Category: News

  • PVH Revenue Contracts By $783 Million In Q2

    PVH Revenue Contracts By $783 Million In Q2

    Though the second-quarter earning of PVH have shown a fall of 33% in YOY revenue , the company believes that it is a sign of recovery considering the previous quarter result.

    The 2nd quarter revenue exceeded the company’s expectations despite continued disruption from the COVID-19 pandemic, reflecting better than expected performance in all markets and channels. The company is expecting a still better third quarter after experiencing an encouraging trend in China and Europe . However, as per the company, North America business continues to experience pressure due to the resurgence of COVID-19 cases and the lack of international tourist traffic coming to the U.S.

    Before we go into deep dive of the Q2 results, here is the snapshot of Q2 earnings.

    Revenue Distribution – Brands

    Looking at the brand-wise revenue distribution, Tommy Hilfiger is leading the revenue chart with USD 803.7 million accounting for 50.4% of total revenue share. Calvin Klein with USD 590.5 million is the second in the revenue chart accounting for 37% of total revenue.
    Comparing the same period from the previous year, both brands Tommy Hilfiger and Calvin Klein have registered a massive fall of 28% and 32 % respectively. Overall, the total revenue contracted by 33% which amounted to a total revenue loss of $783 million.

    ParticularsQ2 | 2020 (Million USD)Q2 | 2019(Million USD)Change((Million USD)% Change
    CALVIN KLEIN590.5873.3-282.8-32%
    TOMMY HILFIGER803.71,110.20-306.50-28%
    HERITAGE BRANDS186.5380.7-194.2-51%
    TOTAL1580.72364.2-783.5-33%

    Revenue Distribution – Regions

    Calvin Klein

    Analysis of the regional distribution of revenue of Calvin Klein shows that revenue from the North America region saw a decline of more than 50% during Q2 2020, revenue fell from $408 million to a mere $199.7 million. Internationally, CK revenue witnessed a fall of 16%. Whereas in 2019 , the revenue from North American and International business was quite close , this time the international revenue is about double that of North American showing clearly that CK suffered more in US.

    ParticularsQ2 | 2020 (Million USD)Q2 | 2019(Million USD)Change((Million USD)% Change
    Calvin Klein North America199.7408.8-209.1-51%
    Calvin Klein International390.8464.5-73.7-16%

    Tommy Hilfiger

    The highest-grossing brand of PVH- Tommy Hilfiger has a similar story, its North American operation has also reported a fall of 51% in its revenue during Q2,2020 however internationally a decline of 14% was reported.

    ParticularsQ2 | 2020 (Million USD)Q2 | 2019(Million USD)Change((Million USD)% Change
    Tommy Hilfiger North America202413-211-51%
    Tommy Hilfiger International601.7697.2-95.5-14%

    Revenue Distribution – Channels

    Whole Sale Channel is beating the retail channel in terms of revenue distribution of Heritage Brands by big margins. Where Retail Channel contributed USD 34.4 Million, the wholesale channel of Heritage Brand contributed USD 152 million during Q2,2020 however both channels were hugely affected and down by 51% during this quarter ended on August 2, 2020.

    ParticularsQ2 | 2020 (Million USD)Q2 | 2019(Million USD)Change((Million USD)% Change
    Heritage Brand Whole Sale152.1310.6-158.5-51%
    Heritage Brand Retail34.470.1-35.7-51%

    The Company anticipates its second-half revenue and earnings will continue to be negatively impacted by the COVID-19 pandemic; while the Company expects revenue in the second half to decline approximately 25% compared to the prior-year period, it cannot provide more detailed guidance at this time due to the uncertainty related to the duration and severity of the pandemic.

  • How To Get Customer Orders During A Global Pandemic- A Session By Beau Lawrence

    How To Get Customer Orders During A Global Pandemic- A Session By Beau Lawrence

    Beau Lawrence- Founder Of Ace Rivington and Co-Founder Of Ace Gold Green, spoke about how can suppliers approach buyers during Pandemic for orders during the 1st edition of Denimsandjeans Virtual Show . It was an interesting talk which brought out some very interesting suggestions from him to the denim community to work upon. We thought it would be best to bring a transcript of the same. (you can check his video here )

    Beau Lawrence

    Hi Sandeep, nice to see you, first of all, I’d like to congratulate you and share how interesting the show format has been, the previous presentation you focused on post COVID sustainability, it’s incredible to see and hear insights from factory owners and suppliers especially from Southeast Asia, so congratulations to everybody. I’m honored to be a part of it, thank you.

    Sandeep Agarwal

    We are honoured to have you with us and i leave you with the audience so that you can share your thoughts.

    Beau Lawrence

    Wonderful, thank you again Sandeep and as you shared I’m Beau Lawrence founder of Ace Rivington and Co-founder of Ace Gold Green. For those who are not aware, Ace Rivington is a premium men’s and women’s denim brand based in Santa Barbara California. I also, work as a large-format private label supplier providing end-to-end supply chain solutions for brands looking outside of their offices for creative development support.

    I’ve been making products for big brands all over the world for about 20 years now, my career actually started in design back in 2000 where I was fortunate to be a part of the team that took the product from urban focus back into true jeanswear.

    After leaving GUESS I opened my brand Ace Rivington and I was fortunate to have not only the mayor of Santa Barbara for our ribbon cutting but also Adriano Goldschmied who joined me for the event along with Amy Leverton of Denim Dudes and Sylvia Armanceka in 2019. I was also very fortunate to be recognized by Sourcing Journal in their rivet 50 index for denim retailers focused on storytelling.

    As Sandeep shared, I’ve recently launched a special side project directly with Adriano Goldschmied called Ace Gold Green and we’re running live right now on Kickstarter with our type 1T. We’ve built this incredible product with Officina+39.

    Now, let’s come back to what the presentation is focused on-  how to get customer orders during a global pandemic and other times

    Let’s start with a story- So imagine it’s 6 p.m dinner time look at this picture everyone in this picture is smiling everyone seems happy that is the goal and you have to plan to achieve the goal, this is a challenge my wife and I face every night with our children what food will the kids eat, any parents out there understand that this is a real challenge is it option number one red lentil doll how about option number two fish and Chips maybe option number three macaroni and cheese or option number four rice if your kid wants red lentil doll and you give the kid red lentil doll the kid is happy if the kid wants red lentil doll and you give the kid fish and chips the kid is not happy.

    Let’s look at this picture one more time and let’s think about what’s really important in this photograph the only thing that actually matters is that mom is smiling, mom is happy because the kids are eating their food and that’s it who cares about dad, so I took a global look at this dinner topic my question was two friends in the world what country do you live in or live closest to America, India, Italy, England, and Mexico.

    From the list below what’s the number one food your kid would eat is rice macaroni and cheese fish and chips. What did I learn from this survey? I didn’t learn anything from the survey. Why not? I was hoping to see patterns. There are no patterns just because you’re from America doesn’t mean you like macaroni and cheese just because you’re from Mexico doesn’t mean you want rice and so on.

