The US apparel retailers most have reported lower sales at established stores for the pivotal back-to-school shopping month of August.
Browsing: Industry Update
A new International Cotton Advisory Committee (ICAC) report informs that world cotton production is projected to increase 6 per cent year over year to 22.5 million tons in 2015/16.
Textile manufacturers in Egypt prefer US cotton to local Egyptian cotton. The reason: deteriorating quality of Egyptian cotton.
A delegation of Chinese Textile Company, Zhejiang Daoqin Textile Co Ltd has expressed interest in setting up of a textile industry in the Sitarganj Pase-II industrial estate in Uttarakhand State for which it would be making investment to the tune of Rs 600 crore. In this connection, a delegation of the Chinese textile company met Chief Minister Harish Rawat.
Qlik, a leader in visual analytics, has announced that Tantex, a Singapore-based textile and garments design and supplier, has chosen Qlik for its visual analytics platform. Using Qlik platform, Tantex can analyse over 25 years’ worth of data to identify the latest fashion trends, forecast demand, and provide spot-on advice to fashion retailers. Over the years, as Tantex’s list of global retailers grew and the company expanded into more markets, executives found it challenging to analyse numerous reports that were formatted differently across departments and countries.
The Swedish retailer H&M’s non-profit arm H&M Foundation, which has committed to collecting used clothes in stores in an effort to keep them out of landfills and give them a second life, has teamed up with the Hong Kong Research Institute of Textiles and Apparel (HKRITA) to develop the required technologies to recycle blended textiles into new fabrics and yarns.
India has done reasonably well on the export front in spite of the global slowdown and Indian companies are entering new markets with the aid of the Exim Bank, according to Chairman and Managing Director Yaduvendra Mathur. He said India had fared much better than most countries on the export front.