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US Q1 in brief – Macy's, Stein Mart, Francesca's

2 July 2020 | just-style

In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Macy's, Inc has posted a US$3.58bn loss, while Stein Mart reported a 57% tumble in sales. Elsewhere, PVH Corp has reported an "unprecedented" decline in revenue and earnings and sales at Zumiez have fallen by more than a third.... read more


Ex Tommy Hilfiger chief Grieder to take reins at Hugo Boss

17 June 2020 | Beth Wright

German luxury fashion brand Hugo Boss has named former Tommy Hilfiger boss Daniel Grieder as its future CEO.... read more


Retailers begin to outline store reopening plans – Update

16 June 2020 | just-style

Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.... read more


Martijn Hagman to lead Tommy Hilfiger Global

3 June 2020 | Beth Wright

Apparel giant PVH Corp has promoted Martijn Hagman as CEO of Tommy Hilfiger Global and PVH Europe, succeeding company veteran Daniel Grieder.... read more


US Q4 in brief – Boot Barn Holdings, VF Corp, PVH Corp

21 May 2020 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has posted a fall in both earnings and revenue, while VF Corp and PVH Corp have both reported a net loss. Elsewhere, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall.  ... read more


Global retail closures as coronavirus spreads – Update

15 April 2020 | just-style

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. ... read more


PVH's Stitch Accelerator to fast-track 3D design goals

14 April 2020 | Michelle Russell

Software specialist Browzwear is broadening its partnership with PVH Europe's tech incubator Stitch on a training and certification programme to prepare up-and-coming designers and product developers for 3D design and digital workflows.... read more


Kering luxury labels prepare to produce surgical masks

25 March 2020 | Beth Wright

Kering is to provide the French health service with 3m surgical masks, which the luxury goods group will purchase and import from China, as part of efforts to combat the Covid-19 pandemic in France. ... read more


PVH closes majority of China stores on coronavirus

13 February 2020 | Beth Wright

Apparel giant PVH Corp has temporarily closed the majority of its Calvin Klein and Tommy Hilfiger stores in China amid the coronavirus outbreak. ... read more


Fashion industry pilot to produce first circular polybag

12 December 2019 | Beth Wright

A new pilot project aims to reduce the use and impact of virgin polybags in the fashion industry by developing a fully circular solution based on recycled content.... read more


How cutting-edge technologies can track organic cotton

22 November 2019 | Beth Wright

A pilot project that combines on-product markers and blockchain technology to trace organic cotton from farm to consumer – a first in the apparel industry – has been deemed so successful that it could be implemented on a wider scale in the organic cotton sector and shows "enormous potential" as an end-to-end traceability solution for other preferred fibres in the fashion supply chain.... read more


New Kering sustainability chair at French fashion institute

18 November 2019 | Beth Wright

French luxury goods group Kering has teamed up with the Institut Français de la Mode (IFM) to launch a new position at the higher education institution to drive scientific research on a wide range of topics related to sustainability.... read more


Tommy Hilfiger eyes 100% 3D apparel design by 2022

8 November 2019 | Beth Wright

The Tommy Hilfiger brand is aiming for its its spring 2022 collections to be completely designed using 3D technology, in a move that builds on its target to digitise its end-to-end value chain.... read more


24 more companies join Kering sustainability pact

29 October 2019 | Beth Wright

Decathlon, Gant and Mango are among the latest 24 companies to join a new coalition that has pledged to set practical steps to reduce the environmental impact of the apparel industry.... read more


Kering to up luxury focus with Puma bonds issue

30 September 2019 | Hannah Abdulla

Apparel firm Kering is taking another step toward streamlining its focus on its luxury portfolio, and has announced plans to further reduce its remaining stake in German sportswear brand Puma.... read more


Kering commits to full carbon neutrality across the supply chain

24 September 2019 | Beth Wright

French luxury goods group Kering is to offset the group's annual Greenhouse Gas (GHG) emissions from 2018 as part of a bid to make the  entire group carbon neutral within its own operations and across the entire supply chain.... read more


PVH slashes outlook amid trade tensions

30 August 2019 | Hannah Abdulla

Calvin Klein owner PVH Corp has slashed its full-year outlook for the second time in under a year, attributing the move to the ongoing trade war between China and the US, and protests in Hong Kong.... 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


Kering H1 sales surpass EUR7bn but Gucci growth slows

26 July 2019 | Beth Wright

French luxury goods group booked strong double-digit sales growth in the first half of 2019 and a record operating margin of 29.5% – but investors have instead focused on a slowdown in sales growth at its key Gucci brand.... read more


Investors press brands for more workforce transparency

3 July 2019 | Beth Wright

A coalition of more than 120 institutional investors with combined assets of more than US$14 trillion is renewing its demand for companies across the world to come forward with better data on their staff and supply chain workers, with the aim improving the quality of jobs globally. ... read more


Kering eyes greater transparency with new digital EP&L platform

6 June 2019 | Beth Wright

Luxury goods group Kering has launched a new digital platform granting access to its Environmental Profit and Loss (EP&L) account in a move designed to support fashion players with information and insight into the complexities of their own environmental impacts. ... 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


Kering develops new standards for animal welfare

14 May 2019 | Hannah Abdulla

Luxury goods group Kering has published new Animal Welfare Standards in a bid to ensure the humane treatment of animals across the company's supply chains.... read more


Kering off to solid start with double-digit Q1 sales rise

24 April 2019 | Hannah Abdulla

Luxury apparel group Kering has reported a 21.9% jump in sales on a reported basis, which includes the impact of currencies and acquisitions, to EUR3.8bn during the first quarter of 2019.... read more


PVH to take back control of Tommy Hilfiger in SE Asia

25 March 2019 | Leonie Barrie

US apparel giant PVH Corporation is taking back more direct control of its Tommy Hilfiger business in Central and South East Asia ahead of plans to expand the brand in the region.... 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


Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... 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


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


Kering posts FY profit jump on higher sales

12 February 2019 | Hannah Abdulla

Luxury French fashion house Kering has booked "record high" full year profits that saw a net profit jump of 108% to EUR3.7bn on the back of healthier full-year sales.... 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


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