Apparel and textile industry company news

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UK: Primark warns of margin squeeze as FY profits jump 35% | 9 Nov 10

Food, ingredients and retail group Associated British Foods today (9 November) warned that margins at its Primark fashion chain are likely to be eroded by higher costs in the coming year, but says it expects to maintain its lead of the value sector.

THE FLANARANT: Strategies to cope with the end of cheap clothes Mike Flanagan | 8 Nov 10

Instead of bemoaning the end of cheap clothing, Mike Flanagan is challenging retailers and buyers to drive prices down again through creative new practices. They must work harder to offer their customers better value, he says, and put pressure on different parts of the supply chain to manage the factors that influence prices.

UK: Clothing prices up for the first time in 18 years | 19 Oct 10

Hit by soaring raw material costs and rising wages in Asia, UK clothing and footwear prices in September 2010 were up on an annual basis for the first time since 1992.

Meeting the challenges of the children's wear market | 14 Oct 10

A recent seminar looking at specific challenges facing the children's wear market concluded that weight and waist sizes are a better indicator of 'fit' than age; children's wear sales are being boosted by grandparents and fathers; and cross-shopping retail strategies are paying off as consumers prefer to shop under one roof in supermarkets, discount and department stores.

Is fast fashion killing fashion? Leonie Barrie | 12 Oct 10

One of the biggest retail success stories of the past decade has been the phenomenal rise of fast fashion, a shopping trend spurred by rapidly changing styles and the ready availability of cheap brands. In a session entitled 'Is fast fashion killing fashion?' at last week's IAF World Apparel Convention in Hong Kong, delegates were left in no doubt the concept has forced the industry to change.

Spotlight on...Cotton prices Joe Ayling | 23 Sep 10

A perfect storm of supply and demand issues have sent cotton prices soaring the world over. Joe Ayling reports on what caused this spike and how it will affect the garment industry.

UK: Primark slammed for “shredding” unwanted clothes | 15 Sep 10

A charity campaigner has hit out at cut-price clothing retail chain Primark for shredding faulty clothes that she believes could have been given to the needy.

In the money: Debenhams and Primark hold strong Joe Ayling | 14 Sep 10

Two of the UK's most important apparel retailers, Debenhams and Primark, this week indicated solid full-year sales. Does this mean that the worst ravages of recession are behind the high street? Joe Ayling reports.

UK: Primark expecting 6% FY sales growth | 13 Sep 10

Value fashion retailer Primark said its sales and profit are expected to be well ahead of last year, benefiting from a stronger sterling.

ANALYSIS: Gap and Zara enter European cyberspace Joe Ayling | 2 Sep 10

As two of fashion's biggest brands launch e-commerce sites to serve their European consumers, one question remains; what took them so long?

August 2010 management briefing: Part IV - The winners and survivors | 31 Aug 10

Looking at performance on a global market positioning basis, rather than geography, the last two years have been challenging for all global textile and clothing producers, as demand waned and customers put off purchasing decisions.

UK: Liz Evans appointed MD of Oasis | 10 Aug 10

UK retail group Aurora Fashions has appointed current Coast managing director Liz Evans to the same role at its Oasis chain.

Retailers' reaction to Bangladesh unrest Joe Ayling | 6 Aug 10

Leading retailers including Primark, H&M, Asda and M&S have given just-style their reaction to news that minimum wages for garment workers in Bangladesh are set to nearly double.

VIEWPOINT: What’s the bottom line on Bangladesh? Leonie Barrie | 6 Aug 10

Far from quelling months of violent protests over pay and conditions, an 80% rise in the minimum wage for garment workers in Bangladesh has simply led to a fresh wave of violence over claims it still doesn't meet the high cost of living. And as the pay process has proved, there's no quick-fix to the cycle of unrest.

Top stories on just-style this week... Joe Ayling | 6 Aug 10

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

UK: Primark appoints John Lyttle as COO Joe Ayling | 2 Aug 10

UK fast fashion firm Primark has announced the appointment of John Lyttle as its new chief operating officer.

In the money: Clothing price inflation Joe Ayling | 28 Jul 10

Latest research in the UK suggests that clothing prices are likely to rocket in coming years, after a decade of cheap high street fashion. Joe Ayling reports on the causes and effects of this inflation on the apparel industry.

COMMENT: Tesco stays online, for now Joe Ayling | 9 Jul 10

A few years ago, top retail executive Sir Phillip Green described the UK high street as 'saturated', and it will feel even more so if supermarket giant Tesco enters the fray.

UK: Tesco plays down dedicated fashion store talk Joe Ayling | 9 Jul 10

UK supermarket chain Tesco has thrown cold water over reports it could open a standalone fashion store of its own.

UK: Spanish growth helps Primark to 17% sales rise Joe Ayling | 8 Jul 10

UK value chain Primark saw revenues increase by 17% in the first half of the year, driven by an increase in retail selling space and further like-for-like sales growth.

ANALYSIS: Consumers still flocking to value fashion Joe Ayling | 6 Jul 10

Retailers offering low prices for their fashion collections remain in the strongest position to capitalise on the current consumer environment, according to latest research.

UK: Analyst praises Primark proposition | 6 Jul 10

Fast fashion chain Primark has been upgraded by a research analyst group in the UK, which says it has a "winning, internationalising proposition".

SOURCING: Caution is key when buying from Bangladesh Leonie Barrie | 28 Jun 10

Western brands and retailers whose orders have been caught up in last week’s violent protests by garment workers in Bangladesh will no doubt take some comfort from news that hundreds of garment factories have now reopened for business. But their relief is likely to be short-lived unless the issues at the core of this long-term and simmering unrest – an increase in the national minimum wage and better working conditions – are addressed.

UK: Primark confirms new CFO Joe Ayling | 17 May 10

UK fast fashion chain Primark has confirmed to just-style that its long-serving head of finance, Paddy Prior, will be retiring to make way for a new chief financial officer (CFO).

UK: M&S apologises for crop top confusion Simon Warburton | 13 May 10

Marks & Spencer said it has no plans to withdraw its Santoni crop top range despite criticism it was aimed at encouraging young girls to think it was a bra.

Top stories on just-style this week... | 23 Apr 10

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

ANALYSIS: "More of the same" at profit-making Primark Joe Ayling | 20 Apr 10

Fast fashion chain Primark is getting used to posting double-digit sales increases, and the first half of the current year brought no exception.

UK: Primark drives 20% H1 profit hike at ABF | 20 Apr 10

Cut-price clothing chain Primark drove a 20% increase in adjusted first half profits at Associated British Foods (ABF) to GBP331m (US$510m).

The week ahead on just-style... Joe Ayling | 19 Apr 10

Taking a look at the week ahead for the footwear and apparel industry, here is news editor Joe Ayling's snapshot of just-style's latest news and insights agenda.

COMMENT: Time to let children be children Simon Warburton | 16 Apr 10

Primark must be breathing slightly easier today (16 March) following a torrid week in which it has been battered by a large section of the UK media.








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