TradeGala Set to Revolutionize Wholesale Fashion

January 31st, 2020 TradeGala Leave a comment

TradeGala is the brainchild of Mina Melikova and Kuganeswaran Thangarajan, built to support the ever-changing wholesale market, and provide fashion suppliers the chance to meet new heights at a click of a button, especially through these more challenging times in retail.

TradeGala is a simple concept, a seamless service that connects wholesale fashion vendors and buyers from all over the world. It is an online marketplace that helps retailers find innovative styles at competitive prices from the best suppliers in the business while helping sellers expand their reach and increase sales.

Companies no longer need to invest the time, money and resource in traveling to appointments or attending trade fairs in order to make new business connections. The advance of technology has allowed TradeGala to create a cutting-edge platform which in turn allows brands to showcase their products, analyze trends and adapt to maximize business growth; while introducing a huge range of international fashion brands and suppliers to buyers, with products constantly updated to reflect the latest in fashion.

The site launches with 24 brands across accessories, activewear, casual dress, evening wear, and footwear, including Goddiva, City Goddess, Marc Angelo, KDK London, Gypsy Clothing, Conquista Fashion, Gold Lunar, Haus of Deck, Hugz Jeans, Lindy Bop, Looking Glam, Geniris Paris, Glitz Shoes and Versa Forma.

This sophisticated platform has a dedicated web platform and app to ensure orders or new content can be updated even when you are on the move.

How it works? Suppliers simply sign up to TradeGala and register online, then choose a platform that suits their needs. They have the option to choose one of the three plans – basic, premium or exclusive, and once registered upload their products and list them for sale. The quickest process to sell yet.

Our wholesale buyers place orders via the website and app, and receive order notifications via SMS, app alerts and email. The order is then packed and shipped directly from the seller, saving on time and shipping costs.

The TradeGala.com platform offers new suppliers the chance to reach 40,000 sales leads and 3,000 registered wholesale buyers immediately in over 90 countries.

Each buyer is 100% pre-screened and the team behind this platform already boasts an 87% customer satisfaction rating. With over 15 years of B2B experience in fashion and a network that is extensive and continuously growing, this platform is one of the best new opportunities for brands to establish a new business in the UK and internationally through a simple registration process and stock upload.

Other benefits include extensive marketing budgets, international SEO campaigns, heavy pay per click investment both nationally and internationally, presence at trade shows, tailored marketing campaigns, and seasonal photo shoots and fashion shows featuring your products. Plus, weekly and monthly newsletters, popular products and featured suppliers, not forgetting educational blog and vlog posts for wholesalers and retailers.

This is a new wave business tool that helps both young and well-established suppliers reach clients and markets beyond their means, it improves and fast-tracks their visibility to market and supports steady brand growth, taking away much of the traditional overhead costs.

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For further information on working with TradeGala please contact:
Yathu Kanagaratham – Yathu@citygoddess.co.uk
New Business Development Manager

Amber Domenech Patey – Amber@Citygoddess.co.uk
Project Manager

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Online Wholesale B2B Marketplace TradeGala Makes Buying Even Easier

January 24th, 2020 TradeGala Leave a comment

Chances are you’re already a regular online marketplace customer. With popular sites such as Amazon, eBay and Etsy conveniently bringing together a range of sellers, buying goods through the wholesale fashion marketplace is now as common as popping to the supermarket.

Just as we now think nothing of picking up our groceries alongside a new dress in Sainsbury’s, the majority of us also want to order what we need in one fell swoop online. The popularity of marketplace sites is hard to ignore: Amazon first launched its version 20 years ago and it now makes up over 50 percent of its overall sales – that’s $118.57 billion in 2018 alone. Many shoppers today use it as their first port of call when searching for goods to buy – even before Google.

Over in the independent fashion sector, small brands and retailers selling through such marketplaces is also becoming increasingly popular – particularly with the likes of Farfetch and Trouva gaining household name status. These sites offer access to all the best brands in one place, meaning you don’t have to venture far to find the sort of pieces that were once only available in brick-and-mortar boutiques.

However, when it comes to B2B marketplaces, there’s been a distinct lack of places where boutique buyers can make their in-season and forward order selections. That is, until now.

Step forward TradeGala, the fashion marketplace that connects independent retailers with international brands. Much like visiting a trade show or showroom, the site makes it easy for fashion buyers to source global labels in the same place online. Some of the labels on its roster are also exclusive and can’t be bought as wholesale elsewhere.

Ordering through TradeGala means buying professionals can save time and money. With a simple order process, buyers can make their store selections with just a few clicks, completely eliminating the need for complicated line sheets. It also offers centralized customer service and payment protection – meaning retailers can rest assured that they’re in safe hands. Plus, because the site is in operation 24/7, you can research and choose products whenever it suits you.

