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Textiles Intelligence
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Monday, April 21, 2014
S AFRICA: Union welcomes agreement on clothing industry wages  (2014-04-17)
  South Africa's textile workers union has welcomed a new agreement by the country's government that sets a minimum wage for workers and imposes penalties for non-compliance.
FINLAND: Stockmann to cut 330 jobs as restructuring continues  (2014-04-17)
  Finnish fashion and department store retailer Stockmann Group is pressing on with restructuring measures, which it hopes will reverse falling profits, resulting in 330 job losses.
US: Gap to grow China sales to $1bn in three years  (2014-04-17)
  Gap Inc says it expects sales in China to grow to US$1bn in three years to become the US retail giant's second-biggest market.
Global news roundup  (2014-04-08)
  The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
US: American Apparel resolves listing deficiency  (2014-04-17)
  Basic clothing retailer American Apparel Inc has said it is back in compliance with the New York Stock Exchange's listing requirements.
US: DSW appoints Meixelsperger as finance chief  (2014-04-17)
  Branded footwear and accessories retailer DSW has appointed Mary Meixelsperger as its chief financial officer.
FRANCE: 'New' La Redoute looks to "break-even" in 2017  (2014-04-17)
  Loss-making French mail order firm La Redoute is aiming to move out of the red in 2017, according to new owners Nathalie Balla and Eric Courteille.
GERMANY: Adidas promotes King to head up North America unit  (2014-04-17)
  German sportswear giant Adidas has promoted Mark King to the role of president of the group's North America division.
US: Family Dollar deploys loss prevention technology  (2014-04-17)
  US discount retailer Family Dollar is implementing electronic article surveillance (EAS) loss prevention technology across its stores to improve productivity and profitability.
US: Winter boosts women's apparel sales growth  (2014-04-17)
  Double-digit growth in sales of outerwear and tailored clothing helped drive a 4% increase in women's apparel sales in the US last year.
Top stories this week on just-style...  (2014-04-17)
  The most-read stories on just-style this week include warmer weather a welcome boost for UK fashion sales, an analysis on why no one strategy fits all in apparel sourcing, and Tesco to open a chain of F&F clothing stores in the US.
UK: Shoppers return to high street in March  (2014-04-17)
  UK shopper numbers experienced growth in March after good promotions, new ranges, and warmer weather attracted them back to the high street.
UK: Mulberry profit warning "underpins struggle"  (2014-04-17)
  Mulberry has issued its second profit warning since Christmas, with one analyst saying it underpins the struggle it has had trying to transition itself from a luxury brand to an uber luxury label.
FINLAND: H&M veteran to lead Marimekko design strategy  (2014-04-17)
  Finnish apparel and homeware business Marimekko has poached H&M executive Anna Teurnell as its new creative director, with responsibility for leading its design strategy.
CHINA: Xiniya Fashion confident despite FY profit slump  (2014-04-17)
  Men's wear business China Xiniya Fashion says it remains confident in its outlook, despite reporting a 44.6% decline in annual profit.

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