VF Corporation

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AUSTRALIA: Billabong to axe suppliers following H1 loss Leonie Barrie | 22 Feb 13

Struggling Australian surfwear brand Billabong International has swung to a first-half loss after writing off the value of its brands - and says that from next month it intends to slash the number of apparel suppliers that it uses to less than one-fifth of the current total.

US: Reef hires Cooke to lead footwear business Katie Smith | 20 Feb 13

US surfwear brand Reef has appointed Tom Cooke to the newly-created position of vice president of footwear as it looks to drive growth in the category.

In the money: VF moderates short term growth aspirations Petah Marian | 18 Feb 13

Apparel maker VF Corp has admitted revenue in the year ahead is likely to fall short of long-term expectations, with performance hindered by unseasonably warm weather affecting sales of the North Face brand combined with weak economic conditions in Europe.

US: VF fourth quarter net income rises 32% Petah Marian | 15 Feb 13

VF Corp has seen its fourth quarter net income shoot up by 32%, driven by sales growth in its outdoor and sportswear divisions combined with improving gross margins.

UK: Cotswold Outdoor posts "robust" full-year sales Katie Smith | 15 Feb 13

Strong trading during December helped UK clothing and accessories retailer Cotswold Outdoor to book robust like-for-like sales growth in 2012.

US: Crailar in development deal with Cotswold Industries Katie Smith | 13 Feb 13

Crailar Technologies has entered into an agreement with Cotswold Industries to develop sustainable pocketing and waist banding for its apparel customers.

US: John Varvatos appoints Quieti as president and CEO Petah Marian | 8 Feb 13

The John Varvatos clothing brand has appointed Cristiano Quieti as president and CEO of John Varvatos Enterprises.

Outlook 2013: Other issues to watch Leonie Barrie | 4 Feb 13

Generally, 2013 is seen as being another challenging year for the apparel industry – although there is cautious optimism for an improved business environment. Issues such as compliance, sustainability and product safety are likely to come to the fore, and keep a close eye on trade talks to expand duty-free opportunities such as the Trans-Pacific Partnership (TPP).

Outlook 2013: Apparel industry opportunities Leonie Barrie | 4 Feb 13

Opportunities the apparel industry should focus on this year include developing strategic relationships to improve flexibility across the supply chain; a focus on adding value through design, innovation and branding to protect margins; and the use of technology to integrate the multichannel experience.

Outlook 2013: Lessons that should have been learnt Leonie Barrie | 4 Feb 13

What should apparel firms have learnt from the upheaval of the past couple of years - and what should they be doing now if they want to remain competitive into the future? They need to remain nimble enough to respond to changing buying patterns, develop strong partnerships across the supply chain, and focus on a sourcing portfolio that balances costs and risks.

Outlook 2013: Apparel industry challenges Leonie Barrie | 4 Feb 13

Uncertainty is perhaps the biggest challenge facing the apparel industry in 2013. The economic situation in Europe and the US, a combination of rising production costs and flat prices, the pressure to improve working conditions, a lack of new production centres and low volume growth in fashion all add up to a worrying year.

just-style's research roundup Liz Hague | 4 Feb 13

Featured reports from just-style's research store this week include a SWOT, strategy and corporate finance report on H&M, a review of the apparel market in Morocco, and a look at prospects for the textile and clothing industry in Vietnam.

US: Cochran named as new Delta Apparel COO Richard Woodard | 29 Jan 13

Steven Cochran has been named as the new president and COO of Delta Apparel, with Robert Humphreys continuing as the company’s chairman and CEO.

Spotlight on...What's wrong with Billabong? Petah Marian | 16 Jan 13

For all of the suitors circling Billabong, the Australian surfwear brand is yet to see much action. With four bidders showing interest over the past year, Petah Marian looks at why none of the interest has so far turned into a deal.

UK: DeSL supplies PLM solution to Schreiber Richard Woodard | 15 Jan 13

US swimwear manufacturer A H Schreiber Company has opted for a PLM/SRM solution offered by UK-based provider DeSL.