    I guess the doll kind of worked out in India a little bit. What this shows every family is different, every customer is different. Know your customer, don’t give them fish and chips if they want red lentil dolls there are no patterns – Know your customer. So that’s our kick off to how to get customer orders during a global pandemic and other times.

    What I won’t be teaching you in this presentation is nothing about shorter lead times improving your costing or making better quality products if you don’t already know those things you have bigger problems with your business.

    I’m going to share everything about serving the end consumer in an intelligent way for your business.

    In today’s reality , many of your old relationships and companies are gone. You’re not gonna get the same guidance you once did on the product needs of a brand it’s time for you to start looking at your business in a smarter service oriented way because you know what the orders aren’t going to magically show up in your inbox anymore what suppliers at every step of the cycle have to do is consider the consumer at the end of the cycle. 

    I call this circular design and the only aspect of sustainability that ties to circular is survival; you have to serve the end consumer understanding as suppliers. It’s not  your job only to serve the next purchaser in the path, it’s to serve the end consumer for today’s challenges. We’re not face-to-face where we’re not meeting face to face to look at product or to touch and talk about product and hand feel and fabric weights.

     We all know that and honestly there is no difference for the actual consumer who mostly is staying at home in general might be making purchases online. That’s where they’re buying digitally they’re just looking at product online, so for today’s opportunity you can change the way that you work an respectfully most of you are so excessive in the way that you build your new collections and assortments of new product-  STOP DOING THAT , just because you and your teams have checked all the boxes for trending words like sustainability or green organic it doesn’t mean what you have made is good or that the customer will even be interested in it.

    Slow down, look at your history, look at what has worked for you and your company,only do that but better there’s a way to make that product better for the fabric mills that are out there.

    Again consider your history look at your past and present customers and the future customers that you aspire to serve consider the DNA that your business was built from your most popular fabric qualities your most popular cast options consider where you want your business to go is there innovative technology or earth conscious strategies you’ve already invested in or that you’re thinking to introduce and with that combine what has worked with, where you want to go ,your core fabric constructions that your customers have bought make sense. 

    Can you offer them a more earth-conscious fabric finishing certified fibers and base denim color options that are easier to modify especially with technology? Don’t over complicate, remember if we use the extreme of online shopping, as the example, customers aren’t even touching the fabrics until it shows up in their homes if they’re loyal to the brand where they purchase their goods from, chances are they’re shopping the brands based on familiarity, make sure you’re offering them what they want and you have to ask yourself what do you want to be known for making it easy for your customers to understand and to buy -KNOW YOUR CUSTOMERS. For the factories and laundries again consider your history, your past and present customers, and the future customers you aspire to have how are you serving the business instead of waiting for customers to show up with tech packs.

    What happened in 2019? Did you get any reorders that year? Did any of the products that were originally placed for the same time in 2020 look like the successful products from the same shipping period of 2019?

    It’s not that hard, look at your history and do the work for your customers, provide more service for the top five best-selling products you sold in 2019. Have you developed them on the same fabrics in other color options for your customers? Do you have access to your customers website from your office? When was the last time you and your team had a meeting to review their best sellers online?

    It’s not that hard – know your customer for the brands there are things that you guys can do too and certainly, your day of accountability is here.  Honestly, I don’t care if you’ve got a billion-dollar business or a one million dollar business it’s all the same just extra zeros. Why do you need more then? Why do you need to introduce another dark clean wash this fall if the same one and the same fabric you ran last fall sold?

    l want to share a story , A french guy who owned a big company that I worked for a lot of years, there was a point where we had to take all of the products that we had ever produced or that were on the floor in our business within a year for all tiers of the business and all of the dark and the medium and the light washes were laid down together and what we were challenged with was why do you have this and this? 

    Does the customer really know the difference and that was an incredible experience to understand the importance of making sure you’re giving the customer a reason to buy everything they don’t duplicate and there’s no opportunity today to duplicate anything.

    Serve the brands with product in an incredibly focused way the mills the factories have to work for the brands and everybody has to work for the consumer.

    The main point is you don’t have to reinvent what’s already been done. Back to so from a consumer standpoint there we go, we all have to shop and I’m talking about you guys acting as consumers for the brand . Everybody all of us whether we’re the fabric mill whether we’re the the sewing factory the laundry the chemical supplier we all if we really want the business we all have to act as the brands and we all have to shop , I’m not saying we have to spend money, what I’m saying is we need to be familiar with what the brand is doing.  

    I understand globally there’s a challenge for visibility over websites we may not have access to the brands that we’re serving from our country through the internet where we do have access to instagram and I don’t care if you’re 60, I don’t care if you’re 70 and I don’t care if you’re 20. If you have a customer and you do not have instagram and you’re not paying attention to what they’re doing then you’re not knowing your customer, you’re not serving your customer .

     All of the talk about sustainable business development ,all these things there’s some simple steps that we can all take to know our customers more effectively if you do not have an instagram account set up one today, follow all of the customers that you serve or that you aspire to serve because you’re going to learn something about their business.

    That’s a big step, sign up for mailing lists if you have access to their website sign up for their mailing list be intimately familiar with what their pressures are and what the communication that they’re sharing to the consumer is because  what’s going to happen you’re going to get to know them better and you’re going to get to know what they want better believe it or not a tech pack showing up is not the same thing as receiving an email blast that some big customer just sent out you’re going to learn how they’re communicating with their consumer if you can get on that list. 

    So again follow instagram and don’t think that you’re not cool enough to be on instagram. We’re all cool enough to be on instagram so just get on instagram ,follow the brands, be a modern consumer you have to know your customer and it’s an incredibly challenging time obviously we have to be very nimble and flexible in the way that we approach business.

    If you don’t know your consumer intimately and if you can’t begin to actually show them that you’re thinking for them  someone else will .This is not 1985, you have to be innovative they need service and support , we all need service and support to be successful so for the same reason that we serve them, they serve the factories ,they serve the  mills with the orders that they place.

    Stop wasting energy and effort and focus where you can. That’s my big fancy presentation and what I do want to share is that from a sourcing standpoint again don’t give them fish and chips if they want red lentil doll.


    After the successful launch of its 1st edition of Denimsandjeans Virtual Show which concluded on July 23, Denimsandjeans announced the dates for its 2nd edition under a theme name- Cloud Sourcing. The show is scheduled for October 14-15 and will cover US, South America, and European times zones this time.

