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Weekly 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

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

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