Weekly News
Highlights
The 2018 Budget Speech (27/10/2017)
Comparison of Income Tax
BESTINET Presentation on FWCMSWeekly News 02/21 (08/01/2021)
Pakistan textile industry
rebounds
Macy's to close 45 more
stores forever
Over 60% of Adidas products
to be sustainable in 2021
Vietnam's garment-textile
units see rising orders, issues
India may impose
anti-dumping duty on viscose spun yarn
India may end FY 2020-21
with exports worth $290 bn: FIEO
Guess ends 2020 strong;
earns acclaim for sustainability efforts
Surgical drapes imports of
USA fall 1.42% in Jan.-Oct. '20 period
Target recalls more than
400,000 pieces of babywear owing to safety hazards
India's cotton yarn exports
increase in October '20; China becomes prospective market for
October-December quarter
Weekly News 01/21 (01/01/2021)
Global trade of knitted
dresses grows marginally
Pak to reduce 6% import duty
on raw materials from Jan 1
America's busiest port
strained as e-commerce sales shoot up!
China garment and accessory
exports up 7.20% in Jan.- Nov. '20
New UK-EU trade deal is on!
Here is what it brings for apparel trade of UK
PPE
imports by USA value US $16.58 billion (up 311.60%) in 2020 till
October
85.2% of total face masks
imported by USA in Jan.-Oct. '20 were made in China!
Setback
for 'Made in USA' textile and apparel products! Export sinks
18.5% in Jan.- Oct. '20
3 countries (China, Vietnam,
Mexico) ship 90.6% of total nonwoven disposable apparels
imported by USA in Jan.-Oct. '20
Weekly News
52/20 (24/12/2020)
Frasers
Group to open 15 Flannels stores in 5 years
UK clothing retail suffers
as Tier 4 restrictions in place
Jordan's RMG sector to
recruit 12000 Bangladeshi workers
2020: Sounth Asia sees
cancelled orders, supply disruptions
Vietnam may turn
upper-middle-income nation in 2023: JCER
Nike''s Q2 revenue up by 9%;
plans to open 30 stores next year
Crystal International's
Vietnam knits factory is now EDGE certified
Revenues from apparel retail
sales touch US $ 166 billion in Jan.-Nov. '20 perios
Declining unit prices cause
sharp fall in RMG import values of JAPAN in Jan.-Oct. '20
Clothing and textile
activities recover in EU during Q3 '20 over
Q2 '20; EURATEX
says full recovery
yet to be seen
Weekly News 51/20 (18/12/2020)
China apparel exports to US
grew in October
India's containerised trade
severely affected: Maersk
Frasers Group sees
half-yearly profits surge by 17.6%
Myanmar's CMP garment
exports fall by 50% in months
J.Jill's Q3sales fall by
around 30% improvement over Q2
UK to recover in 2021,
pre-COVID level GDP in 2022: CBI
Bangladesh to lose
$4 bn in EU sans duty-free gains: BGMEA
Lululemon posts 22% increase
in Q3 revenue; venturing into footwear
Here are countries which
grew in swimwear exports to USA in Jan.-Oct.'20
Bangladesh grows in kidswear
exports to USA in Jan.-Oct.'20; India remains negative
Weekly News
50/20 (11/12/2020)
UK and Canada sign trade agreement
Cotton exports to be down by
around 10%
Primark
hopes to recover £430
million of lost sales!
In-store fashion sales fall
by 62.6% in November in the UK
October is the best month
(in 2020) for USA apparel imports！
Vietnam's garment and
textile exports to USA drop 8.29% in 2020
Canada's apparel import in
October '20 surpasses the figures of October '19
US buyers placed more orders
in India and Bangladesh during October '20
Cambodia, Myanmar surge in
textile and apparel exports to USA in Jan.-Oct. '20
China loses US $9.39 billion
(on Y-o-Y) in its apparel exports to USA till October '20
China's dominance
downscaling in Canadian apparel market; India revives in October
'20
Bangladesh positive, other
top 3 (China, Vietnam and Mexico) down in denim apparel exports
to USA in October '20
Weekly News
49/20 (04/12/2020)
France to impose 'digital
tax' in 2020
Walmart to lay off over
1,200 workers!
