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Market Buzz& Industry News

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Sourcing costs and uncertainty subdue US fashion firms

07/22/2019

Ongoing trade uncertainty, coupled with a 20% hike in the cost of sourcing from Bangladesh, Vietnam and India - the main alternatives to China - are the biggest concerns facing today's US fashion industry executives. And not surprisingly, they're contributing to a more downbeat outlook for the future.

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New app for at-a-glance chemicals management

07/22/2019

International brands and retailers including Bestseller, Lindex, Orsay, Li & Fung, Lidl and Tchibo are piloting a new chemical management app that gives an at-a-glance view of chemical usage in their global supply chains.

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Better Buying to charge brands and retailers for survey results

07/22/2019

Better Buying, the initiative that encourages suppliers to rate the purchasing practices of global brands and retailers, is to start charging a subscription fee for companies to access feedback on their performance. 

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New Bonmarche owner "eyes" Jack Wills acquisition

07/22/2019

The owner of Edinburgh Woollen Mill has reportedly tabled a bid for UK high street fashion brand Jack Wills.

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Vietnam garment exports rise 8.7% in H1

07/22/2019

Vietnam's garment and textile exports have risen 8.61% in the first six months of 2019 to US$17.97bn, according to new figures from the Vietnam Textile and Apparel Association (VITAS).

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Ex-Ted Baker chief set to back business buyout?

07/22/2019

Ray Kelvin, the disgraced founder of fashion retailer Ted Baker, is reportedly planning to back a private equity buyout of the company - just a few months after standing down following allegations of sexual harassment.

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JC Penney denies debt restructuring claims

07/22/2019

US retail giant JC Penney has responded to reports the company has hired advisers to explore debt restructuring options, noting it has a "strong liquidity position" and is not preparing for a restructuring or bankruptcy.

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American Eagle launches extended sizing for denim

07/19/2019

Global specialty retailer American Eagle Outfitters' (AEO) is expanding its jeans sizes up to a 24 for women and a 48 for men, in a move that will help it drive a more personalised experience in-store and online.

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Archroma formaldehyde-free binder for pigment prints

07/22/2019

Swiss colour and speciality chemicals manufacturer Archroma has launched a new formaldehyde-free low temperature curing binder to tackle some of the challenges of pigment printing.

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British MPs set up new probe into fashion sustainability

07/19/2019

The UK government has formed an All Party Parliamentary Group (APPG) to probe the sustainability of the clothing and textiles industry, including supply chains, materials used and consumer behaviour.

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Bangladesh guidelines on garment subcontracting

07/18/2019

A new guideline aimed at stemming unauthorised subcontracting in Bangladesh's textile and clothing sector will help control its "unplanned" expansion - but at a risk of increased costs and lost jobs, industry owners warn.

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Dressbarn to wind down all stores by year-end

07/19/2019

US women's wear retailer Dressbarn is continuing to wind down its business - with all retail stores due to close by the end of 2019.  

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Sneaker brand Rens makes shoes from coffee grounds

07/19/2019

Sustainable footwear startup Rens Original has secured more than US$200,000 in funding via Kickstarter to manufacture its 100% waterproof sneakers - which are made using recycled coffee grounds.

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African Continental Free Trade Area moves closer

07/16/2019

With more than 50 countries signed up to the African Continental Free Trade Area (AfCFTA), discussions across the trade bloc are now focusing on how it will operate.

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Japan's Matsuoka to open fourth apparel plant in Vietnam

07/18/2019

Japanese garment manufacturer Matsuoka Corp is to set up a new $3m production facility in Vietnam as it looks to lessen its reliance on China.

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New circular economy Learning Hub launches

07/19/2019

The Ellen MacArthur Foundation has launched a new 'Learning Hub' to help explain the the circular economy and its impact on a number of industries, including fashion.

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US Q2 in brief - Levi Strauss & Co, Skechers USA

07/10/2019

In the latest second-quarter filings from US apparel and footwear brands and retailers, denim major Levi Strauss & Co says costs associated with its initial public offering (IPO) earlier this year have weighed on earnings, while Skechers USA booked record second-quarter sales with revenue reaching US$$1.26bn.

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Chico's FAS names Brooks CEO of nimbler organisation

07/19/2019

US women's wear retailer Chico's FAS has named Bonnie Brooks as its new CEO and president - one of a number of executive changes under a new organisational structure to create clear lines of responsibility within the business. 

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Top stories this week on just-style...

07/19/2019

Top stories this week on just-style include a look at Marks & Spencer's journey to sourcing more sustainable cotton, new sustainability commitments from Zara owner Inditex, China's changing role as the clothes sourcing go-to, and new guidelines to help firms tackle waste, pollution and harmful practices in jeans production.

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China's changing role as the go-to for clothes sourcing

07/11/2019

China's role as the clothes sourcing go-to for most of the apparel industry is set to change, driven by a perfect storm of factors including labour costs, exchange rates and the cost of raw materials, and a rampant domestic market, according to John McClure, M&S head of sourcing for the Far East?.

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