Top stories this week on just-style include a look at the potential impact of the Regional Comprehensive Economic Partnership (RCEP) on textile and apparel trade, why the number of “distressed retailers” in the US is set to continue growing, and how moves by Nike and Adidas to turbocharge their footwear supply chains are positioning them for more full-price selling and reduced input costs.
RCEP and its potential impact on textile and apparel trade
The Regional Comprehensive Economic Partnership (RCEP) has the potential to be one of the most significant mega-FTAs in the world, both economically and politically. And as Dr Sheng Lu, assistant professor at the Department of Fashion and Apparel Studies at the University of Delaware explains, the implications for the textile and apparel trade are enormous.
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Ranks of distressed US retailers continue to grow
The number of “distressed retailers” in the US – those whose troubled finances mean they are in danger of filing for bankruptcy – is set to keep growing over the next 12 to 18 months, according to a new report.
Fashion brands linked to polluting viscose producers
A number of fashion giants, including Sweden’s H&M and Inditex’s Zara, are said to be buying viscose from highly polluting factories that are contributing irreparable damage to environmental and human health.
Need for speed turbocharges footwear supply chains
Moves by Nike and Adidas to turbocharge their footwear supply chains through robotics and automated factories are not only set to shake up the athletic wear market but also position it for more full-price selling and reduced input costs, analysts say. And they believe the sector is already on the verge of this tectonic shift.
India apparel exporters eye 30% growth with rebate scheme
India’s apparel and textile industry believes it can consistently increase exports over the next three years, delivering growth of between 20-30% thanks to the implementation of the Rebate of State Levies (ROSL) incentive.
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