27 February 2024
27 February 2024
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German sports giant Puma believes its Q4 sales suffered due to the "extraordinary" devaluation of the Argentine peso, while an industry expert suggests reduced sportswear demand weighed on its FY23 sales, which rose by just 1.6%.
Six months after the European Union (EU) and the Philippines announced their intention to explore relaunching negotiations for a free trade agreement (FTA), observers are optimistic it will be realised.
Industry onlookers have warned Fast Retailing must focus on "getting the marketing right" as it reportedly weighs the option of expanding its value GU brand in the US and EU markets.
Pakistan’s apparel industry foresees tough times ahead under its weak new coalition government led by Pakistan Muslim League (N) president Shehbaz Sharif.
US apparel conglomerate Hanesbrands Inc. is progressing with the sale of its Champion brand, however an industry expert believes whoever purchases it will need to make some investments to fix the issues it has faced over the last few years.
The World Trade Organization (WTO) and Fédération Internationale de Football Association (FIFA) have launched a new brand to support Africa's cotton value chain but are keen for public and private sectors to increase their investments in West African cotton.
US senators Sherrod Brown and Rick Scott are calling on the Biden administration to use executive action under the Tariff Act of 1930 to close a key loophole known as the ‘de minimis’ rule, which they believe foreign competitors exploit to evade duties and fees, giving them "unfair" advantage over American businesses.
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