Crossword Genius

Change, perhaps, bare fabric (8)

Ross

I believe the answer is:

cashmere

'fabric' is the definition.
(cashmere is a kind of fabric)

'change perhaps bare' is the wordplay.
'change perhaps' becomes 'cash' (change is a kind of cash).
'bare' becomes 'mere' (synonyms).
'cash'+'mere'='CASHMERE'

(Other definitions for cashmere that I've seen before include "'Fine, soft wool from a goat (8)'" , "knitted garment" , "Expensive material" , "Soft fabric made from a goat's wool" , "Fine wool for a schemer" .)

I've seen this clue in The Telegraph.
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