15 January 2025
15 January 2025
The US National Council of Textile Organizations (NCTO) and the Mexican National Chamber of the Textile Industry (CANAINTEX) support Mexico's new measures to stop textile products bypassing tariffs and disrupting the co-production chain between the two nations.
Asia dominated US apparel shipments in November with Bangladesh enjoying the largest volume increase, while Mexico was the only top 10 supplier to suffer a decline.
UK online retailer The Very Group reported retail sales growth of 2.3% year-on-year for fashion and sports during the festive trading period, however an industry expert notes the category was hampered by sports brand Nike shifting focus to a direct to consumer model.
US retail sales saw a rise in December, with clothing and accessories stores experiencing a 4.07% increase from the previous month and a 14.47% rise compared to the same period last year, according to the CNBC/NRF Retail Monitor.
A survey by the British Retail Consortium (BRC) encompassing 52 UK retail sector chief financial officers (CFOs) has found two-thirds of respondents (67%) plan to increase prices due to higher National Insurance costs from April.
Global non-profit Cascale has partnered with the FASHION LEAP FOR CLIMATE initiative to increase the implementation of science-based targets across the textile, apparel, and footwear sectors.
Leading fashion brands such as Marks & Spencer, Primark, Moss Bros, New Look and Hawes & Curtis are among the list of exhibitors that will be at Source Fashion's upcoming sustainable fashion sourcing show in London.
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