Adler Modemarkte, a textile retail chain in Germany, has reported 52.5 per cent revenue decline to €64.9 million in its second quarter (Q2) fiscal 2020 ended on June 30, 2020 compared to revenue of €136.7 million in same period previous year. Company’s operating expenses for the quarter were down 14.2 per cent to €24.3 million (Q2 FY19: €28.3 million).Pic: Adler ModemärkteEBITDA during Q2 FY20 reported a loss of €6.9 million compared to earnings of €27.4 million in same period previous year. Net

In consonance with the Government of India's vision of “Minimum Government and Maximum Governance”, a leaner government machinery and the need for systematic rationalisation of government bodies, the Government of India has changed the status of eight existing textiles research associations (TRAs) from 'affiliated bodies' to 'approved bodies'.Pic: Shutterstock"All TRAs do hereby cease to be ‘affiliated bodies’ of the ministry of textiles. The eight (8) TRAs shall hereaft

Walmart-owned Bangaluru based company Myntra has gone international joining up with the Middle East real estate giant Emaar Group’s e-commerce platform Noon.com and fashion portal Namshi.com to offer fashion-forward brands in the region. These brands and styles were chosen based on regional trends and consumer preferences.Figure: Walmart’s Myntra expands its fashion brand in the Middle East with 5X growth aimBoth Noon and Namshi are a conglomerate located in the UAE. Noon is a horizontal e-comme

Pakistan’s commerce ministry is busy trying to get the Textile Policy 2020-25 approved from the Economic Coordination Committee (ECC) as unless it policy is implemented, rise in exports is not possible, according to adviser to the prime minister on commerce and textile Abdul Razak Dawood, who recently said the ministry is working on the procedures on how to implement it.Prime Minister Imran Khan approved the policy several months back.Supporting the demand of the textile sector for continuation

The World Federation of the Sporting Goods Industry (WFSGI), the world authoritative body for the sports industry, has announced the outcome of the July 2020 edition of its WFSGI Covid-19 Impact Survey. With the commitment and active participation of the people working in its industry, the WFSGI can now compare the results of the surveys of last four months.Pic: World Federation of the Sporting Goods IndustryAcccording to the survey, increasing online sales remained unchanged the most chosen opt

India will launch a Focused Product Investment Scheme to attract funding in the man-made fibre (MMF) segment to boost its share in the global textiles market, according to textiles secretary Ravi Capoor, who recently told the Invest India Exclusive Investment Forum (Japan Edition) through video conference that the scheme aims to promote both greenfield and brownfield investments in the segment.Pic: ShutterstockUnder greenfield investment, a company builds its new facilities, whereas brownfield f

No wonder that climate change is a thought-provoking and broadly discussed topic in the arena of sustainable fashion. But according to, a widely known American management consulting firm, biodiversity loss is another area that must be looked upon with greater importance to be addressed, discussed, and taken into concern for finding pragmatic solutions. As it is declining faster than at any other point of human history, the trend must be decelerated before time ticks away.Why thinking about ‘biod

YANGON – The Complaints and Disputes Committee of the Dutch Agreement on Sustainable Garments and Textiles has informed workers’ rights organisations SOMO, Action Labor Rights (ALR) and Clean Clothes Campaign (CCC) that it will take up its complaint that fashion retailer C&A has turned a blind eye to rights violations at its Myanmarese supplier, Roo Hsing.Since 2018, when Myanmar’s minimum worker wage was increased to US$3.30, staff at the site of Roo Hsing have been at loggerheads with the

SaigonTex/SaigonFabric 2020 is postponed and the trade fair will now be combined with SaigonTex/SaigonFabric 2021,on April 7-10, 2021, the show organisers said on the fair website. The decision has been taken in view of the Vietnamese government continuing with the 14-day quarantine policy for foreigners entering the country, the organisers said.Pic: Dee Dalasio / Shutterstock.comWith the COVID-19 situation under control in Vietnam, the domestic textile and garment industry has resumed normal op

Owing to coronavirus pandemic and being the most impacted country, USA fell by 37.82 per cent in its denim apparel import during the first half of 2020.The country imported denim apparels worth US $ 1.08 billion in January to June ’20 period and saw some disruption in tally despite most of the countries declining significantly.Bangladesh has surpassed Mexico to become the top denim apparel exporting country to USA, while Vietnam dethroned China to grab the 3rd spot – all thanks to marginal surge