02 October 2024
02 October 2024
Boohoo is allegedly considering divesting some of its brands amid declining market share and shareholder pressure, with an expert suggesting an offload of its most recently acquired brands such as Debenhams and Karen Millen could “narrow its focus.”
As Nike's first quarter (Q1) revenues sink 10% and bottom line recedes, management insists it is taking the right measures to reshape the business – but is it doing too much?
Uzbekistan textile and garment industry association (UzTextilProm) chairman Mirmukhsin Sultanov tells Just Style the country is eager to engage with brands and retailers wishing to come to Uzbekistan and show them everything its apparel sector has to offer from the cotton fields to its upstream ready made garments.
Non-food shop prices saw deeper deflation in September with significant reductions in categories like clothing and furniture driving overall shop prices down to their lowest rate since August 2021.
Industry onlookers describe UK sporting goods retailer JD Sports as a "substantial" and "highly profitable firm" as its H1 2025 revenue increases by 5.2% to £5bn ($6.65bn) despite wider industry challenges.
California governor Gavin Newsom gave a green light to Senate Bill 707, known as the Responsible Textile Recovery Act of 2024, on 30 September, with an industry expert stressing the need for a federal waste policy to avoid "fragmented" state-level regulations.
Global brand development platform Authentic Brands Group (Authentic) has acquired athleticwear brand Champion with plans to enhance its global presence and drive long-term brand value through strategic partnerships.
Patagonia's CEO Ryan Gellert took to LinkedIn and announced that the outdoor fashion brand has slashed 41 jobs, about 1% of its workforce, citing economic headwinds in the industry as the reason.
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