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Market Buzz& Industry News

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From Field to Shelf - How the apparel industry can become exceptional

06/29/2020

As disheartened members of this supply chain, and as optimistic consumers, we commit to being part of the 20% - the minority demanding and developing, launching, and implementing new and sustainable innovations and standards up and down the supply chain. By Robert Antoshak, managing director of Olah Inc, and April Kappler, consultant to the cotton and textile supply chain.

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US retail imports improving but remain far below last year

07/09/2020

Imports at major US retail container ports are expected to remain significantly below last year's levels into this autumn as the impact of the Covid-19 pandemic continues.

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Eight John Lewis stores set to permanently close

07/09/2020

Eight John Lewis stores will permanently shutter as the group presses forward with a major business strategy review.

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UK online clothing sales continue to fall as demand yet to return

07/09/2020

The reopening of the UK high street last month appeared to have little impact on online retail sales as they spiked to a new 12-year high in June but demand for clothing failed to return with both womens and menswear hit.

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Nextil gears up for athleisure and wellness demand

07/08/2020

Leading European textile and garment group Nextil is preparing to launch new athleisure and wellness products to tap into changing consumer habits resulting from the coronavirus pandemic.

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BGMEA Covid-19 field hospital to treat garment workers

07/09/2020

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has opened a 50-bed Covid-19 field hospital in Chattogram to provide free medical treatment to garment workers infected with coronavirus.

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US and Kenya formally launch trade negotiations

07/09/2020

The US and Kenya have formally launched trade agreement negotiations as the two countries look to deepen economic ties and complement Africa's regional economic integration efforts.

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Fashion industry efforts to address global PPE shortages - Update

03/27/2020

Crystal International and Gap Inc are among the latest fashion firms to mobilise their production facilities and supply chains to help address the global shortage of personal protective equipment (PPE), including face masks and hospital gowns, amid the coronavirus (Covid-19) pandemic. 

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Brooks Brothers latest to file for bankruptcy

07/08/2020

US men's wear retailer Brooks Brothers has become the latest company to file for bankruptcy protection after being hit by falling sales and declining demand for its business attire.

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Brands bail on Boohoo as it launches supplier investigation

07/08/2020

A number of major online fashion retailers, including Next and Asos, have dropped the Boohoo Group's brands from their websites over claims of exploitation and unsafe conditions at one of its UK supplier factories.

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Boohoo investigation could have lasting impact on transparency in fashion

07/08/2020

Boohoo's share price slumped 22% in morning trading today (8 July) as a growing number of retailers ditched the group's brands from their websites over claims of exploitation and unsafe conditions at one of its UK supplier factories. Analysts have questioned where Boohoo goes from here and how it will affect fashion's transparency problem.

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Bangladesh highlights Covid's "devastating" impact on RMG sector

07/08/2020

The Prime Minister of Bangladesh, Sheikh Hasina, has said the Covid-19 pandemic has had a "devastating impact" on the country's readymade garment (RMG) sector and expressed concern over the growing level of job losses on the economy. 

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Levi Strauss to axe 700 corporate jobs amid Q2 loss

07/08/2020

Levi Strauss & Co has outlined plans to slash its corporate workforce in a move expected to generate US$100m in annualised savings as the jeans giant has swung to a loss in the second quarter.

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Pentland to make 350 job cuts and "hibernate" Boxfresh brand

07/08/2020

Pentland Brands is to make around 350 jobs cuts as part of a strategic review of the business that will see it "hibernate" the Boxfresh brand and resize its support functions.

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Levi Strauss rolls out support measures for struggling suppliers

07/08/2020

Levi Strauss has committed to paying in full for complete and in-progress orders from its suppliers across the world and has provided access to financial support to all of its suppliers to help them weather payment delays.

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US trade deficit in goods up 9.7% in May

07/08/2020

US trade deficit in goods and services was up 9.7% in May from a month earlier as trade volumes continued on their downward trajectory due to the Covid-19 pandemic which meant many businesses were operating on a limited capacity or ceased operations completely. 

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Amazon latest to join CanopyStyle initiative

07/08/2020

Online retail giant Amazon has become the last firm to pledge a commitment to stop sourcing the raw material for its viscose and rayon textiles from ancient and endangered forests.

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Technology key to navigating post-Covid fashion system

07/06/2020

Technology is at the heart of the apparel and textile industry's emergence from post-Covid lockdown, with digitalisation now key to helping brands navigate the fragile system the pandemic has exposed.

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Weak due diligence reporting in Dutch sustainability pact

07/07/2020

The Dutch Agreement on Sustainable Garments and Textiles (AGT) has been criticised after an investigation found member affiliates failing to adequately address specific problems around human rights risks in the factories they work with.

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Amazon sets up Counterfeit Crimes Unit in fakes crackdown

07/07/2020

Online retail giant Amazon has established a new Counterfeit Crimes Unit in a bid to crackdown on fakes being sold on its platform. 

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