The most read stories on just-style this week include Sainsbury’s revealing its general merchanside and clothing business is growing faster than its food division, Lululemon Athletica warning it may lose $20m worth of sales, and PVH planning to cut up to 1,000 jobs after its acquisition of Warnaco.
UK: Sainsbury’s clothing sales grow faster than food
UK supermarket operator Sainsbury’s has said that its general merchandise and clothing business is growing at nearly three times the rate of food.
US: Fabric fault may cost Lululemon US$20m in sales
Activewear retailer Lululemon has warned that it may lose sales of around US$20m during the first quarter after issues with a key fabric used in its leggings has forced it to withdraw some of the products.
US: PVH to cut up to 1,000 jobs after Warnaco acquisition
Apparel maker PVH plans to make between 900 and 1,000 staff redundant following its US$2.9bn acquisition of Warnaco, which was completed last month.
Comment: Burma in brief – a short garment industry study
Fresh from a visit to Burma/Myanmar, David Birnbaum is in no doubt that the local garment industry faces some serious challenges if it is to develop into a first-class garment exporting industry.
US: JC Penney CFO squashes resignation rumours
The CFO of JC Penney, Ken Hannah, has denied rumours that he and CEO Ron Johnson may leave the company after coming up against mounting pressure to turn the struggling department store retailer around.
US Tariffs are shifting - will you react or anticipate?
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By GlobalData
