Finance: Latest news and analysis articles
Retailers need to prepare for a period of high volatility, is the message from analysts in the wake of Britain's vote to leave the European...
As the final day of campaigning ahead of the UK's vote on whether or not to remain a member of the European Union (EU) ramps up, retailers a...
Significant structural changes are needed across the apparel supply chain in order to create a more consistent, faster and efficient sourcin...
An overhaul of its supply chain is at the heart of restructuring plans revealed this week by Ralph Lauren's newly-appointed CEO Stefan Larss...
Increasing requirements by apparel brands and retailers for specialist quality assurance, compliance and supply chain security services are fuelling the strong double-digit growth of Omega Compliance, a standalone subsidiary of sourcing specialist William E. Connor & Associates Ltd. Celebrating its tenth anniversary this year, the company tells just-style why its momentum on responsible sourcing shows no sign of slowing down.
Easy access to cheap capital, infinite computing power, and “the Uberfication of everything” are converging to create a perfect storm of disruption that's already starting to shake up the apparel retail industry, according to Kurt Cavano, founder and chief strategy officer of cloud-based supply chain platform GT Nexus.
Shares in Nike Inc fell 7% to $49.31in after-hours trading as the sporting goods giant reported a disappointing fourth quarter that saw profits slip, flat sales in North America, and first quarter guidance described as "significantly worse" than expected.
German sportswear giant Adidas has struck a deal to work with Chinese conglomerate Wanda Group to promote football and basketball in the country and open large-scale stores in its malls.
Japanese sporting goods giant Asics Corporation has invested in a new product lifecycle management (PLM) solution to strengthen its product development capabilities as part of wider plans to drive global growth.
A number of new initiatives, including access of up to US$1m (KES1m) in financing, are underway to help Kenyan designers and small-scale manufacturers tap into the opportunities offered by global apparel value chains.
In the most recent first-quarter filings from US apparel brands and retailers, Urban Outfitters and American Eagle Outfitters both revealed strong results, while JC Penney narrowed its net losses but booked a drop in sales. Skechers, Carter's and Columbia Sportswear, meanwhile, all recorded record sales performances for the quarter, while Under Armour posted another solid quarter of revenue growth.
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.
A lack of speed in the apparel supply chain is being blamed for weaker merchandise margins, with significant structural changes needed to create a more consistent, faster and efficient sourcing model.
An overhaul of its supply chain is at the heart of restructuring plans revealed last week by Ralph Lauren's newly-appointed CEO Stefan Larsson, including a new test pipeline, shorter lead times, reduced inventory and a focus on fewer styles and more on-trend merchandise. The luxury retailer is also set to close more than 50 stores and slash its workforce by around 8%.
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