Changing nature of lifestyle is bringing in a sea change in the hosiery industry. Indians spend approximately USD27 a year for clothes, of which hosiery accounts for 0.9%. France, which makes just 1% of the global population, spends USD547 on clothes of which 6.3% is on hosiery.
The notification issued by the Government of India earlier this month for allowing up to 100 percent foreign direct investment (FDI) in single brand retail puts a condition of 30 percent sourcing from local small and medium enterprises, in case of foreign investment exceeding 51 percent.
The 30 percent sourcing clause is likely to pose hurdles for foreign apparel retailers wanting to enter the Indian market. Several well-known brands like Abercrombie, Prada, GAP and Hennes & Mauritz are eager to open their outlets in India on their own.
Some global retailers who are already present in India may now look forward to increase their share in the Indian market. These include brands like Christian Dior, Zara, Canali, Louis Vuitton, Jimmy Choo and Marks & Spencer.
Speaking to fibre2fashion, Ms. Anku Nath, Director (Trade Policy Advocacy) at the US-India Business Council (USIBC), said, “The relaxation of FDI cap in any sector can be expected to attract additional investment, technology and expertise from global firms, and the same holds true for India’s apparel sector.”
Analysing the impact of the new policy on Indian apparel sector, she says, “Though it is difficult to predict the exact implications of the recent increase in FDI limits for the single-brand retail sector, we expect that global apparel companies will consider setting up or expanding their existing operations in India. Investors will find a skilled workforce to staff operations and a rising middle class of consumers eager to purchase their goods. India’s apparel sector stands to benefit as investment and world-class technologies are incorporated into new operations.”
For more details please visit : Foreign apparel retailers wary of 30% sourcing clause @ fibre2fashion
Macy's continues to show its love for the American Heart Association's Go Red For Women movement and will commemorate American Heart Month with the annual Wear Red Sale, a collection of exclusive red dresses designed to benefit the cause, red-inspired in-store events, and a heartfelt social media campaign. As a founding national sponsor of the movement, Macy's has raised more than $28 million for Go Red in the fight against heart disease.
Building on the success of last year's "Go Red Dress" by I-N-C International Concepts, American Heart Month in 2012 will prove to be more fashionable than ever with the addition of exclusive red dresses from Alfani, Charter Club and I-N-C. The red dresses will be available in select stores and at macys.com in time to celebrate National Wear Red Day on Friday, Feb. 3, 2012.
"At Macy's, we stay committed to the cause and take our role as national sponsor of the Go Red movement to heart. From the in-store experience with exclusive fashions and events, to social media campaigns, we are always striving for fresh and innovative ways to raise funds and to motivate and educate our customers and associates on the importance of heart-healthy lifestyles," says Martine Reardon, Macy's executive vice president of Marketing."
For more details please visit : Macy’s supports Go Red for Women movement @ Fibre2fashion
The Royal Bank of Scotland (RBS) has withdrawn from the talks to rescue UK’s retail fashion clothing chain Peacocks, putting around 13,000 jobs on stake.
Peacocks started in 1884 as a ‘penny bazaar’ and now operates over 700 outlets in the UK and abroad.
Withdrawal of the RBS from negotiations has compelled the retail chain to declare that it would place itself under administration if it does not get new investors within the next 10 days.
RBS withdrew from the talks with the directors of the retail firm after not agreeing to settle the retailer’s debts against a stake in the business.
The retailer was trying to agree on new terms for £ 240 million of its £ 600 million debt. Peacocks owes over £ 100 million each to the RBS and Barclays.
While RBS has opted to withdraw from talks aimed at reworking the debt, Barclays has shown its readiness to support the retailer’s revival, mainly swayed by the encouraging trading figures that the retail chain has posted over the past some time.
For more details please visit: RBS opts out of saving UK apparel retailer Peacocks @ Fibre2fashion
The Lisamichelle Collection, a Los Angeles-based line of women's contemporary clothing and accessories, recently presented a new Spring 2012 collection at Runway Magazine's fashion show event at Drai's in Hollywood.
Inspired by the glamour and sophistication of the 1920's, the line includes styles ranging from feminine, draped, silk jersey cowl necked tops and dresses that can be worn in different ways, to flirty charmeuse pant jumpsuits, layered with jeweled and embroidered accessories.
"I wanted to focus on unique fabrications and artistic materials," Lisa Felsenthal, the collection's creative director, said. "Mixing materials like stained glass metallic jacquard, hand painted silk chiffon, and stone-encrusted trims, allow the collection to be truly unique and each piece to stand alone as a special item."
Lisa was inspired by twenties era flappers and art deco architecture. "I started to experiment with opposites and found that a beautiful story took shape. Chains complemented chiffon, sparkling jewels enhanced dark gemstones, and even embroidery took a new turn, when metal replaced thread on our embroidered belts. The new collection is meant to be playful, feminine and versatile." To bring the contrast of elements to the next level, photographer and former Heatherette designer, Traver Rains, shot the new look book at an architecturally modern house in the Hollywood Hills.
For more details please visit : 1920's Art Deco glamour inspires Lisamichelle for Spring @ Fibre2fashion
The Canadian Apparel Federation (CAF) is working to help Canadian fashion exporters launch their lines in Europe. CAF is working with a marketing consultant to help arrange meetings between Canadian firms and agents/distributors in the UK (London and Birmingham) and in Germany (Dusseldorf).
These meetings are intended to coincide with market weeks/trade shows.
