Daily Newsletter

17 June 2024

Share with colleague
Subscribe

Daily Newsletter

17 June 2024

Share with colleague
Subscribe

Spotlight

Explainer: Why global EPR policy is circular fashion’s next frontier

A mandatory fee-based Extended Producer Responsibility (EPR) policy that operates beyond country borders is now seen as critical for building a long-term circular fashion economy.

Latest news

Week in review: Fashion brands tapping pop culture is smart move

It's bingeing season, and brands like Primark and Pull & Bear are showing they understand the assignment with their latest launches.

17 June 2024

In data: Shein, Temu attract US shoppers with low prices, fast trends

A new survey suggests global and Chinese marketplaces such as Temu, and Shein have become “go-to destinations” for US shoppers with GlobalData explaining consumers are being drawn to their inexpensive product offering and fast reaction to trends.

17 June 2024

Superdry approved rescue plan gives ‘headroom’ in short-term

The shareholders of UK fashion retailer Superdry Plc have voted in favour of proposals including a £10m ($12.67m) equity raise to avoid insolvency, however an industry expert tells Just Style it must keep its focus on the root cause of its troubles.

17 June 2024

Retailer Aphrodite to close shortly after Frasers Group acquisition

Sunderland-based Aphrodite is closing just months after Frasers Group acquired the independent UK menswear retailer.

17 June 2024

New Euratex president to push for effective, smart EU industrial strategy

The newly elected president of the European Apparel and Textile Confederation (Euratex), Mario Jorge Machado believes Europe has fallen behind the US and China in supporting the textile and apparel industry so he plans to push for an "effective and smart industrial strategy" that offers more support.

17 June 2024

WHP Global’s new retail operating platform to acquire Express, Inc.

A new joint venture led by WHP Global called Phoenix has received court approval to acquire the majority of US apparel retailer Express, Inc.'s operations after it filed for bankruptcy in April.

17 June 2024

South Africa de minimis loophole closure ‘levels’ retail playing field

South Africa plans to impose a 45% import duty on all imported clothing items that come into South Africa from July with an industry expert explaining it will give local retailers a "fair chance to compete".

17 June 2024

Luxury Apparel Market Overview

Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies.