Embattled retailer Sears Holdings has identified US$200m in additional cost savings it can make this year and secured more financing as part of a new plan it says will enhance liquidity and accelerate its return to profitability.
House of Fraser has posted "disappointing" Christmas sales and finalised the terms of the sale of the brand names no longer used in the UK to Guangzhou Sunrise Trading Limited for a cash consideration of GBP30m (US$40.5m).
The Cotton Egypt Association (CEA) has launched a new brand identity and digital platform in a bid to rid the supply chain of falsely labelled Egyptian Cotton goods and increase consumer demand and retailer confidence in the raw material.
UK supermarket retailer Tesco posted its eighth consecutive quarter of positive sales growth, with its clothing sector performing well throughout the Christmas period as its F&F ranges continue to prove popular with customers.
Fashion for Good, a global initiative trying to make fashion more sustainable, is partnering with German sportswear giant Adidas in a move it hopes will accelerate and scale sustainable innovation in the apparel industry.
Armani, Primark, Urban Outfitters, Forever 21 and Walmart have come under fire from a trio of human rights groups who are urging major garment brands and retailers to publicly disclose the factories that produce their clothes.
Nearly $55,000 in counterfeit pairs of Nike Air Jordans sneakers that arrived as air cargo near Washington Dulles International Airport have been intercepted by US Customs and Border Protection (CBP) officers.