Apparels

Gem, jewellery trade adopts terminologies under US FTC guidelines for diamonds

Apparels
GJEPC has accepted the FTC’s updated definition and guidelines for diamonds, which aim to help consumers make informed choices. The guidelines provide a clear definition of diamonds, including lab-grown ones. GJEPC is urging the Indian government to adopt these definitions for consumer protection. They will educate the Indian trade to ensure compliance and enhance consumer confidence.

Gem, jewellery trade adopts terminologies under US FTC guidelines for diamonds Read More »

Uniqlo risks boycott in China after CEO’s Xinjiang comment

Apparels
Uniqlo is under fire in China after its CEO, Tadashi Yanai, stated that the company does not source cotton from Xinjiang due to allegations of forced labour. Chinese social media users have called for a boycott, criticizing Yanai’s comment. China remains a crucial market for Fast Retailing, Uniqlo’s parent company, with over 900 stores in the country.

Read More »

South Korea’s apparel imports surge 13% to $1.33 bn in Oct 2024

Apparels
South Korea’s apparel imports rose by 13.11 per cent year-on-year to $1.34 billion in October 2024, despite a 3.67 per cent dip from September.
January-October imports totalled $10.52 billion, led by Chapter 62 items.
Exports of man-made filaments and knitted fabrics also increased slightly year-on-year.
In 2023, apparel imports were $11.99 billion, while Chapter 54 exports hit $2.11 billion.

South Korea’s apparel imports surge 13% to $1.33 bn in Oct 2024 Read More »

Cambodia’s market share in Canadian apparel imports strengthens

Apparels
Cambodia remained Canada’s fourth-largest apparel supplier in 2023, with imports reaching $802.827 million in the first three quarters, representing 9.75 per cent of Canada’s $8.232 billion total.
Cambodia’s share rose slightly compared to previous years, partially regaining lost ground.
Despite overall growth in Canadian apparel imports, Cambodia’s share had peaked at 10.84 per cent in 2021.

Cambodia’s market share in Canadian apparel imports strengthens Read More »

India-UK FTA: Shift in supplier landscape & key home textile products

Apparels
The India-UK FTA promises to not only reshape trade dynamics between the two countries but also impact other major textile exporters.
If UK reduces tariffs on Indian textiles, it will likely result in significant trade diversions.
Key textile-exporting nations could experience declining exports in specific product categories due to increased competition from India in the UK market.

Read More »

US’ Abercrombie & Fitch’s sales up 14% YoY to $1.2 bn in Q3 FY24

Apparels
Abercrombie & Fitch Co has reported net sales of $1.2 billion in Q3 FY24, up 14 per cent YoY, with 16 per cent comparable sales.
Net income rose to $132 million, or $2.50 EPS. For 9M FY24, net sales grew 19 per cent YoY to $3.36 billion, with net income of $379 million. Full-year FY24 sales growth is now expected at 14-15 per cent, with Q4 sales forecast at 5-7 per cent growth.

Read More »

German brand Puma signs iconic deal with Portugal Football Federation

Apparels
PUMA has signed a long-term deal with the Portuguese Football Federation (FPF), starting in 2025, to equip all teams, including futsal, beach football, and e-sports.
Portugal, known for their dynamic play, has the largest social media following among national federations.
The partnership aims to engage fans and continue Portuguese football’s legacy, with new products launching in 2025.

German brand Puma signs iconic deal with Portugal Football Federation Read More »

HSBC study report urges Bangladesh to diversity export basket

Apparels
Bangladesh should diversify its export basket beyond garments to include pharmaceuticals, leather goods, jute products and agro-processed goods, a study by HSBC Bangladesh suggested.
The UK Developing Countries Trading Scheme is essential for deeper integration into global supply chains and will ensure Bangladesh retains preferential access to the UK market after LDC graduation, the report noted.

HSBC study report urges Bangladesh to diversity export basket Read More »

Primark sells 66% of clothes made from sustainable materials in 2023

Apparels
Primark’s third annual Sustainability and Ethics Report shows that 66 per cent of its clothes sold in the past year were made from recycled or sustainably sourced materials.
The Irish retailer has also introduced a Durability Framework, aiming to make longer-lasting clothes affordable.
Primark reduced carbon emissions by 21 per cent in 2024.

Primark sells 66% of clothes made from sustainable materials in 2023 Read More »

Shopping Cart