Blog: Madrid massacre
Leonie Barrie | 15 March 2004
As the reality of last week’s horrific events in Madrid unfolds – and it looks increasingly likely that terrorists planned the train bombs in a deliberate attempt to hijack public opinion amid the Spanish elections – it’s a legitimate question to ask if terrorism has succeeded there, where will it be next? While this column isn’t the right place to condemn the fanatics who commit such atrocities, it is justifiable to discuss the impact such actions will have on the textile and clothing industry.
The knock-on effect of a downturn in travel and tourism – however small – will hit a broad range of companies globally, including luxury goods retailers such as LVMH Moet Hennessey Louis Vuitton. The bombings are also likely to spark renewed fears among buyers. After all, although Spain’s textile and clothing industry is fast disappearing, until last Thursday to travel there would hardly have been given a second thought. Recent events will also lead to a new focus on the risks associated with foreign travel. Terrorism has up to now had limited impact on the apparel manufacturing industry, even though several strikes have been made in countries where large volumes of clothing are sourced. But as buyers are also eyeing the changes and opportunities that will unfold at the end of this year, maybe events in Spain provide yet another wake-up call on the need to spread their risks.
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
- "Power of the many" drives change at Otto Group
- Hard hit Turkish industry is not knocked out
- China leads US apparel sources with falling prices
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- Inditex and H&M boycott Dhaka Apparel Summit
- JC Penney to close 140 stores amid lower sales
- Bangladesh crackdown has cost garment sector $100m
- Macy's will "do the right thing", says Lundgren
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022