LATEST ARTICLES

consumer confidence

UK & US consumer confidence jumps on stronger than expected economic rebound

UK consumer confidence rose for the sixth month in a row in July, driven by the economy recovering much faster than initially expected. GfK’s latest consumer confidence index edged...

Bangladesh’s Denim Export overtakes Mexico, China in The US Market.

Bangladesh outperformed Mexico and China to become the largest denim exporter to the United States in the first half of this year though export proceeds dropped from a year-ago period owing to...
Stores Reopen

Primark’s Sales Bounce Back After Stores Reopen From Lockdowns

Primark’s sales have bounced back more quickly than expected since stores reopened from lockdowns, a boon for a discount fashion retailer hit hard by the coronavirus crisis because of its lack of...
Walt Disney

Walt Disney to restart sourcing apparels from Bangladesh

Dhaka: The Walt Disney Company has decided to resume its production of branded merchandise in Bangladesh after over eight years of pulling out of the country’s factories, said apparel industry leaders.
Nike

Nike revenues rise 96% as threat of Covid-19 subsides

Nike has seen its fourth quarter revenues grow as the retailer continues to emerge from the effects of the Covid-19 pandemic. Fourth quarter revenues were at $12.3 billion (£8.8...
retail strategy

UK-based retailer John Lewis expands online fashion offering new 100 brands.

UK-based high-end department store chain John Lewis has ambitious plans to increase its fashion sales and is to add 100 new third-party fashion brands to its line-up over the next year. Close to 40...
Lululemon Athletica

Lululemon Athletica first-quarter sales rise nearly 90%.

Lululemon Athletica said its fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores. The athletic apparel maker also issued a strong forecast...
Accord

Bangladesh V Accord : Agree on three months extension but the struggle is not...

Global unions and negotiating signatory companies have announced that they agreed upon a three month extension of the Accord on Fire and Building Safety in Bangladesh to allow for more time to...
apparel sourcing

Bangladesh: Still a lucrative apparel sourcing hub, New Report: McKinsey & Company

Bangladesh's attractiveness as an apparel sourcing destination has remained potent despite increased competition in recent years, according to a new survey of management consulting firm McKinsey & Company.
supply chain

16 retailers that have pledged to make their textiles supply chain sustainable

Last week, retailers and people alike celebrated Earth day, demonstrating support for environmental protection. As part of a sustainability proposal drive by the government announced last month, non-profit organisation Wrap (Waste...