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Saturday, February 6, 2016
Matalan rating downgraded on profit "concerns"  (2016-02-05)
  Value fashion and homewares retailer Matalan has had its ratings outlook downgraded by Moody's over concerns about the company's ability to reverse the decline in profitability in its current fiscal.
Oeko-Tex sets new STeP certification criteria  (2016-02-05)
  Oeko-Tex has put new criteria into place for its STeP certification standard, designed to make the sustainability of production facilities throughout the textile supply chain visible using a transparent scoring system.
Hanesbrands Q4 performance "disappoints"   (2016-02-05)
  US apparel manufacturer Hanesbrands delivered a somewhat disappointing fourth-quarter performance, as warmer weather hurt sales, and provided "conservative" guidance for fiscal 2016. 
Deckers to close stores on "challenging" Q3  (2016-02-05)
  Apparel and footwear group Deckers Brands is to speed up some elements of its long-term strategy with the closure of around 20 stores, after revealing a "more challenging" third-quarter than it expected.
Wolverine implements new operating structure  (2016-02-05)
  US clothing and footwear business Wolverine Worldwide has implemented a new brand operating group structure with the appointment of four new divisional heads. 
UK fashion bounces back with "strong" sales in January   (2016-02-05)
  UK retail sales bounced back in January from their worst Christmas since 2008, with fashion being the strongest performer, thanks to extended discounts during the month. 
Unions call for Indonesia minimum wage review  (2016-02-05)
  Unions are urging the Indonesian government to return to the bargaining table to increase the country's minimum wage.
Hugo Boss taps Hengstmann as sustainability chief   (2016-02-05)
  German fashion brand Hugo Boss has appointed former Puma executive Reiner Hengstmann as senior head of global sustainability. 
Top stories this week on just-style...  (2016-02-05)
  The most-read stories on just-style this week include a new report which found Syrian refugee workers in Turkish clothing factories that supply the likes of Next and H&M, renewed fears for worker safety after the latest garment factory fire in Bangladesh, and an update from Under Armour on its competitive positioning.
No catalyst for change forecast at Ralph Lauren until May   (2016-02-05)
  Analysts have said there will be "no catalyst for sentiment change" at Ralph Lauren until May, after the US apparel giant lowered its full-year outlook and posted a double-digit decline in third-quarter net profit. 
Global news roundup  (2016-01-29)
  The following is a round-up of apparel and footwear news from the world's local media.
Kohl's cuts FY profit outlook on lower sales  (2016-02-04)
  Department store retailer Kohl's has cut its full-year earnings guidance as a result of lower than planned sales for the quarter and "significantly" lower gross margin. 
Bangladesh fire highlights race to make factories safe  (2016-02-04)
  A fire that broke out at a garment factory in Bangladesh that was supposedly "on track" with remedial action highlights the race against time to make Bangladesh's garment factories safe, according to one industry trade union. 
Simparel promotes industry veteran Mangual to president   (2016-02-04)
  Fashion software supplier Simparel has promoted fashion and technology veteran Roberto Mangual to the position of president. 
Stable cotton outlook for India but risk of price crash  (2016-02-04)
  India Ratings and Research (Ind-Ra) has maintained a stable outlook for the country's cotton textiles sector in FY16/17 thanks to margin expansion led by lower cotton prices, but has warned of the risk of a potential price crash due to uncertainty in China.

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