09 November 2023
09 November 2023
As we hit the third quarter of the year, official figures from the US Office of Apparel and Textiles (OTEXA) reveal US imports of apparel have fallen 25.2% in the year to September, with all 10 major apparel suppliers to the US experiencing a shipment decline over the period.
Global fashion brands and retailers can expect to see increased prices on readymade clothing sourced from Bangladesh after factories received official direction to increase worker wages to TK12,500 ($114) a month, the first wage hike in five years.
The National Retail Federation (NRF)'s chief economist predicts a “record-breaking” 2023 holiday sales season in the US, despite challenges and opportunities, due to the resilience of consumers and the retail sector.
Faced with complex value chains and brand resistance, Renewcell’s financial results reveal weak demand for renewable fibres.
UK retail group, Marks and Spencer (M&S) reports a 5.7% growth in its clothing & home sales in the six months to 30 September, due to more “confident” buyers and the company’s improvements to its trend-led clothing ranges in holiday and denim.
The Sustainable Trade Initiative (IDH) led discussions and introduced initiatives aimed at advancing sustainable practices within the textile and apparel industry at the Africa Sourcing and Fashion Week (ASFW) 2023, which took place from 3-6 November.
While Bangladesh's State Minister for Labour Monnujan Sufian has announced Tk12,500 ($112.8) as the new minimum monthly salary for garment workers, the demonstrations with demand to up the wages continue on the streets of Dhaka with another garment worker said to have lost their life.
The expanded kidswear offering is part of parent company Pepco’s wider clothing range transition, rebranding 56 Wilko stores as Poundland and dedicating more space to baby and kidswear.
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Per GlobalData estimates, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary were identified as high-potential countries, primarily due to the large size of their food industries, their high
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