Weekly News
Highlights
The 2018 Budget Speech (27/10/2017)
Comparison of Income Tax
BESTINET Presentation on FWCMS
Weekly News 41/20 (9/10/2020)
China's RMG import takes a
boom in Jan.- Aug. '20 leaving pandemic uncertainty aside
Gap
plans to hire staff for upcoming holiday season
Global trade of clothing
accessories dips 10% in 2019
H&M announces closure of 250
stores by next year due to growth of online sales
Taiwanese invest in
Vietnam's garment, textile sectors
US flagged forces labor
produces products from China
FDI firms generate 70% of
Vietnam textile export turnover
Weekly News 40/20 (02/10/2020)
Inventories of cotton yarns
in China destocking at a fast rate!
Global
e-com sales 7% higher post 66% May pandemic spike
M & S bring back its
'shwopping' scheme from 1 October
Nike's
Q1 revenue touches better-than-expected US $ 10.6 billion;
online sales rise by 82%
Philippine garment sector
may be hit by EU GSP + withdrawal
80% US shoppers to raise
BOPIS, curbside pick-up: survey
Coveralls import of USA
falls 32.23% in 2020; Bangladesh remains positive among top
shippers!
Weekly News 39/20 (25/09/2020)
YKK and Polygiene zaps
viruses
in zippers
Digitally
strong retailers to gain sales in 5 yrs: Google
Uniqlo launches recycling
initiative Re.Uniqlo worldwide
USA down 31.78% in cotton
trouser import value in 2020
JD Sports Fashion reports H1
FY20 revenue of £2,454 mn
Lululemon has plans to add
more stores in the US; full rent paid
Apparel group Bossini's
annual sales slump by 27%; gross margin falls to 49%
Weekly News 38/20 (18/09/2020)
Sri Lanka mulls raising
garment production in rural areas
$2 hike in minimum wage for
Cambodian garment workers
US apparel consumption
shrink and China sourcing debacle
China loses ground in denim
apparel shipment to USA; Bangladesh remains at top
China grows Y-o-Y first time
in 2020 in its garment exports...August is the month!
Ethiopia,
Cambodia and Myanmar... only countries to grow in apparel
exports to USA during Jan.-Jul.'20!
The Personalisation Paratox:
US e-commerce retailers fail to connect with shoppers as demand
for engagement rises
Weekly News 37/20 (11/09/2020)
Virtual - Vastra - Expo
Vietnam's textile-garment
export dip by 12.1% in Jan-Jul
JD Sports scraps dividend as
profits go down in first half!
adidas and Wolford announce
collaboration on women's activewear
Ralph Lauren to pursue
higher margin customers; to reduce wholesale distribution
Though India's RMG shipment
to USA falls 33.28% in YTD, it grows 87.93% in July '20 over
June '20
Japan
still not recovered as RMG imports down 45% in July '20 over
July '19 and by 19.63% in COVID-19 period
US
RMG import down by 30.68% YTD on a year earlier, though saw the
best monthly surge of over 51% in July '20 over June '20
Weekly News 36/20 (4/09/2020)
Global exports of cotton apparels slightly
depressed
Indonesia's potential for non-apparel textile
items vast
US seeks list of brands that
cancelled Bangladesh orders
Gap and Banana Republic to shut over 200
stores globally
Uzbek textile-garment
exports rise by 112% from Jan to Jul
UCLA sues Under Armour for terminating sponsorship agreement
Japan textile and apparel export values US $
3.29 billion in H1 '20; sinks 13% Y-o-Y
Employee's Minimum Standards of
Housing, Accommodations And Amenities Regulations 2020
Weekly News 35/20 (28/08/2020)
Global exports of cotton
apparels slightly down
China's apparel export
surges in July by 18.96%
UK July retail sales volumes
3% above pre-pandemic levels
Japan's Renown to sell
D'urban, other brands to Koizumi Co
Gap's San Francisco flagship
store to permanently shut down
Japan's cotton yarn import
declines 8.30% in tonnes during H1 '20
30% garment factory workers
in Philippines to be furloughed till year-end
Yearly Drop, Monthly Surge -
a trend Chinese sewing machine export follows
Japan surges over 2% in
cotton fabric import in H1 '20; China regains dominance
Weekly News 34/20 (21/08/2020)
Bangladesh becomes no.1
denim exporter in USA
Tapestry
sees 53% fall in net sales; e-commerce is the saving grace
Chinese apparel retail sales
in July '20 is WORST in last 4 months!
