The most-read stories on just-style this week include a look at how Primark's cut-price clothing could shake up the US retail sector, plans by South Korean apparel maker Hansae to reduce its reliance on Vietnam and turn to Haiti instead, and analysts' concerns over recent changes at Gap.
How Primark’s cutprice clothing could shake up US retail
With its up-to-the-minute fashions at rock-bottom prices, Primark sells more clothes than any other retailer in the UK. As the chain makes its first foray into the US, analysts are not surprisingly taking a close look at its potential, and asking which of its rivals is most at risk from this apparel retail disruptor.
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Apparel giant Hansae turns from Vietnam to Haiti
South Korea’s Hansae, one of the world’s largest apparel manufacturers, is betting on Haiti as a base to target the American market, reducing its reliance on Vietnam.
Recent changes at Gap are “collectively of concern"
Disappointing margin guidance, management departures and new debt issuance at Gap Inc have raised concerns among analysts for the US retail giant's current and future business trends.
Bankruptcy court agrees Quiksilver final financing
Struggling surfwear business Quiksilver has had its final financing package fully approved by the bankruptcy court, allowing it to continue operating in the US and abroad.
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Apparel brands back plans for global labour standard
A coalition of leading brands including Gap Inc and PVH Corp, as well as textile mills and NGOs, have joined forces to move towards an industry-wide, standardised methodology for auditing social and labour performance in apparel and footwear supply chains.
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