Blog: Michelle RussellVietnam continuing to gain US market share

Michelle Russell | 7 March 2016

Central America's textile exports are forecast to slow this year as Vietnam continues to gain US market share. And, with the Trans-Pacific Partnership (TPP) gaining new support, it is expected more sourcing and investment will move to Vietnam. In response, Central America is scrambling to hammer out a new regional textiles growth strategy.

Thanks to globalisation, challenges face apparel and textile manufacturers around the world as never before. Robert Antoshak, managing director at Olah Inc, argues the sector is now moving into a new stage of development where cost remains a prerequisite for some types of production while quality, low unit production increasingly carves out space elsewhere.

Transparency is a challenge often talked about in the global apparel industry, and one US start-up - Project JUST - is hoping to address that with the addition of an extra dimension: distilling information for the consumer, providing a quick and easy-to-use tool to check a brand's manufacturing practices and ethics.

And, February proved to be a mixed month for US apparel retailers as market volatility spooked investors and consumers, while low gas prices, positive housing data and upbeat labour market indicators suggested consumers had the means to spend.

Looking at the wider fourth quarter, filings from US apparel brands and retailers continued to roll in. Our round-up of the results includes updates from Burlington Stores, Stage Stores, American Eagle Outfitters, and Weyco Group.

Unseasonably mild winters are cooling off sales of traditional warm-weather clothing - prompting insulation innovators to adapt accordingly, with variations that adapt to changing outdoor conditions and activity levels, and the use of "smart" thermal technologies.

And in other news, we look at the ten trends set to impact retail in 2016; world ending cotton stocks are projected to fall by 8% to 20.4m tons this fiscal; Under Armour reaffirms its outlook, despite one of its longest standing customers entering Chapter 11 Bankruptcy; and Gap posts another decline in monthly comparable store sales.

BLOG

Higher worker wages – who pays?

There continues to be a disconnect between buying departments and compliance teams when it comes to costing labour in price negotiations. So who should pay for a minimum wage increase?...

NEWS

Public comment sought on latest US tariff plans

The Office of the US Trade Representative is accepting public comments on the administration's proposal to implement an additional US$200bn of tariffs on Chinese imports announced last week....

BLOG

Trump tariff dispute rumbles on

The US has escalated its trade threats to China after President Donald Trump said he is considering tariffs on an additional $200bn of Chinese goods if China "refuses to change its practices."...

BLOG

Trump spares textile machinery in tariff spat

Hundreds of US imports from China will be hit with an additional 25% tariff from next month – but to the relief of the US textile, apparel and footwear industry, most of the equipment used in the dome...

NEWS

Enka completes first viscose filament yarn audit

German firm Enka has become the first viscose filament yarn producer to undergo a CanopyStyle audit, demonstrating it has taken action to remove potential risks of sourcing from ancient and endangered...

BLOG

Esquel's eco-friendly manufacturing complex

Hong Kong-based Esquel Group, the world's largest woven shirt maker, has been bedding-in operations at a ground-breaking new $313.3m eco-friendly manufacturing complex in southern China....

just-style homepage



Forgot your password?