X

Market Buzz& Industry News

brought to you by Gamechangers

From Field to Shelf - Does coronavirus mark the end of globalisation?

03/23/2020

Are we witnessing the end of globalisation? The simple answer is no. But there is a more nuanced response: globalisation will survive, but it will be different from what we've known, believes Robert Antoshak, managing director at Olah Inc.

Full Story

US planning three-month duty deferral for some apparel?

04/01/2020

US apparel and footwear retailers and importers are cautiously optimistic at reports the Trump Administration is planning to stop collecting duties on imports for at least three months to help ease the economic fallout of the coronavirus.

Full Story

Bangladesh could see US$6bn hit from order losses

04/01/2020

Bangladesh could stand to lose around US$6bn in export revenues as brands and retailers continue to cancel orders from the apparel sourcing major.

Full Story

Timeline - How coronavirus is impacting the global apparel industry - FREE TO READ

03/16/2020

Since the coronavirus (Covid-19) outbreak began in China at the end of 2019, its impact has been felt across the global apparel and textile sector. just-style's timeline shows how the pandemic is evolving - and will be updated as developments unfold.

Full Story

Fashion industry efforts to address global PPE shortages - Update

03/27/2020

Retailers H&M, Canada Goose, Nike Inc and luxury firms including Kering are among those mobilising their production facilities and supply chains to help address the global shortage of personal protective equipment (PPE) including face masks and hospital gowns amid the coronavirus (Covid-19) pandemic. 

Full Story

Europe's textile & apparel sector facing 50% drop in sales

04/01/2020

The European textile and clothing manufacturing industry is expecting a drop of more than 50% in sales and production this year as a result of the coronavirus outbreak, with the majority already laying off workers and suffering financial constraints, new figures show.

Full Story

China exports hit as coronavirus spreads across the globe

04/01/2020

A textile trade body in China has said the number of firms cancelling export orders is growing by the day, leading to increasing pressure on upstream firms' supply chains.

Full Story

International Apparel Federation urges supply chain solidarity

04/01/2020

The International Apparel Federation (IAF) is adding to calls for solidarity and collaboration by the apparel supply chain and its stakeholders - including governments and consumers - to reduce the damage to suppliers in the face of the coronavirus crisis. 

Full Story

BCI establishes task force on forced labour and decent work

04/01/2020

The Better Cotton Initiative (BCI) has established an expert task force to review selected elements of its Better Cotton Standard System in relation to forced labour and decent work. 

Full Story

Global retail closures as coronavirus spreads - Update

03/16/2020

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 

Full Story

Global retail staff and salary reductions amid Covid-19

04/01/2020

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:

Full Story

Pakistan textile sector calls for further government help

04/01/2020

Pakistan's textile sector has thanked the government for its efforts to "keep the industry afloat" and protect workers amid the coronavirus pandemic, but has called for further measures to protect its future, including a reduction in interest rates.

Full Story

Top stories on just-style in March...

03/31/2020

Top stories on just-style in March were unsurprisingly dominated by the impact of the coronavirus (Covid-19) pandemic on the global apparel industry and its supply chain. We take a look at how retail and fashion companies and their supply chains might fare coming out of the crisis, and industry efforts to address the global shortage of personal protective equipment (PPE). The list also includes...

Full Story

Oeko-Tex eases certificate renewal process amid Covid-19

04/01/2020

The Oeko-Tex Association is adapting its processes for renewing certificates in light of the Covid-19 pandemic, in a move aimed at easing the burden on production facilities. 

Full Story

China's Gomino selects PLM for product development

04/01/2020

Chinese leatherwear firm Zhejiang Gomino Clothing is standardising its product development with a new Product Lifecycle Management (PLM) solution.

Full Story

Tunisia garment sector adds concerns over Covid-19 impact

03/21/2020

Tunisia's textile and garment sector is warning of major commercial and humanitarian damage because of production stoppages and order cancellations resulting from the ongoing coronavirus crisis.

Full Story

Inditex pays virus-hit factory workers in Spain - for now

12/09/2019

Spanish fashion giant Inditex, which owns the Zara fashion chain, is to pay its Spanish workers their full salaries until 15 April, just-style has been told - including those in its domestic factories.

Full Story

H&M agrees payment to suppliers for cancelled orders

03/31/2020

Swedish apparel retailer Hennes & Mauritz (H&M) has said it will pay and take delivery of goods already manufactured by its suppliers, as well as those in production.

Full Story

Covid-19 highlights need for apparel purchasing practices reform

03/31/2020

The fashion industry needs to re-think how it does business, in light of the impact of Covid-19, and purchasing practices must be reformed for social and environmental sustainability, a new academic paper has suggested.

Full Story

Vietnam textile sector anticipates $467m hit from coronavirus

03/31/2020

The Vietnamese textile and garment sector could see a VND11trn (US$467m) hit from the fallout of coronavirus, one of the country's main textile groups has said. 

Full Story