Global economic upswing became broader & stronger: IMF

2018/06 17 15:06

The global economic upswing that began around mid-2016 has become broader and stronger, says a latest report released by the International Monetary Fund (IMF). The new World Economic Outlook report advises policymakers to seize this opportunity to bolster growth, make it more durable, and equip their governments better to counter the next downturn. The report, […]

German-Dutch partnership focuses on sustainable textiles

2018/01 31 06:01

Pierre Hupperts and Juergen Janssen sign the cooperation The German Partnership for Sustainable Textiles and the Dutch Agreement on Sustainable Garments and Textile have signed a cooperation agreement to support companies in implementing due diligence by harmonising sustainability requirements. The cooperation will increase the influence on labour rights and the environment in producing countries. The […]

Custom t-shirt printing market likely to cross $3,000 mn

2018/01 16 12:01

The custom t-shirt printing market is likely to cross $3,000 million by 2025, expanding at a CAGR of 11.5 per cent from 2017 to 2025, says a recent report. In 2016, the printing market was valued at $1,158.6 million. With the growing t-shirt and custom t-shirt printing industry globally, demand for t-shirt printing machines is […]

Rise in luxury brands partnering with streetwear: Report

2017/12 27 11:12

There is an increase in the number of luxury brands taking style inspiration from streetwear and incorporating sportier and casual urban aesthetics into their designs, says a recent report. Luxury brands are adapting to changing times and striving to connect with a younger and diverse customer base, grooming the next generation of loyal luxury customers. […]

India tops AT Kearney’s Global Retail Development Index

2017/12 27 11:12

Overtaking China, India is now the most dynamic market with a rapidly expanding economy and a consumption boom, says a recent report. The conditions for retailers in India are favourable and will continue to provide strong fundamentals. The GDP is forecast to grow 7.6 per cent in 2018, helping the organised retail to double in […]

Textile & Clothing sector sees subdued performance in 2016

2017/12 23 11:12

The textile and clothing (T&C) sector has witnessed subdued performance in 2016, says a recent review. Despite a bright EU economy, T&C activity in EU lost dynamism in particular towards the end of the year. 2016 witnessed the slowest growth in EU exports since the financial crisis, while the retail turnover development was less dynamic […]

Delhi world’s 7th most expensive premium office location

2017/12 20 05:12

Delhi figures among the world’s top-10 most expensive locations for premium office rents, while Mumbai makes it in the top-20, according to JLL’s latest report. The findings reveal that the most expensive premium office rent in the world is in Hong Kong, followed by London (West End), New York, Beijing, Tokyo, Shanghai, Delhi, San Francisco […]

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 […]