    To know more, log on to https://lnkd.in/e6Ht_qC or drop an email at info@denimsandjeans.com

  • Denim Fabric Import By Indonesia – July 2020

    Denim Fabric Import By Indonesia – July 2020

    In this report, we’ve listed the major denim fabric importers in INDONESIA for the month of July 2020 and analyzed the volume and average price along with the countries from where they are buying. The contents of this report are as below:

    PARTICULARS
    TABLE SHOWING THE DENIM SUPPLYING COUNTRIES TO INDONESIA ALONG WITH AVERAGE PRICE
    GRAPH SHOWING THE DENIM SUPPLYING COUNTRIES TO INDONESIA
    GRAPH SHOWING THE AVERAGE PRICE OF THE DENIM SUPPLYING COUNTRIES TO INDONESIA
    TABLE SHOWING THE TOP DENIM IMPORTING COMPANIES OF INDONESIA ALONG WITH AVERAGE PRICE
    GRAPH SHOWING THE TOP DENIM IMPORTING COMPANIES OF INDONESIA
    GRAPH SHOWING THE AVERAGE PRICE OF THE TOP DENIM IMPORTING COMPANIES OF INDONESIA
    TABLES SHOWING THE IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO INDONESIA ALONG WITH AVERAGE PRICE
    GRAPHS SHOWING THE IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO INDONESIA
    GRAPHS SHOWING THE AVERAGE PRICE OF IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO INDONESIA

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    COUNTRIES SUPPLYING DENIM FABRICS TO INDONESIA IN JULY 2020

    In the month of July 2020, Indonesia imported approx. 5.63 lacs meters of denim fabrics.

    CHINA is the biggest exporter of Denim Fabric to Indonesia with a total volume of about 3.79 lacs meters, which comprises a 67% share in total import of denim of Indonesia for July 2020.

    Hongkong with a 25% share is the 2nd largest exporting country to Indonesia during July 2020.

    Shipper CountryQuantityAverage Price($/Meter)
    China379,9593.37
    Hong Kong140,8772.73
    Japan1,1077.88
    Turkey41,6294.07
    Total5,63,5723.27

    TOP COMPANIES IMPORTING DENIM IN INDONESIA

    So far as the import of denim fabric by different companies are concerned, PT. Sandang Asa Maju Abadi and PT. Sai Apparel Industries are the two biggest importers of denim fabric in Indonesia with a total import of 3.03 lacs meter and 84,178 meters of denim fabric respectively.

    IMPORTERSQUANTITYAV PRICE($/METER)
    SANSAN SAUDARATEX JAYA, PT.58,4582.4
    SAI GARMENTS INDUSTRIES27,0822.61
    PT SANDANG ASIA MAJU ABADI303,2863.48
    PT SAI APPAREL INDUSTRIES84,1782.49
    TAINAN ENTERPRISES INDONESIA15,1503.89
    OTHERS75,4183.72

    PT SANDANG ASIA MAJU ABADI

    PT Sandang Asia Maju Abadi imported 3.03 lacs meter of denim fabrics during July 2020 and it got many suppliers on board. Out of many suppliers, Advance Denim from China emerged as the biggest supplier with the export volume of 153,375 meters and Upper Universe is the second biggest supplier from Hong Kong with a total volume of 74,304 meters.

    SUPPLIERSCOUNTRYQUANTITYAV PRICE($/METER)
    ADVANCE DENIM CO.,LTD.China1537533.75
    BLACK PEONY TEXTILE CO.,LTD.China18,721.003.41
    H.W. TEXTILES CO LTD.Hong Kong2,204.003.76
    SHAOXING GOOD FULL TEXTILE TECHNOLOGY CO.,LTDChina3,319.003.38
    UPPER UNIVERSE INDUSTRIAL LTD.Hong Kong74,304.002.93
    XINGTAI H AND J TEXTILES CO.,LTD.China31,726.003.49

    PT SAI APPAREL INDUSTRIES

    The total import of denim fabric made by PT Sai Apparel during the month of July’20 was 84,178 meters. Out of many Global Century from Hong Kong is the biggest supplier which supplied 51,688 meters of denim fabric at an average price of $2.21/m

    SUPPLIERSCOUNTRYQUANTITYAV PRICE($/METER)
    GLOBAL CENTURY (HK) LIMITEDHong Kong51,688.002.21
    JIANGYIN NEWKING TEXTILE CO.,LTDChina15,277.991.88
    WUXI JIAFANG TEXTILE FABRIC CO LTDChina15,599.223.72
    ZHEJIANG MIZUDA PRINTING AND DYEING DROUP HUZHOU IMP ANChina1,612.525.34

    SANSAN SAUDARATEX JAYA, PT.

    SUPPLIERSCOUNTRYQUANTITYAV PRICE($/METER)
    SHANDONG VIGOR TEXTILE AND GARMENT CO.,LChina58,458.472.40

    SAI GARMENTS INDUSTRIES

    SUPPLIERSCOUNTRYQUANTITYAV PRICE($/METER)
    CHANGZHOU DEYI PRINTING AND DYEING CO.,LTDChina270822.61

    As we see from the report, the imports of denim fabrics into Indonesia is not too high in July but has some decent quantities coming from China and HK. Indonesia itself has a good manufacturing base in denim fabrics and it is not easy for companies from other countries to compete here. However, it is to be noted that the average price of imports is quite high and shows that high quality fabrics are being imported .

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  • A Look At Zara’s New Men Denim Collection

    A Look At Zara’s New Men Denim Collection

    Zara , in its latest offerings, brings paint splattered , graffiti printed jeans and jackets for men under current pandemic conditions. Surely not a great innovation but a new offering anyways.

    RIPPED SKINNY CARROT FIT JEANS

    Cropped skinny jeans featuring a five-pocket design, faded effect with rips on the legs, turn-up hems, and front zip fly and metal top button fastening.

    RIPPED SKINNY JEANS WITH PAINT SPLATTER

    Faded skinny jeans with ripped details and paint splatters. Featuring a five-pocket design, frayed hems and zip fly and metal top button fastening.

    NEON PAINT SPLATTER SKINNY JEANS

    Skinny jeans featuring faded and ripped details, a contrast paint splatter effect, a five-pocket design, frayed hems, and a button fly.

    PRINTED DENIM JACKET

    Faded denim jacket featuring a shirt collar, long sleeves with buttoned cuffs, ripped detailing, graffiti slogan print and graphic print on the back, chest flap pockets, welt hip pockets and front metal button fastening.

    DENIM GRAFFITI JACKET

    Straight fit collared denim jacket with long sleeves, buttoned cuffs, an all-over graffiti-style print, faded and ripped-effect detailing, chest flap pockets, welt hip pockets and metal button fastening at the front.

    PAINT SPLATTER DENIM JACKET

    Collared denim jacket with long sleeves and buttoned cuffs. Featuring a faded effect with slogan and paint splatter print, contrast patch appliqués, chest flap pockets, welt hip pockets and metal button fastening on the front.


    Check out the latest developments and collection of Artistic Denim Mills Ltd, at our Digital Denim Sourcing Platform – DE BRANDS.

