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

Image Courtesy: Livemint.comMarks &Spencer,in collaboration with Signify, leader in connected LED lighting system, software and service,has rolled out Interact Retail System that will allow the retailer to manage its lighting for different storesthrough a single dashboard.The retailer will now be able to monitor energy consumption for different storesand optimise the light and energy settings. Moreover, the data collected will assist the maintenance team to receive immediate insights into th

Irish textile firm Union Street (Lurgan) will open a yarn-spinning factory in India to reduce its exposure to price volatility in China, according to the company's recently published annual accounts, which reveal another year of double-digit sales growth. The company is involved in weaving, dyeing and finishing of linen and linen cotton fabrics.Pic: ShutterstockIt is also feeling the pinch from price fluctuations in Asia, according to a report in an Irish newspaper.In a strategic report acco

According to OTEXA, USA fell in its apparel consumption by 0.34 per cent in 2019. The country imported 27.74 billion SME apparels in 2019 as against 27.83 billion SME in 2018.Image Courtesy: The first three quarters saw positive trend by 4.61 per cent; 4.02 per cent; and 2.22 per cent respectively, while the 4thquarter saw a massive downfall by 11.89 per cent.In terms of values, the country saw a marginal rise of 1.16 per cent as it imported US $ 83.82 billion worth of apparels as against US $ 8

The fastest growing large economy in the world is India, according to the 22ndedition of Deloitte’sGlobal Power of Retailing. Longer term, India’s favourable demographics bode well for strong growth and a rising middle class, adds the report which identifies 250 largest retailers of the world across demographics with minimum retail revenue of $3.7 billion.The apparel and accessories sector earned the second highest composite retail revenue growth of 7.1 per cent in FY2017, however the sector cou

Chinese ambassador to Bangladeshrecently assured Bangladeshi industries, especially those in the textile and readymade garment sector, that the construction of mega projects in the country would not be affected due to thein his country. Bilateral trade would not be affected because of the outbreak, he said.Pic: ShutterstockWuhan, the epicentre of the virus, will not affect the fundamental picture of supply chain of Bangladeshi industries as the city is not a production centre for textile or appa

Bangladeshi apparel products made of raw materials, including cotton, imported from the United States should beby importers there, according to foreign minister AK Abdul Momen, who recently floated the idea to strike a deal on purchasing cotton from the United States in exchange ofPic: ShutterstockHe was speaking at a luncheon meeting organised by thein Bangladesh with the theme ‘Strengthening Bangladesh-USA economic relationship’.On an average, Bangladeshi products attract 15.6 per cent import

Bangladeshi garment accessories and packaging manufacturers fear losses of Tk150 billion (1500 crore) due if the coronavirus prolongs for six months as it would create a shortage of raw materials for the sector hindering the production.Figure:About 50% of raw materials are sourced from China.Meanwhile, the business people called for searching alternative sources to procure raw materials to avert supply crunch and policy support with ease trading facilities to buy from the new destination.Banglad

‘Silkflex Grand Textile Printing Technical Seminar’ shows innovation of Bangladesh textile printing sectorSilkflex Bangladesh Ltd awarded 250 leading textile factories for their contribution to the printing sector on ’12thSilkflex Grand Textile Printing Technical Seminar’ held at Officers’ Club, Dhaka on 7th February.Figure 1: Factories received the ‘Silkflex Print Contest-20’ award.Silkflex Polymers SDN BHD, Malaysia and Silkflex Bangladesh Ltd jointly organized the largest textile screen print