December 2010 management briefing: A year in review
The global apparel industry was largely in recovery mode in 2010 following global economic turmoil the year before. And in all sectors, from retailing to manufacturing and sourcing, winners and losers were not hard to find. just-style’s review of the year tracks those for whom 2010 will be memorable in more ways than one, and also takes a look at some of the more unusual stories hitting the headlines.
While some retailers continued to be vulnerable to cost-cutting, swingeing redundancies and store closures in 2010, others acted swiftly to respond to the changing economic circumstances, offering real value to their customers and embarking on ambitious international expansion.
With the global textile and clothing industry this year emerging from a deep slump, it is perhaps understandable that there were going to be unexpected twists and turns in the sector during 2010.
Garment-making countries had a number of hurdles to overcome in 2010, with natural disasters like floods and earthquakes striving to disrupt supply chains already battling a surge in labour, raw material and transport costs and a never-ending run of industrial disputes. But while some buckled under the weight of this pressure, others really came into their own.
Established skills and tradition were not enough to save some apparel makers from layoffs and factory closures in 2010. But acquisitions, an environmental focus and international expansion helped others to build on a solid recovery from the recession.
- How apparel retailers should react to Brexit
- Big data helps Crystal Group sustainability gains
- Brexit and the apparel industry – what lies ahead?
- Brexit uncertainty over pending EU trade deals
- Britain votes for Brexit – what happens next?
- Delta Galil buys VF Corp premium brands for $120m
- Brexit to halt deflation in UK clothing sector
- Under Armour opens manufacturing innovation hub
- Nike faces domestic and future order headwinds
- Walmart's 'Made in USA' pledge misleading
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing & Footwear Retailing in Denmark
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis
- Luxury Goods Retailing in Europe, 2014-2019 ; Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
- Clothing & Footwear Retailing in Indonesia– Market Summary & Forecasts