Top stories on just-style this week...

31 October 2008 | Source: just-style.com

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

Tesco delays supplier payments

UK: Tesco alters non-food supplier payment schedules

UK supermarket giant Tesco has negotiated deals to delay its payments for non-food suppliers. The company will change payment terms from every 30 to every 60 days from 1 December as part of a global supplier review.

Wal-Mart store remodels

US: Wal-Mart scales back new store development
Wal-Mart is set to reduce capital spending by nearly 13% this year as it focuses on remodelling existing stores and growing its international roster of outlets. Capital efficiency and improved return on investment are the watchwords for the US company as it plans its store development during the economic downturn.

Adidas sees storming China sales

CHINA: Adidas on track for sales of EUR1bn by 2010

Global sports brand Adidas is on track to generate sales of EUR1bn (US$1.23bn) in China by 2010, as it continues to build on the momentum generated by this summer's Olympic Games in Beijing.  Wolfgang Bentheimer, managing director of Adidas Greater China, told just-style the brand's huge investment  on the Games' sponsorship and advertising campaign have finally given it market leadership in China.

Obama reveals his trade plans

US: Obama says supports Chinese import monitoring

US presidential candidate Barack Obama has promised that if he is elected next week he will launch a programme to monitor imports of Chinese textiles and apparel once safeguards are removed at the end of this year. The Democratic Senator outlined his plans on six other key issues relating to the domestic textile industry in a letter to a US textile group.

Liz Claiborne sees sales slump

US: Liz Claiborne slashes Q4 profit forecast

Apparel maker Liz Claiborne on Friday (24 October) slashed its fourth quarter earnings projections as consumers in every region continue to cut back on discretionary spending, and said it plans to cut capital expenditure by half next year. William L McComb, chief executive officer of Liz Claiborne Inc, said sales and profitability throughout the holiday season are likely to be "significantly below our prior expectations."