Whilst the romanticism and allure of designer lingerie is hard to ignore, boxers and briefs haven t quite attained the same level of attention. At least not before Alvin Ting and Billy Pang came onto the scene in 2020 two upbeat in-laws determined to realise their dream of starting an online business during a pandemic.
Like many others, Ting and Pang s respective careers in trading and furniture retail were adversely affected at the start of Malaysia s lockdown period in 2020. Against the odds, the duo decided to start Boxo, specialising in unconventional boxer shorts decked out in everything from polka dots and checkered prints to illustrations of llamas, smiling cats and even colourful durians. To date, Boxo s quirky boxer shorts for men, women and kids have enjoyed extremely successful online sales, stripping the notion that undergarments should be uniform and plain.
Hosiery baron Vinod Gupta decodes the inner workings of India s innerwear industry
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Last Updated: Mar 16, 2021, 12:51 PM IST
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Synopsis The gap in prices of cotton and cotton yarn will impact the entire hosiery industry. MSMEs and mid-sized hosiery businesses will be impacted most significantly, because of (i) short supply from spinning mills owing to price rise, and (ii) increase in demand for working capital.
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(Photo courtesy: Twitter) Unorganised players are in a much deeper hole than their organised peers, Gupta says.
Vinod Gupta,
Dollar Industries, shares some insights on the state of India s hosiery industry in the wake of rising cotton and yarn prices. Edited excerpts from his interview to ET Now:
Yarn shortage pushes up summer wear prices by 20 per cent
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Top manufacturers Lux Industries and Dollar Industries said the increase in yarn export to Europe and the US since October due to disruptions in their local manufacturing and in their sourcing from China has led to a shortage of yarn in the domestic market, and the situation is not expected to improve till July.
Agencies
India’s knitwear industry is among the few sectors that managed to buck the general downtrend seen in the economy due to disruptions caused by pandemic.
Shortage of cotton yarn in the domestic market has pushed up prices of hosiery items, including innerwear and loungewear, by 10-20%, and manufacturers say the price jump could double if the supply disruption caused by increased exports is not remedied.
Apparel maker HanesBrands has named Joe Cavaliere to the newly created role of group president, global innerwear.
The move comes as Howard Upchurch, group president, innerwear Americas, is to retire after 34 years with the company.
HanesBrands produces T-shirts, bras, panties, shapewear, underwear, socks, hosiery and activewear in its low-cost global supply chain.
Cavaliere will be responsible for brands including Hanes, Bonds, Maidenform, Playtex, Bali and DIM. He joins HanesBrands from C&S Wholesale Grocers, where he was president and general manager of the company s retail chain division.
In its most recent third quarter, HanesBrands saw net sales slip by 3.2% for the three months ended 26 September to US$1.81bn, although revenue trends improved sequentially in each business segment. US innerwear sales increased by 8.4%, excluding protective garments, with growth in the basics and intimate apparel businesses. Overall, segment sales were up by 37%.
Maternity Innerwear Market Size Worth $9.23 Billion By 2027 | CAGR: 4.6%: Grand View Research, Inc.
reach USD 9.23 billion by 2027, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 4.6% from 2020 to 2027. The rising demand for nursing-friendly innerwear is a key factor favoring market growth. At a macro-level, rising disposable incomes and increasing demand for comfortable maternity wear continue to drive product sales across various distribution platforms.
Key suggestions from the report:
In terms of type, the maternity briefs segment accounted for the largest revenue share in 2019
North America is estimated to be the largest regional market over the forecast years. However, Asia Pacific is estimated to record the fastest CAGR from 2020 to 2027