Esprit to post loss of US &
503.2 million in annual report due to COVID-19
Turkey
marks 8% Y-o-Y growth in textile and garments exports in July
'20!
Bangladesh becomes 3rd
largest sourcing destination for US-based fashion brands
EU
suspends preferential trade scheme with Cambodia over human
rights violations
Weekly News 33/20 (14/08/2020)
Egypt's garment exports
decline 24% in H1 2020
Japan-UK FTA to be mutually
beneficial:GlobalData
Cotton exports from India
fall 39% in April-June period
Prices of textile products
in India recover in Jun: Ind-Ra
T-Shirt import of USA grows
47% in June '20 over May '20
H1 '20: Canadian apparel
import picks up in June after falling till May
adidas posts 34% loss in Q2
net sales as online sales jump by 93%
US retail sales grow 9.2%
Y-o-Y in June; surge seen in the UK and Germany as well
Canada, Mexico uptick
apparel shipment to USA in June '20; first half remains negative
Weekly News
32/20 (07/08/2020)
Nike hottest apparel brand
in The Lyst Index
Prada
sees growth in Asia as its half-yearly sales slump
UK ensures furloughed
staff get full redundancy payments
Cambodia's 5-yr plan for
garment-textile, footwear sectors
Champion
to launch sustainable streetwear line Re:Bound
Investing US $100
million, JD.com and Li & Fung Ltd. join hands
Under
Armour's revenue likely to fall by 20% to 25% in second half
Uniqlo sees increase in
July sales; more demand for stay-st-home apparels
Weave the Future with Taiwan
Textile Machinery
https://twmt.taiwantrade.com/mp/taiwan-machinery-free-webinar-7
Weekly News 31/20 (30/07/2020)
Pandemic hits Vietnam'
garment-textile export turnover
Carter's
sees a fall of 30% in Q2; net income too expectedly slumps
Only 4 countries see surge
in apparel exports to USA during Jan.-May '20
Nepal RMG sector faces order
cancellation worth Rs. 1.25 billion by global buyers
Nike
announces job cuts and leadership changes to focus on its
e-commerce business
As pandemic takes edge off,
China's apparel import surges by 48.89% in June '20
China's apparel export grows
46% in June '20; indicates global market rebounding
Bangladeshi apparel makers
book only 35% orders of its production capacity for July-Dec of
2020
Weekly News 30/20 (24/07/2020)
Japan apparel & textile
export falls 26% in May' 20
US coalition calls fro
strong rules for govt PPE Purchases
Sewing machine export of
China drops 22.10% in Jan.-May '20
Cotton
production to increase 11.30% in 2020/21, predicts USDA
Bangladesh to set apparel
exports target at $33.78 billion for FY21
India is second top Chinese
sewing machine importer in Jan.-May '20 period!
Techtextil North America and
Texprocess Americas rescheduled beyond 2020
Weekly News 29/20
Topshop to shut down its
last store in Hong Kong
Fast Retailing foresees 50%
slump in yearly profit
Total UK online fashion
checkouts up 93% in June
COVID-19 hastens retail
digital transformation: Global Data
Nike
launches concept store Nike Rise in Guangzhou China
H&M Foundation supports
women RMG workers in Bangladesh
USA declines by over 25% in
textile and apparel import from EU-27
Messe Frankfurt completes
780 years of evolution; all set to restart business activities
post-pandemic
Weekly News 28/20 (10/07/2020)
Gap closes stores in Hong Kong
Apparel export to USA
declined amid COVID-19
Esprit to cut 1200 jobs,
close 50 stores in Germany
Vietnam garment export drops
14.5% in five months
China to be largest importer
of cotton lint in 2019-20
Here's a new initiative to
improve textile waste water management!
50%
jump in Mango's online
turnover; 900,000 new digital customers
StopHateForProfit! Many
apparel brands and retailers now away from advertising on
Facebook
US apparel import from China
surges in May '20 by 16.53% over April '20; total yearly import
down by 60%
Weekly News 27/20 (02/07/2020)
H&M's half yearly results:
sales down by 23%
Under Armour to end US $280
million deal with UCLA
Nike performs well in China
as its Q4 sales fall by 38%
Indonesian PPE producers
gear up for exporting coveralls
US fabric imports value down
by 11.37% in Jan.- Apr. '20
67 mn clothes could be
discarded by UK homes post lockdown
China sees steep climb in
apparel and textile exports in May over April
Weekly News
26/20 (26/06/2020)
Mango
invests in centralised automation centre
EVFTA expected to help
Vietnam's economic recovery
Indonesia announces tax
break for PPE manufacturers
UK retail sales volumes
partly rebound in May, rise by 12%
NAFTA
declines in its apparel export to USA in Jan - Apr '20
19.3 per cent of younger
consumers bought more clothing during lockdown!