    To connect with Artistic Denim Mills Ltd, on the platform, please follow the links below:

    Buyer registration link – https://lnkd.in/gNdAj3v

    App Download Links :
    1. IOS Link -https://lnkd.in/gBRexsX
    2. Android Link – https://lnkd.in/g2bT6C9

    Web: www.de-brands.com

    For any query, please drop an email at info@denimsandjeans.com

  • A Talk With Elif  From Deridesen Etiket – A Turkish Accessory Company

    A Talk With Elif From Deridesen Etiket – A Turkish Accessory Company

    DERIDESEN is a leading leather label supplier of the denim market in Turkey. DERIDESEN is a well-known and experienced label manufacturer, based in Istanbul since 1969.

    DERIDESEN, which makes different kinds of labels such as real leather, fake leather, recycled leather, jacron labels, hangtags, printed fabrics labels, heat transfer labels, heat seal labels, security labels, care labels, rubber labels & printings from conventional to most advanced ones with over 150 employees, is the main label supplier of the well-known global brands for many years.

    We’ve had a brief Q&A with Deridesen where we tried to get perspective of the accessories industry in Turkey and how they are trying to cater to sustainability requirements in this segment by buyers around the world.

    Elif Sertkaya
    Owner – Deridesen Etiket

    What do you think makes Deidesen different from other accessory companies. 

    We can mix and match different techniques, we are so flexible and fast. We can offer quality & prices according to customer needs.

    You are already working on sustainable accessories. Are you following any particular standards for the same? 

    Yes, we follow several standards such as Oeko-Tex, GRS, FSC, HIGG Index etc.

    What are your best selling products?

    Our best selling products are chrome-free real leathers, silicon & TPU badges, and heat transfers. The new collection can be checked here .

    Some of the products by Deridesen are as follows :
    1. GRS Certificated Recycled Leather
    Bonded leather is a material consisting of leather fibres and binders. It has a leather fibre content of at least 50%. This item has GRS Certification.

    2. Ecofriendly Silicone Labels
    These labels are PVC free and PTH free. It is available in any colour.

    GRS Certificated Recycled Leather
    Ecofriendly Silicone Labels

    What changes do you see in the requirements of buyers in recent times and how you have adjusted to them?

    We see that digitalization will be more important. We are adjusting ourselves to be more digital, we presented our latest collection in digital format, we have started offering samples in digital to our customers and even getting approvals in this format – see here .

    https://www.instagram.com/p/CDOd8VqD0Xd/

    Need more info. on their products ?

    Get in touch with them at merve.polat@deridesen.com.tr

    Website – http://deridesen.com.tr/
    Instagram – https://www.instagram.com/deridesenlabel/?igshid=1f66by9j8b4s0
    LinkedIn – https://www.linkedin.com/company/fashion-accessories-india-pvt-ltd-/

  • 34% Fall In Ethiopian Jeans Export During April-June’20

    34% Fall In Ethiopian Jeans Export During April-June’20

    Ethiopian Textile & Apparel industry has been one of the most promising sourcing destinations for the last few years. The country has a target to generate 30 billion U.S. dollars in export from the textile and apparel sector by 2030, according to Bogale Feleke, Ethiopian Deputy Minister of Industry.

    However, COVID 19 didn’t leave Ethiopia also, the country which is already battling with many issues including poverty has been hit very hard by COVID. Due to the global slowdown in buying, it’s manufacturing also severely affected due to this.

    In this report, we have done a detailed analysis of leading denim exporters from Ethiopia and also the buyers who are importing these jeans from Ethiopia for April- June’20.

    PARTICULARS
    Table And Graphs Showing Leading Exporting Destinations For Denim Apparel From Ethiopia during April-June’20
    Pie Chart Showing The % Share Of Countries In The Total Exports Of Ethiopia during April-June’20
    Table And Graphs Showing Leading Exporters Of Denim Apparel From Ethiopia during April-June’20
    Pie Chart Showing The % Share Of Countries In The Total Exports Of Ethiopia during April-June’20
    Table And Graphs Showing Buyers Of Denim Apparel From Ethiopia during April-June’20

    [private_special]

    Disclaimer : The data for this report has been taken from some sources including customs etc. But we believe this data does not cover the entire exports from Ethiopia as all data has  not probably been captured. This report , however, gives a good representation of the exports taking place from this country.

    1. Top Export Destinations

    The United States with a 93% share in the total denim exports by Ethiopia ranked #1 during April-June’20. Out of total exports of 1.34 million units, the United States imported 1.25 million pcs. Canada is at #2 with a 4% share and it has imported 48,747 pcs of denim. Other countries including Spain, Germany, and Malaysia had also imported the denim from Ethiopia however the volume is not that high.

    Buying CountriesGarments(Unit)Avg. Price($/Unit)% Share
    Canada48,7471.474%
    Germany2,6535.520%
    Malaysia13,6231.411%
    Spain26,0301.572%
    United States12,56,5611.6793%
    TOTAL13,47,6141.66100%

    2. Top Denim Exporters

    Ethiopia has 6 major denim exporters which contributed more than 99% in the total denim exports during April-June’20 and they are Epic Apparel (30.59%), Ashton Apparel(15.52%), Indochine Apparel (11.03%) and Arvind Lifestyle Apparel (16.64%), and KGG Garments(15.16%).

    ExportersJeans Export(Unit)Avg Price($/Unit)% Share 2020
    ARVIND LIFESTYLE APPAREL MANUFACTUR2242341.2816.64%
    ASHTON APPAREL MANUFACTURING P.L.C2091471.3515.52%
    EPIC APPAREL PLC4122061.4430.59%
    INDOCHINE APPAREL PLC1485974.7311.03%
    KGG GARMENTS PLC2043481.3415.16%
    SHINTS ETP GARMENT P.L.C69317.670.05%
    VELOCITY APPARELZ COMPANIES PLC1483890.6211.01%
    TOTAL13476141.66100.00%

    EPIC APPARELS

    The Children’s Place is the sole buyer for EPIC Apparels, Jeans have been exported at an average price of $1.44/unit.

    BuyerJeans(Unit)Avg Price($/Unit)Country
    THE CHILDREN’S PLACE SERVICES CO4,12,2061.44United States, Canada, Malysia

    ARVIND LIFESTYLES

    The Children’s Place is the primary buyer of Arvind Lifestyle which bought approx. 1.95 lacs units of Jeans during April-June’20 at an average price of $1.18/unit.

    BuyersJeans(Unit)Avg Price($/Unit)Country
    CAC EL PRAT DE LLOBREGAT26,0301.57Spain
    H&M HENUS & MAURITZ .2,6535.52Germany
    THE CHILDREN’S  PLACE SERVICES COMPANY ,L.L.C1,95,5511.18United States, Canada, Malysia

    ASHTON APPAREL MANUFACTURING P.L.C

    BuyersGarments(Unit)Avg Price($/Unit)Country
    THE CHILDREN’S  PLACE,2,09,147.001.35United States, Canada, Malysia

    INDOCHINE

    BuyersGarments(Unit)Avg Price($/Unit)Country
    PVH CORP 21,855.009.74United States
    THE CHILDREN’S PLACE1,26,742.003.86Canada, United States

    VELOCITY APPARELZ COMPANIES PLC

    BuyersGarments(Unit)Avg. Price($/Unit)Country
    THE CHILDRNS PLACE 1,48,3890.62United States

    KGG GARMENTS PLC

    BuyersGarments(Unit)Avg. Price($/Unit)Country
    THE CHILDREN’S PLACE2,04,3481.34United States

    Comparison: April- June’20 V. 2019

    There has been a fall of 34% in the jeans exports of Ethiopia during April-June’20, last year for the same period the total exports were 2.04 million pcs which fell up to 1.34 million pcs this year. The primary reason for such a fall is COVID 19.
    A change in the overall export share of Ethiopean reporters has been also observed within a year of time. Ashton Apparel which was the largest exporter last year has been overruled by EPIC Apparels which rose from 9% to 30% this year while Ashton lost more than half of its share in 2020.

