Recycled Polyester Sees Steady Growth, but Apparel is Not the Key Driver

Recycled Polyester Sees Steady Growth, but Apparel is Not the Key Driver

From a slow start, this eco-friendly material is gaining consumer acceptance, and moving into new categories. Within a decade, sustainable products have evolved from ‘window dressing’ to ‘must haves’ for brands and retailers. One of the core ways that brands are introducing sustainability into their collections is through the use of recycled materials – primarily recycled polyester. Major international brands including Zara, H&M, Marks and Spencer, Levi&rsq...
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Denim Mills See Opportunities in RTW, Chinos and Recycled Fibers

Denim Mills See Opportunities in RTW, Chinos and Recycled Fibers

There’s a reason that the denim industry loves Kingpins and it’s not just the friendly, fun atmosphere or the range of international mills on display.  It’s the fact that the show’s organizers clearly care about the ‘customer experience’ they are offering visitors and exhibitors, and continue to finds ways to make each show just that much better – in ways that buyers and suppliers actually find meaningful.   Expanded trend displays an...
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Chinese Consumers: Young & Optimistic

Chinese Consumers: Young & Optimistic

China’s younger generation is facing the future full of optimism. Unlike their parents and grandparents, for whom saving was essential to ensure survival, this generation feels confident to loosen the purse strings and enjoy the good life a bit.While compared with Millennials in developed markets they are still very cautious spenders, young Chinese are becoming a growing force that will ultimately turn the nation from an export dependent economy to one that is powered by domestic consumer ...
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Why Rising Wages Are Not The Problem They Used to Be

Why Rising Wages Are Not The Problem They Used to Be

In early October, both Cambodia and Myanmar announced plans to raise their minimum wage in 2018. At the time, the usual rumors flared up that rising costs (wages) would make Southeast Asian nations uncompetitive.  Turns out, this might not be entirely true – at least not for all manufacturers.The Cambodia government agreed to raise the monthly minimum wage for workers in the country’s textile and footwear industry by 11 percent to US$170 from January 2018. The nation’s gar...
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Yak Prices Rise as Buyers Rush to this New Niche Fiber

Yak Prices Rise as Buyers Rush to this New Niche Fiber

Prices for animal fibers are putting pressure on suppliers as demand within in this sector continues to grow. Apart from wool prices, which have been rising due to strong demand from China, yak fiber prices also went up dramatically this year. Since January 2017, crude yak prices increased 100% within 8 months. During the same period, prices of yak down rose more than 70%. Yak has limited production and it’s not possible to increase the supply within a short period of time. Most yak f...
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Is China’s Urban Revivo the Next Zara?

Is China’s Urban Revivo the Next Zara?

Urban Revivo has proven that with the right products and the right strategy, anyone can succeed, even in the world’s most crowded market. French design, fast fashion speed, and Heian Home-style expansion are the keys to Urban Revivo’s strategy.The speed of Urban Revivo’s rise is almost miraculous. In just ten years, the company grew from nothing to China’s leading brand. UR was founded in Guangzhou in 2006 (formerly known as Urban Renewal), and by the end of 2016, the com...
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Collaboration with Ruyi Helps SMCP Back on Its Feet

Collaboration with Ruyi Helps SMCP Back on Its Feet

French fashion conglomerate SMCP, which owns the brands Sandro, Maje, and Claudie Pierlot, has debuted on the Paris stock exchange after it posted strong global sales.The company has benefited greatly from its collaboration with Chinese textile giant, Shandong Ruyi Group.  Shandong Ruyi acquired the SMCP last year for around US$1.5 billion including debt. Apart from the capital infusion, the acquisition helped to place SMCP firmly on the China retail scene, which ultimately turned the fate ...
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5 Things We Expect During This Year’s Singles’ Day

5 Things We Expect During This Year’s Singles’ Day

Last year, Alibaba’s Tmall and Taobao Platform Singles’ Day recorded RMB120.7 billion (US$18.11 billion) in sales on Singles’ Day, up 32.3% from 2015’s RMB 91.2 billion (US$13.68 billion). Industry watchers are expecting Singles’ Day sales this year to increase 25% over 2016’s figure to RMB150 billion (US$22.5 billion). Despite the continual growth and massive transaction volume, annual growth rates are starting to slowdown. By 2019, the total transaction value is likely to exceed RM...
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Mills Pour More Investment in Vietnam

Mills Pour More Investment in Vietnam

The abrupt end to the Trans Pacific Partnership Agreement (TPP) negotiations doesn't seem to have had much impact on Vietnam. The country is still on a fast growth trajectory as orders and foreign investments continue to pour in and mills are confident in the future outlook of the country’s textile and garment industry.“We haven’t seen any order leaving Vietnam because TPP was off the table,” said Tina Lee, deputy general manager at Huafu Top Dyed Mélange Yarn ...
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Volume Orders Find a New Home in Vietnam

Volume Orders Find a New Home in Vietnam

While the Chinese suppliers are being forced to cater to smaller orders and move up the value chain, Vietnamese suppliers are happily picking up the big volume orders from China. “This years business is much better than last year since we are seeing buyers move their orders from China to Vietnam. In the past few months, at least 10 buyers have placed test order with us. If the tests go well, they’ll stay with us and run bigger programs,” Truong Thi Minh Hau, merchandise manager at Vinatex,...
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