Blog: Vietnam continuing to gain US market share
Michelle Russell | 7 March 2016
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.
Thanks to globalisation, challenges face apparel and textile manufacturers around the world as never before. Robert Antoshak, managing director at Olah Inc, argues the sector is now moving into a new stage of development where cost remains a prerequisite for some types of production while quality, low unit production increasingly carves out space elsewhere.
Transparency is a challenge often talked about in the global apparel industry, and one US start-up - Project JUST - is hoping to address that with the addition of an extra dimension: distilling information for the consumer, providing a quick and easy-to-use tool to check a brand's manufacturing practices and ethics.
And, February proved to be a mixed month for US apparel retailers as market volatility spooked investors and consumers, while low gas prices, positive housing data and upbeat labour market indicators suggested consumers had the means to spend.
Looking at the wider fourth quarter, filings from US apparel brands and retailers continued to roll in. Our round-up of the results includes updates from Burlington Stores, Stage Stores, American Eagle Outfitters, and Weyco Group.
Unseasonably mild winters are cooling off sales of traditional warm-weather clothing - prompting insulation innovators to adapt accordingly, with variations that adapt to changing outdoor conditions and activity levels, and the use of "smart" thermal technologies.
And in other news, we look at the ten trends set to impact retail in 2016; world ending cotton stocks are projected to fall by 8% to 20.4m tons this fiscal; Under Armour reaffirms its outlook, despite one of its longest standing customers entering Chapter 11 Bankruptcy; and Gap posts another decline in monthly comparable store sales.
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...
The Bangladesh government has responded to pressure over its crackdown on labour activists after a number of global brands and retailers pulled out of this week's Dhaka Apparel Summit in protest....
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...
Apparel maker Gildan Activewear has booked a rise in both earnings and revenue in its fourth-quarter, thanks to growing sales in its printwear and branded apparel businesses....
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...
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- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
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