The most-read stories on just-style this week include an insight into Asos’s surprise profit warning, India’s textile exporters placing confidence in Modi’s government, and plans by VF Corp to share the names of the garment factories it sources from in Bangladesh.
ANALYSIS: Surprise Asos profit warning set to shock industry
An unexpected profit warning from retailer Asos highlights, analysts suggest, one of the pitfalls of the economic recovery – and will likely shock an industry that has become accustomed to stories of success from the online fashion firm.
India’s textile exporters place confidence in Modi government
When India’s new Prime Minister Narendra Modi swept the just-concluded general elections riding on the slogan in Hindi ‘achche din aane wale hain’ – which means good days are coming soon – Indian garment exporters agreed. just-style reports.
US: VF Corp to disclose Bangladesh factory names
Apparel giant VF Corp has revealed it will share the names of all the factories it uses in Bangladesh in the coming weeks, as part of wider efforts to improve working conditions in the country’s garment industry.
ANALYSIS: M&S supply chain focus can boost GM margins
Marks & Spencer could dramatically improve its general merchandise gross margin with the right systems, supply chain and buying processes in place, analysts believe, but earnings growth might be harder to achieve.
Turkey sets sights on sourcing business shed by Asia
Brands and retailers in the UK and other parts of Europe are “coming back” to Turkey as a source of textiles and clothing as they seek to diversify their supply chains away from Asia.
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By GlobalData