Tesco Plc

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

ANALYSIS: Clothing seen as central focus for new Tesco CEO Michelle Russell | 21 Jul 14

Clothing remains one of Tesco's more exportable offers and is likely to remain a central focus for the retail behemoth when incoming CEO Dave Lewis takes the reigns, an analyst has suggested.

UK: Tesco shares climb as CEO Clarke announces departure Michelle Russell | 21 Jul 14

Tesco's share price climbed this morning (21 July) on news the retail giant's CEO Philip Clarke is to step down, making way for Unilever executive Dave Lewis.

UK: F&F inks manufacturing contract with AMA Group Katie Smith | 18 Jul 14

Signs that the 'Made in the UK' movement is gaining traction were boosted today (18 July) with the news that Tesco's F&F brand has inked a deal with Durham clothing manufacturer the AMA Group.

BANGLADESH: Apparel exports soar 14% in fiscal year Siddique Islam | 11 Jul 14

Bangladesh's ready-made garment exports are continuing to soar, rising by nearly 14% in the just-finished fiscal year as political stability returns to the South Asian country.

UK: M&S CFO Stewart steps down for Tesco role Michelle Russell | 10 Jul 14

Alan Stewart, the CFO of UK retailer Marks & Spencer, has stepped down to take up the role of finance chief with Tesco.

ANALYSIS: Sainsbury's reaps benefits of clothing investments Michelle Russell | 11 Jun 14

Sainsbury's is now reaping the benefits of the investment it has made in its clothing division, an analyst has said, after the UK retailer this morning (11 June) revealed the business grew at double-digits in the first quarter.

Sainsbury's Q1 results: What the analysts say Michelle Russell | 11 Jun 14

UK retailer Sainsbury's this morning (11 June) issued its first-quarter trading update, in which it revealed that its clothing business continued to grow strongly, delivering double-digit like-for-like sales growth. Overall, analysts have offered an upbeat view on the retail group's update and the potential of its clothing business.

UK: Connolly to take on John Lewis fashion buying role Katie Smith | 10 Jun 14

UK department store retailer John Lewis has confirmed the promotion of Ed Connolly as buying director for fashion, replacing Meg Lustman.

THE FLANARANT: Garment growth unlikely under India's Modi Mike Flanagan | 9 Jun 14

Will "strong man" politicians kick-start the sluggish garment industries in India and Pakistan? asks Mike Flanagan. Evidence so far, he suggests, shows progress ranges from positive to unconvincing.

UK: New Look promotes Barrasso to UK role Katie Smith | 9 Jun 14

Value fashion retailer New Look has confirmed the promotion of Danny Barrasso to the newly-created role of UK managing director.

Turkey sets sights on sourcing business shed by Asia Jonathan Dyson | 4 Jun 14

Brands and retailers in the UK and other parts of Europe are "coming back" to Turkey as a source of textiles and clothing as they seek to diversify their supply chains away from Asia.

Tesco Q1 results: What the analysts say Michelle Russell | 4 Jun 14

UK retail giant Tesco today (4 June) proved it remains under pressure after it revealed its third successive quarterly decline in sales. The retailer's shares slid in mid-morning trading following an initial high opener. Analysts offer their views on the group's latest trading update and the prospects for its clothing business.

UK: New Look taps Tesco finance director Iddon Katie Smith | 4 Jun 14

UK value fashion retailer New Look has poached Tesco's finance director, Mike Iddon, as its new chief financial officer.

UK: Tesco shares slide as Q1 sales slump Michelle Russell | 4 Jun 14

Tesco saw its shares slide this morning (4 June) after the UK retail behemoth reported its third successive quarterly decline in sales.

WORLD: Top 10 apparel brands now worth US$100bn Richard Woodard | 27 May 14

The world’s top 10 apparel brands have grown in value by 29% and are now worth close to US$100bn, according to the 2014 Brandz Top 100 Most Valuable Global Brand rankings.

US: Trade office expansion targets Burma and Africa Leonie Barrie | 8 May 14

If confirmation was needed of the world's fastest-growing economies and the biggest opportunities for development, then look no further than the expansion plans of US trade offices, which are opening for the first time in Burma and Ethiopia.

