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Apparel DECODED

Latest edition: 30 May 2024
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Spotlight

Explainer: Should fashion lean into short-lived music trends?

Many fashion brands are capitalising on the latest trends created by popular musicians such as Beyoncé and Taylor Swift, but is it time the apparel sector took a more sustainable and subtle approach to the latest crazes to ensure the items will still stand the test of time?

Latest news

In Data: Egypt's apparel market projected to hit $3.9bn by 2025

Plans to construct a readymade garment factory in Egypt, which GlobalData estimates already holds 2,500 garment factories, have been announced, as the region looks on track to become a “critical trade hub.”

Shein denies alleged ‘widespread' toxic chemicals in products

South Korea has alleged harmful chemicals were found in seven of eight children's leather goods from ultra-fast-fashion giant Shein tested in Seoul, with an industry expert claiming this was not an isolated incident, however Shein maintains it is dedicated to safety testing and selling "reliable products".

Fair Wear promotes human rights due diligence with SLCP data

Non-profit Fair Wear Foundation has announced it will use fellow non-profit Social & Labor Convergence Program (SLCP) data to promote human rights due diligence (HRDD) and eliminating audit duplication.

EU-wide Textile ETP project aims to accelerate circular economy

The European Technology Platform for the Future of Textiles and Clothing (Textile ETP) and chemistry innovation platform Axel’One have launched a 42-month project to advance circular economy practices in the textile industry.

UK quarterly financial digest: Dr Martens, Shoe Zone

Just Style takes a look at the quarterly financial filings for fiscal year 2024 from UK apparel and footwear brands and retailers, including Shoe Zone.

Retailers looking for ways to win in secondhand market

Bungang Market, a popular second-hand trading app, has finished attracting a total of KRW 82 billion in investment.

Read Press Release

: group aims to increase sales revenue in mid to high single-digit percentage range with an underlying profit margin of slightly more than 30 percent Rapid reduction of leverage through strong operating cash flow planned; acceleration through additional capital measures remains an option Investment program focused on innovation, customer proximity, resilience, and sustainability in execution Medium-term ambition through to 2028: average annual increase in sales revenue of more than 10 percent expected; profit margin to increase to around 34 percent by 2028 Uncertainties remain high due to the global political and economic situation The life science group Sartorius expects a return to profitable growth in 2024 and a dynamic business development for the five-year period through to 2028.