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Market Buzz& Industry News

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Arcadia on brink of administration?

11/27/2020

The struggling Arcadia retail group - owner of the Topshop, Miss Selfridge, Burton and Dorothy Perkins brands - is reported to be on the brink of collapse, putting around 13,000 jobs at risk.

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Will new government support Jordan garment sector?

11/20/2020

Jordanian garment manufacturers are hoping a newly formed government will help the country's clothing sector rebound from the impact of the Covid-19 pandemic.

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Fashion's guiding force - Look good, do good, feel good

11/19/2020

Fashion purchases are still and always will be driven by the desire to look good - but in order to feel good, shoppers are increasingly aligning with brands and actions that have a higher purpose to do good. By following the industry's new north star, companies can set themselves up for a more sustainable future, says Roit Kathiala.

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BCI trained 2.3m cotton farmers last season

11/25/2020

The Better Cotton Initiative (BCI) says more than 2.3m cotton farmers received training on more sustainable farming practices in the 2018-19 cotton season, with participants achieving a reduction in water and pesticide use while increasing yields and profits.

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Boohoo criticised in spoof Black Friday media campaigns

11/27/2020

The UK-based online fashion brand Boohoo faces mounting criticism from campaign groups this Black Friday weekend over allegations of underpaid wages owed to workers in Leicester factories.

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Top stories this week on just-style...

11/25/2020

Top stories on just-style this week include a look at how TAL Apparel is reinventing the face mask, according to CEO Roger Lee, and how Hong Kong is evolving into a leading sourcing and digital supply-chain services hub. A project aimed at improving communication between workers and managers in Gap Inc garment supplier factories has also boosted production efficiency, and Adidas has fallen off ...

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Crystal joins Fashion Industry Charter for Climate Action

11/27/2020

Hong Kong based manufacturing giant Crystal International Group has signed the Fashion Industry Charter for Climate Action to commit long-term climate goals.

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New guide helps retailers with chemical management

11/26/2020

Non-profit Clean Production Action has published a guide for retailers wanting to address consumer and investor concerns about hazardous chemicals in products.

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Chinese spinner Tiancheng to trace recycled cotton

11/25/2020

Chinese recycled cotton spinner Tiancheng Recycolor is teaming up with Dutch fibre solutions firm The Movement to verify its fully traceable recycled cotton yarn.

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Neatsy app aims to solve online footwear fit problem

11/25/2020

Start-up Neatsy AI is tackling the problem of online footwear fit with an app that makes an accurate 3D foot scan using only an iPhone.

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Boohoo appoints Sir Leveson to oversee supply chain revamp

11/26/2020

Boohoo has appointed retired judge Sir Brian Leveson to provide independent oversight of the UK online fashion retailer's Agenda for Change programme as the company looks to drive improvement in its supply chain and business practices.

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Adidas "coy" on Reebok sale rumours

11/26/2020

Adidas has refused to be drawn into speculation it has appointed investment firm JP Morgan to weigh a sale of Reebok.

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US could impose Vietnam 301 tariffs by January

11/26/2020

Plans by the US to place new tariffs, quotas, or other restrictions on imports from Vietnam could be imposed as early as January 2021.

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Amazon has a long way to go to lure luxury fashion shoppers

11/26/2020

Though its 'Luxury Stores' designer platform launched in the US in September 2020, Amazon will struggle to cement its place within the luxury fashion market while the service lacks the presence of key brands, only provides access to Prime members, and does not guarantee product authenticity.

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New appointments to help steer growth plan at Gap

11/26/2020

US speciality apparel retailer Gap Inc has appointed a new head for its Banana Republic brand and created a new chief growth officer role to help execute its strategic agenda.

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Egypt garment exports down 20% to September

11/26/2020

Egypt's ready-made garment exports declined by nearly 20% in the first nine months of the year, but grew in the month of September, according to new figures.

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Ascena Retail Group bans use of alpaca wool

11/25/2020

Ascena Retail Group - owner of the Ann Taylor, Loft and Lane Bryant chains - has become the latest fashion industry player to ban the use of alpaca wool and commit to eliminating the material from its product lines going forward.

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US Q3 in brief - American Eagle Outfitters, Chico's FAS, Abercrombie & Fitch

09/23/2020

The latest third-quarter filings from US apparel and footwear brands and retailers are a mixed bag, with some companies beginning to recover from the market disruption caused by the Covid-19 pandemic, while others are continuing to struggle. Urban Outfitters has seen profits jump 38%, while L Brands is back in the black, and Shoe Carnival has delivered the most profitable quarter in its history...

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Bankruptcy court approves JCPenney property plan

11/26/2020

A US bankruptcy court has approved JCPenney's plan to create separate property holding companies for its 160 of its real estate assets and all of its owned distribution centres. The so-called 'PropCos' are expected to complete the restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021.

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TAL Apparel raises the bar on face masks

10/28/2020

Having built its reputation as an 'Innofacturer' of added value clothing, it was a logical next step for Hong Kong-based garment giant TAL Apparel to apply this same approach to reinventing the face mask - as CEO Roger Lee explains.

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