Markets

Aiming to set up a commission to ensure regulation of the European market, including pre-owned items, the organization navigates Brussels’ attempts to shield businesses from heavy burdens.

As consumers grow increasingly hesitant to splurge on non-essential items, businesses are endeavoring to shield buyers from rising costs. In response, some have decided to build up stock reserves.

While there were no casualties, the financial toll, still being assessed, already reaches millions. This marks the third textile-related fire incident in less than a week.

China’s economic engine kept humming in Q2 2025, slightly exceeding forecasts and inching closer to the government’s growth target of “around 5%.“

From January through August, China’s shipments of manufactured products to the US saw a 5.5% downturn, hitting $12.788 billion. However, this loss was cushioned by a robust nearly 8% increase in exports to Europe.

Authorities notified the UK-based online retail group earlier this year of a potential payment deficit reaching tens of millions of euros; however, the company remains optimistic about lowering the final amount.

Amid growing calls for action, Italy proposes a bill aiming to curb ultra-fast fashion’s rise by introducing supplementary taxes, aligning with the demands of domestic advocacy groups.

The National Retail Federation, the world’s largest retail association, projects that by the end of the year, returned goods will amount to $849.9 billion, representing 15.8% of global sector sales.

In Dhaka, a chemical explosion at a factory on Tuesday led to a deadly spread into an adjoining warehouse, with sixteen workers losing their lives. Investigations continue as the owners of the facilities have yet to be identified.

The organization has unveiled a manifesto urging European Union authorities to adopt three crucial policy pillars to accelerate the circular transformation within the fashion industry.

The European Parliament has reached a consensus with the European People’s Party, which holds the majority in the legislative body, and the Party of European Socialists to roll out a second wave of simplifications.

If you, as a fashion business leader, were to engage in strategic discussions with your board or establish a geopolitical advisory group, which deep-thinking components would anchor your dialogue?

In a surprising turn, Vietnam’s exports climb 17.5% by July, overtaking China, which grapples with the impact of U.S. tariffs, marking a notable change in the global export landscape.

In a bid to enhance global competitiveness, Bangladesh’s garment industry aims to align with international standards, solidifying its status as the world’s second-largest textile exporter.

The WTO has revised its forecast for global merchandise trade growth in 2025, now predicting a 2.4% increase, up from the 0.9% estimated in August. The textile sector, in particular, is showing promising performance.

In 2024, EU customs authorities seized a staggering 112 million counterfeit items, marking the second highest figure on record at a value of $3.8 billion. The raid spotlighted fashion, accessories, and cosmetics as top offenders.

The organization has cautioned that the impact of the U.S. tariff measures is yet to be fully realized globally. However, its outlook for G20 nations remains optimistic.

The UK Fashion & Textile Association (UKFT) has wrapped up its study by presenting a comprehensive 2035 strategy, seeking government collaboration to uplift the nation’s textile infrastructure.

The nation’s youth, representing over 40% of the population, are fueling a week-long protest movement that has spread to major industrial cities such as Casablanca, with several hundred arrests already made.

As American fashion imports climb 3% in the first seven months of the year, the U.S. slashes $2.7 billion from Chinese fashion supply chains, hinting at evolving global trade strategies.

Starting today, companies have the option to voluntarily disclose the environmental cost score of their garments, presented as a range from 0 to infinity, assessing the impact throughout the entire value chain.

In an effort to bolster local fashion labels and fortify supply chains, the government has entrusted Merak Capital, a private firm, with the lead, backed primarily by the cultural development fund.

American investment bank lowers its investment recommendation on the fragrance market, predicting a shift in the cycle after three years of perfumes dominating as the industry’s strongest category.

With a GDP of $1.39 trillion, Indonesia stands out as a key player in the footwear manufacturing landscape, ranking third globally in shoe production and ninth in apparel.

The world’s leading publicly traded fashion companies record their third rise this year, spurred by a 4.1% recovery in August. Macy’s, H&M, and Kering are at the forefront, with Birkenstock, Puig, and Burberry lagging.

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