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The apparel industry must work collaboratively to make real progress in tackling the sustainability challenge ...more...
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Thursday, July 18, 2019
Barneys "exploring bankruptcy" amid financial struggles  (2019-07-18)
  Barneys New York is reportedly exploring options that include a bankruptcy filing, as the US luxury department store chain grapples with high rents and changing consumer tastes.
Asos shares tumble on FY profit warning   (2019-07-18)
  Shares in Asos remained down by more than 17% this afternoon (18 July) as the UK-based online fashion retailer reduced its full-year sales and profit expectations.
India's Future Enterprises CFO arrested over unpaid duties  (2019-07-18)
  Indian federal authorities have reportedly arrested a top executive at retail giant Future Group on customs fraud charges involving more than US$2m of unpaid customs duties on garment imports.
Anne Klein acquired by investment firm WHP Global  (2019-07-18)
  Global fashion brand Anne Klein has been acquired by a new investment firm led by the former vice chairman for the parent company of Toys'R'Us, Yehuda Shmidman.
New First Insight tool improves customer experience  (2019-07-17)
  Technology firm First Insight has developed a new platform that combines enhanced customer insights with product-level analytics to help companies to increase speed-to-market and deliver customer-driven assortments.
South East Asia unions resolve to build networks  (2019-07-17)
  Trade union leaders from IndustriAll Global Union affiliates in seven countries in South East Asia have resolved to build networks and increase organising in the textile and garment sector.
Spreadshirt invests $10m in new printing technology  (2019-07-17)
  Spreadshirt, a cotton apparel print-on-demand company, says it plans to invest US$10m on print technology over the next two years to handle increased demand and to expand into new categories.
Shop Direct names Guy Farmer group trading director  (2019-07-17)
  UK digital retailer and financial services provider Shop Direct has appointed Walgreens executive, Guy Farmer, as group trading director to oversee the company's buying, sourcing and data intelligence teams.
Spreadshirt to boost apparel print capabilities with $10m investment  (2019-07-17)
  Spreadshirt, a cotton apparel print-on-demand company, has said it plans to invest US$10m on print technology over the next two years.
Smart textiles boost wearable sensor signal strength  (2019-07-17)
  Researchers at the National University of Singapore (NUS) have incorporated conductive textiles known as metamaterials into conventional clothing to dramatically improve signal strength between electronic devices and offer the potential for new applications.
New Texon material for extra support in vulcanised shoes  (2019-07-17)
  Footwear components and materials supplier Texon has unveiled a new material that provides extra shape and enhanced levels of support in vulcanised shoes, and contains up to 50% recycled fibre content.
MAS and Hellmann Worldwide expand logistics joint venture  (2019-07-17)
  Sri Lankan apparel and fabric conglomerate MAS Holdings and Hellmann Worldwide Logistics are expanding their joint venture logistics and supply chain-related activities with a new logistics centre.
WTO expected to give US green light on Europe tariffs  (2019-07-17)
  The US could be given the go-ahead to impose tariffs on between US$5-7bn worth of products imported from Europe - which may include sweaters, anoraks, suits and swimwear - according to a report from Bloomberg.
First sale rule could mitigate US tariff impact on EU exporters  (2019-07-17)
  As the US moves closer to imposing higher tariffs on a wide range of goods imported from the EU, trade law firm Sandler Travis & Rosenberg says the first sale rule can be used to mitigate the impact of any such tariffs on EU exporters and lower costs well into the future.
Inditex outlines new global sustainability goals  (2019-07-17)
  Spanish clothing giant Inditex, the world's largest clothing retailer, has outlined a series of new sustainability commitments - including a pledge that 100% of the cotton, linen and polyester used by all eight of its brands will be organic, sustainable or recycled by 2025.

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