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        • The global custom t-shirt printing market size is anticipated to reach USD 9.18 billion by 2030, exhibiting a CAGR of 9.9% from 2022 to 2030, predicts Research and Markets.Increasing preference for fashionable, customized, and unique clothing, as well as rising disposable income within the young population, are major factors driving demand for custom t-shirts worldwide.Customized t-shirts are primarily targeted toward the young population as these t-shirts allow them to design a t-shirt matching
        • A study by US consultancy firm Bain & Company commissioned by Italy’s Altagamma association of high-end producers has found that luxury spending is growing faster than ever due to pent-up pandemic demand and shifting demographics. Global sales of personal luxury goods are expected to grow by 22 per cent this year to €353 billion from €290 billion in 2021.US sales are projected to hit €113 billion this year, while Europe is the globe’s second-largest market at €94 billion euros in sales.Young
        • Euro area and the European Union’s (EU) seasonally adjusted volume of retail trade grew by 0.4 per cent in September 2022, compared with August 2022, according to estimates from Eurostat, the statistical office of the EU. As compared to September 2021, the calendar adjusted retail sales index in September 2022 decreased by 0.6 per cent in the euro area and by 0.3 per cent in the EU.In August 2022, the retail trade volume remained stable in both the euro area and the EU.For both euro area and the
        • Global Fashion Group (GFG), the leading online fashion and lifestyle destination in growth markets, has reported a revenue growth of 6.7 per cent to reach €276.2 million in the third quarter (Q3) of fiscal 2023 (FY23). The company has also reported stable adjusted EBITDA margin and 2 per cent Net Merchandise Value (NMV) growth despite challenging market conditions.The company’s marketplace NMV achieved 32.5 per cent share of total NMV compared to 36.2 per cent in Q3 FY21. Its gross margin reache
        • German fashion brand Hugo Boss has raised its outlook for fiscal 2022 (FY22) and expects sales to grow between 25 and 30 per cent to a record level of between €3.5 billion and €3.6 billion. It expects EBIT to increase between 35 and 45 per cent. In the third quarter (Q3) of FY22, the company’s currency-adjusted group sales increased by 18 per cent year-over-year and 27 per cent compared to 2019 levels.Momentum in brick-and-mortar retail accelerated in the third quarter, rising by 25 per cent com
        • Around 15% of global fashion consumers are already highly concerned about sustainability and consistently make purchasing decisions to reduce their impact. This percentage could increase to over half of the fashion consumer in the coming years as more buyers gravitate towards sustainable practices.Figure: WWF published report showed that 15% of global fashion consumers are already highly concerned about sustainability.Recently, a report titled, ‘How Brands Can Embrace the Sustainable Fashion Opp
        • As the World Cup only a month away,Louis Vuittonhas unveiled an exclusive capsule designed especially for the highly-anticipated quadrennial footballing event.Figure:Louis Vuittonhas unveiled an exclusive capsule designed especially for the highly-anticipated quadrennial footballing event.Since 2010, Louis Vuitton has provided the travel trunk for the FIFA World Cup Trophy, they unveiled their first leather goods collection in celebration of the last tournament in 2018.For the2022 FIFA Worldseri
        • Tencel fibre brand partnered with the Fashion Design Council of India (FDCI) to present Indian fashion designer Anju Modi’s Damayanti collection at the Lakmé Fashion Week. The event took place at the Jio World Convention Centre, located in the heart of Mumbai’s business district, Bandra Kurla Complex.Inspired by the ethereal paintings of Indian artist Raja Ravi Varma whose muse was Damayanti,Modi’s look for the show reflected the western techniques and styles that were pioneered by the artist as
        • The fashion industry has long been criticized for its tendency to discriminate and make people feel excluded. It’s a sector that has generally promoted a certain body type to the detriment of many. Disrupting this status quo of the fashion industry to make it more inclusive, diverse and sustainable, Amsterdam-based Lalaland has come up with an AI-powered fashion model concept.Figure: Lalaland has come up with an AI-powered fashion model concept. Courtesy: lalaland.aiPhysical clothing results in
        • Fashion Impact Fund hosted a luncheon for the United Nations Conscious Fashion and Lifestyle Network on the occasion of the 77th Session of the UN General Assembly. United Nations Conscious Fashion and Lifestyle Network is an online Platform for industry, media, governments and UN system entities to showcase the inclusive and transformative collaboration of global stakeholders to drive work within the fashion and lifestyle sectors using the Sustainable Development Goals as a guiding framework.Fi
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