Finance: Latest news and analysis articles
Hennes & Mauritz (H&M) is to place its first volume orders for shoes made with water-based vegan leather this year as part of new sustainabi...
The Alliance for Bangladesh Worker Safety says it hopes its suspension of factories for lack of progress on remediation will be a final wake...
March proved to be a challenging month for the few US apparel retailers who still report their monthly sales, with many hampered by the earl...
The two initiatives with the potential to reshape the global sourcing landscape are also mired in uncertainty. The Trans-Pacific Partnership...
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.
A "constant run to keep up" with consumer demands is keeping multi-channel retailer N Brown on it toes as it adapts its sourcing model, its systems and international growth to keep apace. Paul Kendrick, customer, financial services and international director, explains.
Losses at US women's wear retailer Bebe Stores widened year-on-year during its third quarter, hit by a double-digit drop in sales, higher markdowns and costs incurred in restructuring its operations.
Canadian apparel maker Gildan Activewear has posted a 12.9% jump in first-quarter net profit after manufacturing cost savings helped offset lower sales.
Struggling teen apparel retailer Aeropostale has filed for bankruptcy protection with plans to initially close around 154 stores in the US and Canada.
UK fashion retailer Joules has announced its decision to list on AIM, a market of the London Stock Exchange, as it looks to develop its brand further both at home and internationally.
In the most recent first-quarter filings from US apparel brands and retailers, VF Corp maintained its outlook, despite a fall in earnings and margins. 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. Rocky Brands swung to a net loss, while Weyco Group pointed to a challenging quarter due to the strength of the US dollar.
German sportswear group Adidas has made a strong start to its financial year with record first-quarter sales – and says it is in talks to divest parts of its golf division in a move to focus on footwear and apparel.
Contrasting fortunes characterised the global clothing industry last week. On the one hand Hanesbrands has positioned itself as the largest basic apparel company in the world after agreeing to buy Australian rival Pacific Brands in an US$800m deal. But on the other, the UK high street stands to lose 204 years of combined retailing history as retailers BHS and Austin Reed Group both called in the administrators.
Having contributed to just-style for five years, serving as news editor for the last two, it has been a pleasure to observe and report on the global textile and apparel industry.
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