Tag: news
News
WRAP Rebrands Textiles 2030 as the UK Textiles Pact
The UK’s journey towards a more sustainable textiles industry has been significantly bolstered with the rebranding of WRAP’s Textiles 2030 initiative to the UK Textiles...
Apparel
Next Raises Profit Forecast as Q1 Sales Surge 11.4%
LONDON – British fashion retailer Next has raised its full-year profit forecast for the second time in two months, following an impressive 11.4% rise...
Apparel
ThredUp Drops Fees & Enhances Resale Services for Brands
ThredUp has announced the removal of fees associated with its branded resale services and introduced an upgraded suite of features to better serve its...
Apparel
Puma Faces Weak Q1 Sales Amid Challenges in the US and China
German sportswear giant Puma has forecast a modest low single-digit percentage sales growth for the upcoming quarter, marking a decline compared to the previous...
Apparel
City Chic Faces US Tariff Hikes with Proactive Steps
Australian retailer City Chic Collective Limited has taken swift action to address the recent U.S. government announcement of sharp tariff increases on global imports....
Apparel
Kontoor Brands Reports Q1 Revenue Decline, Focuses on Growth
Kontoor Brands, the parent company of Wrangler and Lee, expects an unaddressed impact of $50 million on its 2025 operating income due to new...
News
Ethiopia Textile Industry Faces Wage and Skill Challenges
Ethiopia’s textile and garment industry, a vital pillar of the country’s industrialization efforts, is confronting pressing challenges that threaten its growth and global competitiveness....
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