The shock result of Donald Trump being elected as the 45th president of the United States has dominated just-style’s coverage over the past week, with stories looking at what lies ahead for the apparel industry, what it might mean for pending EU trade deals and other trade negotiations. In other news, British retailer Marks & Spencer has announced its biggest shake-up in years, with plans to remove its clothing ranges from 60 stores over the next five years.
What might a Trump presidency mean for apparel?
Global markets have been thrown into disarray today (9 November) after Donald Trump was elected as the 45th president of the United States, in a shock result that confounded opinion polls pointing to a narrow win for Hillary Clinton.
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TPP is not going to happen in a Trump administration
International trade deals, particularly the Trans-Pacific Partnership (TPP), may well fall by the wayside following the upset victory of Republican Donald Trump for the US presidency, participants at the 28th Apparel Importers Trade & Transportation Conference warned yesterday (9 November).
The Flanarant: Why Trump will be true to his trade threats
US president-elect Donald Trump used the campaign train to set out his stance on trade issues. Instead of dismissing this as bluff and bluster, Mike Flanagan believes he will stay true to his word to impose restrictions or higher tariffs on imports – leading to massive long-term uncertainty.
M&S to cut clothing from 60 stores and axe brands
British retailer Marks & Spencer has announced its biggest shake-up in years, with plans to remove its clothing ranges from 60 stores over the next five years and axe underperforming brands, as first-half pre-tax profit tumbled 88%.
Target strengthens supply chain team
US department store retailer Target Corp is strengthening the team responsible for its supply chain, hiring former Walmart executive Shekar Natarajan to fill the newly-created role of senior vice president, network planning and operational design.
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By GlobalData