The program for Dusseldorf coincides with the CPD Signature show/market week, Feb. 4 to 6, 2012. For the UK, the program coincides with Moda UK (Birmingham) Feb. 19-21, 2012 and the Pure London trade show (Feb. 12-14, 2012). Services to exporters include the following:
• Planning of meetings with qualified sales / distribution organizations
• Advice and recommendations concerning market demands, line offerings and shipping and customs
• And more…
The Canadian Apparel Federation works to ensure that the industry's interests are taken into account.
For more details please visit : Canadian Apparel Federation supports new exports to Europe @ Fibre2fashion
If proper steps are not initiated to safeguard the domestic readymade garment (RMG) industry, the Bangladesh economy would be in trouble, Annisul Huq, President of SAARC Chamber of Commerce and Industry, has said.
Speaking at the inaugural ceremony of three international garment accessories and packaging fairs in Dhaka, he said the Bangladesh RMG industry employs about four million workers, with 90 percent of them being women. Thus, it is vital for the Government to safeguard the industry, he added.
The three international garment accessories and packaging fairs - Garmentech, Pacexpo and Yarn and Fabrics Sourcing Fair 2012 have been organized by the Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) in alliance with Zakaria Trade and Fair International and ASK Trade and Exhibition Ltd.
Finance Minister Abul Maal Abdul Muhith said he is proud of the domestic garment, garment accessories and packing industry, as several small and medium scale units of these industries have developed so well that they have stirred upgradation of the country’s RMG industry.
Packaging industry was non-existent in Bangladesh during 1970s, but today, garment accessories and packaging industry has great prospects, he said, and expressed gratitude towards the industrialists of this sector for their valued contribution to the country’s economy.
For more details please visit : Bangladesh govt must protect garment sector @ Fibre2fashion
The Indian government has formally issued a notification permitting 100 percent foreign direct investment (FDI) in single-brand retail, from the earlier policy of 51 percent.
Until now, global retailers owning a single-brand had to partner with an Indian entity, as the cap on foreign equity was 51 percent.
However a clause which makes it mandatory for retailers to source 30 percent of their products sold from the Indian small/village/cottage industries may not go down well with those global retailers either planning to hike or mulling new investments.
According to the government, this move will help attract investments in production and marketing and encourage sourcing of goods from India.
This decision however, has paved the path for 100 percent FDI in multi-brand retail in the near future.
Seattle-based Nordstrom Inc announced it plans to open a new Nordstrom Rack in Tysons Corner, Va. The approximately 42,000-square-foot, two-level store is scheduled to open during fall 2012.
Nordstrom Rack is the off-price retail division of Nordstrom Inc, carrying on-trend merchandise from Nordstrom stores and Nordstrom.com at 50 to 60 percent off original Nordstrom prices. Nordstrom Rack also offers a wide selection of apparel, accessories and shoes from many of the brands carried in Nordstrom stores. These items are purchased specially for Nordstrom Rack, with most at savings of 30 to 70 percent off.
The new store will be conveniently located off I-495 at Leesburg Pike (Route 7) near the intersection with Old Gallows Road, and across the street from Tysons Corner Center. Nordstrom Rack will open in the former Filene's Basement space and join tenants Morton's Steakhouse, Bertucci's restaurant and Bank of America in a 215,000-square-foot mixed-use project. The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing.
When it opens, the Tysons Corner Rack store will be the ninth in the Washington metropolitan region. Nordstrom also operates nine full-line stores in the area. In 1988, the retailer opened its first east coast full-line store at Tysons Corner Center, which then led to further national expansion. Since its opening, the Tysons Corner Nordstrom has remained one of the company's top-performing stores.
For more details please visit : Two-level Nordstrom Rack to open in Tysons Corner @ Fibre2fashion
Innovative Work Wear Apparel Maker Dickies has reached a new licensing agreement with Cordova, a leading manufacturer and marketer of personal protective equipment. The first line of Dickies-branded gloves from Cordova is expected to appear at participating retailers for the Fall/Winter 2012 season.
"We look to our licensees to leverage their best-in-class industry expertise to grow the Dickies brand in new categories and territories," states Matthew McCartin, vice president of marketing for Dickies. "This arrangement with Cordova will definitely accomplish that goal, and we look forward to working with them."
The agreement is the most recent to be added to the legendary work wear brand's extensive portfolio of licensees, providing consumers with both work wear and work-inspired lines including footwear, belts, socks, medical wear, headwear, sunglasses, kidswear, men's tops, junior girls apparel, bags and luggage; in addition to gloves.
"Cordova strives to provide customers with durable, dependable and high quality personal protective equipment. Dickies shares that mission, and we are honored to work with them," said Himanshu Varma, President, International Sourcing Co., Inc.
For more details please visit : Dickies inks gloves deal with Cordova @ Fibre2fashion
Undergarments
|
|
|
|
Bras, Vest, Under Wear, Brief, Boxer Shorts, Beach Wear, Panties, Bikini, Swim Wear, Lingeries, Camisoles |
T-Shirts
|
|
|
|
PoloT-shirts, Branded T-shirts, Printed T-Shirts, Ladies T-Shirt, Crew Neck T-shirt |
Ladies Wears |
|
|
|
Blouse, Chaniya Cholis, Dress, Kurta, Lingeries, Maternity Cloth, Salwar Kameez, Saree, Tops |
Denim Wear |
|
|
|
Denim Jeans, Denim Shirts, Denim Pants, Denim Skirts, Denim Jackets |
