US Retail Returns Expected to Hit $849.9 Billion in 2025

Retailers in the United States are estimating that 15.8% of their total annual sales will be returned this year,...

Euratex Urges ECHA for Technical Textiles Evaluation

Euratex, the representative organization for Europeโ€™s textile and clothing industry, is calling for the European Chemicals Agency (ECHA) to...

Closed-Loop Recycling: 24 Tonnes Produced 50k Garments

A pioneering closed loop recycling initiative has successfully transformed 24 tons of post-consumer textiles into around 50,000 garments for...

LVMH Reports $67.4 Billion Revenue Amid Market Challenges

LVMH Moet Hennessy Louis Vuitton, the renowned French luxury brand, reported a revenue of โ‚ฌ58.1 billion (approximately $67.4 billion)...

US Apparel Sourcing Decline Signals Change in Textile Trade

QIMA's latest sourcing data indicates a notable decline in U.S. overseas procurement, beginning in August 2025. After reaching a...

India and Saudi Arabia Enhance Textile Industry Ties

A delegation from Saudi Arabia, led by Khalil ibn Salamah, Vice Minister of Industry and Mineral Resources, convened with...

Bestseller Celebrates 50 Years with Record Revenue of $5.92B

Danish fashion powerhouse Bestseller commemorated itsย 50th anniversaryย by reporting an impressive revenue of 38 billion DKK (approximately $5.92 billion) for...

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