Finance: Latest news and analysis articles
Global sourcing specialist Li & Fung has blamed a tough retail environment for almost halving its full year profit, and says it is reorganis...
North America has been the biggest challenge for Adidas historically, but it will likely also be the biggest opportunity for it going forwar...
Gap Inc has admitted progress has been slower than expected, despite some bright spots in its last fiscal, as the US speciality clothing ret...
It is not just alleged Asian sweatshops where there are widespread wage abuses, Mike Flanagan reminds us. But is the British government conc...
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.
UK consumer confidence remained broadly in line with the three year average in the first quarter of 2017, falling by one percentage point as rising cost pressures took hold, new figures show.
In the most recent first-quarter filings from US apparel and footwear brands and retailers, Levi Strauss & Co saw sales increase but profits slip, while Hanesbrands is expecting sales of around US$1.38bn. Kate Spade, meanwhile, saw earnings slump on the back of sales declines and while Skechers' first-quarter net sales represent a new quarterly record, earnings slipped.
The value of UK retail sales excluding fuel rose 5.1% year-on-year in March, with clothing and footwear among the sectors to see a rise in spending.
Top stories this week on just-style include a warning from Myanmar apparel makers that a ban on moving lorries through Yangon has placed a heavy logistical burden on the country's clothing sector, the latest efforts by Amazon to embed itself deeper into the apparel industry, 12 start-ups chosen under a new global initiative to find more sustainable ways of producing fashion, and Walmart eyeing US men's clothing retailer Bonobos.
Debenhams is to review ten stores and a warehouse for closure as part of a new turnaround strategy unveiled by the department store retailer aimed at making it more digitally-driven and more of a "destination" shop.
The following is a round-up of apparel and footwear news from the world's local media.
Confirmation that digital supply chains are top of mind for apparel industry executives came last week with the latest plans from global sourcing specialist Li & Fung.
As a barometer of the issues top of mind for apparel sourcing executives, it is hard to beat the annual Prime Source Forum in Hong Kong.
- Rana Plaza four years on – Timeline of change
- Using worker surveys to drive supply chain change
- Trump and Brexit get a dose of pragmatism
- Industry groups reaffirm commitment to Bangladesh
- Where does VF supply chain sit in growth strategy?
- Inditex, Adidas and Patagonia top ethical report
- Calls for supply chain transparency standard
- US textile industry applauds Trump executive order
- Gap unveils five-year sustainable fibres pledge
- Pentland Brands reveals Berghaus factory list
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Myanmar - ISA Country Report
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts