The total revenue of Lux Industries Ltd, one of India’s largest players in the hosiery business, stood at ₹1,218 crore for the year ending March 31, 2019, as against ₹1,079 crore in FY18 reporting a growth of 13 per cent. The EBITDA and PAT were at ₹190 crore and ₹101 crore respectively. The EBITDA margins improved by 110 basis points to 15.6 per cent.Pic: Lux Industries“We are very pleased to end FY19 on a positive note. With mounting need for quality and comfort along with fashion in the inner

ASHBOURNE — Since the Rana Plaza collapse of 2013, Fashion Revolution has held annual events to both mark the anniversary and promote more ethical, sustainable practices within the garment sector.This year will be no different, with a global series of events set to unfold between 22nd – 28th April. The latest publication of the organisation’s largest ever Fashion Transparency Index report is also scheduled for release later this week.Coinciding with the agenda for 2019, Fashion Revolution has an

Gap Inc has unveiled new sustainable commitments from Banana Republic and Old Navy. Accelerating the company’s use of more sustainable materials in apparel production and reduce the environmental impacts of product manufacturing, both the brands will increase sustainable product offerings. The announcement has marked the latest step in Gap's journey.On Earth Day, Gap also joined forces with other apparel brands to tackle clothing waste through a unique effort. As a core partner of the Make F

GHCL Limited, one of India’s leading chemical and textiles company, has launched Rekoop CertainT verified recycled PET bedding products on Amazon.com. Rekoop bedding is made by blending cotton with polyester fibre which is obtained from recycling post-consumer PET bottles. The launch coincided with the celebrations of the World Earth Day.The platform is designed to tag, test and track synthetic fibres to provide transparency, traceability and trust throughout the textile supply chain. Reliance I

WASHINGTON DC – In the lead up to 2019’s Earth Day, Olivia Wilde’s Conscious Commerce has announced it is partnering with online thrift shop Thred Up to launch the ‘Choose Used’ collection, a 3,000 piece collection of second-hand T-shirts and sweatshirts.As was recently reported by Ecotextile News, research by Thred Up suggests that the second-hand clothing market will grow to nearly one-and-a-half times the size of fast fashion by 2028.Source:Eco Textile

Retail automation solutions offer several advantages including accuracy, low cost, speed, and high performance primarily in the retail sector. This is a key factor fuelling the growth of the retail automation market.retail automation marketImplementation of automated solutions in the retail industry is the major factor propelling the growth of the retail automation market. The retail automation systems are increasingly used in numerous end users including supermarkets, hypermarket, single item s

IACC (Indo-American Chamber Of Commerce) Textile Forum, in association with US Commercial Service, US Consulate, Mumbai is organising a one day Conference on “America First & Make in India: Together Achieving USD 100 Billion Trade in Textiles” Wednesday, April 24, 2019 at The Hotel Taj Mahal Palace, Colaba, Mumbai.The objective of the conference is to create, develop and sustain successful bilateral partnership across the textile value chain. In order to promote joint investment and to suppo

India’s Khadi and Village Industries Commission (KVIC) created over 20 lakh jobs in the last five fiscals under the Prime Minister Employment Generation Programme (PMEGP), according to its chairman Vinai Kumar Saxena, who claimed it has been achieving more than cent per cent success rate in executing the PMEGP since 2014-15, with the only exception of 2015-16.Prior to 2014-15, the achievement rate was never over the stipulated target, a news agency report quoted Saxena as saying. But in the last

Eighty six per cent of brands participating in the Dutch Agreement on Sustainable Garments and Textile (AGT) are on the way to meeting the agreement targets, according to the annual report published by the parties to the AGT recently. By the end of 2018, 92 garment and textile brands had signed up, representing around 48 per cent of turnover in the Dutch market.Pic: International RBCIn 2018, companies and other parties to the agreement, such as trade unions, civil-society organisations and gover

What: Chico's Fas, Inc announces the launch of its newest digital-first brand TellTale for women Pic: Chico's Fas Inc USP: TellTale targets women aged 25 to 40. Launching as a digital-first brand, TellTale is for customers looking for intimate apparel that is sensual and lets them express their distinct personality. the quality/style/value equation will address a gap in the market today for affordable, well-constructed, and fashionable bras. Product Line: TellTale will launch with a simp