As the denim giant is seeing strong gains on the international front and in e-commerce, Levi Strauss is set to open stores in 2020. The brand posted a 3 per cent gain in net revenue in the first quarter of the fiscal year. The company expects its net revenue to grow by 6 per cent in fiscal 2020 This estimate incorporates anticipated benefits of a Black Friday week in the first quarter, and a 53rd week, which will fall in the fourth quarter and will include a second Black Friday.During the fiscal

India Ratings and Research (Ind-Ra) recently revised the Indian textile sector’s outlook to negative for fiscal 2020-21 from stable, as weak domestic demand growth, threat of cheap imports and dwindling incentives and exports are likely to keep volumes muted. Ind-Ra however expects key raw material prices to remain low in the next fiscal after a correction in 2019-20.Pic: ShutterstockThat will contribute to a modest recovery in margins, stable working capital requirements and steady cash flows,

Bangladesh’s garments accessories and packaging sector may incur a loss of Tk 1,200-1,500 crore if the deadlock in import from China continues for three to four more months, according to the Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association, which is concerned over the impact of the coronavirus outbreak on its members.Pic: ShutterstockAssociation president Mohammad Abdul Kader Khan said about 40 per cent of raw materials for the sector are procured from China.

Ms Tian from a foreign trade company is selacting spring fabric at a shop in China Textile City in Keqiao, east China of Zhejiang Province.The "China Textile City", Asia's largest textile distribution center in the city of Shaoxing, east China's Zhejiang Province, reopened Tuesday.The center holds more than 30,000 merchants and 100,000 daily customer visits. It boasts a sales network covering 192 countries and regions. The opening date this year was 18 days later than in previo

Textile companies are facing increasingly complex challenges: higher labour costs and employee turnover rates, not to mention the need to automate material flow, reduce lead times and boost productivity. Furthermore, companies increasingly require comprehensive automation solutions due to greater demands on yarn quality and ease of use as well as the trend towards large and heavy packages.already has 30 years of experience in planning and installation of transport systems, especially between rov

In recent years, the global trade of curtains has been rising with high growth rate. Total trade grew 10.14 per cent from 2016 to 2018, according to data from TexPro. The global trade of curtains was $8,146.26 million in 2016, which increased to $8,972.63 million in 2018. The total trade of curtains has risen by 5.29 per cent in 2018 over the previous year.Pic: ShutterstockFurther it is anticipated that the total trade will reach $10,372.09 million in 2021 with a CAGR of 4.95 per cent from 2018,

Plastic pollution in this livable planet is like fast-spreading cancer. Affecting all segments – environmental, aquatic, living beings, and especially humans. Even with the growing call for sustainability, the efforts and pledges – the reuse of discarded plastic is insignificant.Figure 1: Md Enamul Haque, Managing Director, Expo Accessories Limited holding agarment accessories item made from renewable raw materials that are completely biodegraded in compost.Globally, annually 1.75 trillion of ga

Zhejiang China Textile City markets will resume business on Feb 18.To ensure the effect of NCP epidemic preventation and market resumption, market suppliers and visitors need to make registration online in advance and then can apply for the badge with the approved online registration and valid ID at the enterance of the market. The online registration strats from Feb 15. Market suppliers and visitors can search"Smart Care CTC" on wechat, on the website or in the APP of "Online Tex

A multi-stakeholder event titled ‘EU-Bangladesh Apparel Trade: A Time for a Reality Check’ was held at the European Parliament in Brussels on 5 February. Tomas Zdechovsky, Member of the European Parliament of the European People’s Party (MEP) in cooperation with the Bangladesh Embassy in Brussels hosted the program.Figure: State Minister for Foreign Affairs Md Shahriar Alam speaking at a multi-stakeholder event titled “EU-Bangladesh Apparel Trade: A Time for a Reality Check” held at the European

Image Courtesy: francescas.comFrancesca’s Holdings Corps., US-based apparel firm, has appointed Andrew Clarke as its new President and Chief Executive Officer (CEO).Andrew, reportedly, will assume his office with effect from 9 March 2020.In a statement released to media, the company announced that Andrew will be succeeding Michael Prendergast.Andrew, with a rich experience of 25 years in retail especially in apparels, was working till recently as the President of Loft – a well-known clothing lab