UK: 850 jobs axed as Adams Childrenswear closes stores (MEM)

Five days after calling in the administrators, Adam’s Childrenswear today (5 January) shut 111 stores with the loss of around 850 jobs.

UK: Liberty says December sales exceed expectations (MEM)

Up-market London department store Liberty Plc has released an encouraging trading update in which it said sales for the first 10 months of its financial year were ahead of last year, and that December’s results “exceeded expectations.”

UK: John Lewis sales rise 2.4% over holiday period (REG)

Same-store sales at John Lewis were flat over the key Christmas and early clearance trading period, the department store retailer said today (5 January), but cautioned that the next few months are likely to be “extremely tough.”

• US: Global cotton trade to fall by 12% in 2008/09 (MEM)
  Global cotton imports are expected to fall by 12% to 7.3m tons in 2008/09, the International Cotton Advisory Committee (ICAC) says, as consumption is hit by a slowdown in economic growth in 2009.
• CHINA: Textile firms see profit fall 1.8% in 11 months
  Chinese textile firms have seen their profits drop for the first time in a decade, according to state media reports last week, after the global financial crisis led to lower demand for their products.
• UK: Chester Barrie launches wholesale collection (REG)
  Savile Row men’s wear brand Chester Barrie is to return to the wholesale market this month with the launch of a full collection for autumn/winter 09, targeted at luxury retailers and top-end department stores.
• UK: Blooming Marvellous on verge of collapse? (MEM)
  Maternity chain Blooming Marvellous is the latest UK clothing retailer reported to be in trouble, with newspaper reports at the weekend suggesting it could be about to call in the administrators.
• JAPAN: Uniqlo same-store sales surge 10.3% in December (REG)
  Fast Retailing Co today (5 January) said December same-stores sales at its Uniqlo chain in Japan jumped by 10.3% year on year, shrugging off a slowdown in its domestic market for the second month in a row.
• US: Tarrant Apparel and America Rag settle lawsuit (MEM)
  Apparel maker Tarrant Apparel Group has settled litigation with American Rag Cie relating to a license to sell branded apparel at Macy’s.
• UK: Mosaic Fashions in talks with lenders – paper (REG)
  Mosaic Fashions, owner of the Oasis, Warehouse and Karen Millen brands, is reported to be in talks with its lenders after some of its suppliers started demanding up-front payments.

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New Year, bad news
5th January 2009 17:32

We’re less than a week into the New Year and already there’s another slew of bad news from the high street – confirming fears that disastrous holiday sales will spark a domino effect of store closu...

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• Global market review of luxury apparel – forecasts to 2014 (download)
  Published Dec 2008 - (£ 595.00)
• Clothesource Sourcing Kit 2009
  Published Nov 2008 - (£ 1750.00)
• Global market review of outsize clothing – forecasts to 2014 (download)
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  Published Dec 2008 - (£ 215.00)
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  Published Nov 2008 - (£ 900.00)

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just-style’s review of the apparel industry in 2008

2008 was a year of surprises for the international clothing and textile sector, many of them unpleasant. It was of course the year when the first global recession since the early 1990s hit the world, and inevitably this has impacted on international trading patterns and the fortunes of industry players, big and small... But the clothing and textile sector is known for its resilience and innovation so there was plenty of progress in 2008 as well. Its ability to change direction fast to meet new markets and tastes will be essential in 2009, as the sector starts the long climb out of the current economic slump. Here just-style reviews 2008, month by month.

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