Fashion
Canada’s suit imports fall in Jan-Aug as casualwear demand rises
Import volumes mirrored the same trend. Canada imported *.*** million units in the first eight months of ****, down from *.*** million units in the same period of ****. The average landed price dipped further to $**.** per suit, marking a cumulative decline of nearly ** per cent since ****, when the average stood at $**.** per unit, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. Retailers have been moving towards lower-value assortments as consumers prioritise affordability, prompting sourcing shifts to cheaper origins and lower-spec tailoring.
The price reduction suggests increased competition, lower unit-value buying, and retailers favouring budget sourcing channels rather than premium tailoring suppliers—a response to elevated inventory pressures, cautious buying cycles, and slower store traffic for formalwear categories.
Bangladesh’s spinning sector is reportedly facing severe pressure from soaring costs, volatile cotton prices, and a surge in cheap yarn imports, even as industry leaders warned of potential shutdowns, risking millions of jobs.
In view of the existing scenario, stakeholders sought urgent support—gas price cuts, incentives, and anti-dumping measures to stabilise the sector.
Source link
It dropped to a record low of 90.13 against the US dollar, breaking its previous all-time low of 89.9475 touched a day earlier.
The Indian rupee fell sharply yesterday, dipping below past the crucial 90-per-US dollar level for the first time.
It dropped to a record low of 90.13 against the US dollar, breaking its previous all-time low of 89.9475 a day earlier.
The sharp fall in the rupee came amid weak trade and portfolio flows, restrained intervention by the central bank as well as the lack of clarity over a India-US trade deal.
The sharp fall in the rupee amid weak trade and portfolio flows, restrained intervention by the central bank as well as the lack of clarity over a India-US trade deal also weighed on domestic equity markets.
The development raised concerns about inflation and foreign investor activity.
The Reserve Bank of India’s monetary policy is expected to announce the interest rate decision on December 5.
Fibre2Fashion News Desk (DS)
China regained its leading position in **** with shipments valued at $*.*** billion and a **.** per cent share, followed closely by Bangladesh at $*.*** billion and **.** per cent. Turkiye remains an important near-shore sourcing base and supplied $*.*** billion, accounting for **.** per cent of the total. Cambodia with $***.*** million and India with $***.*** million completed the top five suppliers, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. The dominance of these suppliers shows a shift towards both cost-competitive and strategically located sourcing hubs.
Compared with the same period in ****, sourcing patterns have changed. Bangladesh led in January–August **** with $*.*** billion and a **.** per cent share, while China contributed $*.*** billion or **.** per cent. Myanmar and Morocco, previously among the top five, no longer appear in ****, displaced by Cambodia and India. Germany, once a key European source, continues losing relevance as Asian sourcing strengthens. This highlights the declining competitiveness of smaller and higher-cost producers, alongside growing preference for scalable Asian manufacturing bases.
Good News For OCI Cardholders! Now You Can Complete NPS KYC Digitally From Abroad; Documents Required Are…
Canada’s suit imports fall in Jan-Aug as casualwear demand rises
Hegseth at fault in Pentagon review over Signal chats on Yemen attacks
-
Tech4 days agoGet Your Steps In From Your Home Office With This Walking Pad—On Sale This Week
-
Sports3 days agoIndia Triumphs Over South Africa in First ODI Thanks to Kohli’s Heroics – SUCH TV
-
Fashion3 days agoResults are in: US Black Friday store visits down, e-visits up, apparel shines
-
Entertainment3 days agoSadie Sink talks about the future of Max in ‘Stranger Things’
-
Politics3 days agoElon Musk reveals partner’s half-Indian roots, son’s middle name ‘Sekhar’
-
Tech3 days agoPrague’s City Center Sparkles, Buzzes, and Burns at the Signal Festival
-
Uncategorized1 week ago
[CinePlex360] Please moderate: “Americans would
-
Tech1 week agoWake Up—the Best Black Friday Mattress Sales Are Here