    Indochine also witnessed a substantial fall from 23% to 11% this year.

    ExportersJeans Export(Unit)% Share 2020Jeans Export(Unit)% Share 2019
    ARVIND LIFESTYLE APPAREL MANUFACTUR22423416.65%31686215%
    ASHTON APPAREL MANUFACTURING P.L.C20914715.53%68072533%
    EPIC APPAREL PLC41220630.60%1877889%
    INDOCHINE APPAREL PLC14859711.03%47191423%
    KGG GARMENTS PLC20434815.17%607203%
    VELOCITY APPARELZ COMPANIES PLC14838911.02%19961410%
    OTHERS6930.05%1292557%
    TOTAL1346921100.00%204687893%

    [/private_special]

  • Denim Cloud Sourcing ! – Denimsandjeans Announces 2nd Edition Of Virtual Show

    Denim Cloud Sourcing ! – Denimsandjeans Announces 2nd Edition Of Virtual Show

    After the successful launch of its 1st edition of Denimsandjeans Virtual Show which concluded on July 23, Denimsandjeans announced the dates for its 2nd edition under a theme name- Cloud Sourcing. The show is scheduled for October 14-15 and will cover US, South America, and European times zones this time.

    The last virtual show had over 43 denim companies around the world including companies like Arvind, Artistic Milliners, Raymond, Kilim Denim, Garmon, Jeanologia, Tonello, Officina+39, LNJ , Artistic Garment, Wiser Globe/Wash, Deridesen , Artistic Fabric Mills, Blue Diamond, Prosperity and many other companies which showcased their latest developments and collections for AW 21 seasons.

    The show threw light on the recent developments and innovations through its talks and discussion. Over 12 sessions were held at the show and the reputed denim experts including Adriano Goldschmied, Stefano Aldighieri, Maurizio Donandi, Beau Lawrence, Jean Hegedus, Lucia Rosin, and Dr. Naresh Tyagi graced the show with their presence. You can watch all the sessions at Denimsandjeans Official Youtube channel, the link is here- https://www.youtube.com/user/denimsandjeans/videos

    The 1st edition of Denimsandjeans Virtual Show was one of its own kind of shows and it has received very encouraging feedback from the denim community. This time the show comes with new features and would be more user friendly. The time zone selected this time means the focus would be more on USA , South American and EU customers this time. However, it does not mean that Asia would be ignored. The show will be much longer this time and give at least 4-5 hours to Asian customers as well . The exact timings will be shared shortly.

    Denim Cloud Sourcing, a new term coined by Denimsandjeans through its theme is an extension to digital sourcing. The Apparel Industry per se has been following the conventional sourcing techniques for fabric and other auxiliaries selection . However limitation caused by COVID 19 pushed the industry to think over on the alternatives.

    We ,as Denimsandjeans, have always believed that digital marketing and sourcing will play a very important role in our industry and therefore had started to work on digital platforms since 2017. Last year only we launched our DE-Brands platform – which is online B2B marketplace which is gaining strong traction with over 48 global supply chain companies already a part of it with a number of buyers joining regularly.

    Virtual trade shows are again an important innovation and the industry has also started to adapt itself accordingly considering its relevance in the given situation. Buyers as well as the Suppliers would also like to have a real-time face to face discussions during the product selection process so that technicality and other ingredients of fabric/product could be easily understood and explained. Our increased strength in digital arena enables us to combine more technologies this time to enable a better user experience both for exhibitors and visitor.

    The 2nd edition of Denimsandjeans Virtual show – Cloud Sourcing offers all such benefits to the users in the simplest way. Being a boutique and niche kind of b2b virtual trade show, a limited number of suppliers from around the globe will be invited to showcase their products. Buyers primarily from the USA and Europe will join the show besides from some other locations whereas we see increased participation from South American regions as well .

    For more details, you can email at info@denimsandjeans.com or log on to www.virtual.denimsandjeans.com

  • 73% Of Colombian Denim Imports Comes From India In May 2020

    73% Of Colombian Denim Imports Comes From India In May 2020

    The growth trend of India is at a great pace, after successful March & April’20, India showed encouraging trend in the month of May’2020 in the Colombian Denim Imports. India once again beat other countries during the pandemic times to be the largest exporter of denim fabrics to Colombia during May 2020.

    We analyze the same in this report besides listing major denim fabric importers in COLOMBIA during May 2020 and analyzed the volume and average price along with the countries from where they are buying. A comparison of the import trend for March-May’19 and March-May’20 has been also made. The contents of this report are as below:

    Particulars
    Tables and Graphs Showing Leading Denim Exporting Countries To Colombia During May 2020
    Table And Graphs Showing Leading Denim Importing Companies Of Colombia During May 2020 and their details
    Table and Graphs Showing Denim Exporting Companies to Top Denim Importing Companies Of Colombia During May 2020
    Table and Graph Showing 2020 V. 2019 Comparative Analysis on Import Trend

    TOP COUNTRIES SUPPLYING DENIM FABRICS TO COLOMBIA

    [private_special]

    In the month of May 2020, Colombia has imported approx. 2.40 million sqm of denim fabrics.

    With 1.75 million sqm of denim fabric export, India strongly positioned itself as #1 exporter to Colombia during May 2020 however CHINA, which happened to be the biggest exporter of Denim Fabric to Colombia, continues to lose its share and now with 15% share, it is at #2 during May’20.

    China exported 3.49 lacs sqm of denim fabrics at an average price of $1.6/sqm.

    (Note: this data has been captured from various govt organizations including customs. the actual imports are likely to be higher than this figure .)

    CountryQuantity (SQM)Av Price($/Sqm)% Share
    Brazil45,677.091.352%
    China3,49,226.011.615%
    India17,56,616.961.1573%
    Pakistan66,534.191.323%
    Turkey42,041.153.912%
    United States40,638.861.412%
    Venezuela1,01,672.681.294%
    Total24,02,406.941.28441987100%

    As far as the average price is concerned, India’s average price turned to be the most competitive amongst all at $1.15/sq mtr. Turkey exported the fabric at the most expensive average price of USD 3.91/Sqm.

