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Market Buzz& Industry News

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UK clothing sector needs industrial policy support

05/25/2017

The UK textile and clothing manufacturing sector needs a more imaginative industrial policy to help it build the capabilities needed for a sustainable future, a new report argues.

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Coach launches tender offer to acquire Kate Spade

05/26/2017

Coach Inc today (26 May) made its earlier bid for Kate Spade official by launching a tender offer to acquire the accessories and apparel business for $18.50 per share in cash.

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Deckers optimistic as Q4 loss narrows

05/26/2017

US apparel and footwear group Deckers Brands - which last month said it was exploring strategic alternatives, including a potential sale of the firm - narrowed its net loss in the fourth quarter, and said an ongoing savings plan is expected to drive $100m in operating profit improvement by fiscal 2020.

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Asics to release supplier list and accelerate energy efficiency

05/25/2017

Sportswear firm Asics Corporation intends to publicly disclose its apparel and footwear suppliers in the year ahead, and says it will accelerate its energy efficiency projects to try to reduce emissions after falling behind in progress towards its 2020 CO2 reduction targets.

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Dior, Nike and Inditex world's largest apparel companies

05/26/2017

Parisian fashion house Christian Dior, US sporting goods behemoth Nike, and Spanish clothing giant Inditex have all topped Forbes' 2017 The World's Biggest Public Companies ranking.

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Innerwear specialists Naked and Bendon to merge

05/26/2017

Lingerie, sleepwear, and swimwear specialists Naked Brand Group and Bendon Limited are to merge, in a move that will create "a powerful portfolio of iconic brands."

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US Q1 in brief - Caleres, Genesco, Dollar Tree, Abercrombie & Fitch

04/12/2017

In the most recent first-quarter filings from US apparel and footwear brands and retailers, Guess saw earnings fall on soft Americas sales, while Walmart delivered an encouraging start to the year thanks to higher sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic acro...

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Top stories this week on just-style...

05/26/2017

Top stories this week on just-style include a look at the biggest threats to global supply chains in 2017, Marks & Spencer admits "there is still much to do" as profits slumped by almost two-thirds, a new survey into fashion shopping habits finds consumers buy more clothes than they need and use, and Levi Strauss & Co grants US$350,000 to develop new approaches and innovations in the apparel...

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Browns Shoes picks new order management system

05/26/2017

Canadian footwear retailer Browns Shoes has invested in a new order management system (OMS) to manage growth and boost efficiency and effectiveness with ship-from-store services.

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Heatwave hits workers in Bangladesh garment factories

05/26/2017

A heatwave sweeping through Bangladesh has led hundreds of garment workers to collapse, according to local media reports.

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Pakistan and Turkey edge closer towards FTA

05/26/2017

The seventh round of talks on a Free Trade Agreement (FTA) between Pakistan and Turkey are due to take place early next month, with textiles said to be among the specific sectors under discussion before the deal is finalised.

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Learn more about data driven PLM in this free webinar

05/26/2017

Visual Next, the end-to-end software solutions provider for the apparel and footwear industry, is hosting a webinar on just-style next week to look at the trending topic of 'Big Data' for fashion business.

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Collaboration key to driving responsible sourcing

05/23/2017

The key message at this year's Copenhagen Fashion Summit was that the global apparel and textile industry needs to take a holistic view on how it tackles sustainability and responsible sourcing - with collaboration the key to making any real impact.

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Clothing brands commit to 100% sustainable cotton by 2025

05/24/2017

Asos, Kering, Levi Strauss & Co and Nike are among 13 clothing and textile brands who have committed to using 100% sustainable cotton by 2025.

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New colour systems offers greater precision

05/25/2017

A new colour-coding system has been developed that uses logical codes and intuitive design to help fashion and textile firms achieve and communicate a more accurate and precise colour.

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Topshop Australia placed into administration

05/25/2017

Fashion retailer Topshop Australia has been placed into voluntary administration, putting its nine standalone stores, 17 Mya concessions and online business under review.

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First third-party audit of forest-based fabrics

05/24/2017

Austrian fibre company Lenzing has become the first of the world's leading viscose fibre producers to undergo an audit designed to assess their progress on eliminating endangered forests as the source of the raw material in their products.

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Africa sourcing event focuses on sustainability

05/25/2017

Sustainability will be the main theme for the Africa Sourcing & Fashion Week trade fair later this year in Ethiopia, with a focus on production, the environment and certifications.

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Sympatex closes the loop with 4.0 functional jacket

05/25/2017

Functional fabric specialist Sympatex has partnered with environmental activist group Greenpeace to develop a prototype of what it claims is the "ultimate" functional jacket, combining performance with sustainability to close the loop.

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US Senate advances 'Made in America' bill

05/25/2017

The US Senate Commerce Committee has approved the 'Reinforcing American-Made Products Act' concerning the labelling of products made in the United States.

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