In the money
A regular in-depth analysis prompted by what’s happening in the financial world and how it impacts on the apparel and footwear supply chain from manufacturing to retail.
Superdry brand owner SuperGroup has revealed plans to adapt its buying model to source more directly and flexibly, with the aim of improving efficiency and speed to market.
Sporting goods giant Nike Inc says it will continue to put substantial money and resources into its supply chain to increase speed to market, and ensure it stays ahead on innovation.
US women's wear retailer Ann Inc sees the supply chain as a key lever for enhancing its profitability, and has identified $50m in ongoing annualised gross margin benefits over the next two years.
If 2014 began as a year full of promise for German sports group Adidas – thanks to its strong presence at the World Cup in Brazil – it closed with an air of slight disappointment, thanks to reversals in golf, Russia and the currency exchanges. But it now has its sights set on North America.
US department store retailer JC Penney has said one of its biggest opportunities for incremental growth in the near term is in omni-channel, as it looks to deliver continued improvements in the business.
Denim giant Levi Strauss & Co has said the “volatile” and “unpredictable” delays occurring on the West Coast ports could adversely affect its supply chain and product availability if it continues.
H&M Hennes & Mauritz has acknowledged that pricing may have to fluctuate to reflect challenges created by the increasingly strong US dollar, which is affecting sourcing costs for the Swedish apparel group.
Canadian yoga wear brand Lululemon Athletica says it has turned an important corner and will be relentless about accelerating forward, after revealing third-quarter earnings that beat expectations.
Clothing and footwear business Pacific Brands has said it will consider selling more of its brands as it continues to find ways to drive a better company performance.
It's no wonder sporting goods giant Nike is feeling bullish about its long-term growth opportunities, after booking what has been described as a "flawless" performance in the first quarter. And what's more, the company is looking to raise the bar even higher in the future.
Teen apparel retailer Abercrombie & Fitch Co is aiming to remove the logos from its garments on sale in North America by next spring as it focuses instead on more on-trend merchandise.
After booking a "stellar" first-quarter performance, UK value fashion retailer New Look has put the brakes on its expansion into Russia, citing concerns over the worsening political situation in the country.
German sporting giant Adidas says it remains "fully committed" to the Russian market, despite plans to close stores and significantly pare back the opening of any new ones in the country this year and next.
Hennes & Mauritz says there is a growing understanding and demand from its customers for sustainable and ethically sourced clothing - areas the Swedish fashion retailer says it will continue to pursue.
Weather issues and a volatile macro environment are unlikely to derail PVH Corp, analysts believe, despite the apparel giant revealing earnings yesterday (5 June) that missed expectations. The company also offered an optimistic outlook for the rest of the year.
- Myanmar - right time, right place, new challenges
- 3D printing gears up for fashion industry change
- Apparel working conditions linked to profit
- Cutting pollution saves China textile mills money
- Adidas worker hotline bridges communication gap
- China cotton imports to rise as Xinjiang cuts crop
- Crystal first China licensee of RevoLaze tech
- Cambodia growth to slow on competition and cost
- Traceable label offers textile transparency
- Levi Strauss upbeat despite Q1 declines