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Global retail staff and salary reductions amid Covid-19 – Update

6 April 2020 | just-style

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:... read more


US Q4 in brief – PVH Corp, Iconix Brand Group, Oxford Industries

2 April 2020 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, PVH Corp has reported a net loss, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall. Elsewhere, Guess CEO Carlos Alberini has hailed a "strong" performance, and Lands' End has reported increases in both earnings and revenue. ... read more


US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco

5 February 2020 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. ... read more


US holiday sales in brief – Target Corp, Zumiez, Urban Outfitters

16 January 2020 | just-style

It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Target's holiday sales failed to meet company expectations but Urban Outfitters reported record results. Elsewhere, L Brands has lowered its fourth-quarter earnings guidance and Kohl's is now expecting fiscal 2019 diluted earnings per share to be at the low end of its guidance range.... read more


US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores

1 November 2019 | just-style

In the latest second-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered what CEO Jim Conroy called an "outstanding" second-quarter, VF Corp has reaffirmed its full-year outlook, and Oxford Industries has posted its tenth consecutive quarter of consolidated comparable sales growth. Elsewhere, Genesco moved to a profit, while G-III Apparel Group has revised its full-year guidance in the wake of Trump's latest tariff hike. ... read more


JC Penney warned on potential NYSE delisting

9 August 2019 | Beth Wright

JC Penney has been warned of a potential delisting from the New York Stock Exchange (NYSE) after shares in the US department store retailer traded below US$1 for a period of 30 days.... read more


US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands

1 August 2019 | just-style

In the latest first-quarter filings from US apparel and footwear brands and retailers, VF Corp has raised its fiscal 2020 outlook, Cherokee Global Brands booked a mixed first quarter and announced it will officially rebrand to Apex Global Brands, Destination Maternity reported a challenging start to the year amid the news Marla Ryan will step down as CEO, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker. ... read more


JC Penney denies debt restructuring claims

22 July 2019 | Beth Wright

US retail giant JC Penney has responded to reports the company has hired advisers to explore debt restructuring options, noting it has a "strong liquidity position" and is not preparing for a restructuring or bankruptcy.... read more


US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity

23 May 2019 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.... read more


JC Penney names new CFO as it eyes return to profit

28 March 2019 | Beth Wright

US retail giant JC Penney has announced another C-suite appointment, bringing Bill Wafford on board as executive vice president, chief financial officer.... read more


The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more


How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more


JC Penney ups stores closures to 18

1 March 2019 | Beth Wright

US retail giant JC Penney is to shutter 18 full-line stores this summer as part of its bid to return to profitable growth.... read more


British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more


Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more


US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more


US Q3 in brief – Boot Barn Holdings, VF Corp

6 February 2019 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca's Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a "strong earnings performance", and Abercrombie booked its fifth consecutive quarter of positive comparable sales.... read more


Hemp apparel – hype or opportunity?

4 February 2019 | Leonie Barrie

With products derived from hemp making their presence felt in a range of industries, from food and drinks to medicines, we've looked at potential applications in clothing – and issues for the supply chain.... read more


TexOps restructure and the quest to get ahead

28 January 2019 | Beth Wright

Salvadoran sportswear maquila TexOps is navigating a painful restructuring, with owner David Ha putting the brakes on expansion. "We are going back to basics,” the Korean entrepreneur tells just-style in an exclusive interview, revealing how the firm is strategising ahead to get ready for what is coming. This, he says, includes an increase in US labels shifting sourcing south of the border as Trump's trade war with China escalates.... read more


US trade updates out of date

15 January 2019 | Leonie Barrie

Apparel and textile industry executives are among those being deprived of key trade and economic data amid the ongoing US government shutdown – at a time when trade tensions between the US and China mean that having access to the most up-to-date statistics is more important than ever.... read more


US holiday sales in brief – Nordstrom, Citi Trends, Urban Outfitters

15 January 2019 | just-style

It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Urban Outfitters reported record holiday sales, Kohl's raised its full-year earnings guidance on the back of a 1.2% rise, while US retail giant JC Penney is to shutter three stores this spring on the back of a 5.4% comp sales drop.... read more


