Deflationary pressures, the rise of Amazon and the expansion of off-price and fast fashion chains all have the potential to disrupt traditio...
Fast Retailing says it is working to raise the bar across the apparel industry, after facing criticism earlier this year of factory conditio...
Macro factors, particularly in the US and Europe, have created a somewhat challenging environment for retailers in 2014. Many succumbed to heavy promotional activity in order to keep sales up. Subsequently, however, margins and earnings were hit. As a result, a large number of firms were forced to carry out strategic reviews on their business operations in order to turn their businesses around. Here are some of those that just-style has reported on this year.
Uniqlo, operated by Japanese apparel giant Fast Retailing, has confirmed plans to hike its prices this year, blaming a weaker yen. The country's biggest clothing store chain may be hoping the move will help restore profit margins.
US clothing giant Gap Inc has set its sights on growing operating margin beyond 13%, as it looks to gain a larger share of the US$1.4 trillion global apparel market. Key to this is building a more responsive supply chain, seamless inventory, international expansion, and omni-channel capabilities.
The popularity of fast fashion retailers such as Forever 21, H&M and Zara has changed the way consumers shop for value on a global basis. And according to new research, continued expansion of these concepts is likely to put more pressure on speciality retailers in the US - particularly those in the teen space.
Hong Kong based Crystal Group is one of Asia's largest apparel manufacturers, producing more than 230m garments a year for customers including Victoria's Secret, Levi's, A&F, H&M, M&S, Uniqlo, JC Penney and Gap. Here CEO Andrew Lo talks to just-style about supply chain consolidation, productivity, setting up offshore factories, and why big is better when it comes to building a competitive edge.
Luen Thai Holdings is Hong Kong's largest listed garment firm, with 34,000 employees, revenues of around US$1bn and a flagship business that produces over 80m garments a year - as well as footwear and bags - from production bases in China, the Philippines, Indonesia, India, Bangladesh and Cambodia. In the first of two articles based on a conversation with just-style managing editor Leonie Barrie at the recent Prime Source Forum in Hong Kong, CEO Henry Tan calls for industry-wide collaboration in a bid to increase efficiency and offset rising costs in the apparel supply chain.
Fast Retailing, owner of the Uniqlo casual clothing chain and Asia's biggest global fashion brand, saw earnings slump in its last fiscal on foreign exchange losses and impairment costs related to its Uniqlo Japan and US stores.
Casual clothing chain Uniqlo is preparing to enter the Canadian market, with dates set for the opening of its first two stores in Toronto.
Uniqlo owner Fast Retailing has cut its earnings guidance for the third time this year as a result of the stronger yen and a fall in profits for the first nine months of the year.
Casual clothing brand Uniqlo has declined to comment regarding reports it is scaling down its US operations, closing five of its US stores since January.
Casual clothing brand Uniqlo has tapped former Hermès creative director Christophe Lemaire as artistic director of its newly established Uniqlo Paris R&D Centre and new Uniqlo U line.
Japanese retailer and Uniqlo casual clothing parent Fast Retailing has cut its full-year profit guidance by almost a half after a stronger yen and weaker sales at Uniqlo Japan led to a 55.1% drop in first-half profit.
Helped by warm weather in early March, casual clothing brand Uniqlo saw sales at its Japanese stores rise during the month, albeit at a slower pace than February.
Thanks to the launch of new favourable spring ranges, casual clothing brand Uniqlo saw sales at is Japanese stores increase in February, albeit at a slower pace than the prior month.
Strong New Year discounts combined with buoyant demand for winter merchandise boosted Uniqlo's overall performance in January, registering double-digit sales growth at is Japanese stores.
Japanese retailer Fast Retailing has cut its full-year outlook after seeing its first-quarter profit slide, with warm weather hampering sales at its Uniqlo casual clothing brand.
Unusually hot weather in mid-November stifled sales of winter apparel for casual clothing brand Uniqlo, pushing down sales at its Japanese stores.
Japanese retailer Fast Retailing has come under fire from labour rights groups for failing to improve working conditions and environmental pollution at Uniqlo supplier factories in mainland China.
RevoLaze has signed what it hopes will be the first of a number of license deals for its laser technology with Japanese retailer Fast Retailing, owner of the Uniqlo brand, following the closure of its recent ITC patent dispute lawsuit.
The most-read stories on just-style this week include a look at how C&A's overhaul of its fit and product development processes is paying dividends, Uniqlo and Toray ink a new sourcing deal aimed at reducing lead times and optimising production, and Cambodia approves a draft union law despite criticism.
Fast Retailing-owned casual clothing brand Uniqlo has inked a new five-year sourcing deal with Japanese textile maker Toray Industries in a move aimed at reducing lead times, optimising production and "creating a new industry centered on the future".
Casual clothing brand Uniqlo saw sales at its Japanese stores rise for a third consecutive month in October, as cold weather boosted sales of autumn/winter ranges.
Fast Retailing, the Japanese parent company of fast fashion retailer Uniqlo, has forecast profit growth below analyst expectations for its next fiscal year amid losses at is Uniqlo and J Brand US businesses last year.
Casual clothing brand Uniqlo booked an increase in sales at its Japanese stores for the second consecutive month, as cooler weather drove demand for autumn/winter ranges.
Casual clothing brand Uniqlo saw sales at its Japanese stores grow in August, bouncing back after two consecutive months of declines.
Poor weather during the first half of July dampened sales of summer items for Fast Retailing-owned casual clothing brand Uniqlo, pushing down sales at its Japanese stores.
Uniqlo owner Fast Retailing has highlighted the progress it has made with monitoring and improving working conditions at its textile supplier factories following a series of alleged violations earlier this year.
Strong sales of Uniqlo-brand products in Asia, particular in Greater China and South Korea, helped Japanese retailer Fast Retailing to book a hike in profit for the first nine months of the year.
One of the most popular reports published on just-style each year is our annual briefing on apparel industry issues to watch in the year ahead. And for 2015 we have again asked leading executives for their feedback on the challenges and opportunities likely to emerge.
- Fashion fit for the future – strategies for speed
- Digitisation to drive new apparel-making models
- Will new Vietnam wage hinder competitiveness?
- Under Armour Lighthouse will disrupt production
- How TAL Apparel is staying ahead of the game
- Child refugees found in Turkey apparel factories
- Gap to shutter all UK Banana Republic stores
- Chinese manufacturer invests $20m in US facility
- Reebok Liquid Factory reinvents shoe production
- M&S "unappealing" clothing a barrier to growth
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020