Blog: The winners and losers of 2015
Michelle Russell | 21 December 2015
From retailing to manufacturing, sourcing and sustainability, winners and losers were not hard to find in the apparel industry in 2015. As the year draws to a close, just-style's annual review tracks those for whom 2015 will be memorable in more ways than one.
We've also taken a look back at the top news stories on just-style in 2015. Free trade agreements, cutting-edge innovations, sandblasting in Chinese jeans factories, new minimum wages, and retail job cuts were just a few of the issues that made the headlines.
This year will also be remembered for the striking of a crucial agreement at the 21st session of the Conference of the Parties (COP) to the UN Framework Convention on Climate Change (or COP21).
Industry experts are calling on the global clothing industry to engage with the new deal, warning that a warming planet imperils not only the raw materials the industry needs but also poses an existential threat to the sector's prevailing business model. Unions hailed the inclusion of the 'just transition' worker protection provision in the agreement as a "considerable achievement", but warned that pressure will continue to be placed on governments to deliver on that commitment.
Elsewhere, US apparel giant VF Corp has revealed plans to extend its Third Way manufacturing programme to strategic suppliers in sub-Saharan Africa as it continues to build long-term relationships with key partners.
And, industry expert Mike Flanagan looks at how Adidas' announcement - that it expects its costs to rise sharply over the next five years - underlines some crucial changes buyers in different countries have seen in their sourcing operations since the beginning of this century.
With diplomatic tensions mounting between Turkey and Russia over the downing of the Russian Su-24 jet fighter plane last month, there are rising concerns that the important Turkish clothing sector could struggle as a result of these geopolitical troubles.
Also facing challenges is Myanmar, a new report suggests, despite the country's booming garment industry. This growth, authors say, is failing garment workers, who work up to 11 hours a day, six days a week, on very low wages and often in dangerous conditions.
Meanwhile, in other news, one industry expert warns that legislation may not be enough to combat modern slavery, Patagonia voices opposition to the Trans-Pacific Partnership (TPP) free trade agreement, US apparel prices continue on a downward trajectory, a US rate rise may hit consumer spending, and the Bangladesh Alliance and Accord will receive "no extension" on their inspection periods.
In the most recent third-quarter filings from US apparel and footwear brands and retailers, Skechers said it has achieved a new third-quarter sales record for the period, while Under Armour delivered ...
Fashion retailer H&M and UK based glove and leather manufacturer Pittards both say they are monitoring the situation in Ethiopia closely after the country's government declared a state of emergency af...
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 ...
- Fashion fit for the future – strategies for speed
- Digitisation to drive new apparel-making models
- Will new Vietnam wage hinder competitiveness?
- Under Armour Lighthouse will disrupt production
- Pakistan industry seeks help to kickstart exports
- Child refugees found in Turkey apparel factories
- Chinese manufacturer invests $20m in US facility
- Reebok Liquid Factory reinvents shoe production
- US Q3 in brief - Under Armour, VF Corp, Skechers
- Gap to shutter all UK Banana Republic stores
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020