JC Penney to close three stores amid festive comp fall

9 January 2019 | Beth Wright

US retail giant JC Penney is to shutter three stores this spring as part of an ongoing evaluation of its store portfolio under new CEO Jill Soltau.... read more


2019 off to a positive start

7 January 2019 | Leonie Barrie

Getting 2019 off to a positive start, it seems US apparel retailers saw some holiday cheer, with strong sales momentum that started during the back-to-school season carrying on to Christmas.... read more


UN sets new Fashion Industry Charter for Climate Action

18 December 2018 | Leonie Barrie

43 leading fashion brands, retailers and suppliers – including Adidas, Burberry, Gap Inc, H&M Group, Inditex, Kering, Levi Strauss & Co, and PVH Corp – are backing the UN’s new Fashion Industry Charter for Climate Action with an initial goal of reducing aggregate greenhouse gas emissions by 30% by 2030.... read more


Decathlon's decade-long eco-labelling project

12 December 2018 | Leonie Barrie

Global sporting goods giant Decathlon is nearing the finishing line on a decade-long project that will see all textile and footwear items labelled with their environmental impact by the end of next year. The data is also enabling more eco-friendly design – and will be made freely available to other companies. The retailer has spoken exclusively to just-style about the initiative.... read more


Regional supply chains shape up

26 November 2018 | Leonie Barrie

Regional patterns in world textile and apparel trade are becoming increasingly important, according to an analysis using data from the re:source by just-style sourcing tool. The trend reflects both the changing dynamics of the global economy and the shifting sourcing strategies of fashion brands and retailers.... read more


US-China trade spat spurs sourcing shifts

22 November 2018 | Leonie Barrie

The coming change of control of the House of Representatives following the US mid-term elections will probably do little to stop the escalating tariff disputes between the US and China, the American fashion industry has been warned.... read more


Complexities of multi-channel pricing, sourcing and stock control

15 November 2018 | Leonie Barrie

The fashion industry is operating in a multi-channel world – but when it comes to managing this approach, it seems there is no unanimity of best practice (and often no best practice at all) on multi-channel pricing, sourcing and stock control. Here we unravel some of the complexities.... read more


Fashion firms struggle on speed to market

6 November 2018 | Leonie Barrie

Fashion firms are continuing to wrestle with the challenges of taking decisions quickly and meeting deadlines – and admit they are struggling to speed their go-to-market processes to keep up with fast-moving consumer buying behaviour.... read more


Why cotton is being battered on all fronts

29 October 2018 | Leonie Barrie

Cotton is being battered on all fronts, from false information campaigns, to competition from synthetic alternatives, and a changing consumer. The challenge now facing the cotton industry is how to regain its footing.... read more


US Q2 in brief – Boot Barn Holdings, VF Corp, Sears

26 October 2018 | just-style

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.... read more


New businesses shaking up a broken retail model

23 October 2018 | Leonie Barrie

The convergence of disruptive new technologies, easy access to cheap capital, and changing consumer attitudes are shaking up an already-broken retail model, according to speakers at last week's IAF World Fashion Convention. But rising Phoenix-like from the ashes are nimble new players building a smart future for fashion.... read more


Apparel sourcing rules under NAFTA 2.0

15 October 2018 | Leonie Barrie

The new United States-Mexico-Canada Agreement (USMCA) – also dubbed NAFTA 2.0 – has finally been agreed, but what does it mean for apparel sourcing? Here we take a close look at the new apparel-specific rules of origin.... read more


Trade tremours continue to reverberate

8 October 2018 | Leonie Barrie

Following more than a year of talks, the United States, Canada and Mexico have reached agreement on a renegotiated North American Free Trade Agreement (NAFTA) – which will be called the United States-Mexico-Canada Agreement (USMCA). The new deal has been largely welcomed by apparel industry executives in the three countries.... read more


Are fashion and sustainability out of step?

1 October 2018 | Leonie Barrie

The global fashion industry is on a trajectory set to stretch planetary resources beyond breaking point unless it finds better ways of producing, using and disposing apparel.... read more


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