Forever
21 tries to re-enter UK and Europe with a new strategy: goes
e-commerce only!
Weekly News
25/20 (19/06/2020)
Guess reports
huge Q1 loss! CEO is still optimistic
Knitwear
export performance indicates huge shrink
Zara owner to
close 1,200 stores worldwide in 2 years
Industrial sewing
machine export of Japan plunges in Q1 '20
PVH Corp.'s Q1
revenue down by 43%; 85% stores to reopen soon
Bangladesh,
Vietnam see boost in brassieres export to USA in April '20
Lululemon
sees 68% jump in online sales" not enough to offset Q1
slump
Weekly News 24/20 (12/06/2020)
Gap too registers losses in
Q1！
Sateri commercialises its
new sustainable fibre!
Adidas sales pick up faster
than expected in China
US denim apparel imports
decline 55.30% in April '20
Richpeace launches automatic
face mask machine line
G-III records 36% fall in
overall sales in Q1; to close nearly 200 stores
Vietnam grows (surprisingly)
34.5% in kidswear exports to USA in April '20
H&M wins copyright claim
against Unicolors Inc. over similar geometric design patterns
Weekly News 23/20 (05/06/2020)
Global trade of cotton
sewing thread to fall
Ralph Lauren sees a fall of
15% in Q4 revenues
Sri Lanka hopes to attract
$1 bn worth PPE orders
Intertextile 2020 to offer
bedding products for buyers
UK charity calls for
avoiding fast fashion post lockdown
Asos Marketplace reports
strong sales during lockdown
Japan's Descente to close 47
kids wear shops in S Korea
Alibaba planning to bring
onboard 100,000 online influencers for global busines
Weekly News
22/20 (29/05/2020)
Adidas introduces reusable
face covers
Li & Fung officially
delisting from HKEX
Impose additional duty on
garment import
India's yarn export to slide
35-40% this fiscal
Alibaba's online sales see a
jump of 19% in Q4
Uniqlo will now make masks
made of underwear fabric
After Columbia, Lululemon
and TJX also reopen stores
H& M
launching new men's collection with cooling fabric 'Coolmax'
Weekly News 21/20 (22/05/2020)
Columbia and Hudson's Bay too reopen stores
Mango may reopen 80% of stores by May end
California Textile adds reusable face
mask to product line
ZnZ
to introduce specially treated fabric to fight COVID-19
YKK
expands product offerings to support COVID-19 relief
BGMEA recommends to close 46 factories for
failure to pay wages
Thailand, Vietnam among biggest winners in brassieres export
to USA in Q1 '20
Tapestry to slowly reopen its stores across North America
and Europe by this weekend
Weekly News 20/20 (15/05/2020)
Bangladesh's apparel exports
fall dramatically in April
Sri Lankan
PM seeks US assistance for apparel sector
70%
Indonesian clothing factories may face permanent closure
Mall
owners collect only 15% rent in April; rents might fall
further
H&M sales down by 57 per
cent; Italy witnesses maximum impact
Mango to donate 1% of
in-store sales revenue to WHO's solidarity fund
India’s RMG export to USA falls 6% in March
’20; kidswear, jackets show potential
As China tumbles 52% in March, Vietnam
becomes top apparel exporter to USA
Report:
Impact of COVID-19 on Indian
Apparel Industry
The Big Fall - Impact of
COVID-19 on EU and US Apparel Market
Weekly News 19/20 (08/05/2020)
Nike online sales picked up
USA Apparel Import Continue to See Negative Trend
Global imports of synthetic fibre gloves
expected to rise
Lockdown effect: Indian apparel industry
to shrink by 35%
ILO
calls for urgent policy measures to
support businesses
American Apparel to shift production to PPE, masks, gowns
Fired and furloughed factory workers demand higher Government
aid
Noida garment exporters left with no orders to service for next
2 years
BGMEA audit garment factories to guarantee health and safety
practice