X

Market Buzz& Industry News

brought to you by Gamechangers

How purchasing practices impact apparel supply chains

05/22/2018

Sustainability and social responsibility is no longer just an option in business, it has become a commercial imperative and needs to be integrated into the DNA of a company. But are businesses really there yet? And are workers' lives are actually improving as a result of social and environmental auditing?

Full Story

What Marks & Spencer's FY numbers mean for clothing

05/23/2018

Today's (23 May) full-year results from Marks & Spencer have once again emphasised the challenges it faces in reinvigorating its clothing business, with the UK retail group posting a 1.9% fall in like-for-like clothing and home sales. While CEO Steve Rowe is optimistic the group's wider five-year transformation plan is off to a good start, is this enough to revive the retailer's fortunes?

Full Story

M&S FY profit slumps 74.8% on store closure costs

05/23/2018

M&S has revealed profits slumped by almost three-quarters last year as a result of declining sales of clothing, food and homeware and what CEO Steve Rowe called "short-term costs" as a result of its turnaround plan.

Full Story

Clarks optimistic on future despite moving to a loss

05/23/2018

UK footwear manufacturer Clarks has sounded an upbeat note despite moving to a loss in its last financial year, hurt by historic losses in the US.

Full Story

Patented treatment makes cotton dyeing more sustainable

05/23/2018

A breakthrough technology that reinvents the cotton dyeing process, making it significantly more efficient and environmentally friendly, has been named the winner of an innovation competition at this year's Copenhagen Fashion Summit.

Full Story

Bagir shares slip as Shandong Ruyi talks drag on

05/18/2018

Shares in Bagir Group dropped 10% today (23 May) after the tailored clothing maker said talks with a leading Chinese textile group to buy a majority stake in the business are still ongoing.

Full Story

Brands back new bio-based fibres collaboration

05/23/2018

A group of fashion and textile companies, including H&M and Vaude, are collaborating on a project to produce more sustainable fibres for commercial use by using renewable feedstocks and bio-based technologies.

Full Story

Metsa Group softwood pulp fibre plant progressing

05/23/2018

Finnish forest industry products company the Metsä Group is to begin producing sustainable softwood pulp-based textile fibres through the establishment of a new innovation arm.

Full Story

How to speed up the product creation process

05/23/2018

As brands and retailers come under increasing pressure to respond to consumer demand for new trends, slashing time in the development process offers the greatest potential for companies to remain competitive.

Full Story

Isko first Turkey manufacturer to become ZDHC affiliate

05/23/2018

Denim manufacturing giant Isko has become the first Turkish manufacturer to become a signatory member of the Zero Discharge of Hazardous Chemicals (ZDHC) group.

Full Story

US Q1 in brief - Target, TJX Companies, Urban Outfitters

04/11/2018

In the latest first-quarter filings from US apparel and footwear brands and retailers, Macy's upped its guidance on the back of higher than expected earnings and sales, while Differential Brands widened its net losses. TJX Companies booked growth in both earnings and sales, while Kohl's booked a strong start to fiscal 2018.

Full Story

A&E develops Repreve recycled thread for footwear

05/23/2018

Building on its relationship with US yarn maker Unifi, sewing and embroidery thread major American & Efird (A&E) has developed a new eco-friendly, performance sewing thread using the Repreve recycled filament fibre and designed for use in footwear.

Full Story

Long-term links have little impact on buying practices

05/22/2018

The length of a relationship between buyers and suppliers has little impact on the nature of buying practices, new research has found, with many suppliers finding little incentive to be compliant to buyer codes of conduct.

Full Story

Jordan garment sector makes progress on compliance

05/22/2018

Working conditions in Jordan's garment sector are continuing to make "important progress," according to a new report, but a lot remains to be done if the industry is to move beyond compliance.

Full Story

JC Penney CEO Ellison steps down in move to Lowe's

05/22/2018

Beleaguered US department store chain JC Penney has announced the resignation of chairman and CEO Marvin Ellison.

Full Story

M&S "perilously close" to losing top clothing retailer spot

05/22/2018

Marks and Spencer is "perilously close" to losing its status as the UK's number one clothing retailer to Primark as the company announces plans to shutter more than 100 stores before 2022 as it reshapes its UK store estate in line with its target to take at least a third of sales online.

Full Story

Viscose giant Sateri axes two controversial suppliers

05/22/2018

Chinese viscose producer Sateri has terminated business with two suppliers for sourcing wood pulp from potentially endangered or ancient forests.

Full Story

Avery Dennison partners on fully-digital supply chain

05/22/2018

Apparel labelling and RFID specialist Avery Dennison has partnered with US robotics firm SoftWear Automation to help apparel manufacturers create a fully-digital supply chain.

Full Story

New lead limits for children's clothing in Canada

05/22/2018

The Canadian Government is imposing new limits on the lead content of products including children's clothing and accessories from November this year.

Full Story

Who has signed the new Bangladesh '2018 Accord' - Update

01/29/2018

More than two-thirds of the 220 companies who signed the Accord on Fire and Building Safety in Bangladesh have now committed to the new agreement set to come into effect when the current programme expires this month. German sportswear maker Puma, UK supermarket group Sainsbury's and Turkish denim manufacturer Mavi are among the latest to sign, taking the total to 162. Here we list the signatori...

Full Story