Tag: apparel

eBay to Buy Depop, The Second-Hand Fashion App for $1.2bn

Depop, the second-hand fashion app that has become a go-to platform for many Gen Z shoppers, is being acquired by eBay in a deal...

US 10% Tariff Cut Reshapes Global Textile and Apparel Trade

The announcement of a US 10% tariff cut effective February 24 for a 150-day period marks a significant inflection point in global trade policy,...

Debenhams Group Raises £40m in Oversubscribed Fundraise

Debenhams Group has completed a capital raise that brought in approximately £40m ($54m) in gross proceeds, after investor demand surpassed £35m and pushed the...

US Textile Group Opposes Secure Revenue Clearance Act

The National Council of Textile Organizations (NCTO) is pressing House leadership to stop the Secure Revenue Clearance Channel Act, arguing the bill would reopen a...

Shein Expands Supplier Programme With $42m Investment

Shein says it has injected more than $42m into its manufacturing base since 2023 through the Supplier Community Empowerment Programme, funding projects ranging from facility...

US and Bangladesh Agree Zero Tariff Trade Deal for Textiles

The United States and Bangladesh have signed a new US-Bangladesh trade agreement that creates a structured route to zero reciprocal tariffs on defined quantities of Bangladeshi textile...

January US Retail Sales Jump 9.39% as Apparel Tops Growth

January brought another uptick in US retail sales, and apparel stood out as the fastest-growing segment, according to new figures from the CNBC/NRF Retail Monitor. Clothing...

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