The Winter 2017 editions of Texworld USA and Apparel Sourcing USA closed their doors recently, welcoming a record number of verified visitors across three days.
Browsing: apparel market
Amazon – a behemoth with global sales of $107 billion in 2015, more than 304 million active customer accounts and over 2,30,000 employees – is using its power to crack open a big share in the $254 billion apparel market in the US. Amazon has already reached a level where it can claim about 6.6 per cent of the market.
Thanks to the demonetisation, the Indian textile and apparel industry has lost 30-40 per cent of business. Apparel sale in domestic markets had stopped in the initial days and recovered gradually.
To grab the market share vacated by Chinese apparel manufacturers, India’s Clothing Manufacturers’ Association of India (CMAI) has signed a memorandum of understanding with China Chamber of Commerce for Import and Export of Textiles (CCCT) to explore potential areas of mutual co-operation for increasing apparel exports from India.
India and China are going to be the most coveted markets by 2030 and it is clear that the US will be replaced by China as the world’s biggest apparel market and India will not be far behind, according to Euromonitor International.
Datatex has announced 2014 sales and revenues results of its NOW ERP Software solutions for the textile carpet and apparel market. 2014 has been a record year for the NOW product with package sales more than double from the previous year and total revenue increasing by over 25 per cent.
Research and Markets latest report forecasts the apparel market in India to grow at a CAGR of 12.65 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing urbanisation in India.