- Latest news & comment - 21st November
US: Gap Q3 profit up 3.4% despite sales lapse (MEM)
Gap Inc said its net earnings for the third quarter increased to $246m, compared with $238m for the third quarter last year, despite declines in total and same-store sales.
US: Wal-Mart names Duke as new CEO (MEM)
US retail giant Wal-Mart has announced that Mike Duke, currently head of its international businesses, will replace Lee Scott as president and CEO.
Clothing and textile makers grapple with EU chemicals law (MEM)
EU regulations that came into force last June require clothing manufacturers and importers to identify and quantify the chemicals used in their products. But companies only have until 1 December to complete the pre-registration process – and there are concerns that omissions will lead to delayed shipments and reduced productivity. Keith Nuthall reports.
- Top stories on just-style this week... Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.
- US: Foot Locker lowers outlook as swings to Q3 profit New York-based specialty athletic retailer Foot Locker Inc today (21 November) lowered its full-year outlook after better international sales failed to offset a slowdown in the US.
- US: Steve & Barry's to be liquidated - report (MEM)The new owners of US retailer Steve & Barry's are to liquidate its 173 remaining stores, it has been reported.
- US: Stein Mart widens Q3 loss to $14.1m (MEM)Higher markdowns and lower sales meant discount retailer Stein Mart Inc widened its third quarter loss in what it described as “the most challenging [quarter] in the company's history.”
- US: Cato Q3 profit slumps, confirms guidance (REG)Value-priced women's fashion retailer The Cato Corporation has seen its third quarter profit slump 72% on higher markdowns and lower sales, and reiterated its outlook for the fourth quarter.
- US: Bon-Ton Stores narrows Q3 loss, sees FY decline (MEM)A tax adjustment helped The Bon-Ton Stores Inc narrow its third quarter loss, but declining sales have prompted the department store retailer to lower its full-year outlook.
- ISRAEL: Tefron widens Q3 loss to $5.6m (REG)Intimate apparel and swimwear maker Tefron has widened its third quarter net loss to US$5.6m, from a loss of $1.7m last year, despite a 26.1% rise in sales.
- News by sector
M&S shirt beats Savile Row
20th November 2008 17:02
At last some good news for retailer Marks & Spencer: its made-to-measure shirt costing just GBP30 has proved to be a better fit than one costing more than five times that amount from a bespoke ...
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UK Womenswear Retailers 2008
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The Clothesource Guide to apparel trade regulations
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Retail Futures: UK Clothing & Footwear Q4 2008
Published Oct 2008 - (£ 2435.00) -
UK Footwear Industry: Sector Report
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American Value Shopper in a Down Economy , The
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- Hot topic
Clothing and textile makers grapple with EU chemicals law (MEM)
EU regulations that came into force last June require clothing manufacturers and importers to identify and quantify the chemicals used in their products. But companies only have until 1 December to complete the pre-registration process – and there are concerns that omissions will lead to delayed shipments and reduced productivity. Keith Nuthall reports.
Related items
- UK: REACH seminars for East Midlands and Yorkshire
- Clothing makers, importers to be hit by EU chemicals law (REG)
- EU: Mixed attitudes toward REACH chemical policy (REG)
Previous hot topics
- Free members' briefing
The role of multi-stakeholder initiatives in improving labour standards
Mounting concern over working conditions in the clothing supply chain in the 1990s spawned the creation of four initiatives, all of which sought to tackle the problem through a joint approach involving industry, NGOs and trade unions. All four organisations – the Ethical Trade Initiative (ETI) in the UK, the Fair Wear Foundation in the Netherlands, and the Fair Labor Association (FLA) and Social Accountability International (SAI) in the US – have played an important role in raising the profile of ethical concerns in supply chains and improving working conditions. This month's briefing looks at the work of the various multi-stakeholder initiatives, their impact on labour standards over the past decade, the advantages and challenges the tripartite approach presents and its effectiveness in tackling ethical issues in business.
