Clothing and the credit crunch
CHINA: Textile firms get credit ratings
Chinese textile companies are being given credit ratings for the first time as part of moves to help them secure…
ANALYSIS: Has the retail boom gone bust?
The global credit crisis isn’t creating huge collapses in retail sales, says Mike Flanagan, despite numerous reports to the contrary.…
US: JC Penney to focus on exclusive brands to ride downturn
Department store retailer JC Penney Co is planning to open and renovate fewer stores and focus instead on private label…
UK: March retail sales fall for first time in two years
UK retail sales in March fell for the first time in two years according to new figures published by the…
SRI LANKA: US ambassador reassures exporters over economy
The US ambassador for Sri Lanka told garment exporters on Friday (28 March) that the current slowdown of the US…
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ANALYSIS: Inflation takes hold in apparel supply chain
Inflation’s back, and for retailers with slowing sales it couldn’t have chosen a worse time to rear its head. Rising…
US: Specialty channel growth to accelerate – analysts
Specialty apparel stores are expected to grow market share quicker than their department store counterparts in the US, according to…
UK: Luxury retailers driving high street growth – research
Luxury and premium retail operators will continue to drive growth in the UK high street during 2008, according to a…