Calvin Klein Inc
Ten days into her new role as American Apparel CEO, industry veteran Paula Schneider sounded a confident note as she told investors and anal...
A long-standing investment between two Hong Kong based companies - Crystal Group and Pacific Textiles Holdings - to set up a new fabric mill...
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.
Strategically located along the trading route between Asia and Africa, Mauritius is fast emerging as a major sourcing hub for textile and apparel products. Despite low-cost competition from Asia, the industry has successfully navigated its way through a plethora of challenges in the last few decades to emerge as a now high-tech, dynamic, and vertically integrated sector. Michelle Russell takes a closer look.
The Mauritian textile and apparel industry has overtaken sugar to become the country's largest export, with a turnover of around US$885m in 2013, a marginal increase of just 0.07% over the year before. Local textile and clothing manufacturers are working hard to sustain this growth, with several sharing their future ambitions with just-style.
Apparel giant PVH Corp has outlined a six-pronged plan for its Calvin Klein business that it hopes will improve the brand's performance, which continues to be under pressure in Europe.
There has been a lot of talk in recent years about the need to develop more strategic relationships between retailers and their suppliers to improve flexibility and add value across the supply chain. But according to Mark Green, executive vice president of the global supply chain at apparel giant PVH, the biggest changes in sourcing are yet to come.
PVH Corp has signed a joint venture agreement in Mexico that will allow it to maintain a direct ownership interest in its Calvin Klein and Heritage Brands businesses in the country, while gaining more control over Tommy Hilfiger in the region.
PVH-owned fashion brand Calvin Klein is to unify all its brands under one creative vision as part of a new global creative strategy that will see directors Francisco Costa and Italo Zucchelli depart.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
French fashion retailer The Kooples is being urged to stop selling angora and fur products in light of a new investigation which is said to have exposed “shocking” conditions at Chinese farms.
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
PVH Corp says it is “very well-positioned” in China and has not suffered as a result of the recent yuan devaluation, but will be “more conservative” with its Calvin Klein business in the country heading into 2016.
First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings.
The US has raised “serious” concerns over worker rights in Honduras and the enforcement of labour laws under the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA), following a probe into working conditions at facilities, including apparel factories.
US retail giant PVH Corp is to shutter its Izod men's sports and casual clothing retail business with the closure of 100 stores, blaming an increasingly competitive environment.
US clothing giant PVH Corp and Australasian apparel supplier and retailer Gazal Corp are extending the scope of their Australian joint venture with the addition of new brands.
PVH Corporation-owned brand Calvin Klein is to expand its online presence to more than 20 countries by the end of 2016, including six in Asia.
Apparel giant PVH Corp recorded a double-digit increase in third quarter net profit, despite revenues being impacted by the weak euro.
French Connection has become the latest firm to impose a ban on the use on angora from its future collections following pressure from animal rights group PETA.
Meaningful acquisition opportunities for PVH Corp are likely to present themselves in two to six years time, but they may take the form of bringing existing businesses in house under the Tommy Hilfiger and Calvin Klein banners, analysts believe.
The latest reports from just-style's research store include a look at specialist apparel and footwear retailers in Russia, an industry report on underwear manufacturers, and apparel markets in the top five European countries.
Oliver Timm has been promoted to the newly-created position of president of PVH Europe, as the company looks to strengthen its operations for the Tommy Hilfiger and Calvin Klein brands in the region.
A robust performance from Tommy Hilfiger helped PVH Corp post a second quarter profit, with revenues almost breaking through the $2bn barrier.
G-III Apparel Group has lifted its full-year earnings and sales guidance after booking a 72% increase in second-quarter net profit.
US-based intimate apparel brand Spanx has hired former Nike global apparel and footwear executive, Jan Singer, as its chief executive officer.
PVH Corp has revealed first-quarter earnings that missed analyst consensus due to a challenging macroeconomic environment and heightened promotional activity.
G-III Apparel Group has booked an increase in first-quarter profit and upped its sales and earnings guidance for the full year.
PVH Corp subsidiary Calvin Klein and American Designer Fashion (ADF) have entered into a distribution and retail store license agreement.
The most-read stories on just-style this week include reports of a drop in UK clothing sales last month, an insight into Uniqlo's multi-pronged attack on the US market, and a new Calvin Klein licensing deal in India agreed between PVH Corp and Arvind.
Western brands and retailers are "deeply implicated" in the current unrest gripping the Cambodian apparel sector - but they can also be part of the solution, a new report suggested last week.
A $2.9bn deal that brings together the Hudson's Bay, Lord & Taylor and Saks Fifth Avenue brands into a combined company with 320 stores in the US and Canada was finally confirmed last week after months of speculation.
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