Cambodia apparel sector says impact of EU brand regulations will be slow
Cambodia's apparel sector does not expect any major immediate shifts to its industry standards, despite upcoming regulations from the EU and US.
19 January 2024
19 January 2024
Cambodia's apparel sector does not expect any major immediate shifts to its industry standards, despite upcoming regulations from the EU and US.
US clothing sales jumped 3% in the two months from November to December as consumers enjoyed the easing of prices in certain categories, data analysis from the NRF reveals.
A new report found resale players are struggling to remain profitable despite the resale apparel market growing by 114.8% between 2017 and 2022 to reach $193.7bn with additional competition from major brands like Zara, Shein with their in-house resale services.
A new report from thinktank the New Climate Institute says the climate commitments made by ten fashion and tech companies “vary widely” in ambition and credibility.
As the fashion sector combats a spike in counterfeit goods amid its mission to become more transparent with consumers about the journey of the goods they buy, an expert tells Just Style how blockchain can be leveraged to give customers "deeper insights" into their purchases including its origin and previous ownership.
Following new claims by Canadian apparel manufacturer Gildan that its former CEO had a "close relationship" with shareholder Browning West and did not prioritise his work, both the former CEO and Browning West have urged the board to focus on "creating value" as opposed to "self-preservation".
Arklyz Group, the parent company of The Athlete’s Foot has become the owner of the German-based shoe manufacturer, Lloyd Shoes to provide strategic support and resources to further strengthen and grow the company’s wholesale, omnichannel and international business.
Wood-based speciality fibre company Lenzing has unveiled a new processing technique for its Tencel Lyocell fibre that can transform it into a traceable and fossil-free alternative material for stretch fabrics.
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Global menswear market is expected to grow at a CAGR of more than 4% by 2027, as consumer confidence takes time to rebuild following inflationary pressures. The popularity of the resale market will also somewhat hinder menswear retail growth, as more shoppers will divert spend away from traditional retailers and brands to secondhand channels, in a bid to save money and protect the planet.
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