Top stories on just-style this week...
Author: just-style.com | 5 March 2010
Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.
UK: Rising freight prices prompt sourcing rethink
Swingeing increases in freight costs are forcing retailers to evaluate ever-more creative ways of driving down costs. Speaking at a sourcing round table in London, a group of influential retailers highlighted the exponentially rising price of shipping costs, which in some cases have soared up to 200%.
EUROPE: Court backs EU tariffs on Chinese shoes
A European court has dismissed Chinese claims that a recent decision to impose anti-dumping duties on shoes from China and Vietnam was unfair.
UK: M&S adds to Plan A green programme
Marks and Spencer is aiming to become the “world’s most sustainable retailer” by 2015, with the addition of 80 more commitments under the UK retailer's Plan A “eco-plan”.
US: PVH in talks to buy Tommy Hilfiger - report
US apparel firm Phillips-Van Heusen (PVH) is said to be in talks to buy fashion brand Tommy Hilfiger. According to reports, PVH could land the Netherlands-based company in a deal worth US$4bn.
GERMANY: Adidas profits slump in "difficult year"
Sporting goods giant Adidas Group saw profits plummet 64% during the fourth quarter, as both sales and margins declined. The German company said revenues fell 5% to EUR2.458bn while profit plunged to EUR19m.
Sectors: Apparel, Fibres & fabrics, Finance, Manufacturing, Retail, Sourcing
Companies: Tommy Hilfiger, M&S, Phillips-Van Heusen, Adidas Group
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