11 June 2024
11 June 2024
Ahead of crucial elections across the EU, fabric and clothing makers as well as retailers are pressing future EU policymakers to step up efforts to prevent cheap products being dumped on the market, warning Shein’s listing in London would be “yet another betrayal to working people everywhere and the planet.”
AGOA members see imports of apparel into the US fall by 23.7% in value in April 2024 compared to 2023, according to the latest figures from OTEXA, with Ethiopia particularly affected.
According to international consultancy EY Parthenon, Portugal now offers a “strong alternative” to Italy for footwear manufacturers as the country invests €600m ($644.5m) in the sector.
Prominent industry groups have jointly called for a "visionary, confident and proactive trade agenda" in a letter to the Financial Times editor, stressing the importance of US-allied cooperation in promoting democratic values and tackling global challenges.
The CNBC/NRF Retail Monitor revealed a jump in retail sales during May, with clothing and accessories stores seeing a 1.44% month-over-month increase and a 6.24% year-over-year uptick, which the National Retail Federation (NRF)’s president believes is down to consumers’ resilient ability to spend.
G-III Apparel Group has acquired a 12% stake in Madrid-based All We Wear Group (AWWG) to drive the international expansion of its owned brands like DKNY and Karl Lagerfeld.
The European responsible fashion sourcing show Source Fashion, has teamed up with the Foreign, Commonwealth & Development Office (FCDO) to promote the new Developing Countries Trading Scheme, offering insights into boosting trade with 65 developing nations by removing or reducing import duties.
Monthly inbound cargo volume at major US container ports is forecast to reach its highest level since 2022 this summer, driven by robust consumer spending and retailers stocking up for peak season.
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