Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Asos FY on track following 32% Q3 sales jump Hannah Abdulla | 13 Jul 17

UK-based online fashion retailer Asos is forecasting full-year sales growth to be at the upper end of its 30-35% guidance range following a 32% jump in sales in the third quarter.

How Asos is embracing the challenge of transparency Beth Wright | 31 May 17

Visibility of the entire supply chain is the building block to both short and long-term progress in sustainability and ethical trade, according to Tara Luckman, fabric and sustainability manager at online apparel retailer Asos. "All roads lead to transparency. If our practices in the fashion industry are not good enough to tell our customers about, then they're just not good enough."

Clothing brands commit to 100% sustainable cotton by 2025 Michelle Russell | 25 May 17

Asos, Kering, Levi Strauss & Co and Nike are among 13 clothing and textile brands who have committed to using 100% sustainable cotton by 2025.

Asos Made in Kenya range makes a return Michelle Russell | 6 Apr 17

Online apparel retailer Asos has once again partnered with African clothing workshop SOKO Kenya to release its latest sustainable fashion collection.

Asos international performance boosts H1 earnings Michelle Russell | 4 Apr 17

Asos has upped its full-year outlook as the online fashion retailer booked higher sales and earnings in its first-half thanks to an accelerated international performance.

US apparel retail shifts reveal misconceptions Michelle Russell | 3 Apr 17

The death of the department store, the exaggerated rise of Amazon as an apparel retailer power, and the threat of European fast-fashion specialists to US retail are among a number of misconceptions currently bedevilling the retail  industry, a new report explains.

H&M leads Better Cotton league Beth Wright | 14 Feb 17

The Better Cotton Initiative (BCI) says demand for more sustainable cotton is on the rise, with Swedish retailer H&M and sportswear giants Adidas and Nike leading the field in its 'Better Cotton league'.

Asos accelerates investment as sales surge Michelle Russell | 12 Jan 17

Online fashion retailer Asos has made a strong start to the year with a 36% hike in first-quarter revenue, and says it will invest more in expansion after upping its sales guidance for the full year.

Eight factors set to shape European retail in 2017 Michelle Russell | 3 Jan 17

Many of the key themes that dominated the European retail scene in 2016 are expected to continue into this year, analysts believe, as retailers prepare for more currency headwinds, unseasonal weather, a continued shift to e-commerce and whatever hurdles Brexit will bring.

2016 – A year in review – Retail winners and losers Lee Adendorff | 13 Dec 16

A local-for-local manufacturing vision, expansion in Asia, robotic warehousing and automated delivery systems helped lift some retailers during 2016, but concerns over conditions and working practices, store closures and bankruptcies weighed on others.

Apparel brands "ignoring" refugee abuse in Turkey factories Michelle Russell | 25 Oct 16

The majority of large apparel brands are ignoring the "endemic" abuse of Syrian refugees in Turkish clothing factories supplying European retailers, a new report has found. 

Asos share price tumbles as costs hit FY earnings Michelle Russell | 18 Oct 16

Asos saw its share price fall this morning (18 October) as the online retailer revealed a 31% fall in full-year earnings on costs related to the exit of its China business and trademark infringement disputes.

Asos poised to capture US apparel market growth? Michelle Russell | 13 Oct 16

UK-based online fashion retailer Asos has an opportunity to capitalise on the growth of the US apparel market by investing in pricing, its product range and local fulfilment infrastructure, analysts believe.

Asos to pay GBP20m in trademark dispute settlement Michelle Russell | 2 Sep 16

Asos is to pay more than GBP20m (US$26.7m) to two European retailers over an alleged trademark infringement on their names following a six-year battle with the online fashion retailer. 

Asos reports 30% jump in four-month retail sales Michelle Russell | 12 Jul 16

Online fashion retailer Asos has reported strong third-quarter results, adjusting its full-year sales outlook to the higher end of guidance and reaffirming its commitment to reinvestment.

