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Global Apparel Update
Issue 177: November 2023

Product Overview
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Product Overview   

Global Apparel Update is an executive briefing, supplied in digital format. Each month, we report on the latest news from the international apparel market.
What's in it?

Global Apparel Update contains independent research, insight and analysis on product innovations and business developments from the international apparel market. Topics regularly featured include:

  • acquisitions, divestments and mergers
  • additives
  • artificial leather materials
  • chemical recycling
  • circularity
  • colour trends
  • corporate social responsibility (CSR)
  • cotton
  • denim
  • dyes
  • environmental sustainability
  • fibres
  • financial results
  • footwear
  • investments
  • joint ventures, cooperation, licensing and distribution
  • market forecasts
  • new facilities
  • trace technology
  • treatments and finishes
  • wearable technology

It also contains news from brands, companies, and other organisations, such as: Alchemie Technology, Archroma, Asos, Avery Dennison, bluesign technologies, CleanKore, Cone Denim, Eastman, Euratex (the European Apparel and Textile Confederation), Fashion for Good, Fast Retailing, Gap, Gildan Activewear, H&M Group, Haelixa, HeiQ, Higg, Huntsman Textile Effects, Hyosung, Inditex, Indorama Ventures (IVL), Infinited Fiber Company, Invista, Lenzing, Nilit, Noble Biomaterials, Oeko-Tex, Pantone, Polybion, Recover, Shein, Stony Creek Colors, Teijin Frontier, The TJX Companies, Thai Acrylic Fibre, VF Corporation, Zalando, and ZDHC Foundation.

Like all Textiles Intelligence publications, Global Apparel Update is a reliable source of independently sourced business information, and it does not carry advertising.

Contents

PRODUCT DEVELOPMENTS AND INNOVATIONS

  • Advance Denim, Renewcell and Yibin Grace Group have collaborated in the development of a denim fabric collection made using Gracell x Circulose viscose
  • Spinnova has developed a denim fabric using Spinnova fibre which is said to be the first of its kind
  • Birla Cellulose has developed a blend of fibres containing recycled fibre derived from textile waste

BUSINESS UPDATE

  • Asos: group revenues in 2022/23 were down by 10%
  • Gap: net sales in the third quarter of 2023/24 were down by 7%
  • Gildan Activewear: net sales in the third quarter of 2023 were up by 2.3
  • Kontoor Brands: net sales in the third quarter of 2023 were up by 8%
  • The TJX Companies: net sales in the third quarter of 2023/24 were up by 9%
  • Aid by Trade Foundation (AbTF) has launched a new standard for regenerative cotton produced by small-scale farmers
  • Better Cotton Initiative (BCI) has developed a traceability technology for BCI standard cotton