For brands, TradeGala offers greater visibility and access to new international markets and the latest technologies with minimal commitment. Smaller, independent brands are able to take their first steps into the wholesale market, which may have previously seemed too daunting. The site launched with 24 brands across accessories, active wear, casual dress, evening wear, and footwear, including Goddiva, City Goddess, Marc Angelo, KDK London, Gypsy Clothing, Gold Lunar, Haus of Deck, Hugz Jeans, Lindy Bop, Looking Glam, Geniris Paris, Glitz Shoes, Paradox London, and VILDNIS.

So, is this the future of fashion buying? It looks highly likely. Marketplaces won’t necessarily replace the more traditional methods of sourcing and purchasing, however, they’re a valuable tool in an ever more competitive industry. The most forward-thinking brands and retailers are already taking advantage of the opportunities on offer – perhaps now is the time for you to consider joining them.
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Visit TradeGala’s official website: https://www.tradegala.com for more information

Archives, Global Trade Daily, News

U.S. Knit Fabric Market Rose 2.6% and Reached $2B

December 24th, 2019 IndexBox Leave a comment

IndexBox has just published a new report: ‘U.S. Knit Fabric Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

In 2018, the revenue of the U.S. knit fabric market rose 2.6% and reached $2B, due to accelerated growth of imports. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Over the period under review, knit fabric consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 19% year-to-year. In that year, the knit fabric market reached its peak level of $2.3B. From 2015 to 2018, the growth of the knit fabric market remained at a somewhat lower figure.

Knit Fabric Production in the U.S.

U.S. knit fabric production amounted to 144K tonnes in 2018, -2.4% against the previous year. Overall, knit fabric production continues to indicate an abrupt downturn. Over the period under review, knit fabric production attained its maximum volume at 206K tonnes in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

In value terms, knit fabric production totaled $1.2B in 2018.

Exports from the U.S.

In 2018, approx. 9.3K tonnes of knit fabrics were exported from the U.S.; declining by -5.9% against the previous year. In general, knit fabric exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2018 when exports decreased by -5.9% year-to-year. Over the period under review, knit fabric exports reached their maximum at 42K tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, knit fabric exports stood at $93M (IndexBox estimates) in 2018. In general, knit fabric exports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2018 when exports decreased by -5.6% y-o-y. Exports peaked at $276M in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Nicaragua (2K tonnes), Honduras (1.5K tonnes) and Guatemala (1.1K tonnes) were the main destinations of knit fabric exports from the U.S., together accounting for 50% of total exports. Mexico, France, El Salvador, the Dominican Republic, Colombia, Australia, Chile and China lagged somewhat behind, together accounting for a further 33%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Australia, while the other leaders experienced more modest paces of growth.

In value terms, Honduras ($18M), Nicaragua ($13M) and Mexico ($8M) were the largest markets for knit fabric exported from the U.S. worldwide, with a combined 43% share of total exports. These countries were followed by Guatemala, El Salvador, Colombia, the Dominican Republic, Australia, France, China and Chile, which together accounted for a further 35%.

Among the main countries of destination, Australia experienced the highest growth rate of exports, over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average knit fabric export price stood at $9,974 per tonne in 2018, remaining constant against the previous year. Over the last five years, it increased at an average annual rate of +8.8%. The growth pace was the most rapid in 2014 when the average export price increased by 22% y-o-y. Over the period under review, the average export prices for knit fabrics reached their peak figure in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China ($16,066 per tonne), while the average price for exports to France ($5,365 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, approx. 108K tonnes of knit fabrics were imported into the U.S.; increasing by 9.1% against the previous year. Over the period under review, knit fabric imports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2014 when imports increased by 14% year-to-year. Over the period under review, knit fabric imports attained their peak figure at 130K tonnes in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, knit fabric imports totaled $501M (IndexBox estimates) in 2018. Overall, knit fabric imports, however, continue to indicate a temperate deduction. The pace of growth was the most pronounced in 2014 with an increase of 11% year-to-year. Imports peaked at $647M in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

China (46K tonnes), India (25K tonnes) and Israel (14K tonnes) were the main suppliers of knit fabric imports to the U.S., together accounting for 79% of total imports.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, China ($195M) constituted the largest supplier of knit fabric to the U.S., comprising 39% of total knit fabric imports. The second position in the ranking was occupied by Israel ($80M), with a 16% share of total imports. It was followed by India, with a 15% share.

From 2013 to 2018, the average annual growth rate of value from China totaled -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+6.0% per year) and India (+25.0% per year).

