Blog: Fast fashion
Leonie Barrie | 16 December 2003
In contracting Exel to provide a range of logistics services for its children’s wear Zip Project, Marks & Spencer will be banking on some hefty returns in terms of lower costs and improved lead times. The move is also significant in that it marks the growing trend for fashion retailers to outsource specialised aspects of their supply chains in an attempt to give them a competitive edge. M&S says it wants Zip to be a "world-class benchmark" in its industry and has no doubt studied the stellar rise of Zara with its finely-tuned high-speed, frequent delivery supply chain strategy. However, Zara has just posted a salutary lesson in its third-quarter results, blaming the hot summer for a drop in sales as shoppers bought cheaper summer clothes and shunned more expensive items such as coats. It seems that no matter how innovative the business model, the weather is something that cannot be predicted.
Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...
The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...
The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...
The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...
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