The most-read stories on just-style this week include at look at whether Gap will find the right formula to get back on track, the tools being developed for improved colour communication, 3D design and prototyping, and how the Bangladesh Accord is expecting it to take another 18 months before it will complete all corrective factory action plans. We also take a look at this week's first-quarter results.
When will Gap get back on track?
While new Gap Inc CEO Art Peck has a laser focus on fixing the Gap brand’s woes, finding the right formula is proving elusive. Indeed, a turnaround is not now expected until mid-2016, with the spring season seen as a "no excuses moment."
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Apparel industry Q1 results in brief: Pacific Sunwear, Brown Shoe Co, Belk
The first quarter revealed that retail revenues compared to expectations fared far worse than earnings expectations amongst apparel retailers, according to Ken Perkins of Retail Metrics. Brown Shoe Co said the quarter exceeded its expectations, while Belk said investment expenses continue to impact earnings.
Texprocess 2015: Software solutions enhance speed and visibility
Tools for improved colour communication, 3D design and prototyping, and the integration of key business functions were unveiled at the recent Texprocess trade fair in Frankfurt, Germany. And faster time-to-market, better quality, lower cost and increased productivity are among the benefits.
China to reduce apparel import taxes
China is to reduce import taxes by more than 50% on some consumer goods, including apparel, in a bid to encourage an increase in domestic spending.
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Bangladesh Accord: Factory safety progressing slowly
Two years after the Accord for Fire and Building Safety in Bangladesh was set up, the group says it could still take at least another 18 months before corrective action plans are completed for all factories.
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