Cotton futures fell almost 3% on Friday, the steepest one-day fall in two months, as traders were locked in profits from the market's longest winning streak in a year. The most-active March contract on ICE Futures US fell US cents 2.37 cents, or 2.85%. However, it was US cents 1.97 up week over week. The Cotlook A index also rose US cents 4 while the China Cotton Index sobered 6 Yuan a ton. Indian cotton prices in India are likely to increase further in the next two months due to the rise in d

100% cotton yarn market sentiment was quite dull with yarn producers generally lifting prices pressured by hikes in high-quality cotton prices. More weaving mills were off production for holiday in China, leaving only few producers to hold on till the year-end. In India, although cotton prices cotton yarn prices increased on both domestic and export markets. Polyester spun yarn producers were heard closing for New Year Holidays in China but some were still operating and pre-stocking fibre at low

Mark Lewis is to become the first online director for John Lewis as the department store expands its online business. The former Collect+ chief executive will join the group’s board and will start his role on March 4th, reporting to managing director Andy Street. ”Mark is ideally placed to continue the growth and development of our online business,” said Street. “He brings insight and experience of the retail sector, and will be driving further innovation across both our website and omn

Retailers including Adidas, Hugo Boss, LK Bennett, Nicole Farhi and Superdry have signed up to install virtual fitting room technology from Fits.me. The Fits.me Virtual Fitting Room will enable online shoppers to customise mannequins to their individual measurements so they can see how clothes look on them before they buy. It is able to pull key garment pictures from the database that correspond to a customer’s exact body size and shape. Fits.me founder and chief executive Heikki Haldre

Chinese sportswear company Li Ning plans to raise up to HK1.87bn through the sale of convertible securities as it works to turn around the brand. The company said that over-expansion in the sporting goods industry has caused the build up of inventory for channel partners, which has adversely affected store productivity and profitability. One convertible security worth HK3.50 will be offered to qualifying shareholders for every two existing shares. "We are at a critical point in executin

The land-locked Eastern European country of Belarus is exploring prospects of knitwear and textile exports to the Netherlands. A delegation of Belarusian light industry ‘Bellegprom’, led by Lyudmila Parkhamovich, head of trade department of Bellegprom, visited Netherlands earlier this week and discussed possibilities of Belarusian textile and apparel exports with representatives of Modint – the Dutch trade association for textiles, carpets and fashion. The visit was organized by the Belaru

"Bangladesh is competing with China now in global apparel exports. Though the gap between China & Bangladesh is pretty huge, the gap between Bangladesh & other countries like Sri Lanka, Vietnam and Cambodia is widening", said the CEO of one of South Asia’s largest vertically integrated textile and garment company in Bangladesh. In an interview with fibre2fashion, Mr Syed Naved Husain, CEO of Bangladesh-based Beximco Ltd, elaborated on various topics touching upon the global textile-ap

Ann Taylor is thrilled to announce that award-winning actress Kate Hudson will return as ambassador of its spring and summer 2013 campaigns. This year, Hudson's role will take on more importance and she will serve in a larger capacity, as both a design influence and charitable ambassador. For the summer collection, she will be developing a capsule collection for the brand. In addition, she will join the Advisory Council for the company's ANNpower Vital Voices Initiative, a program that suppor

The Free Trade Agreement (FTA) between Vietnam and South Korea, talks for which are scheduled to begin in this quarter, is likely to creative a positive impact on the trade relation between the two countries, including a rise in exports of garment from Vietnam to South Korea, according to Mr. Vo Thanh Ha, deputy director of the Asia Pacific Market Department under the Ministry of Trade and Industry. Speaking at a seminar on the Vietnam-South Korea FTA talks, he said South Korea is the fourth