Daily Newsletter

12 December 2023

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Daily Newsletter

12 December 2023

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Spotlight

Sourcing country ‘stability’ key for US apparel buyers in October

US apparel shipments from all sources sank in October as consumer demand continued to wane with Bangladesh bearing the brunt after wage protests in the country and a sluggish economy.

Latest news

Signal: ‘Authenticity’ now key trait in fashion influencer partnerships

Brands must continue to leverage the power of fashion influencers in driving sales, but they must adopt a "less polished" approach when it comes to seeking out influencers as authenticity is key.

12 December 2023

Shein explores UK public listing after filing for US IPO

Fast fashion retailer Shein is reportedly considering a public listing in the UK, despite already filing documents for an initial public offering (IPO) in the US for 2024.

12 December 2023

Clean Clothes Campaign applauds 48 signatories to International Accord, urges more to join

The Clean Clothes Campaign has criticised several brands for not signing the International Accord for Health and Safety in the Textile Industry, after announcing it has been signed by 48 other brands.

12 December 2023

Struggling Macy’s in bind as investors make buyout bid on real estate

Following what is described as "years of chronic underperformance," an analyst told Just Style US department store Macy's has to make a "judgement call" on a real estate investor group's bid to take it private.

12 December 2023

ReHubs kickstarts operations with first partners Inditex, Mango, Euratex

ReHubs, an initiative launched by the European Apparel and Textile Industry (Euratex), has officially welcomed its first industry partners, including Spanish fashion companies Inditex and Mango amongst others, to advance the textile recycling capacity across Europe.

12 December 2023

Better Cotton aligns with UN initiative to empower SMEs in global supply chains

Cotton sustainability programme Better Cotton has pledged its support to the United Nations' International Trade Centre’s ‘Uniting Sustainable Actions’ initiative, which aims to promote the work of small and medium-sized enterprises (SMEs) in global supply chains.

12 December 2023

US import cargo peaked in fall with NRF predicting record holiday sales

The latest Global Port Tracker report suggests the inbound cargo volume at the US' major container ports should continue to slow in the final weeks of 2023 after reaching its peak in fall, which was later than expected.

12 December 2023

Global menswear market dynamics

Global menswear market is expected to grow at a CAGR of more than 4% by 2027, as consumer confidence takes time to rebuild following inflationary pressures. The popularity of the resale market will also somewhat hinder menswear retail growth, as more shoppers will divert spend away from traditional retailers and brands to secondhand channels, in a bid to save money and protect the planet.