by TEXTILE VALUE CHAIN | Jun 28, 2024 | Fashion, News & Insights
Casual shirts for men are taking over the world of men’s fashion, one style at a time. T-shirts are comfortable and stylish, but you can’t wear them to every occasion, which is why casual shirts for men are in demand. Casual shirts are ideal for almost every occasion,...
by TEXTILE VALUE CHAIN | Jun 6, 2024 | Business & Policy, News & Insights
Citi Trends saw a 3.7% increase in total sales to $186.3 million in Q1 FY24, with comparable store sales up by 3.1%. The gross margin improved to 38.7%, leading to an operating loss of $7 million ($5.6 million adjusted) and an adjusted EBITDA loss of $0.8 million. Net...
by DIGITAL MEDIA EXECUTIVE | May 24, 2023 | Textile Technology
The continuing development of James Heal textile testing equipment is a result of the increased demand for more sophisticated protective clothing worldwide, particularly for the military and emergency services sectors. To make sure the fabric characteristics in...
by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | Corporate Update
The fifth-generation, family-owned Lion Brand Yarn Company, a global marketer and distributor of knitting and hobby yarn, is joyfully commemorating its landmark 145th birthday. Since its founding in 1878, Lion Brand has led the way in the American craft industry. Over...
by DIGITAL MEDIA EXECUTIVE | Apr 29, 2023 | Corporate Update
Birla Purocel, a division of the pulp and fibre division of the Aditya Birla Group, which is well-known for its extensive line of fibres for nonwoven applications, has partnered with Sparkle, a forward-thinking start-up, to create plastic-free sanitary pads and...
by DIGITAL MEDIA EXECUTIVE | Apr 20, 2023 | Corporate Update
20 April, London – Better Cotton, the world’s largest cotton sustainability initiative, has revised its Principles & Criteria (P&C) to ensure it remains an effective tool to drive continuous improvement and deliver sustainability impact at field-level. The...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | Country Report
India’s efforts to increase exports in the current fiscal year would be hampered by external factors as the geopolitical situation worsens. The conflict in Ukraine is still raging unabatedly as OPEC Plus, the oil cartel, has reduced production to raise crude...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | Handloom and textile
The educated next generation’s unwillingness to enter the family business that has been passed down for centuries is a challenge for Tamil Nadu’s handloom industry. Lack of interest, low salary, and excellent chances in industries like IT and retail are...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | PRICE REPORT, Trade Analysis
By 2022–2023, the US will surpass all other trading partners as India’s largest trading partner due to the two nations’ growing economic connections. The bilateral trade between India and the US climbed by 7.65 percent to USD 128.55 billion in 2022–23 from...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | E-commerce
The digital commerce platform market is bound to display phenomenal growth with a CAGR of 12.6% at a global level and is estimated to surge from a valuation of US$ 3.41 Bn in 2022 to US$ 7.85 Bn by 2029. In 2021, digital commerce platforms accounted for a 35% share of...
by DIGITAL MEDIA EXECUTIVE | Mar 23, 2023 | PRICE REPORT
Purified terephthalic acid (PTA) and MELT have seen their costs drop for the coming week thanks to Reliance Industries Ltd (RIL), India’s largest participant in the polyester value chain. Monoethylene glycol (MEG) rates, however, remained constant. This comes...
by DIGITAL MEDIA EXECUTIVE | Mar 20, 2023 | Fashion
20 March 2023, National: Bangalore based luxury cotton fabric manufacturer, Hi Fabrique Group today announced the acquisition of Tessitura Monti India Private Limited (TMIPL), an Indian subsidiary of Tessitura Monti Spa, Italy, an Italian Company which owned 100% of...