Week in data: Puma stagnates, Renewcell collapses, Macy’s swings to loss
Just Style's news in numbers this week featured Puma, Renewcell and Macy's Inc, plus a deep dive into how resale/rental models in fashion are growing.
01 March 2024
01 March 2024
Just Style's news in numbers this week featured Puma, Renewcell and Macy's Inc, plus a deep dive into how resale/rental models in fashion are growing.
China is still dominating the global apparel supply chain despite fashion companies' ongoing “nearshoring” strategies, however Chinese suppliers are also reducing their own trade risks by opening facilities overseas.
US Homeland Security Secretary Alexander Mayorkas is being urged to create a detailed action plan with immediate effect to crack down on customs practices that are said to be undercutting US competitiveness and threatening US textile and apparel manufacturers.
Cotton Made in Africa (CmiA) is campaigning for women’s rights as part of the 'Inspire Inclusion' theme of this year’s International Women’s Day.
US-based footwear and workwear manufacturer Rocky Brands reported a 25.0% decline in net sales in its Full Year (FY) results ending 31 December 2023, due to a “challenging year” but remains encouraged after navigating “top-line headwinds” to drive “profitable growth” in the business.
Sri Lanka's apparel manufacturers have joined forces with the Asian Development Bank (ADB), International Financial Reporting Standards (IFRS), and the Global Language of Business (GS1) to introduce a singular QR code system label on clothing items, to enhance end-to-end supply chain visibility.
Japanese sportswear manufacturer Goldwin, Inc. is the latest company to join "The Fashion Pact," in a bid to help resolve the issue of climate change and improve the global environment.
The Material Innovation Initiative (MII)'s report suggests next-gen material companies raised at least $456.8m from 28 publicly disclosed deals in 2022 with capital investments continuing on an upward trajectory over the last 10 years.
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