The organisers of GlobalTex, the twice-yearly trade show for the fashion industry supply chain, have blamed "present business conditions" for their decision to cancel the forthcoming event in March.

"We would like nothing more than to keep working hard to provide a better trade event for the west coast," explained Bill Winsor, president and CEO of organiser the Market Center Management Company. "However, given present business conditions we are cancelling our plans for the March edition."

He added: "It was a very difficult decision. We continue to believe that LA deserves a quality, comprehensive show with resources from around the world gathered in an inspiring environment."

Held at the Los Angeles Convention Center, the GlobalTex: LA International Textile & Sourcing Fair was billed as the only trade event in the US featuring the complete supply chain from design to production.

Launched in 2009 with the backing of the Textile Association of Los Angeles (TALA), it was intended to be on par with the best international shows in Europe and Asia, offering a range of fabric, trimmings, supplies and technology, as well as seminars and trend displays.

However, Winsor said: "Our hopes were high that with the active support of TALA and other partners we would quickly build a large show with hundreds of additional resources. Unfortunately, that never happened."

Last November, organisers of rival show Material World announced it would be cancelled indefinitely.