One of the world’s largest designer and retailer of maternity apparel,announced to close down 183 stores– nearly 20 percent of its North American presence.Courtesy: PinterestAfter filing for a voluntary Chapter 11 petition for bankruptcy court protection on 21 October, 2019.The closures will upset the company’s namesake Destination Maternity stores as well as its other brands, Motherhood Maternity and A Pea in the Pod.“A challenging retail environment required the company to ‘make some very toug

The cumulative order intake recorded by Rieter Group, the world’s leading supplier of systems for short-staple fibre spinning, in the first nine months of 2019 of CHF 524.5 million, was down by 30 per cent compared to CHF 749.8 million in the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238.0 million).Double-head autoleveler draw frame RSB-D 26. Pic: RieterThis month Rieter booked order intake for a major project—the first six projects with Co

Chinese firms at the 126th China Import and Export Fair (Canton Fair) showcased ethical products developed in the digital age. The second phase of the Canton Fair was held from October 23-27, 2019. The Canton Fair is made up of 48 trading delegations, including foreign trade companies, factories, scientific research institutions, and foreign enterprises.In line with the event’s call for advanced research and development, brand incubation, and promotion of intellectual property rights, the final

The sharing economy is disrupting fashion and apparel brands–start-ups and established–as well as the retail industry, as they enter the rental subscription services business, according to the 2019 Future of Fashion & Retail Consumer Survey by CGS, a New York-based global provider of business applications, enterprise learning and outsourcing services.Several brands and retailers introduced apparel rental services last year, yet consumer adoption rates remained low. Of the more than 17,000 co

Pratibha Syntex’s sustainability goals for 2020 are reducing freshwater consumption by half, cutting energy use by a fifth, lessening greenhouse gases emission by 30 per cent, zero discharge of hazardous chemicals, 100 per cent use of sustainable materials and reducing hazardous waste by 40 per cent, according to chief executive officer Ashwani Palaha.The Indore-based company, which recently won Woolworths' 'Supplier Excellence Award' for 'Supplier of the Year Sustainability 2019

The global trade of cotton woven fabrics has been declining since 2013 with a considerable CAGR (compound annual growth rate), according to data from TexPro. The global trade of cotton woven fabrics was $26.93 billion in 2016 and dropped to $26.60 billion in 2018 declining by 1.23 per cent, according to Fibre2Fashion's market analysis tool.The total trade slipped by 0.04 per cent in 2018 over the previous year. It is anticipated to reach $26.11 billion in 2021 with a CAGR of 0.62 per cent fr

Ghana plans to clamp down on textiles illegally entering the domestic market, according to deputy trades minister Carlos Ahenkorah, who recently said every textile item that gets onto the shelves must have a coded textile stamp. The government intends to get a law passed in parliament to back this policy and the attorney general is drafting the bill, he said.All textile items will be audited to ensure these are of the right quality before the stamp is issued, a Ghanaian newspaper report quoted t

Positive price movements were witnessed across the entire offering at Australian wool auctions this week. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) ended the week at 1545ac clean/kg which was a 28ac jump or 1.9 per cent. The USD EMI was far more effected and bounced 2.7 per cent or 28usc higher and closed at 1057usc clean/kg level.Pic: ShutterstockAll types and descriptions were well sought, despite the much stronger (+ 0.85%) Australian dollar (AUD) against the US Dolla

The global trade of artificial yarn has been growing with a high CAGR since 2013 except for the drop in 2015, according to data from TexPro. In terms of value, the global artificial yarn export was $493.90 million in 2016 and reached $588.39 million in 2018 with a growth rate of 19.23 per cent, according to Fibre2Fashion's market analysis tool.The total artificial yarn export moved up by 11.92 per cent in 2018 over the previous year, and is anticipated to reach $765.09 million in 2021 with a

Rue21, a fast fashion retailer, has announced that the company has named Catherine Cat Morisano as the chief merchandising officer and Mary Blodgett as senior vice president of stores. Rue21, the pioneer of fast fashion which is headquartered in the US, offers stylish apparel and accessories for men, women, and plus sizes at prices everyone can love.Pic: Rue 21Prior to joining Rue21, Morisano was most recently executive vice president and chief merchant at Charlotte Russe. Prior to Charlotte Rus