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Global e-textiles market to reach US $ 5 billion by 2027

According to the ‘E-Textiles 2017-2027: Technologies, Markets, Players’ report – published by Research and Markets (a US-based market research firm)– global e-textiles market will approach US $ 5 billion by 2027. The market is driven by the significant investments currently being made and these investments will enable mainstream commercial products to lead the textile market in next 10 years. The report says – from clothing to bandages, bed linen to industrial fabrics – new products […]

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Global apparel trade contracts 1%: ICRA

Global apparel trade remains under pressure, having contracted by 1 per cent to US $ 432 billion in FY 2016, following a 5 per cent de-growth in 2015, owing to subdued demand trends reported by the key importing countries. This has been stated in a report by ICRA, an Indian independent and professional investment information and credit rating agency. While the volumetric growth remained marginally positive, primarily aided by recovery in demand from Europe, the […]

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Indian apparel market to grow threefold by 2025

If reports are to be believed then India’s apparel market is expected to note threefold rise from US $ 59 billion in 2015 to US $ 180 billion by 2025 while China is expected to lead the market at US $ 615 billion by 2025, growing at a CAGR of 10 per cent as compared to US $ 237 billion in 2015. Indian apparel market will emerge as the fastest growing, expanding at a compounded […]

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NIKE, ‘most valuable’ apparel brand: Report

American sportswear giant NIKE has once again been named the world’s ‘most valuable’ apparel brand after a 13 per cent surge in brand value to US $ 32 billion, according to a report by Brand Finance. The retailer’s strength score of 92, measured by marketing investment, familiarity, loyalty, staff satisfaction and corporate reputation, and its AAA+ rating, made the sportswear giant the most powerful brand in the sector and third most powerful across all sectors. “NIKE’s […]

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Oxfam voices concern over striking ‘inequality’ in Vietnam garment industry

The Government of Vietnam and all the business establishments should find ways to improve the quality and safety of women’s economic opportunities, so as to ensure them fair income, job security and safe working conditions, this was said by an advocacy group Oxfam in its recent report. Oxfam, in particular, focused on the garment industry, where 80 per cent of workers are women with the sector’s wages being set too low and labour rights being […]

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70% retailers plan IoT investments: Zebra Report

US-based Zebra Technologies’ “Retail Vision Study” has reported that the majority of retailers surveyed globally expect to simplify, enliven, and customize the shopping experience by embracing radio frequency identification and other Internet of Things (IoT) technologies. The retailers are also shifting towards using analytic data from those technologies by 2021 as more shoppers move to online sales. 70 per cent of retailers surveyed said, according to the report, they are already providing item-level RFID technology […]

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India Ratings and Research predicts stable FY ’18 outlook for cotton textiles

Cotton textiles expected to see stable outlook in financial year 2018 after negative 2017. This has been stated by the India Ratings and Research (Ind-Ra). It’s not only cotton, the agency has also revised its outlook for synthetic textiles to stable for FY 2018 from negative for FY 2017. “The stable textile outlook is in view of stable input prices, healthy capacity utilisation and steady domestic demand scenario in FY18 and support emanating through fiscal […]

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Apparel sector records 3% growth in 2016: Report

Year 2016 turned out to be a struggling one for the apparel sector as it managed to grab just 3 per cent growth to reach US $ 218.7 billion. This has been stated in a report published by NPD Group, a market research company. The growth rate for the apparel sector has been the same since 2013. With 11 per cent growth in 2016, athleisure emerged as the top selling segment worth US $ 45.9 […]

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Apparel retail to see ‘sluggish’ growth in 2017

After a very challenging 2016, US apparel and footwear industry operating profits are poised to improve over the next 12-18 months, but growth will be more sluggish than originally anticipated, this has been stated in a new report of Moody’s Investors Service. Most clothing and footwear companies are still feeling the pressure from a strong dollar and weak retail traffic, factors that will result in a soft first-half of 2017, when the majority of growth […]

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Global denim market may touch US $ 79.2 billion by 2022

Growing urban population, rising number of white-collar employees, new definition of executive wear, jeans being accepted as business casual attire for men and growing base of women in the workforce have combined emerged as key growth drivers in global market for denim, according to Research & Markets’ report. The global market of denim, considered as world’s favourite fashion fabric, is expected to touch US $ 79.2 billion by the year 2022 from current US $ […]

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Indian textile and clothing industry to reach US $ 314 billion by 2025

The value of India’s domestic market for textiles and clothing is expected to reach US $ 314 billion by the year 2025 – representing average growth of 14 per cent annum over a 12-year period.This has been stated in a report in the latest issue of Textile Outlook International from the business information company Textiles Intelligence. Strong expansion of the domestic market as well as higherexports, aided by Government incentives and support policies under New […]

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Retailers investing on ‘digital’ front: Survey

The fourth annual JDA survey has found that Internet of Things (IoT), big data, robotics, and augmented reality have emerged as hot favourite among CEOs of retail industry to invest in, to compete and better understand and connect with their consumers. More than 350 global retailers covered under the survey feel that a digital transformation strategy is their No. 1 priority in 2017. Globally, Chinese retailers are more likely to be implementing their defined digital […]

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Is it the end of the mall?

The year started with Macy’s announcing the closure of 63 stores and eliminating 10,000 jobs as the departmental store chain continued to grapple with weak sales during the holiday season. Many experts are relating the store closures to the growth of digital platform and also to retailers falling behind in implementing new strategies with time. The growing influence of millennials, who are accustomed to digital stimulations rather than physically visiting a store themselves, is also […]

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Italian womenswear industry clocked € 13.07 billion in 2016: SMI

As per the employee association of Italian fashion industry, Sistema Moda Italia (SMI), the Italian women’s ready-to-wear industry gained the third consecutive growth year in 2016, reaching a total revenue of Euro 13.07 billion. The growth rate over the previous year was 2.3 per cent, compared to a 2.5 per cent rise in 2015. Womenswear sector is doing rather well than menswear which increased only by 0.9 per cent to total revenue of Euro 9 […]

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London tops Luxury Store Openings List for 2016: Report

According to global real estate services provider – Savills’ ‘Global Luxury Retail Report’, London has topped the global ranking of new luxury shop openings (41) in the year 2016. The city also cited debut of 15 new brands. Paris gained the second position with 36 openings; New York and Dubai stood at the third place with 31 each; wherein Hong Kong and Milan came at fourth and fifth place with 25 and 24 new stores, […]

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