Blog: Leonie BarrieMadrid massacre

Leonie Barrie | 15 March 2004

As the reality of last week’s horrific events in Madrid unfolds – and it looks increasingly likely that terrorists planned the train bombs in a deliberate attempt to hijack public opinion amid the Spanish elections – it’s a legitimate question to ask if terrorism has succeeded there, where will it be next? While this column isn’t the right place to condemn the fanatics who commit such atrocities, it is justifiable to discuss the impact such actions will have on the textile and clothing industry.

The knock-on effect of a downturn in travel and tourism – however small – will hit a broad range of companies globally, including luxury goods retailers such as LVMH Moet Hennessey Louis Vuitton. The bombings are also likely to spark renewed fears among buyers. After all, although Spain’s textile and clothing industry is fast disappearing, until last Thursday to travel there would hardly have been given a second thought. Recent events will also lead to a new focus on the risks associated with foreign travel. Terrorism has up to now had limited impact on the apparel manufacturing industry, even though several strikes have been made in countries where large volumes of clothing are sourced. But as buyers are also eyeing the changes and opportunities that will unfold at the end of this year, maybe events in Spain provide yet another wake-up call on the need to spread their risks.


BLOG

Act now to keep receiving just-style newsletters

You may have noticed a red alert bar at the top of just-style’s weekly and daily newsletters asking you to “Act now to keep receiving the just-style newsletter.” ...

BLOG

Apparel imports into the US rose in June

Apparel imports into the US rose in June as merchants stocked up for summer and prepared for the back-to-school season, with imports from Vietnam continuing to surge....

BLOG

US retailers under pressure to grow sales as mall traffic slows

Under Armour is to close stores and cut jobs – around 2% of the company's global workforce – as part of new plans to build a stronger and smarter company with faster go-to-market speed and greater dig...

BLOG

Agile logistics key to new hybrid retail world

US retail giant Walmart has topped a list of the fastest growing retailers thanks to its investment in ensuring it has the right balance between its online and brick and mortar operations....

just-style homepage



Forgot your password?