    India is at #1 with 72.3% share and China slipped to #2 with a substantial fall and its share reached up to 14.9%, 10 % down from March-April’20.

    TOP DENIM IMPORTING COMPANIES OF COLOMBIA

    So far as the import of denim fabric by different companies are concerned, JOHN URIBE and COMERCIALIZADORA SADA are the biggest importers of denim fabric into Colombia with the total import of 0.53 million sqm and 0.47 million sqm of denim fabric respectively. JOHN URIBE is the buyer which has imported the denim fabrics at the most expensive average price i.e., $1.46/sqm even though being the biggest importer.

    ImportersQuantityAv Price
    JOHN URIBE E HIJOS SA535,6901.46
    COMERCIALIZADORA SADA SAS476,5101.21
    COMERTEX SA462,7971.13
    COLTEANTIOQUIA SA222,1281.22
    TRAMAS COLOMBIA INTERNACIONAL SAS206,4211.13
    SURTIJEANS SA127,9761.16
    POLJEAN SAS101,6721.29
    OTHER269,2041.57

    JOHN URIBE E HIJOS SA

    The total import of denim fabric made by JOHN URIBE during the month of May’20 is 5.35 lakhs sqm. Out of many RB Industries from India is the biggest supplier which supplied 178,009 sqm of denim fabric at an average price of $1.15/sqm

    SUPPLIERSQUANTITYAverage Price
    INDIGO TEXTILES (PVT) LTD15,6971.56
    ORTA ANADOLU TICARET VE SANAYI ISLETMESI T AS30,5813.69
    RB INDUSTRIES178,0091.15
    S M TRADERS35,8371.19
    SANKO TEKSTIL ISLETMELERI SAN VE TIC AS11,4604.52
    SIGNET DENIM PVT LTD103,2810.99
    SUPER GOLD SUITINGS PVT LTD6,7111.33
    WINWIN TEXTILE CO LTD1,7502.48
    ZHEJIANG TENGMA TEXTILE CO LTD152,3640.59
    TOTAL535,6901.47

    COMERCIALIZADORA QUANTTO SA SOCIEDAD ANONIMA COMERCIAL

    COMERCIALIZADORA imported 435,872 sqm denim fabric during May 2020. Major of the fabrics were supplied from BLUE HALO from Portugal at an average price of $1.19/Sqm

    SUPPLIERSQUANTITYAverage Price
    BLUE HALO SA435,8721.19
    BAKER TEXTILES REGD40,6381.41
    TOTAL476,5101.21

    COMERTEX SA

    SANGAM INDIA LTD emerged as one of the biggest suppliers to COMERTEX during May 2020, the company supplied 3,83 lacs sqm of denim fabric at an average price of $1.09/sqm.

    SUPPLIERSQUANTITYAverage Price
    SANGAM (INDIA) LTD383,2871.09
    S M TRADERS15,0001.39
    GINNI INTERNATIONAL LTD64,5101.28

    COLTEANTIOQUIA SA

    COLTEANTIOQUIA imported 222,128 sqm of denim fabrics during May 2020, most of the fabric exported by SAR DENIM PVT LTD. SAR DENIM exported 113,031 at an average price of $1.2/sqm.

    SUPPLIERSQUANTITYAverage Price
    VINOD DENIM LTD45,5401.31
    SAR DENIM PVT LTD113,0311.2
    DHARMSHIL INDUSTRIES PVT LTD63,5571.18

    TRAMAS COLOMBIA INTERNACIONAL SAS

    The company has bought all its denim from Loyal Kingdom Corp from Panama which supplied fabrics at an av. price of $1.13/sqm

    SUPPLIERSQUANTITYAverage Price
    LOYAL KINGDOM CORP2,06,4211.13

    2020 V. 2019 Comparative Analysis on Import Trend

    The COVID affect looks very apparent once we analyse the import figures of Mar-May for both the years. In 2020, Import witnessed a fall of approx. 49%, meaning the business is slashed by half due to global lockdown and restricted movement.

    However, one more important outcome of this analysis is that, China has been losing its share to Colombian Denim Export very brutally. China’s share has taken a toll, a total fall of 77% within a year is massive. China’s loss became India’s gain and the country managed to increase its penetration from 25% to 60% within a year.

    All the other countries have experience the substantial fall in their share with India being a sole exception.

    CountryQuantity( Mar-May’20)%Quantity( Mar-May’19)%% Change ( 2020 V. 2019)
    India489681860%399081325%23%
    China179402822%769443848%-77%
    Mexico3635664%7617355%-52%
    Brazil3688475%8519755%-57%
    Pakistan2060343%9211356%-78%
    Venezuela2221323%5843354%-62%
    United States1123361%1986341%-43%
    Others2051843%8660175%-76%
    Total8168945100%15869082100%-49%

    [/private_special]

  • Denim Imports By Chile During March-June 2020

    Denim Imports By Chile During March-June 2020

    In this report, we’ve listed the major denim fabric importers in Chile for March-June,2020, and analyzed the volume and average price along with the countries from where they are buying. The contents of this report are as below:

    PARTICULARS
    TABLE SHOWING THE TOP DENIM SUPPLYING COUNTRIES TO CHILE ALONG WITH AVERAGE PRICE AND % SHARE
    GRAPH SHOWING THE TOP DENIM SUPPLYING COUNTRIES TO CHILE
    GRAPH SHOWING THE AVERAGE PRICE OF THE TOP  DENIM SUPPLYING COUNTRIES TO CHILE
    TABLE SHOWING THE TOP DENIM IMPORTING COMPANIES OF CHILE ALONG WITH AVERAGE PRICE.
    GRAPH SHOWING THE TOP DENIM IMPORTING COMPANIES OF CHILE
    GRAPH SHOWING THE AVERAGE PRICE OF THE TOP DENIM IMPORTING COMPANIES OF CHILE
    TABLES SHOWING THE IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO CHILE ALONG WITH AVERAGE PRICE
    GRAPHS SHOWING THE IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO CHILE
    GRAPHS SHOWING THE AVERAGE PRICE OF IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO CHILE

    TOP COUNTRIES SUPPLYING DENIM FABRICS TO CHILE 

    [private_special]
    During March-June 2020, Chile imported approx. 1.73 lacs kgs of denim fabrics.

    CHINA is the biggest exporter of Denim Fabric to Chile with a total volume of about 1.12 kgs at an average price of USD 4.68/kg. Pakistan is the 2nd biggest denim supplier which exported 17,266 kgs of denim fabric at an average price of USD 6.18/kg.

    (Note: this data has been captured from various govt organizations including customs. the actual imports are likely to be higher than this figure. Also, we need to understand that the prices are sometimes not correct representations as in Chile there are many suppliers under-reporting the actual price for custom benefits )

    Exporting CountryQuantity(KGS)Average Price($/KGS)
    Brazil13,0754.78
    China112,2264.68
    India30,4532.85
    Pakistan17,2666.18
    United States32226.24

    TOP COMPANIES IMPORTING DENIM IN CHILE

    So far as the import of denim fabric by different companies are concerned, EMPRESA and SOCIEDAD COMERCIAL INDIGO are the two biggest importers of denim fabric in Chile with the total import of 1.59 lacs Kgs and 11,527 Kgs of denim fabric respectively. MANUF E IMP bought the fabrics from SANTISTA (Brazil) at an average price of $6.32/kgs which is the most expensive amongst all.