Import Prices by Country

The average knit fabric import price stood at $4,631 per tonne in 2018, dropping by -1.9% against the previous year. Overall, the knit fabric import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 2.4% y-o-y. Over the period under review, the average import prices for knit fabrics attained their maximum at $5,073 per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Taiwan, Chinese ($7,981 per tonne), while the price for India ($2,979 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Guilford Mills, Siny Corp., McMurray Fabrics, Ssm Industries, Fisher Textiles, Hornwood, Jif-Pak Manufacturing, Adele Knits, Commonwealth Home Fashion, Fab Industries Corp., Metritek Corporation, The Tenenblatt Corporation, Gehring Tricot Corporation, Rebtex, Westchester Lace & Textiles, Mocaro Industries, Albahealth, McComb Mill Manufacturing Company, Lace Lastics Company, Clover Knits, Mohican Mills, Sas Textiles, Somerset Industries, Charbert, Hampton Industries

Source: IndexBox AI Platform

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Automation Won’t Destroy Trade – It Might Even Boost It

November 18th, 2019 Christine McDaniel Leave a comment

Alarm bells are ringing

Many industry observers are sounding alarms about the looming impact of automation, robots and 3D printing, which they fear will destroy jobs, disrupt value chains and maybe even reduce the need for international trade. Developing countries are particularly concerned because trade has been an avenue to economic development and growth for them. But a recent report released by the World Bank shows that the data and evidence don’t support the hype. Instead, automation, robots and 3D printing might actually increase trade as trade costs continue to fall.

Some business analysts have warned that automation and robots could disrupt and shorten global supply chains. The thinking behind the concern is that, if a computer can design it and a 3D printer can make it, then we won’t need to source it from countries abroad that have more abundant low-cost labor than we do. Instead, companies will drastically shorten their value chains, which could reduce international trade.

The anxieties have gotten the attention of development economists and developing countries. Trade and economic growth go hand-in-hand, both in economic theory and in practice. Multiple studies have shown that firms in developing countries that participate in global value chains outperform their local peers that solely focus on domestic markets. If robots eliminate the need for global value chains, this important avenue for economic development could be threatened.

Anxiety over automation may be overblown

Scare tactics about economic change are attractive because they get our attention. About 15 years ago, we saw headlines about “white collar outsourcing” (once attorneys were added to the list of jobs that could be moved offshore, the panic even spread into boardrooms). Some lawmakers called for restrictions on offshoring, and some of those calls are still alive today. But the mass exodus of white collar jobs did not occur.

The World Bank is a multilateral development agency that makes grants and loans to support capital projects and economic growth in the poorest countries. Anything that reduces the need for trade and global value chains would hit those developing countries hard, putting the automation concerns squarely on the World Bank’s radar.

In its annual World Development Report, the latest released on October 8, the World Bank does not take a definitive stance on the overall effects of automation, and it does not make any bold predictions. But it does make one thing clear: The anxiety over automation hindering trade is not supported by the data and evidence. In fact, the authors show that sectors with the largest increases in automation have also been those with the largest increases in trade. Yep, that’s right: We’re experiencing the opposite phenomenon to what so many are worried about.

Automation actually helping to expand trade

Specifically, the report shows that the percentage change in imports of parts from developing countries from 1995 to 2015 is higher in industries that are more automated. Agriculture and textiles are among the least-automated industries and have the smallest change. Metal, rubber and plastics, and automotive sectors have the highest rates of automation and the largest increases in trade.

Why? Because automation, like robotic assembly and 3D printing, leads to an expansion in output and demand for material inputs. Automation can also lead to the creation of new tasks. So while it brings labor market adjustment pains — like technology and progress always do — automation will not necessarily reduce trade or shorten global value chains.

Meanwhile, investments in digital technologies continue to lower the costs of coordinating across long distances. These lower trade costs are expected to promote trade and lead to a continued expansion of global value chains, particularly for developing countries.

The big picture

Here’s the big picture: Change is the one thing in the economy you can count on. Improvements in how we make things and advanced production technologies are likely to continue, and workers and firms that adapt and embrace these changes are likely to outperform those that do not. But a wide-sweeping elimination of trade and global value chains due to automation and robots? Don’t believe the hype.

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The original version of this article was published in The Hill.

Christine McDaniel a former senior economist with the White House Council of Economic Advisers and deputy assistant Treasury secretary for economic policy, is a senior research fellow with the Mercatus Center at George Mason University.

This article also appeared on TradeVistas.org. Republished with permission.

Archives, Global Trade Daily, News

U.S. Broadwoven Fabric Imports Bounced Back in 2018 Due to Rising Supply from India

September 25th, 2019 IndexBox Leave a comment

IndexBox has just published a new report: ‘U.S. Broadwoven Fabric Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

The revenue of the broadwoven fabric market in the U.S. amounted to $3.6B in 2018, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, broadwoven fabric consumption continues to indicate a measured drop. The growth pace was the most rapid in 2014 with an increase of 3.7% y-o-y. In that year, the broadwoven fabric market attained its peak level of $4.3B. From 2015 to 2018, the growth of the broadwoven fabric market remained at a somewhat lower figure.

Broadwoven Fabric Production in the U.S.

In value terms, broadwoven fabric production amounted to $3.5B in 2018. In general, broadwoven fabric production continues to indicate a measured downturn. The most prominent rate of growth was recorded in 2014 with an increase of 3.9% against the previous year. In that year, broadwoven fabric production reached its peak level of $4.1B. From 2015 to 2018, broadwoven fabric production growth failed to regain its momentum.