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March 4, 2022

Top stories this week on Just Style…

Top stories on Just Style this week include a look at Nike's direct-to-consumer strategy and the impact of the ongoing Russia-Ukraine conflict on the global apparel sector.

By Beth Wright

Here are the top stories on Just Style this week:

Nike direct-to-consumer focus to hurt Foot Locker revenues
Foot Locker management is lamenting the impact of a shrunken portfolio from Nike as the sneaker giant accelerates its direct-to-consumer strategy, with the retailer warning of a 2022 revenue drop.

Gildan Activewear presses forward with Bangladesh expansion
Canadian apparel maker Gildan Activewear is “rapidly moving forward” with the construction of the first “up-to-large-scale” textile and sewing facilities in Bangladesh, CFO Rhodri Harries has said.

TIMELINE – Ukraine-Russia crisis: The impact and support shown by the global apparel industry
The Ukraine-Russia crisis is already having both a direct and indirect impact on the apparel industry. Just Style’s timeline shows how the crisis is evolving and its impact on the global sector.

Ukraine-Russia crisis: Fashion firms support Ukraine as Russia conflict rages
Fashion companies are mobilising worldwide to support Ukraine following Russia’s invasion of the country on 24 February, while Swedish retailer H&M Group and luxury outdoor specialist Canada Goose are the latest to suspend sales in Russia.

ANALYSIS: Will hemp replace cotton as must-have fibre?
The sustainability benefits of hemp are unquestionable. But will it replace cotton? Just Style’s Hannah Abdulla investigates.

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