Top stories on just-style this week include at look at the implications of tariffs being imposed on all goods imported into the US from China, VF Corp’s plans to spin off the group’s denim and outlet businesses, and the shadow cast by the ongoing Rohingya humanitarian crisis on Myanmar’s thriving garment exports.
Who will hurt most from US tariffs on Chinese clothing?
The threat of tariffs being imposed on all goods imported into the US from China would be a “credit negative” for the US apparel and footwear sector, leading to higher costs and gross margin pressures for up to two years until companies adjust their sourcing patterns.
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VF Corp to spin off jeans business into separate company
US apparel giant VF Corp has revealed plans to spin off the group’s denim and outlet businesses into an independent, publicly traded company – in a move it says will sharpen its focus as a global clothing and footwear powerhouse focused on brands such as The North Face, Timberland and Vans.
The unintended consequences of China clothing tariffs – Comment
If President Donald Trump imposes punitive tariffs on Chinese garment imports into the United States, David Birnbaum believes the move would simply subsidise every other apparel exporting country in the world, in the form of increased orders at higher prices.
Rohingya crisis and wage issues weigh on Myanmar
Myanmar’s garment exports may be thriving, but the ongoing Rohingya humanitarian crisis in Rakhine State and rising wages are the latest shadows on the horizon.
Malaysia garment makers worried by minimum wage hike
Malaysia’s garment and textile manufacturers are worried their government’s new minimum wage of MYR1,500 (US$368) for the private sector – which was approved this week – could make the industry less competitive.
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By GlobalData
