Shoe Zone cuts FY24 profit forecast amid rising shipping costs, weak sales
In an update following its Annual General Meeting statement from 12 March 2024, Shoe Zone reported weaker-than-anticipated sales for its…
Suez canal
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Explainer: How is the fashion sector navigating rising shipping rates?
Recent reports suggest that European fashion retailers are placing orders intended for this year’s festive season even earlier than usual,…
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UNCTAD warns of dual threats to key trade routes
Tensions in the Black Sea, recent attacks on ships in the Red Sea affecting the Suez Canal and the impact…
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Growing political risk for 80% of top apparel sourcing countries outside China
The trend for friendshoring – or manufacturing and sourcing apparel from countries which are geopolitical allies – is under threat…
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Supply chain disruption from Red Sea attacks may be costly for fashion firms
Freight companies including MSC, Hapag-Lloyd and CMA CGM Group are avoiding the Suez Canal and Red Sea until the passage…
