Textiles Intelligence news and archive

Artificial intelligence in fashion − the risks, the rewards, and the responsibilities

AI is not a silver bullet for the challenges facing the fashion industry said experts at the ASBCI conference on 16 October, but if businesses can get the fundamentals right, AI offers the potential for huge rewards when targeted at specific issues. The fashion industry gathered in Halifax earlier this month to discuss the risks, rewards, and...

Fashion

Textiles Intelligence report announces world trade in hosiery expected to rebound in 2021

Textiles Intelligence has released a report predicting world trade in hosiery to rebound in 2021, but return to low growth in 2022. Following a fall in growth in 2020 of 13.7 percent, exports were at their lowest levels since 2010. With the effects of the Covid-19 pandemic widely felt by every industry, further growth in hosiery will potentially...

Fashion

Rising costs hit UK retailers

Clothing and footwear prices have risen for the first time since 1992 as pressures in raw material and labour costs continue to mount on UK retailers, according to the global business information company Textiles Intelligence. Textiles Intelligence revealed that UK clothing and footwear prices soared by 0.9% in September compared with the same...