Retail: Latest news and analysis articles
The new boss at British high street giant Marks & Spencer has set out his plans to turn around the retailer's key clothing division by lower...
Slowing economic growth and growing competition are hitting the profits of Chinese retailers, while the country's clothing exports to the US...
After its apparel sales took a hammering from unseasonably cold spring weather in the first quarter, US department store retailer JC Penney...
First quarterly earnings from US department stores and specialty chains suggests the sector is off to a rocky start to the year as consumers...
With a business model focused on offering the lowest prices on the high street, value fashion chain Primark is constantly questioned over its commitment to a range of ethical and environmental retail issues. Paul Lister, responsible for Primark’s ethical trading team, tells just-style "the strength of a brand's ethics is not about a price point" – and that close engagement with the supply chain is key.
While doomsayers have been waxing lyrically for the past two years about how the Chinese clothing industry could have a shaky future, John Cheh, vice chairman and CEO of Esquel Group, the Hong Kong-based vertically integrated cotton to shirt maker, is resolute in his optimism.
As the largest consumer generation alive today, millennials account for over $1 trillion in consumer spending in the US – and around $10 trillion globally – so it's not surprising their purchasing priorities merit close scrutiny.
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.
German sportswear giant Adidas has agreed to sell its non-core nostalgia headwear and apparel brand Mitchell & Ness, to focus on its performance sport agenda.
Lingering headwinds including unseasonably warm weather have promped Ugg boot owner Deckers Brands to book a softer-than expected full-year and first-quarter outlook – as the apparel and footwear group also announced the retirement of its CEO.
Sporting goods giant Nike has announced a number of general management promotions aimed at driving continued innovation across its global markets.
The most-read stories on just-style this week include a look at how M&S plans to revamp its clothing business amid falling sales, criticism of Gap Inc for labour abuses at supplier factories, and a report on how yarn-forward rules of origin may weigh on Vietnam's potential under the Trans-Pacific Partnership (TPP) trade deal.
…Nike, at least according to Forbes. Its annual ranking of the top 100 most valuable companies is not surprisingly dominated by technology brands – led by Apple in the number one slot. But plenty of clothing brands and retailers also made it onto the list.
Innovation was the hot topic last week as a raft of apparel and textile companies revealed new fabrics, fibres and technologies designed to shake-up the industry.
- The difference between compliance and safety?
- How M&S plans to revamp its clothing business
- Central America must make better use of DR-CAFTA
- Yarn-forward rules weigh on Vietnam TPP potential
- Is China really going through a slump?
- Gap accused of rights violations in supply chain
- US Q1 in brief – Guess, Burlington Stores, Sears
- H&M, Inditex and Nike rated supply chain leaders
- Adidas Speedfactory eyes large-scale production
- BHS supplier Courtaulds Brands in administration