AUSTRALIA: VF Corp launches rival bid for Billabong Petah Marian | 14 Jan 13

Australian surfwear brand Billabong has received a rival bid for the brand from VF Corp and private equity firm Altamont Capital Partners, which matches an offer from US boss Paul Naude and Sycamore Partners.

SINGAPORE: Luen Thai to buy Ocean Sky apparel ops for $55m Petah Marian | 8 Jan 13

Singapore-based apparel company Ocean Sky is set to be acquired by Luen Thai Holdings for US$55m.

US: Bebe Stores names Birkhold as CEO Petah Marian | 3 Jan 13

US women's wear retailer Bebe Stores has named Steve Birkhold as CEO, effective immediately.

US: Eddie Bauer taps North America distribution leader Katie Smith | 17 Dec 12

Seattle-based outdoor wear brand Eddie Bauer has appointed Steve Venegas as vice president of distribution in North America.

INDIA: Billabong inks distribution deal with Arvind Katie Smith | 12 Dec 12

Australian surfwear brand Billabong has signed a distribution agreement with Arvind Lifestyle Brands, a subsidiary of Indian textile and apparel major Arvind Ltd.

Taiwan's textile makers reap high-tech rewards Jens Kastner | 6 Dec 12

Facing a fragile global economy, rival South Korea's aggressive free trade agreement (FTA) strategy, as well as an appreciating local currency, Taiwan's textile and apparel manufacturers have placed their bets on innovation. And indeed, their strong focus on upgraded and functional textiles appears to be paying off.

UK: H&M to unveil men's cycling collection Katie Smith | 4 Dec 12

Swedish fashion retailer Hennes & Mauritz (H&M) is to launch a sustainable cycling collection for men next year by teaming up with UK-based bike specialists Brick Lane Bikes.

BANGLADESH: Buyers assess apparel sourcing opportunities Siddique Islam | 12 Nov 12

A group of buyers representing some 20 global brands and retailers is this week visiting Bangladesh as part of a wider regional tour to explore sourcing alternatives to China.

US: Wolverine Worldwide names Le Vesconte MD of EMEA Katie Smith | 5 Nov 12

Footwear maker Wolverine Worldwide has appointed Daniel Le Vesconte as managing director for Europe, the Middle East and Africa (EMEA), responsibile for overseeing the company’s growth in the region.

GERMANY: Greenpeace calls for ban on PFCs in outdoor clothing Leonie Barrie | 29 Oct 12

Environmental campaign group Greenpeace is calling on the outdoor clothing industry to ban perfluorinated and polyfluorinated chemicals (PFCs) from production after tests found the toxins in a number of leading brands.

Top stories on just-style this week... Katie Smith | 26 Oct 12

Top stories on just-style this week included a pledge by Marks & Spencer to eliminate hazardous chemicals from its supply chain by 2020, strong third-quarter profits at VF Corp, and news that Esprit is looking to raise up to HK$5.2bn as part of its restructuring plan.

US: VF raises full-year forecast after strong third quarter Petah Marian | 22 Oct 12

VF Corp today lifted its full-year expectations after recording a strong third-quarter performance.

BANGLADESH: Gap to implement fire safety plan in factories Leonie Barrie | 3 Oct 12

Specialty clothing retailer Gap Inc is to introduce new fire safety standards at supplier factories in Bangladesh, in a move that mirrors similar measures announced recently by PVH, owner of the Calvin Klein and Tommy Hilfiger brands, and German retailer Tchibo.

INDIA: Arvind acquires Debenhams, Next and Nautica franchise rights Katie Smith | 27 Sep 12

Textile and apparel manufacturer Arvind Lifestyle Brands has acquired the Indian franchise rights of British retailers Next and Debenhams and US apparel brand Nautica from Planet Retail.

US: VF aims to double Asia revenues to US$2bn Richard Woodard | 19 Sep 12

Apparel giant VF Corporation aims to leverage leading brands such as Timberland and Lee to more than double its revenues in the Asia Pacific region to US$2bn by 2017.








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