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Brexit--the exit of the UK from the EU--could benefit the UK textile and clothing industry ...more...
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Textiles News Headlines
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Thursday, January 18, 2018
Fat Face holiday trading "strong on all fronts"  (2018-01-09)
  UK clothing retailer Fat Face says its Christmas trading performance was "strong on all fronts," with sales growth over the festive season up by double-digits after it shunned the typical pre-Christmas discounting frenzy.
Much work remains to reach a deal on US-Korea FTA  (2018-01-09)
  First feedback from a day-long session on updating the US-Korea free trade agreement suggests there is still "much work to do to reach an agreement that serves the economic interests of the American people."
US retail and apparel industry woes set to ease in 2018  (2018-01-09)
  After a particularly difficult year for US retail and apparel companies in 2017, the outlook for 2018 will be brighter overall - even for department stores - a new report says.
LL Bean joins Cotton Leads programme  (2018-01-08)
  US outdoor apparel retailer LL Bean has joined more than 470 companies from across the global supply chain who have signed up to the Cotton Leads programme, which supports responsible production practices by cotton growers in the US and Australia.
US retail imports end 2017 with 7% growth  (2018-01-08)
  Imports at major US retail container ports grew 7% year-on-year during 2017 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season.
Lululemon ups Q4 guidance on holiday momentum  (2018-01-08)
  Canadian yogawear retailer Lululemon Athletica has upped its fourth quarter net revenue and earnings guidance on the back of better than expected holiday sales - but says it is still assessing the likely impact of the recently passed US tax reform.
Byte and TexTempo team on manufacturing process solutions  (2018-01-08)
  A new alliance between software developer Byte Software Services and sewn products automation and marketing firm TexTempo aims to help apparel companies digitally transform a range of manufacturing operations through advanced shop floor data collection and analysis.
NAFTA trade flows continue to climb  (2018-01-08)
  Monthly freight flows between the US and its NAFTA partners Canada and Mexico rose 6.6% month-on-month in October, and were up 7.9% from a year earlier.
New solution helps retailers to forecast pricing elasticity  (2018-01-08)
  A new software solution that enables retailers and brands to forecast price elasticity of new products to determine optimal prices and increase margins is being launched next week.
Bangladesh Alliance remediates 54 more factories  (2018-01-08)
  The Alliance for Bangladesh Worker Safety says that during the month of December, a further 54 Alliance-affiliated factories completed all material components outlined in their Corrective Action Plans (CAPs), bringing the total number of CAP-completing factories to 301.
H&M preparing to launch discount fashion site?  (2018-01-08)
  As part of a so-called secret bid to become a "digital powerhouse", Hennes & Mauritz (H&M) has reportedly inked agreements with 60 brands to launch a discount fashion site later this year.
Holiday sales show Kohl's is on the "right track"  (2018-01-08)
  Like other department store groups, Kohl's has further work to do in the year ahead, but according to one analyst, its positive sale growth over the key holiday trading seasons signals it is firmly on the right track.
Mothercare shares tumble amid profit warning   (2018-01-08)
  Shares in Mothercare tumbled more than 25% this morning as the UK mother, baby and children's goods retailer issued a profit warning on the back of a sales slump over the key Christmas trading period.
New Look under pressure as supplier cover withdrawn  (2018-01-08)
  UK fashion retailer New Look may be forced to pay for product shipments upfront or accept more onerous payment terms following the withdrawal of credit insurance to many of its suppliers - in a move that will spark fresh concerns over its finances.
Madagascar knitwear workers protest at enforced unpaid leave  (2018-01-08)
  Hundreds of workers at Classic Knitwear in Madagascar are said to be fighting against arbitrary technical unemployment - an enforced three-month unpaid leave imposed by the company, during which a worker cannot change employer.

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