UK: Debenhams signs sustainable clothing action plan Katie Smith | 2 May 14

UK department store operator Debenhams is the latest retailer to sign a sustainability plan, designed to reduce the environmental footprint of clothing over its lifecycle.

Rana Plaza one year on: Timeline of change Leonie Barrie | 24 Apr 14

The Rana Plaza factory disaster has proved to be a catalyst for change in Bangladesh. While there has been criticism of the speed of the factory inspection process and efforts to improve worker safety, a timeline of major milestones shows that progress is being made.

UK: Analysts have high hopes for Primark's US launch Katie Smith | 24 Apr 14

The news that Primark will open its first store in the US next year has been well received by analysts, with one saying it will significantly increase the UK value fashion chain's long-term growth potential.

INTERVIEW: String traceability tool goes back to basics Leonie Barrie | 23 Apr 14

Without knowing the precise history of the products it sells and then being able to verify the claims it makes, Tim Wilson, CEO of Historic Futures, believes the apparel industry will never be able to make a real difference to issues ranging from sustainability to illegal subcontracting. He is now taking the company's String platform back to the drawing board to tackle the issue of total traceability across the clothing supply chain.

Analysis: Tesco takes second stab at US market with F&F Michelle Russell | 17 Apr 14

Retail behemoth Tesco this week revealed plans to open a chain of F&F clothing franchise stores in the US, marking the group's return to the States following the sale of its Fresh & Easy chain seven months ago. The announcement was shadowed somewhat by the group's second year of falling profits, published a day later. Nonetheless, industry observers believe the move appears to be a logical one, despite the failure of its food venture.

Top stories this week on just-style... Katie Smith | 17 Apr 14

The most-read stories on just-style this week include warmer weather a welcome boost for UK fashion sales, an analysis on why no one strategy fits all in apparel sourcing, and Tesco to open a chain of F&F clothing stores in the US.

Tesco FY results: What the analysts say Michelle Russell | 16 Apr 14

UK retail giant Tesco this morning (16 April) proved it remains under pressure after it revealed its second consecutive annual drop in profits. Nonetheless, the beleaguered behemoth, which has seen its share price and market share struggle at near-decade lows, said clothing online continues to perform strongly. Analysts offered a mixed view of the results.

UK: Tesco remains under pressure as FY profits slump Michelle Russell | 16 Apr 14

UK retail giant Tesco has revealed its second consecutive annual drop in profits as the beleaguered behemoth struggles with sales at home and abroad.

US: Tesco to open chain of F&F clothing stores Michelle Russell | 15 Apr 14

Retail giant Tesco is returning to the US with a chain of F&F clothing franchise stores, just seven months after selling its Fresh & Easy supermarket operation in the country.

PSF 2014: No one size fits all in apparel sourcing Leonie Barrie | 14 Apr 14

Even though China continues to play a pivotal role as an apparel supplier, interest in alternative sources continues to dominate industry discussions. And the picture they paint is of strategies that take account of shifts in domestic demand, investment in Southeast Asia, and outside opportunities like Africa.

UK: Tesco CFO McIlwee resigns Dean Best | 4 Apr 14

Tesco CFO Laurie McIlwee has decided to leave the UK retailer, it was announced this afternoon (4 April).

UK: ETI revises labour code clause to clarify working hours Leonie Barrie | 3 Apr 14

Workers in global supply chains should not be asked to work more than 60 hours per week, according to a revised clause in the labour code drawn up by an alliance of companies that includes Tesco, Asda, M&S, Next, New Look, Primark and Zara.

INDIA: Tesco to invest GBP85m in Tata JV Katy Askew | 3 Apr 14

UK retailer Tesco has confirmed that it will invest GBP85m (US$132m) to establish a multi-brand retail joint venture with Trent Ltd, part of the Tata Group, in India.

Quote/Unquote: Ten soundbites on the state of play in retail Michelle Russell | 14 Mar 14

The great and the good of the retail industry descended on London this week to share their views on the current climate, industry trends and thoughts on what the future holds for the British retail industry.








just-style homepage

Forgot your password?