may rise 5% with high emotional engagement

2017/12 06 14:12

The retailers who are able to foster loyalty through higher emotional engagement with consumers, are most likely to see 5 per cent rise in their annual revenue, says a report. Creating an emotional connection with consumers will drive multiple benefits for retailers while it was found that traditional loyalty programmes are failing to engage consumers. […]

Textiles of recycled fibres must reach mass market: Report

2017/12 03 16:12

The textile items made from recycled fibres should be made available and affordable to the masses apart from the environmentally conscious niche consumer segment, says a recent report. The emotional engagement for such recycled textile products has to be elevated, so that consumers are willing to take good care of them, and use them longer. […]

Polyester fibre market to reach $39.3 billion by 2025

2017/11 30 07:11

The global polyester staple fibre (PSF) market is expected to reach $39.3 billion by 2025, growing at a CAGR of 6.3 per cent, says a recent report. Rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing environment consciousness and cheaper price of PSF has increased utilisation of […]

2 mn take part in Fashion Revolution Week celebrations

2017/08 25 10:08

A record two million people around the world participated in the global movement of fashion revolution during the Fashion Revolution Week 2017 for a fairer, safer, more transparent fashion industry. Some 66,000 people attended around 1,000 activities from catwalks and clothes swaps to film screenings, panel discussions, creative stunts and workshops. Supporters joined the global […]

Risks to global growth outlook skewed to downside: IMF

2017/01 25 18:01

Courtesy: IMFRisks to the global growth outlook are two sided but are assessed to be skewed to the downside, especially over the medium term. Economic activity in the advanced economies and emerging market and developing economies (EMDEs) is forecast to accelerate in 2017-18, with global growth projected to be 3.4 percent and 3.6 percent, respectively.  […]

World economy expanded by just 2.2% in 2016: UN

2017/01 20 16:01

Courtesy: UN of Public Department InformationThe world economy expanded by just 2.2 per cent in 2016, the slowest rate of growth since the Great Recession of 2009 according to the United, Nations World Economic Situation and Prospects (WESP) 2017ReportWorld gross is projected grow by 2.7 per in 2017 per cent in 2018, a slight revision […]

Shift in US policies could affect trade and FDI: Moody’s

2016/11 21 16:11

US president-elect Donald Trump’s campaign proposals that that could have a shift in policies of the world’s largest economy once he assumes office. Any shift in US ‘international orientation, at a time when global global trade is muted, could challenge output growth and In addition, a tightening of immigration rules in the US – as […]

Robots unsuitable for garment manufacturing: UNCTAD

2016/11 15 09:11

Robots are replacing low wage workers in most Cigars brand of the workplaces to promote domestic manufacturing. This step is bound to have an adverse effect on developing countries. However, robots are not yet suitable for labor-intensive firms like garment industries, Door open for developing countries to enter industrialisat cigarettes Sale ion along traditional lines. […]

Fast fashion has become trend today: Study

2016/10 28 08:10

Consumers today practice lowest-priced garments as nearly disposable, and are discarding them after just seven or eight wears, according to a recent study. In fact, consumers now keep clothing items of every category only about half as long as they did 15 years Ago, indicating that fast fashion has become the trend. This has led […]

World’s first cotton shipment using Skuchain’s Brackets

2016/10 25 08:10

Courtesy: Commonwealth Bank of Australia The world’s first trade11219988714 transaction involving shipment of cotton using the efficiencies of a distributed ledger, the Skuchain’s Brackets system, for all parties has been awarded by Commonwealth Bank of Australia, Wells Fargo and Brighann Cotton. The interbank open account Transaction provides more efficient and effective method for the shipment […]

Cotton insect control costs dropping: ICAC

2016/10 12 07:10

The latest report on cost of cotton production of the International Cotton Advisory Committee (ICAC) reveals that insect control costs are continuing to drop. Cotton farmers spent an average of only 12 US cents per kilogram of lint produced in 2015/16, which is 10 per cent of the net cost of lint production as against […]