    ImportersQuantity(KGS)Av Price(USD/KGS)
    ELIAS MUSALEM SAID1,1963.09
    EMPRESAS LA POLAR159,3294.52
    MANUF E IMP TITANIUN CHILE LTD1,2886.32
    SOCIEDAD COMERCIAL INDIGO SA11,5275.09
    TOTAL173,3404.55

    EMPRESAS LA POLAR

    Empresas La Polar imported 1.59 lacs kgs of denim fabrics during March-June 2020 and it got several suppliers on the board. RSWM(LNJ DENIM) from India is the biggest supplier with the export volume of 30,453 kgs followed by  ARETEX I with a total volume of 26,429 kgs. The average price at which both are supplying is $2.85/kgs and $5.08/kgs respectively. Vicunha supplied the fabrics at the most expensive average price of $6.71/kgs to Empresas.

    Contact Details
    Empresas La Polar SA
    La PolarAv. Santa Clara 207HuechurabaSANTIAGO, Santiago Chile
    www.lapolar.cl
    Phone Number – +56-223833242

    SuppliersQuantity(KGS)Av Price(USD/KGS)Country
    RSWM                              30,4532.85India
    ARETEX I                              26,4295.08China
    BUILDUP TEAM                              25,3534.82China
    ZHEJIANG JINSUO                              21,2714.25China
    SHAOXING F                              11,4765.09China
    SIDDIQSONS                              10,4635.13Pakistan
    E-SUN                                9,2314.20China
    SANTANENSE                                7,4883.93Brazil
    NAVEENA                                6,8038.31Pakistan
    WINWIN TEXTILE                                4,8155.01China
    VICUNHA                                3,0496.71Brazil
    OTHERS                                2,4996.02Brazil, China, USA
    TOTAL                          1,59,3304.52NA
    [/private_special]
  • The State Of Rental Clothing And Levi’s Latest Collab

    The State Of Rental Clothing And Levi’s Latest Collab

    When the rental cloth model of business was introduced, millennials as well as the Instagrammers perceived this as a disruptor in the clothing industry.

    The initial few years were very encouraging and according to a market research report – the global online clothing rental market was valued at $1,013 million in 2017 and is estimated to reach $ 1,856 million by 2023, registering a CAGR of 10.6% from 2017 to 2023.

    In 2017, the rental clothing business was mostly ruled by North America with a 40% share globally, however, later Europe and South East Asia also picked up with this new business model.

    The report further states that the women fashion contributed over 58% share and Ethnic Wear emerged as a category that posed considerably high growth over the period of time.

    All the good stories and all the great business models were put to litmus test when COVID actually started infecting cash flow and disposal incomes all around the globe. The disruption in the supply chain was apparent, people were keener to spend more on necessary articles including immunity boosters and insurance, and therefore renting a cloth for the members of the household turned out to be an unpalatable deal.

    There are many new startups which were considered as the market disruptors are now closing their business citing liquidity crunch in the market, the recent casualty is the clothing rental start-up Rent the Runway.

    Rental clothing business heavily relies on the special events and occasions happen within the society in different capacities special like weddings, birthday parties and black-tie events but COVID forced everyone to follow social distancing which adversely impacted this model of business.

    While speaking to The Wall Street Journal, Jenn Hyman- Co-Founder of Rent the Runway said she was hopeful business was going to bounce back, and the company would come out of the pandemic even stronger than before it went into it. 

    Another rental clothing start-up which announced its exit is Le Tote which bought Lord & Taylor stores also.

    Clothing rental is “really operationally complex,” and so far there hasn’t been “a proof point” that the business model will be successful, said Byron Ling, a partner at Canaan Partners, who invests in consumer startups but isn’t involved with Le Tote.

    Le Tote had performed pretty well until 2018 however last year the company witnessed a massive slowdown. In 2018, the company earned $60.8 million however in 2019 the revenue dropped up to $32.6 million and in 2020 COVID led to an unexpected fall in the subscriptions due to sudden liquidity constraints amongst the American households.

    LEVIS LATEST COLLAB IN RENTAL SPACE

    The Danish fashion retailer GANNI has recently collaborated with iconic denim label – LEVIS to bring an exclusive collection named- LOVE LETTER, a rental only capsule collection.

    The articles of this collection can not be bought, one can only rent articles for their use. The ownership model has been swiped with the sharing model and this could be construed as final beta testing for both the brands. GANNI launched a similar project last year in Denmark also to test the water.

    Ganni handpicked each pair of vintage 501’s with Levi’s for the project to upcycle and give them new life making it a personal process.

    The collection is supported by Near Field Communication (NFC) digital experience and will be available to rent in the UK, Denmark, and the US. This will enable delivering of a ‘post tap’ curated experience through the NFC chip embedded with the back-patch of each piece.
    Consumers will be able to rent the products by simply tapping the NFC enabled size patch with a smartphone. Later on , they will be able to unlock the history of each piece.

    There would be three denim articles in this collection – a button-down shirt featuring Ganni’s signature oversized Peter Pan collar, as well as a pair of jeans, and a shirt dress. The attraction of these garments would be its processing. All garments are made from upcycled vintage Levi’s jeans and repurposed denim. User will be able to enter a connected world videos , stories and exclusive content from global shoots, style inspiration etc.

    As per GANNI, the weekly rental starts at exhorbitant $55 for a week and goes upto $145 for 3 weeks and users can choose to rent each piece (or multiple pieces) for one to three weeks at a time through the Ganni Repeat website.

    Ganni’s creative director Ditte Reffstrup told Vogue magazine that the collection was born before the worldwide Covid-19 lockdown began. She said: “We joked about how it was the easiest and lightest collection we had ever made.”

    Whether this experiment by Levi’s will work out or not , time will tell . But it is a great sustainable effort where the repurposed denims will get a new and long life adding value for all concerned.
    The rental prices seem high compared to existing rental service providers but it remains to be seen how consumers will react in the current climate.

