All articles by Giacomo Lee
JCPenney axes 650 jobs
JCPenney has reduced its workforce by about 650 positions as it continues to focus on its turnaround under new owners Simon Property Group and Brookfield Asset Management.
Joules establishes ESG-linked financing facility
British lifestyle brand Joules has extended and converted its current credit facility with Barclays Bank to an Environmental Social and Governance (ESG) linked financing arrangement.
Sainsbury’s taps former John Lewis MD as clothing director
UK supermarket group Sainsbury’s has named Paula Nickolds, the former managing director of John Lewis, as its new general merchandise and clothing commercial director.
Avery Dennison sets 2050 net-zero ambition
Avery Dennison has announced its ambition to be net-zero on greenhouse gas emissions by 2050 alongside a series of new sustainability goals for 2030.
Timberland launches first products made with Haitian cotton
Global outdoor lifestyle brand Timberland is rolling out the first products made with Community Cotton fibre sourced from its supply chain in Haiti following its five-year journey to reintroduce cotton farming to the country.
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Tapestry Q3 outpaces expectations
Coach brand owner Tapestry Inc has returned to profit in the third quarter and outperformed its revenue outlook for the period with a 19% hike in sales.
Renewcell to work with Nouryon on sustainable textile recycling
Swedish textile recycling company Renewcell is to use specialty chemicals and engineering solutions from Nouryon at its new plant in Sundsvall.
Sateri to acquire Funing Aoyang viscose fibre business
Viscose fibre producer Sateri is to acquire the viscose fibre business of Funing Aoyang Technology, in a move that will bring Sateri’s total number of viscose mills in China to six and boost its annual production capacity to more than 1.8m tonnes.
Top stories this week on just-style…
Top stories this week on just-style include a look at how US apparel imports from China almost tripled in March compared to last year, and what Biden’s first 100 days says about his approach to trade. Elsewhere, garment factories in Turkey can continue operating under the country’s latest lockdown, and VF Corp is strengthening its engagement with Better Work.
Nogin acquires ModCloth from Go Global Retail
Nogin, a specialist in outsourced e-commerce for major fashion and consumer product companies, has acquired women’s clothing company and online retailer ModCloth for an undisclosed sum from brand investment platform Go Global Retail.