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Market Buzz& Industry News

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Foot Locker invests $2m in footwear design academy

01/22/2019

Foot Locker Inc has made a $2m strategic investment in a leading footwear design academy, which will give the specialty athletic retailer and its vendor partners new access to collaborative design and manufacturing talent.

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Li & Fung speeds digital strategy with new hire

01/22/2019

Li & Fung has taken another step to building "the supply chain of the future" after hiring Darren Palfrey to the new role of chief digital officer (CDO).

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Volcom launches Farm To Yarn organic cotton range

01/21/2019

US skate, swim, and snowboarding lifestyle brand Volcom has partnered with social enterprise CottonConnect on an initiative that allows it to trace certified organic cotton back to farms in India.

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Strong Q4 helps Hugo Boss to hit FY targets

01/22/2019

Shares in Hugo Boss were up by more than 5% this morning (22 January) as the German fashion brand hit its targets for 2018 and recorded acceleration in sales growth.

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Vietnam eyes 2019 garment export growth to US$40m

01/17/2019

Vietnam's textile industry is eyeing export growth to US$40m in 2019, a rise of 10.8% on the year before - thanks to the highly competitive nature of the Vietnamese products and higher investments in the textile and dyeing industry.

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Sustainability and profitability an 'either-or' choice

01/22/2019

Economic performance is the top ranking corporate sustainability priority for the majority of organisations, according to a new global survey of supply chain decision makers - yet tensions exist on whether sustainability or profitability is of greater importance.

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Premiere Vision Sport materials show to launch in US

01/22/2019

Two trade fair organisers are teaming up to tap into growing demand for high-performance and technical materials for sports and athleisure clothing and footwear.

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Matalan embarks on item-level RFID rollout across 220 stores

01/22/2019

Value fashion and homeware retailer Matalan is rolling out item-level RFID across all its 220 stores in the UK to enhance inventory accuracy and customer service.

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Drexler steps down from J Crew after 15 years

01/22/2019

Millard Drexler is to step down as chairman of US fashion retailer J Crew after 15 years with the company, following hot on the heels of the former CEO who departed two months ago.

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World-leading shipping agreement extended to 2027

01/22/2019

Members of the Ocean Alliance, the world's largest operational agreement between shipping companies, met in China last week to sign a five-year extension of the deal.

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YKK launches personalised printed zipper

01/22/2019

Among the latest developments from Japanese fastener business YKK is a new printed and customisable zipper suitable for use in both footwear and apparel.

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How TexOps is restructuring to hedge Central America 'renaissance'

10/12/2018

"The supply chain is getting whipsawed," is how David Ha, owner of Salvadoran sportswear maquila TexOps, describes the state of the current global sourcing market in this exclusive interview with just-style.

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US-China trade spat shifts sourcing to risky markets

01/18/2019

The ongoing US-China Trade War has shifted global sourcing away from China to other less mature markets where ethical and quality control compliance issues in manufacturing are more prevalent, according to an analysis of data collected during hundreds of thousands of onsite inspections, audits and lab tests.

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Calls for US-UK trade pact to reduce access costs

01/21/2019

The American Apparel & Footwear Association (AAFA) says a trade agreement between the US and the United Kingdom must ultimately expand trade between the two countries while reducing regulatory and market access costs currently associated with those trade links.

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US government shutdown threatens to delay VF Corp spin-off

01/21/2019

The ongoing US government shutdown is threatening to delay VF Corp's planned spin-off of its jeans division, CFO Scott Roe told an audience of investors in the wake of the company's Q3 results.

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Tommy Hilfiger develops 100% recycled cotton jeans

01/21/2019

Tommy Hilfiger is to introduce 100% recycled cotton denim styles in its spring Tommy Jeans collection, thanks to support from parent company PVH's Denim Center in Amsterdam - its first hub in Europe dedicated to setting new standards for producing denim in a faster, more consistent and more environmentally-friendly way. 

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Cyber joins global risk list for the first time

01/21/2019

Cyber risk is now a core concern for businesses in 2019 and beyond, joining Business interruption (BI), climate change and shortage of skilled workers as some of the biggest challenges that firms face.

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Can new creative director help Superdry turnaround?

01/21/2019

Following plans outlined at the end of last year to shake up its supply chain after a 49% slide in profits, UK retailer Superdry is appointing new creative director to take charge of brand innovation.

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Puma expands with new North American headquarters

01/21/2019

German sportswear brand Puma is to establish a new North American headquarters that will bring together two existing offices as part of plans to speed collaboration, creativity and innovation within its business.

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'Zero tariffs' on agenda for EU-US trade talks

01/21/2019

Brussels has set out its negotiating objectives as part of planned EU-US trade talks, with the focus on two points: conformity assessment and the elimination of tariffs for industrial goods.

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