Top stories this week on just-style include the news Under Amour is to close stores and cut jobs as part of plans to build a stronger and smarter company; the CEO of VF Corp has praised the company’s early progress in its five-year plan to revamp its supply chain; new figures suggest that while most buyers are paying their bills on time, some suppliers are incurring big costs on their orders; and over 80 garment workers have taken part in a hunger strike in Bangladesh.
Under Armour to close stores and cut jobs amid restructuring
Athletic wear maker Under Armour is to close stores and cut jobs as part of new plans to build a stronger and smarter company with faster go-to-market speed and greater digital capabilities.
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VF CEO applauds early results of speed-to-market plan
The CEO of US footwear and apparel giant VF Corp has praised the company’s early progress in its five-year plan to revamp its supply chain – a move aimed at accelerating speed-to-market and getting closer to its consumers.
Solving tomorrow’s apparel industry problems today – Comment
Almost the entire US garment retail sector is in trouble, yet companies such as Amazon are moving ahead. Brick-and-mortar stores cannot compete with Amazon. Instead, in order to succeed they must out-Amazon, Amazon, writes David Birnbaum.
Suppliers incurring big costs due to buyer payment terms
First findings from research into how the purchasing practices of fashion buyers can have a knock-on impact on their suppliers suggests that while most buyers are paying their bills on time, some suppliers are incurring big costs on their orders.
Sacked Grameen Knitwear workers protest in Bangladesh
Over 80 Bangladesh garment workers working at a factory supplying Japanese casual clothing brand Uniqlo have taken part in a hunger strike, claiming they are still due compensation after being fired in 2015.
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