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  • Prasenjit Tito Chowdhury shared his 10 forecasts regarding fashion industry in 2023.2023 will be a Fashion Bonanza: Recession and inflation concerns will dampen net growth potential. However, 2023 being the first full year post-pandemic consumers, not just luxury clientele who already have been into enhanced shopping last year, will be celebrating life in every aspect, fashion shopping, experimenting with new trends, going out dressed up more, etc. If the economy dampens too much, it will impact
  • Hybrid shopping has become a conscious choice of fashion consumers after the lifting of COVID-19 restrictions, according to an 18-month, four-stage survey in the US, the UK, and Germany by Boston-based firm EPAM Continuum. The survey also revealed that consumers aspired to buy sustainable fashion products, but affordability was still the preference.Many shoppers said they were increasingly conscious of brands’ claims around sustainability and said they would often look for more sustainable optio
  • The Better Buying Institute (BBI) has published a special report that analyses the available research, and confirms a link between purchasing practices and non-compliance and human rights violations. The findings reveal that buyer purchasing practices have the most known impacts on non-compliances related to working time, workers’ contracts, and workers’ compensation.The German Act on Corporate Due Diligence, which came into force on January 1, outlines companies’ obligations for engaging with k
  • British luxury fashion house Burberry has revealed its Year of the Rabbit 2023 campaign, which builds upon the brand’s spirit of adventure. The campaign stars actors Qi Xi, Shi Pengyuan, and sportswoman Zhao Lina and is captured by video director Zika Liu and photographer Sky.Inspired by the Year of the Rabbit, the exclusive collection features the Thomas Burberry Monogram playfully reimagined with rabbit ears. The special monogram is adorned on womenswear, menswear, and childrenswear, the signa
  • China will make efforts to quickly facilitate participation of its companies in exhibitions abroad and will promptly give approvals, encouraging them to expand their presence in developing and emerging markets, diversify their sales channels and stay competitive, according to Yang Fan, spokeswoman of the China Council for the Promotion of International Trade (CCPIT).The council has approved participation in 15 overseas economic and trade exhibitions since November to boost exports, she said. The
  • US imported leather apparel and accessories worth $2.695 billion from China, which was 27.10 per cent of its total imports of $9.944 billion during January-September 2022. The imports registered an impressive growth of 29.46 per cent year on year (YoY). There was no spill over effect of US ban on cotton from Xinjiang region on leather products.China was the top supplier of leather products to the US with 27.10 per cent share during the period under review. The other top five suppliers were Italy
  • The exports of textile and apparel from the United States went up by 11.89 per cent year-on-year in the first ten months of this year. The value of exports stood at $21.039 billion during January-October 2022 compared to $18.802 billion in the same period of 2021, according to data from the Office of Textiles and Apparel, US department of commerce.Category-wise, apparel exports increased by 24.10 per cent year-on-year to $6.189 billion, while the exports of yarn ($3.907 billion) and fabric ($7.4
  • Jerseys and T-shirts will be the top performing products in the apparel segment during 2020-2025. The global jersey market is expected to grow at a compound annual growth rate (CAGR) of 6.78 per cent in this period, while that of T-shirts may grow at an annual rate of 6.55 per cent. Global apparel market is expected to grow at 4.50 per cent to reach $1,574 billion by the end of 2025.The global market of jerseys will grow to $311.78 billion by 2025. The product’s market size was $226.16 billion i
  • Warehouses run by high-street fashion retailers are stuck with unsold stock due to the ongoing global economic crisis, one of the reasons for which record high inflation has cut the consumers’ purchasing capacity in many countries. Apparel brands have left huge stocks of clothes in their warehouses, prompting manufacturers to reduce production or delay shipments.Figure: Warehouses run by high-street fashion retailers are stuck with unsold stock due to the ongoing global economic crisis.A report
  • The global custom t-shirt printing market size is anticipated to reach USD 9.18 billion by 2030, exhibiting a CAGR of 9.9% from 2022 to 2030, predicts Research and Markets.Increasing preference for fashionable, customized, and unique clothing, as well as rising disposable income within the young population, are major factors driving demand for custom t-shirts worldwide.Customized t-shirts are primarily targeted toward the young population as these t-shirts allow them to design a t-shirt matching
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