Top stories on just-style this week...
By Leonie Barrie | 30 September 2011
A forecast for apparel price rises over the next two decades, Reebok paying $25m in customer refunds over claims made for its toning footwear, and the loss of up to 500 jobs at dyes and chemicals maker Huntsman Textile Effects, were among the most-read stories on just-style this week.
WRC 2011: Li & Fung sees apparel price rises continuing
The president of Li & Fung US believes apparel prices will continue to rise over the next 10-20 years, even though cotton costs are falling. Rick Darling says that while unlikely to be at the same level as witnessed this year and last, the inflationary environment is here to say. He attributes the rising costs to China.
US: Reebok to pay $25m over toning shoe claims
Sportswear maker Reebok International Ltd is to pay $25m in customer refunds after making unsupported claims that its toning footwear would help wearers improve their fitness.
SWITZERLAND: Huntsman Textile Effects may cut 500 jobs
Dyes and chemicals maker Huntsman Textile Effects is to cut up to 500 jobs and possibly close its facilities in Switzerland as part of a restructuring move to increase its global competitiveness.
US: Former Carter's exec charged with fraud
A former executive vice president of Carter's Inc has been charged with financial fraud and insider trading at the children's clothing maker between 2004 and March 2009.
UK: Clothing retailers see volumes slump in September
More than a third of UK clothing retailers have recorded a drop in sales volume in September, as the country's retail sector continues to be hit by weak consumer confidence.
Sectors: Apparel, Fibres & fabrics, Footwear, Manufacturing, Retail
Companies: Reebok, Li & Fung, Carter’s
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