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Zara, H&M facing huge competition from online brands

Fung Global Retail and Technology, in its latest research report, has vehemently mentioned that the renowned fast fashion brand Zara has lost its position of supremacy to online brands. Online fashion retailers such as ASOS, Boohoo and Missguided that specialize in fashionable and affordable clothing not only design a product but also make it ready for sale in just a week. These brands have streamlined their supply chain and moved production closer to key markets […]

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LVMH bags first position in Deloitte’s Luxury Top 100 Report

European multinational luxury goods conglomerate LVMH, whose portfolio includes Louis Vuitton, Fendi and Céline, and recorded US $ 22.4 billion in sales for the year in review, has bagged top position among 100 luxury companies in the world. The ranking has been given to the company by thee Global Powers of Luxury Goods 2017 report conducted by audit and consulting firm Deloitte. The list has been followed by Swiss Group Richemont (US $ 12.2 billion) […]

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UK bedroom textiles market to grow by 12.5%: GlobalData

Research and consulting firm GlobalData has predicted that the UK bedroom textiles market is set to grow by 12.5 per cent between 2017 and 2022, with just over 80 per cent of purchases made to replace existing textiles and around 58 per cent made to achieve a new look. The company’s latest report explains how retailers are successfully able to target shoppers by suggesting that replacing bedroom textiles at regular intervals is an important practice […]

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Fashion brand H&M named ‘Top Global Employer’: Report

Swedish fashion brand Hennes & Mauritz (H&M) has been named as Top Global Employer in Business of Fashion’s first ever annual report on The Best Companies to work for in Fashion in 2017. Karl-Johan Persson, CEO, H&M Group stated, “Working at H&M was not just a job but a long-term fashion career for those in the fashion industry. Our colleagues are our greatest strengths that contributed to our success and growth.” The report by Business of Fashion provides an objective […]

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Online fashion retail to touch US $ 30 billion by 2020: Report

India’s consumer spending is now heavily influenced by ‘mobile’ where fashion retail/shopping is emerging out as a key segment thriving in the digital era, as per the report by The Boston Consulting Group (BCG) and Facebook titled ‘Fashion Forward 2020’. The report mentions that the Indian fashion market is currently estimated at US $ 70 billion, where online contributes to about 5 per cent of the total at around US $ 4 billion. The report further highlights that […]

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Victoria’s Secret emerges favourite among millennials

Victoria’s Secret, an American designer, manufacturer and marketer of women’s premium lingerie, womenswear and beauty products, has emerged as a favourite brand among millennials. This has been revealed in a report published by Condé Nast in association with Goldman Sachs – The 2017 Love List Brand Affinity Index. It is an annual research study that examines millennial and Gen Z consumer preferences in fashion, retail and beauty categories. Victoria’s Secret managed to bag 56.6 per […]

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UK consumer’s spending to reduce in coming years

Though the initial growth figures for 2017 show signs of revival for the UK economy, a weaker sterling and higher inflation are expected to dent it, claim economists. According to PricewaterhouseCoopers LLP (PwC), UK’s consumer spending growth will weaken in the years to come after slipping to about 2 per cent this year from 3 per cent in 2016. The food and clothing sectors that are heavily reliant on exports are going to be the […]

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European nonwovens production grows 2.5%: EDANA

According to the latest data disclosed by EDANA – Belgium-based roof organization for the European nonwovens industry, the overall production of nonwovens in Europe grew by 2.5 per cent in 2016 to reach 2,378,700 tonnes despite an uncertain economic climate. While growth in output in the European Union (EU) outperformed Greater Europe, some countries demonstrated impressive development, momentum and durability in the market. According to the data, divergent trends were also observed between the various […]

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Retailers to see drop in sales: Reports

RBC Capital Markets has predicted slow growth rate for US retailers this years. According to the report, Ascena Retail Group which owns Lane Bryant, Ann Taylor, Dress Barn, and Catherines likely to face 49 per cent decrease in its growth rate. An 11 per cent decrease in revenue growth for next year has also been predicted for Under Armour, the American sports clothing and accessories company. This is expected in view of consumer’s decreasing interest […]

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‘Online Shopping’ emerges favourite among consumers: Report

At least 40 per cent of consumers globally prefer e-shopping over brick and mortar stores to buy apparel and footwear. This has been revealed in Total Retail Survey 2017 by PricewaterhouseCoopers (PwC). Around 24,471 consumers from 29 countries were questioned in the survey. With the continuing shift in customer preferences towards online shopping, a lingering low-growth environment in many parts of the world, and an unforgiving global marketplace that demands unprecedented technological sophistication, some retailers […]

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Textiles Intelligence unveils list of Top 10 Non-wovens Manufactures

In the first part of a three-series report by Textiles Intelligence, a research company, has revealed the ten leading manufacturers of non-wovens. The list goes like this: Berry Plastics (formerly Avintiv), USA; Freudenberg Performance Materials, Germany; Kimberly-Clark, USA; Ahlstrom, Finland; Dupont, USA; Fitesa, Brazil; Johns Manville, USA; Glatfelter (formerly Concert Industries), USA; Suominen nonwovens, Finland; and Twe group, Germany. Also Read – Indian-origin Texas varsity professor awarded for research in non-wovens The optimistic future of […]

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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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