UK retailers key to domestic manufacturing growth Michelle Russell | 24 May 16

With the value of the UK clothing market set to soar over the next five years, and consumers taking more of an interest in the origin and quality of the garments they buy, new opportunities are opening up for retailers to  play up to the strengths of sourcing closer to consumers. 

Asos focuses on investment after strong H1  Katie Smith | 12 Apr 16

Online fashion retailer Asos has delivered a better than expected first-half performance, and said it will focus on reinvesting cost savings back into the business, particularly logistics, in order to drive further growth. 

UK: Sainsbury's tops poll of favourite fashion retailers Michelle Russell | 17 Sep 14

In a recent survey of 6,000 consumers by retail analysts Conlumino, Sainsbury's topped the poll as the nation's favourite fashion retailer. We take a look at some of the other shops who came out on top.

UK: Analysts voice disappointment with Asos results Michelle Russell | 16 Sep 14

Analysts have voiced their disappointment at the latest Asos trading update, which saw the online fashion retailer lower its full-year profit forecast.

ANALYSIS: Asos a structural winner in apparel retail Michelle Russell | 16 Jun 14

Online fashion retailer Asos is a structural winner in apparel retail, analysts believe, despite the group issuing a profit warning earlier this month on the back of slowing international sales.

ANALYSIS: Surprise Asos profit warning set to shock industry Michelle Russell | 5 Jun 14

An unexpected profit warning from retailer Asos highlights, analysts suggest, one of the pitfalls of the economic recovery - and will likely shock an industry that has become accustomed to stories of success from the online fashion firm.

UK: Asos investment will place it in stronger position Michelle Russell | 2 Apr 14

The investment strategy implemented by Asos should place it in a stronger position, analysts believe, after the online fashion retailer revealed declining first-half earnings but stronger sales growth.

UK: Asos signs GBP100m worldwide logistics deal Petah Marian | 3 Sep 13

In what it thought to be one of Europe’s largest logistics deals, online fashion retailer Asos has signed a GBP100m (US$155.5m) three-year contract covering the management of its worldwide distribution centre.

UK: Asos names former M&S finance director to board Petah Marian | 7 Aug 13

UK online clothing retailer Asos has appointed former Marks & Spencer executive Ian Dyson as a senior independent and non-executive director.

Focus: Eastern Europe a tale of contrasting retail fates Ashma Kunde | 1 Aug 13

Eastern Europe was one of the world's biggest opportunities for apparel retailers in 2012. But despite the region's overall glowing prospects compared to its Western European counterpart, closer analysis by Euromonitor International highlights a marked intra-regional divergence.

Bangladesh pushes garment industry to "tipping point" Petah Marian | 19 Jul 13

The recent garment factory tragedies in Bangladesh are pushing the industry towards a tipping point - as consumers call for increased sustainability and information about where their clothes come from, according to speakers at the recent Source Sustainability Summit.

UK: Bostock to leave Asos after six months Katie Smith | 16 Jul 13

Asos executive director of product and trading, Kate Bostock, has resigned from the online retailer after just six months in the role.

UK: JD Sports names Milligan to head Bank fascia Katie Smith | 10 Jul 13

JD Sports Fashion has named Gwynn Milligan managing director of its Bank fashion stores, replacing Peter Alecock who has been promoted to group commercial operations director.

UK: Retailers join government talks on factory safety Petah Marian | 4 Jul 13

Clothing retailers met with UK government representatives yesterday (3 July) to discuss ways to improve their supply chains following the collapse of the Rana Plaza apparel factory building in Bangladesh earlier this year.

UK: Clothing companies commit to reducing environmental footprint Petah Marian | 28 Jun 13

Companies representing more than a third of UK clothing sales have signed the Sustainable Clothing Action Plan (SCAP) 2020 Commitment, a scheme that will see them work together to reduce the environmental footprint of clothing.






just-style homepage

Forgot your password?