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.
Syrian refugee children as young as ten years old have been found working in garment factories in Turkey making clothes for brands including Marks & Spencer and Asos, a television documentary claims....
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...
Emanuel Chirico, chief executive of PVH Corp, and Richard Noll, chief executive of Hanesbrands, have both been named '2016 Responsible CEO of the Year' - with Chirico also picking up a Lifetime Achie...
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 ...
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- Bangladesh tops China as lead cotton importer
- 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