07 October 2024
07 October 2024
Value retail giant Primark aims to address the lack of universal standards for clothing durability with the launch of its Durability Framework, which sets out expectations for long-lasting clothing design and production for the masses.
More needs to be done to ensure the long-term stability and sustainability of the US apparel, textile and retail sectors in the face of external headwinds like port strike action.
Today marks World Cotton Day and this year's theme is cotton for good but putting the spotlight on this natural fibre for one day of the year is just not enough to move the global apparel sector and fashion consumers away from petroleum-derived synthetics.
Swiss luxury goods business Richemont is selling luxury online platform Yoox Net-a-Porter (YNAP) to Germany-based luxury e-commerce giant Mytheresa for €555m ($609m) with an industry expert suggesting Mytheresa will be able to aid its recovery after recent "declining sales".
71 leading retail CEOs have urged the UK chancellor, Rachel Reeves, to "level the playing field between industries" by introducing a Retail Rates Corrector to reform the current business rates system.
Non-profit Global Fashion Agenda is calling for brands and manufacturers to join its Indonesia initiative that aims to support stakeholders in fostering a circular textile industry.
The Microfibre Consortium (TMC) has detailed its ongoing efforts to tackle fibre fragmentation from textiles, commonly referred to as microfibre pollution, but argues sustained industry-wide action is crucial.
Sustainable fibre supplier Nativa has worked with regenerative cotton founding partner Nafpaktos Textile Industry SA to harvest its first farm to fibre regenerated cotton cycle that sits in line with EU standards in Greece.
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GlobalData's latest report offers an analysis of the performance of the key global apparel players, with 2024 market share estimates. Per our analysis, Shein is expected to have the biggest share growth in 2024 rising to 0.30ppts. This is attributed to its low prices and wide product offering which continue to appeal to consumers globally. Other winners include Uniqlo, Skechers, and Zara, while Nike, Gucci, and H&M are expected to lose their share.
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