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Market Buzz& Industry News

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US Q2 in brief - Rocky Brands, Skechers, Levi Strauss & Co

07/12/2017

In the most recent second-quarter filings from US apparel and footwear brands and retailers, global denim giant Levi Strauss & Co saw sales rise but net income slump as it works to refinance its debt, while Skechers booked a mixed quarter revealing falling earnings but record sales. Rocky Brands, meanwhile, moved to a profit thanks but saw sales slide. 

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Michael Kors acquires Jimmy Choo in US$1.2bn deal

07/25/2017

Luxury shoe maker Jimmy Choo has been acquired by fashion brand Michael Kors in a US$1.2bn cash deal that signals further consolidation in the luxury lifestyle sector.

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El Salvador to boost speed-to-market amid 6,000 job losses

07/24/2017

El Salvador has launched a plan to boost worker training and streamline customs to accelerate apparel exports to the US and improve its competitiveness against increasingly nimble players like Honduras.

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Five key costs linked to poor product quality

07/05/2017

For consumer-driven, competitive apparel and footwear companies, product quality is critical. When managed well, it can improve your brand image, strengthen your consumer relationships, and reduce your operational and financial costs.

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Global output growth remains on track for 2017

07/25/2017

Global output growth is expected to remain on-track in 2017 and 2018, new figures show, thanks to the macroeconomic implications of policy changes in the world's two largest economies - the US and China.

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Call for renewal of US cotton subsidy programme

07/25/2017

US cotton industry organisations and a bipartisan block of 135 Senators have written to President Donald Trump urging him to support an economic incentive programme put in place under the Obama administration to help cotton producers.

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UK Government in fashion supply chain crackdown

07/25/2017

The UK Government is to crack down on exploitation in the supply chains of large firms, with fashion retail one of the main industries being targeted.

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Clothing a bright spot in Pakistan full-year exports

07/25/2017

The value-added garments sector was the bright spot in a relatively stagnant year for Pakistan's exports in 2017, new figures show.

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Better Cotton membership jumped 40% last year

07/25/2017

The Better Cotton Initiative (BCI) says it continued to scale up and engage with more farmers globally last year, growing its membership by 40% in 2016 and generating a 28.5% rise in income.

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JCPenney appoints Jeffrey Davis CFO

07/25/2017

US department store retailer JCPenney has named Jeffrey Davis as its CFO following the departure of Edward Record.

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VF Corp lifts FY view on strong Q2, CEO to add chairman duties

07/24/2017

VF Corporation CEO Steven Rendle will take on the additional role of chairman when Eric Wiseman retires later this year - as the US apparel giant booked second quarter gains and raised its outlook for the year.

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Venezuela turmoil strangles apparel production

07/20/2017

As political chaos continues to engulf crisis-stricken Venezuela, the country's textile and apparel industry is on the verge of collapse - with both sales and exports expected to plummet this year.

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Bangladesh attempts to ease Chittagong port congestion

07/24/2017

The Customs House at Bangladesh's main Chittagong port has said it will remain open around the clock until further notice in a bid to ease increasing congestion that is understood to be hurting the country's garment export businesses.

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Abercrombie & Fitch to make debut on China's Tmall

07/24/2017

Struggling US apparel retailer Abercrombie & Fitch has announced its debut on Chinese e-retail platform Tmall, part of the Alibaba brand.

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EU men's and women's wear imports climbed in 2016

07/21/2017

The latest European Union (EU) trade trends point to a rise in imports of menswear and womenswear into the EU-28 last year - with China remaining the main supplier of these products.

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International Trade Union Confederation welcomes new Accord

07/24/2017

The International Trade Union Confederation (ITUC) has welcomed the new and improved Bangladesh Accord on Fire and Building Safety that will run to 2021 and promises to offer new worker protections and ensure more factories are inspected and renovated.

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Pakistan's MA Textiles moves into digital printing

07/24/2017

MA Textiles, one of Pakistan's leading textile printers, is expanding into digital production in a bid to enhance its services with fast turnarounds, short runs and crisp detail.

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Aptos to buy TXT Retail to accelerate omni-channel growth

07/24/2017

US retail technology solutions firm Aptos has entered into a deal to buy Italy's TXT Retail in a move designed to help retailers accelerate omni-channel transformations as the industry reaches a new urgency in speed-to-market, competing against online giants such as Amazon.

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Noble Biomaterials teams up with Lenzing on anti-odour fabrics

07/24/2017

Antimicrobial solutions provider Noble Biomaterials has teamed up with cellulose fibres specialist Lenzing Group to introduce a new range of sustainable high-performance textiles with anti-odour properties. 

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Trade policy tops sourcing concerns for US fashion firms

07/21/2017

The impact of trade protectionism, increasing market competition from e-commerce, and supply chain risk are the top concerns for US fashion industry executives in 2017, a new survey has found, overtaking more traditional worries like cost. Other findings point to an emerging 'China plus Vietnam plus Many' sourcing model, and more weight given to social compliance and sustainability in sourcing ...

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