Italy's Miu Miu ranked top in the hottest brands list in The Lyst Index Q3, followed by Spanish luxury fashion house Loewe. Italian luxury fashion house Prada and French...
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The BFC has announced its 2024 New Wave: Creatives, highlighting 50 young talents in various fashion disciplines. These individuals will be celebrated at The Fashion Awards...
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Kering Group's Q3 2024 revenue declined by 15 per cent YoY to €3.8 billion (~$4.09 billion), with a 26 per cent drop in Gucci and 13 per cent in Yves Saint Laurent. Bottega...
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Capri Holdings and Tapestry recently announced that both intend to appeal against the decision by a US district court allowing the Federal Trade Commission (FTC) to move a...
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The Frasers Group has announced dropping its plans to buy UK luxury brand Mulberry, citing a lack of engagement from the latter's board after two proposals were rejected....
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Burberry celebrates British craftsmanship with its iconic Check cashmere scarf, crafted at Johnstons of Elgin. Each scarf undergoes 30 steps, including washing in spring...
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H&M Move's 2024 ski collection brings together style, performance, and safety. With RECCO rescue tech and performance fabrics StormMove and ThermoMove, it ensures both visibility...
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Bangladesh's readymade garment exports rose by 4.77 per cent to $32.856 billion in July-February 2023-24, up from $31.361 billion in the same period last fiscal. Knitwear exports surged by 8.98 per cent,
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In 2023, South Korea's apparel imports from Vietnam declined by 7.75 per cent to $3.443 billion, influenced by economic uncertainty. Despite a decrease from $3.733 billion in 2022, Vietnam remains South
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In February, Japan's clothing and accessories imports surged by 27.5 per cent to 283,804 million yen (~$1.873 billion), reflecting a positive shift in retail demand. This accounted for 3.3 per cent of
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In 2023, the US' apparel imports from Cambodia declined by 25 per cent to $3.477 billion, influenced by global economic uncertainties and higher inflation. Despite the overall downturn, the average import
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New Zealand's apparel imports from Vietnam rose to $70.163 million in 2023, marking a 3.35 per cent increase and defying the global downward trend. Vietnam became the third-largest apparel supplier to
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Cambodia's apparel exports rose by 26.40 per cent to $1,369.712 million in Jan-Feb 2024, representing a significant share of the country's total foreign income. This increase is notable after a period
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The Australian government is looking to slash import duties on 500 products in the country to encourage consumption and increase the profitability of the businesses. The import duty cut, which may improve
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The National Council of Textile Organizations (NCTO) is now highlighting the extraordinary increase in apparel imports from Asian countries, which can undermine the US domestic textile industry. The
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First minimum wage set at Taka 930 (~$8.47) in 1994. Subsequent revisions raised minimum wage, culminating in Taka 8,000 (~$72.87). Minimum wage now fixed at Taka 12,500 (~$113.85). 79 per cent buyers
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In January 2024, Sri Lanka's garment exports decreased by 10 per cent to $349.1 million YoY. Textile exports fell by 16.1 per cent, while exports of other manufactured textile articles rose by 12.5 per
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In 2023, South Korea's apparel imports from Indonesia amounted to $448.927 million, with apparel made of man-made fibre dominating at 49.94 per cent. Cotton apparel contributed 22.74 per cent. Trousers
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In the first 2 months of 2024, Sri Lanka's garment exports declined by 5.1 per cent YoY to $738.4 million. Textile exports fell significantly by 23.9 per cent to $46.0 million, whereas exports of other
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In 2023, Chile's apparel imports hit $2,034.532 million, heavily dominated by Asian suppliers, particularly China, which contributed 70.15 per cent. Other Asian nations like Bangladesh and Vietnam also
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Bangladesh's RMG exports rose by 5.53 per cent to $37.202 billion in July-March of FY 2023-24, though they fell short of the $39.005 billion target. Knitwear exports increased by 9.79 per cent, while
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Vietnam has solidified its position as the world's 2nd largest footwear exporter, with the US being its primary market, absorbing over 30 per cent of its exports. In particular, sports footwear dominates
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In 2023, Italy emerged as Europe's top and world's 2nd largest buyer of Sri Lankan apparel, with exports to Italy rising by 10.05 per cent to $563.071 million. This growth occurred despite a global downturn
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Over the past five years, Vietnam has significantly increased its share in the US apparel import market, becoming the second-largest supplier after China. In January 2024, Vietnam's share reached 19.26
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Turkiye's apparel exports declined by 5.59 per cent to $2.851 billion in the first two months of 2024 compared to the same period in 2023. Both knitted and non-knitted clothing and accessories experienced
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