Posted in

Bangladesh RMG sector’s local value addition up 3.66%: Bangladesh Bank

In the second quarter (October-December) of the current fiscal year, the local value addition in Bangladesh’s readymade garment (RMG) sector increased by 3.66 percentage points compared to the corresponding quarter of the previous fiscal year. Despite this, the sector experienced a 7.46 per cent decline in export earnings during the same period, alongside a 17.93 per cent reduction in the cost of raw material imports, as per a quarterly review report by the Bangladesh Bank, the country’s central bank. The report disclosed that the import value of raw materials for garments totaled $3.37 billion in October-December of FY24, while RMG…
Posted in

Textile Shows Draw Quality-Minded Attendees for SS2025

Downtown Los Angeles’ textile-event roster is expanding from more-than-30-year veterans LA Textiles at the California Market Center to additional productions—The Textile Show at the Cooper Design Space, The Fabric Show Los Angeles at The New Mart and A Fabric Affair at 212 E. 8th St. The Spring/Summer 2025 shows, which were held Feb. 27–March 1, were conveniently hosted within less than a quarter of a mile from one another in the city’s fashion district. LA Textile promotes collaboration During its Feb. 28–March 1 run, LA Textile welcomed attendees to the CMC for sourcing, networking and educational seminars. At the Nelly…
Posted in

Walmart, unspun partner on 3D fabric weaving technology

Walmart is kicking off a pilot project with unspun, a fashion tech company using the world’s first 3D weaving technology. If successful, the collaboration could help reduce the environmental impact of garment production, offer a more sustainable process to meet apparel demand and support the companies’ shared commitment to shift more textile manufacturing back to the United States. Out of its micro factory in Oakland, Calif., unspun claims its technology is designed to more quickly and efficiently transform yarn into garments. The pilot project directly addresses concerns about waste in the apparel industry—a significant global challenge—driven primarily by fabric loss…
Posted in

NRF’s Holiday Retail Sales Fall in Line With Predictions

Christian Chensvold, Associate Editor | Friday, January 19, 2024 Whether or not you have champagne on New Year’s Eve, there was reason to celebrate the close of 2023, according to retail-sales figures released today by the National Retail Federation. According to the NRF, which defines the holiday season as Nov. 1–Dec. 31, core retail sales (not including expenditures on automobiles and restaurants) during the 2023 holiday season grew 3.8 percent over 2022 to a record $964.4 billion, despite continued inflation and high interest rates. Holiday sales at clothing and accessory stores were up 3 percent, while sales for the full…