Chico's FAS Q3 FY20 sales
slip to $351 mn
India's economic recovery
faster than expected in Q2
Vietnam's textile-garment
exports likely to reach $34 bn
Indonesia's textile-apparel
sector contracts 8.37% in Q2
Anti-dumping duty on various
yarns enhanced for a month
73% of Emiratis shopping
more online since pandemic: study
China's garment imports
surge in Jan.-Oct. '20; textile imports down
Weekly News 48/20 (27/11/2020)
Nike to raise its dividend
payout by 12%
Asics reports Q3 FY20 sales
of
¥248 bn
Nike unveils new concept
stores 'Nike Unite'
Brooks Running sees 49%
global growth in Q3
Delta Apparel posts Q4 FY20
sales of $117 mn
The Walt Disney posts Q4
FY20 revenue of $14.7 bn
Textile dyeing industry sees
volume drops, cancellations
Macy's slow digital growth
of 27% in Q3 is a cause of concern
Knitted fabric imports by
Canada decline by 14.70% in Jan.-Sep.'20
China's apparel sales clock
RMB 127.40 billion revenues in October '20; grom 12.20% on
yearly basis
Kidswear revenues remain
positive on yearly basis amidst falling apparel sales in
Japanese department stores
Weekly News 47/20 (20/11/2020)
Asics listed on Dow Jones
Sustainability Index 2020
WPI inflation for clothing
up 0.07% in October 2020
Burberry Group H1 FY21
revenue falls 31% to
£878 mn
RCEP to boost sustainable
post-COVID recovery investment
M&S rolls out 'Mobile PayGo'
payment services across the UK
70% of KappAhl's range is
now made of more sustainable materials!
Lululemon to sell Mirror
devices across all its US stores; new features added
Weekly News 46/20 (13/11/2020)
adidas reports decline of 3%
in Q3 sales
Tapestry Q1 FY21 net income
grows to $232 mn
More flexible rules for
textile items in UK-Japan CEPA
Domestic fabric shortage in
Vietnam textile-garment firms
Myanmar exported garments
worth $4.28 bn in Oct 1-Aug 31
64%
sporting goods industry supply chains disrupted: WFSGI
China loses over 7% market
share in US apparel industry in 2020
Frasers Group to close all
stores during new lockdown; M&S clothing to follow suit
After growing for 3 months,
Canada declines in RMG import
value by 15.63% in Sep. '20
Canadian apparel import
grows from India in Sep. '20 over Aug. '20; the only country
(with USA) in top shippers tally to grow
Weekly News 45/20 (06/11/2020)
Ralph Lauren sees 30% fall
in Q2 revenue
Under Armour posts
better-than-expected Q3 sales
Columbia Sportswear posts Q3
FY20 sales of $701 mn
Puma sees positive upturn in
sales and profitability in Q3
Lululemon 4th in Top 40 Most
Valuable Canadian Brands list
M&S will post half-yearly
loss as apparel sales get hit, say analysts
Japanese chain store apparel
revenues in deep trouble; down on M-o-M and Y-o-Y in September
'20
With 27% surge in garment
imports till September '20, China sends strong message to
exporters around the world!
Weekly News
44/20 (30/10/2020)
Carter's to shut down
200 stores
Moncler posts 15% fall
in Q3 revenue
adidas mulls over a
potential sale of Reebok
Pak trade bodies demand
duty-free cotton yarn export
Online shopping scams rise
37% during 2020 1st half in UK
USA RMG imports under
CAFTA-DR tumble 37% till August '20
Indonesia aims to increase
textile exports to Turkey: works on IT-CEPA
Next raises its annual
earnings forecast again as demand for kidswear increases
Sub-Sahara regions falls
16.43% in RMG exports to USA in January-August '20
China's apparel export
surges in 2nd consecutive month; up 3.60% in
September '20
Weekly News
43/20 (23/10/2020)
Indian apparel exporters'
turnover to dip 25%:ICRA
Not much gain for Bangla RMG
exporters from PRC decision
Here comes YKK smart zipper
that can be connected to mobile phones!
Uniqlo profits fall by 40%;
forecasts 64% recovery from pre-pandemic slump
US shoppers seek more
bargains as unemplyment rate may surge over 9% in 2020
Asos profits jumps by 329%
as demand for casual wear increases; revenues rise by 19%
India
fails to tap even monthly growth in Japanese market as it falls
by 25.45% in August '20 over July '20
Japan could recover by just
77.61% in its apparel import value during August '20 over August
'19, while Jan-Aug.'20 shows it fares marginally better with 84%
recover
Weekly News
42/20 (16/10/2020)
Cambodia, China sign free
trade agreement
Dhaka to seek duty-free RMG
access to US for 3 years
H&M's
first and only in-store recycling machine unveiled!
Turkey ranks 6th in global
garment trade, says Minister Mustafa Varank
UK Government to cover 2/3
of staff pay if retail stores have to shut down again
Canadian RMG imports recover
by 99.86% in August '20 as compared to August '19!
Bangladesh RMG export to USA
positive (Y-o-Y) for the first time in 2020; taps 15.70% growth
in August '20
China
still dominant in the Canadian apparel market with 15.61% growth
in Aug. '20 over Jul. '20 and 19.24% growth in Aug. '20 over
Aug. '19; India lags behind with just 2.32% surge
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