    High-End:
    Rent the Runway (Starts at $30 per rental)
    Vince. Unfold ($160 per month)
    Rebecca Taylor RNTD ($159 per month)
    Switch Jewelry (Starts at $29 per month)
    Work-Ready:
    Infinite Style by Ann Taylor ($95 per month)
    Infinitely LOFT ($64.95 per month)
    Express Style Trial ($69.95 per month)
    Trend-Savvy:
    Le Tote (Starts at $69 per month)
    The Ms. Collection (Starting at $59 per month)
    Gwynnie Bee (Starts at $49 per month)
    Haverdash ($59 per month)
    NY&C Closet ($49.95 per month)
    Rocksbox Jewelry ($21 per month)
    Armoire ($149 per month)
    nuuly by Urban Outfitters ($88 per month)
    Mens:
    The Mr. Collection (Starting at $59 per month)
    The Black Tux (Suit rentals start at $95)
    (via- mysubscriptionaddion .com)

  • COVID Infects Denim Sales and The Industry As Well

    COVID Infects Denim Sales and The Industry As Well

    It has been now over 150 days since WHO announced COVID 19 as a global pandemic, the world is still struggling to contain the virus and we hope in coming weeks, we find the much-awaited COVID vaccine.

    In the month of April, when COVID 19 started to show its lethal and contagious face to the world, there were a lot of speculations made, from the paradigm shift in the consumer behavior to shrinking in the overall denim business for the next two to three seasons, there was a plethora of anticipation and hypothesis.

    The godfather of denim – Adriano Goldschmied, in a live talk with the founder of Denimsandjeans Sandeep Agarwal, predicted that the global denim business will be shrunk by 50%. The prediction was brutal but his prediction seems to be very certain and close to reality.

    BRANDS AND RETAILERS

    The Jeans business has been already struggling for the last few years, the influence of athleisure on millennials adversely impacted the sales of Jeans globally and then this pandemic has taken a real toll. Retailers and Brands like G-Star Raw, JC Penny, True Religion, and Lucky Brand have filed chapter 11 bankruptcy during this pandemic period.

    True Religion which 1st filed bankruptcy in the year 2017, has now seemed to be into a vicious debt trap. The brand reported

    1. $110.5 million in first-lien term loan debt
    2. Owed $28.8 million on an asset-based loan facility.
    3. Posted a net loss of $50 million

    The brand blamed the pandemic for making things very challenging to them, they have sent the workers on furlough to bolster their liquidity.

    Lucky Brand filed for Chapter 11 bankruptcy the last month.
    The brand has announced to sell all its substantial operating assets to SPARC GROUP and the intellectual property to ABG Group.

    In its bankruptcy filing, Lucky Brand said it owes nearly $5 million to mall operator Simon Property Group, and millions more to suppliers in Anguilla, Sri Lanka, Guatemala, and India. The brand owed

    1. $182 million to lenders
    2.$79 million to merchandise vendors

    The brand will remain operational however out of a total of 200 stores, 13 stores will be closed.

    G Star Raw also filed for Chapter 11 bankruptcy and as per the reports, the landlord of its 475 Fifth Avenue NYC store found to be the biggest creditor with USD 426,000, this is the same store which was allegedly looted by the protesters during #blacklivesmatter protest.

    Levis recently reported a decline of 62% in its 2nd quarter revenue which forced them to cut the workforce up to 15%. According to market research firm – NPD Group, there has been a double-digit fall reported in the sales of denim in the past three months compared to the last year.

    The sales of premium/luxury jeans costing over $200 witnessed a slump of 40% during the same period, there have been apprehensions that Americans are now preferring lower-priced denim over premium one due to disposal income constraints.

    So far as the UK is concerned, according to an estimation, COVID may reduce the spending by more than 20% than the usual spending made by the UK consumers which may bring a fall of GBP 11.1 bn / $13.06 bn in the sales of clothing and footwear in the UK.

    SUPPLIERS

    The pandemic did not affect only brands/retailers but also forced a lot of factories based in China, Bangladesh, Myanmar, India, Vietnam, and Cambodia to close its entire operation due to a substantial fall in orders as well as due to the failure in the payments commitments by brands.

    Morgan Forde / Supply Chain Dive, data from USFIA.
     

    According to local Bangladeshi media reports, over 7,854 orders were either canceled or postponed by the fashion industry during this pandemic. C&A alone canceled orders worth $166m, H&M canceled orders worth $178m, and Tally Weijl initially suspended orders worth $7m and canceled orders worth around $3m.

    A total order of $3.2 bn was said to be canceled or postponed in Bangladesh only. Bangladesh annually exports clothing worth $35 bn, the cancelation within few weeks worth 10% of its total exports, though a lot of brands later assured for the payment of already made articles, however, the postponement dismantle the entire supply chain, especially the daily wage garment workers and left them in a lurch.

    The industry is now recovering from the early devastation, though the recovery is pretty slow but gradually it will come back to normal. Textile and Apparel industry is one of the largest job creators in the world. This industry had a retail market value of $1.9 trillion in 2019 and according to the projection of BCG, with a CAGR of 3.5%, the valuation will reach at $3.3 trillion in 2030.

  • Wrangler X Bob Marley Collection

    Wrangler X Bob Marley Collection

    Leading denim brand – Wrangler, has recently unveiled its Wrangler® x Bob Marley collection. The collection pays tribute to one of the legendary pop singers of all time – BOB MARLEY. Bob Marley was one of those artists who taught the world the power of music in bringing people together.

    This limited-edition collection by Wrangler in an honor of one of the greatest musicians that ever lived, and even prouder that he chose Wrangler denim on and off the stage.

    Wrangler has blended some of the most celebrated styles with graphics and symbols that honor the legendary Bob Marley. Emblazoned with a laser print of the legend himself on the back, this denim jacket also features a classic fit through the torso, lightweight feel, and iconic ‘W’ stitching on the twin chest pockets.

    WRANGLER® X BOB MARLEY MEN’S COWBOY CUT® DENIM JACKET

    Made from heavyweight denim with a soft, 100% cotton construction, the Wrangler® Cowboy Cut® jacket is everything a denim jacket should be.

    WRANGLER® X BOB MARLEY MEN’S ICONS™ DENIM JACKET

    This classic denim jacket pays homage to the life and legacy of Bob Marley—an icon of epic proportions in culture, music, and so much more. One of the reggae legend’s favorite looks to wear on stage and in front of the camera was Wrangler® denim.

    WRANGLER® X BOB MARLEY TUFF GONG DENIM SHIRT

    This woven shirt from the Wrangler® ICONS™ collection takes a cue from Marley’s Western-inspired style influence with a Western yoke, pearl snaps, our authentic ‘W’ pocket stitching, and a 100% cotton construction that’s as effortless as it is timeless. Plus, the denim shirt features a lasered print that nods to Tuff Gong, the name of his record label, and a title he earned for his fierceness. 

    WRANGLER® X BOB MARLEY SOUL REBEL DENIM SHIRT

    This Western-inspired woven shirt from the Wrangler® x Bob Marley collection features Western yokes, cuffs, pearl snaps, and authentic W-pocket stitching. The inky indigo wash is finished with a lasered print of a lion, the iconic Rastafarian symbol, as well as a nod to the unforgettable song, “Soul Rebel.” 

    In celebration of the Wrangler x Bob Marley collection, Wrangler will donate $25,000 to The Bob Marley Foundation, a Jamaican nonprofit organization focusing on Education, Music & Culture, Environmental Protection and the health and well-being of the Rastafarian community.