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Now that both the final text of the Trans-Pacific Partnership (TPP) and official trade statistics for 2015 have been released, we take another look at the likely impact of TPP's tariff phase-out schedule on US textile and apparel imports from Vietnam.
Two terrorist attacks in Bangladesh over the past week have left the country's key garment industry in turmoil, with buyers rethinking travel plans and potential economic fallout for a sector reliant on foreign investment. Observers say the sector must now join with the government in taking a lead on security and economic issues if it is to continue to thrive and attract customers.
Britain's historic vote in favour of leaving the European Union (EU) has left retailers and manufacturers mulling the consequences as the nation prepares for a long period of political and economic uncertainty.
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%.
The new boss at British high street giant Marks & Spencer last week set out his plans to turn around the retailer's key clothing division by lowering prices and improving style, fit and quality – after the troubled unit saw like-for-like sales slump 2.9% over the past year.
Apparel retailers are continuing to be buffeted by poor sales – and none more so than US specialty retail giant Gap Inc, which last week set out plans for a turnaround after reporting a soft first quarter.
…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.
Textured Jersey Lanka has again been recognised at the World Textile Awards sponsored by The Textile Institute, being named ‘Dyer & Finisher of the Year’ for the second year running.
Struggling teen apparel retailer Aeropostale has finally filed for bankruptcy protection, joining the ranks of American Apparel, Quiksilver, Pacific Sunwear and Sports Authority as the latest in a series of high-profile retail collapses.
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.
The US footwear industry has voiced its disappointment that athletic brand New Balance has come out in opposition of the Trans-Pacific Partnership (TPP) trade deal.
Despite years of denial, British garment making showed signs of a revival in the second half of 2015. Is the long-anticipated UK onshoring boom finally coming into view?
Risks ranging from cargo theft to natural disasters and terrorism incidents are among the biggest threats seen to global supply chains in 2016
With a business model focused on offering the lowest prices on the high street, UK value fashion chain Primark is constantly questioned over its commitment to a range of ethical and environmental issues.
It is no secret that Vietnam's textile and clothing sector is widely expected to be one of the biggest beneficiaries of the recently-agreed Trans-Pacific Partnership (TPP) free trade pact.
If you're thinking of taking out a new subscription to just-style - or renewing an existing one - then our offer of two free research reports worth £600 (US$848) and 15 months’ access to just-style for the price of 12 might help you to make up your mind.
A referendum on Britain’s continuing membership of the European Union will take place on 23 June. Opinion polls in early March showed voters split about 50/50, with around one-third still unsure.
Central America's textile exports are forecast to slow this year as Vietnam continues to gain US market share. And, with the Trans-Pacific Partnership (TPP) gaining new support, it is expected more sourcing and investment will move to Vietnam. In response, Central America is scrambling to hammer out a new regional textiles growth strategy.
Has value fashion chain Primark identified where apparel retailers should be looking when it comes to finding new sources of efficiency?
Modern slavery, a lack of information on labour practices deep within global supply chains, and inadequate oversight of suppliers are among the biggest threats to brand reputation in 2016, a new report revealed last week.
With full-year figures now available on apparel imports into the US in 2015, the common thread seems to be that for most of the top-ten supply countries there was real growth in volumes – but prices fell.
Just days after international representatives expressed concerns that many "priority areas" still need to be tackled to improve safety in Bangladesh’s ready-made garment sector, a fire broke out at a factory deemed to be on track with remedial action.
Outdoor brands are being urged to eliminate all PFCs from their products and supply chains after the hazardous chemicals were discovered in clothing, footwear and outdoor equipment.
While consumers increasingly crave instant gratification, one-of-a-kind merchandise, and more options than ever before in terms of products and how and where to buy them, retailers and brands are being hampered by supply chains that are legacies of a previous era. Is a fundamental redesign the answer? Or can existing ones be improved? We take a closer look at the Roadmap to the apparel supply chain of the future.
US President Barack Obama last week used his final State of the Union address to appeal to Congress to ratifiy the Trans-Pacific Partnership (TPP) trade agreement.
What are likely to be the key apparel industry issues to watch in the upcoming year? To kick-start 2016, just-style has again asked leading executives for their thoughts on potential challenges and opportunities, shifts in the sourcing landscape, and strategies to help apparel firms and their suppliers stay ahead.
Happy New Year from the team at just-style. We hope you had a good break.
- Why Inditex is "clear winner" in fast fashion
- Why fast fashion isn't a case of one size fits all
- Brexit blow to global apparel industry confidence
- Sir Philip Green blamed for the collapse of BHS
- TPP tariff phase-out guides Vietnam sourcing plans
- Vietnam mulls wage freeze to boost competitiveness
- US Q2 in brief - Columbia Sportswear, Rocky Brands
- VF Corp cuts guidance as Q2 profit plunges 70%
- Teijin launches polyester hook-and-loop fastener
- LVMH to sell Donna Karan to G-III for US$650m
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- World Textile and Apparel Trade and Production Trends: the EU - June 2016
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis
- Global market review of lingerie - forecasts to 2020