Financial institutions have warned of the impact coronavirus could have on the global economy as clothing and footwear companies assess impact on supply chains, sales and revenue.The Organisation for Economic Co-operation and Development (OECD) has described the virus, which is rapidly spreading around the world and has caused 3,000 deaths, as “the greatest danger since the financial crisis”.Covid-19, the illness caused by the virus, is raising both health concerns and the risk of wider restrict

Local garments manufacturers expect export earnings to post flat growth this year as the COVID-19 outbreak has affected delivery of raw materials used for production.The Philippine Exporters Confederation Inc. (Philexport) said garments manufacturers see their export earnings increasing just by one percent this year.According to data from the Philippine Statistics Authority, the country’s garments exports were valued at $906.289 million last year.“At present, almost all of our apparel production

Thepresents the global economy with its greatest danger since the financial crisis, according to the. Covid-19 is raising the risk of wider restrictions on the movement of people, goods and services, falls in business and consumer confidence and slowing production.Pic: ShutterstockOECD’s latest Interim Economic Outlook presents both a best-case scenario in which the extent of the coronavirus is broadly contained and a ‘domino’ prospect of contagion that is more widespread.In both cases, the OECD

Brand: IndyaCompany: High Street Essentials Pvt LtdLocation: Ambience Mall, GurugramArea: 909 square feetProduct profile: The store houses an exciting and extensive range of fusion separates - think tunics that span from traditional kurtas to new-age draped designs; pants and skirts with classic cuts along with fashion-forward styles with attached sari drapes; and tops, to suit every mood and occasion.Pic: Indya StoreStore design | Interiors & VM | Fixtures: This store is the Indya's lar

Canada grew by 4.62 per cent in its apparel imports in 2019, according to Statistics Canada which is country’s national statistics agency.The North American country imported US $ 10.11 billion worth of garments in 2019 as against US $ 9.66 billion of garments in 2018.Out of all major exporting countries, China remained at the top despite falling by 4.79 per cent in its RMG exports to Canada. China shipped apparels worth US $ 3.54 billion to Canada,which constitutes about 35 per cent of overall C

American sportswear and footwear retailer Foot Locker, seems to be putting its best foot forward in the face of Coronavirus fears that could disrupt supply chain and affect back-to-school shopping season.The retailer announced a net income of US $ 141 million for the fourth quarter, which is 10.8 per cent lesser than last year for the same period and the net sales also fell short with the company grossing US $ 2.22 billion as compared to US $ 2.27 billion previously.Even though Foot Locker’s net

The withering away of a sari can be heart-wrenching for an owner, especially if it has been handed down generations. But today it is possible to restore a sari to its pristine state, writesMeher CastelinoOne of theThis amazing feminine drape can be styled in nearly 100 ways and remains a prized possession of every Indian woman, both young and old. The sari’s heritage is as varied as its stunning beauty when shimmering weaves, intricate motifs and mesmerising colours create a visual symphony. Whe

Fast fashion is fast withering, and there is now need to look out for organic options that are made locally, or opting for second-hand options through thrift store orsays a recent EU report. On the ecological impact, it says that it takes around 2,700 litres of water to harvest the cotton needed to make a single t-shirt.Pic: Shutterstockis an important deciding factor in the study of ecological impact of products. The gallons of water used in making it, the amount of scraps needed for the trimmi

India’s finance ministry has made it mandatory for all government departments to buy at least 20 per cent of their textiles requirement from thehandloom clusters and registered weavers to boost the khadi industry. The ministry has amended Rule 153 of2017 to implement this change.Pic: ShutterstockTill now, the government had reserved all items of hand spun and hand-woven textiles (khadi goods) for exclusive purchase from KVIC.According to the amended rule, "of all items of textiles required

As apparel export industry passes through a tough time, we bring to you the views of some of the top industry experts on how to survive during these testing times…Apparel export industry is passing through a tough time and industry representatives have been knocking the Government’s door time and again in this regard. So, it becomes highly important to know the suggestion of bureaucrats, policymakers and experts who are instrumental in the decision making process. Apparel Resourcesbrings to you