Apparels

HSW showcased its latest embroidery machines at GTE 2024, featuring improved UI, eight-directional frame movement, and inbuilt high voltage protection.
The machines are competitively priced, fully automated, and designed to cater to small-scale manufacturers.
HSW’s focus on innovation, quality, and customer service received positive feedback at the expo.

Jordan’s garment industry has been witnessing a steady rise since the year began, with garment exports rising by 23.3 per cent YoY between January and July to $1.32 billion, official statistics show.
Businesses, however, continue to face challenges in balancing supply with consumer needs as demand fluctuates amid market uncertainties, shifting consumer preferences and rising competition.

Twelve out of 20 global apparel buyers have not shifted work orders from Bangladesh despite the domestic unrest and have been maintaining order stability, a survey by the Business and Human Rights Resource Centre found.
Several brands were reluctant to offer information on the impact of the protests on how they have ensured responsible purchasing practices and protection of worker welfare.

Turkiye’s apparel exports declined by 6.17 per cent year-on-year to $11,736 million in January-August 2024, with knitted clothing falling 3.4 per cent and non-knitted apparel dropping 9.5 per cent.
However, exports in August 2024 increased by 3.19 per cent, reaching $1,615.565 million.
In 2023, apparel exports fell 5.86 per cent to $18,321 million.

An Oxfam survey revealed one in ten people in the United Kingdom say the majority of the clothes they buy over the next year will be second-hand.
The findings also show 63 per cent of Brits say they plan to buy at least some preloved items for their wardrobe over the next 12 months.
Forty-one per cent of UK adults now buy and wear more second-hand clothing than they did two years ago.

Apparel manufacturing, renewable energy/green hydrogen, international trade settlement and digital payments were some of the sectors identified for collaboration at the sixth session of India-Egypt Joint Trade Committee held in New Delhi recently.
India informed Egypt that necessary approvals for signing the MoU on cooperation between India’s NSIC and Egypt’s MSMEDA have been obtained.

Krishna Sewing Solutions showcased advanced sewing and embroidery machines at GTE 2024 in Bangalore, including Ricoma models, for which it is the sole distributor in India.
Srinivasan M, Regional Head – South, highlighted their machines’ efficiency and superior customer support.
With over 25,000 consumers, the company aims to expand across India, adapting to evolving technological trends.

Puma has appointed Markus Neubrand as chief financial officer (CFO) and management board member, effective October 1, 2024.
Neubrand, formerly CFO at GUESS? Inc, will oversee finance, investor relations, legal, IT, and business solutions.
He succeeds Hubert Hinterseher, who will step down on September 30 and leave the company on December 31, 2024 after a smooth transition.

Apparel industry of Turkiye has faced severe challenges due to soaring inflation, rising production costs, and currency devaluation.
Inflation effects on apparel industry resulted in weakening of the country’s export competitiveness.
Despite an export value recovery in 2021–2022, 2023 saw a decline, due to rising production costs in Turkiye and competitors like China and Bangladesh outpacing it.

The US imported $5.267 billion worth of shirts in the first seven months of 2024, with the average price dropping 10.53 per cent to $69.37 per dozen.
Import volumes also fell compared to previous years.
After a high of $9.078 billion in 2022, import values and prices have declined, indicating slower demand and margin pressure on exporters and manufacturers post-pandemic.