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Press Releases
Cotton prices forecast to fall in 2019/20 and 2020/21 as supplies hit record levels and outstrip demand ...more...
Retailers and brands invest in "bricks and mortar" stores in a fightback against online shopping ...more...
Global shapewear market set for resurgence as celebrity endorsements of brands, a selfie culture and social media spur demand ...more...
International hosiery market set for transformation as sourcing shifts towards emerging low cost producers in Asia ...more...
Textiles Intelligence announces new headquarters close to Manchester, UK as part of its growth strategy ...more...
 
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Wednesday, January 22, 2020
Hugo Boss shares up as group meets FY targets  (2020-01-21)
  Shares in Hugo Boss have increased this morning (21 January) as the German fashion brand has achieved its adjusted targets for the 2019 financial year thanks to a "significant" increase in sales and earnings in the final quarter.
EU-Vietnam free trade deal clears another hurdle  (2020-01-21)
  The European Parliament's trade committee has today (21 January) given the green light to the EU-Vietnam free trade agreement (EVFTA), paving the way for the full Parliament to cast its final vote in February.
Companies still lack data on climate change action  (2020-01-21)
  Clothing brands and retailers need to be more forthcoming with data regarding their efforts to tackle climate change, according to a new analysis of corporate transparency and action on the issue.
VF Corp weighs up future for its workwear brands  (2020-01-21)
  US apparel giant VF Corp is to start a review of strategic alternatives for the occupational portion of its work segment as part of a bid to focus on its higher-growth, consumer-focused brands.
Cambodian factories engage Zilingo tech to boost efficiencies  (2020-01-21)
  Cambodian garment factories are exploring options to automate and digitise operations in order to grow efficiencies and secure new business, according to fashion tech platform Zilingo, which recently showcased its offering at a conference hosted by the Garment Manufacturers Association of Cambodia (GMAC).
Joules H1 sales dive on stock availability issues  (2020-01-21)
  British fashion brand Joules has recorded a fall in first-half sales and profit, impacted by poor Christmas trading due to stock availability issues, non-recurring costs linked to supply chain initiatives, China-US tariffs and the timing of Black Friday this year. 
Department store Beales falls into administration  (2020-01-21)
  British department store retailer Beales has become the latest to fall into administration, putting more than 1,000 jobs at risk if a buyer or new investment can't be found.
Lindex launches water project for Myanmar garment workers  (2020-01-21)
  Swedish fashion retailer Lindex has launched a joint project in Myanmar to increase access to clean drinking water and sanitation in communities where textile workers live.
Clothing and footwear most highly pirated sector in EU  (2020-01-20)
  The European Commission has published its report on intellectual property, with clothing and footwear remaining at the top of the league table of most highly pirated goods.
US manufacturers spend billions to close skills gap  (2020-01-20)
  US manufacturers are expected to spend at least US$26.2bn this year on internal and external training programmes to try to close the skills gap for new and existing workers.
Tesco Thailand deal probed by competition watchdog  (2020-01-20)
  Thailand's competition watchdog has issued a probe into the potential sale of UK supermarket giant Tesco's Asian assets, on fears the successful buyer may potentially control too much of the market.
Sustainable "useless word" without data to back up claims  (2020-01-20)
  Denim trade show Kingpins has lambasted the cotton industry for too many claims of sustainability and no clear agreement on what the word means, which it says has left consumers and denim fabric buyers confused.
Tesco Thailand deal being "closely watched" says competition watchdog  (2020-01-20)
  Thailand's competition watchdog has issued a probe into the potential sale of UK supermarket giant Tesco's Asian assets, on fears the successful buyer may potentially control too much of the market.
Hanesbrands renews environmental transport programme  (2020-01-20)
  Apparel giant HanesBrands has renewed its partnership with the US Environmental Protection Agency's SmartWay Transport programme in a move aimed at supporting environmental stewardship.
Matalan Q3 sales slip but online props up Christmas growth  (2020-01-20)
  UK value clothing retailer Matalan has posted a drop in third-quarter sales as CEO Jason Hargreaves says consumer confidence and spending remained depressed throughout the autumn/winter season.

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