X

Market Buzz& Industry News

brought to you by Gamechangers

How to support a virtuous sourcing circle in Ethiopia

05/20/2019

From Bangladesh to Ethiopia, garment manufacturing is a potential path to economic development. But this will only happen if Western brands and retailers adopt specific sourcing practices, according to Dorothée Baumann-Pauly and Auret van Heerden from the NYU Stern Center for Business and Human Rights.

Full Story

Inditex to promote Carlos Crespo to CEO

05/24/2019

Spanish clothing giant Inditex, the world's largest clothing retailer, is to promote its chief operating officer Carlos Crespo to the role of chief executive, helping to move the company towards its digital and sustainability goals.

Full Story

Mothercare widens FY loss amid sourcing overhaul

05/24/2019

Losses have continued to mount at UK-based mother, baby and children's goods retailer Mothercare amid declining sales and costs incurred during major restructuring activity.

Full Story

H&M uses consumer data to launch custom collection

05/24/2019

Swedish apparel giant Hennes & Mauritz (H&M) has harnessed specially collected data to launch a new custom-made collection for customers in Berlin, Germany. 

Full Story

New blockchain solution to trace viscose rayon production

05/24/2019

Asia Pacific Rayon (APR), a vertically integrated producer of viscose rayon, has launched a mobile app for its 'Follow Our Fibre' initiative that will provide traceability and transparency over its production value chain from seed to fibre. 

Full Story

Turkey loses US GSP preferential trade status

05/24/2019

The United States has terminated Turkey's designation as a beneficiary developing country under the Generalized System of Preferences (GSP) programme.

Full Story

US group raises concerns over Bangladesh worker issues

05/24/2019

A group representing US apparel retailers, brands and importers has written to the Prime Minister of Bangladesh to warn that growth in the country's ready-made garment industry is threatened by the government's response to this year's minimum wage protests and a wavering commitment to the future of worker safety.

Full Story

Deckers Brands FY sales pass $2bn milestone

05/24/2019

US apparel and footwear group Deckers Brands passed the US$2bn revenue mark for the first time in fiscal 2019, thanks in part to surging sales of its Hoka One One running shoes brand.

Full Story

Top stories this week on just-style...

05/23/2019

Top stories on just-style this week include a look at how the potential for additional tariffs on US apparel and footwear imports from China poses a threat to retail profitability, Arcadia Group has unveiled a rescue plan that will see the closure of 23 stores, and Kontoor Brands begins trading as an independent company following its spinoff from VF Corporation.

Full Story

US Q1 in brief - Ross Stores, L Brands, Target Corp

04/10/2019

In the latest first-quarter filings from US apparel and footwear brands and retailers, Urban Outfitters booked record first-quarter sales, Kohl's started the year slower than it would have liked, Walmart revealed a rise in both earnings and revenue, and Macy's delivered its sixth consecutive quarter of comparable sales growth.

Full Story

Adidas teams with Parley for the Oceans on new Alphaedge 4D

05/22/2019

Adidas has launched three new iterations of its Alphaedge 4D running shoe - including a new Parley for the Oceans edition made with upcycled ocean plastic -  featuring the Adidas 4D midsole developed in partnership with technology company Carbon.

Full Story

Arcadia Group CVA to close 23 stores - but is it enough?

05/23/2019

Retailer Arcadia Group, owner of the Topshop, Topman, Miss Selfridge, Burton and Dorothy Perkins chains, has today (23 May) announced plans for a company voluntary arrangement (CVA) that will see the company shutter 23 of its stores in the UK and Ireland. 

Full Story

Industry-wide audit framework to launch in India

05/23/2019

An initiative that aims to eliminate audit fatigue by replacing current proprietary tools with a single framework for social and labour compliance is to launch operations in India as well as China, Sri Lanka and Taiwan later this month.

Full Story

Kontoor Brands begins trading following VF spinoff

05/23/2019

Kontoor Brands has completed its separation from VF Corporation and is now a global, independent, publicly traded company that will trading today (23 May) on the New York Stock Exchange.

Full Story

US apparel industry points to higher prices in 2019

05/22/2019

US apparel manufacturers have reported an increase in prices paid during the first four months of 2019 and are predicting price increases for all of 2019 - with the majority pointing at tariffs as the reason for bumping up prices.

Full Story

New coat hanger recycling service launches in UK

05/23/2019

Recycling company First Mile has launched a new coat hanger recycling service aimed at tackling the millions of hangers that end up in UK landfill sites every year - with the UK operations of major fashion retailer Inditex (including Zara) already signed up.

Full Story

Instagram Shopping a platform for impulse purchases

05/22/2019

Clothing retailers stand to benefit from a new tool developed by Instagram that makes it easier to shop on the platform by translating social media views to sales.

Full Story

US Q4 in brief - VF Corp, Boot Barn Holdings, Destination Maternity

02/06/2019

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.

Full Story

Huijie Group adopts PLM for digital development

05/23/2019

Chinese intimate apparel company Shenzhen Huijie Group (Huijie) has implemented a new PLM system to help build a digital platform for its Langerie underwear brand.

Full Story

Pakistan textile and garment export growth slow in April

05/22/2019

Pakistan's textile exports slipped 0.85% year-on-year during April to US$1.13bn - but the country saw a 14.74% surge in readymade garment exports to US$231.3m.

Full Story