Table of Contents
- SUMMARY
- ACQUISITIONS, DIVESTMENTS AND MERGERS
- Delta Apparel has acquired Gekko Brands
- Escada has completed the divestment of the Primera Group' s women' s
fashion brands, prior to filing for bankruptcy protection
- Iconix Brand Group has acquired a 50% stake in Hardy Way
- ANTI-COUNTERFEITING AND TRADEMARK INFRINGEMENT
- Authorities in Sri Lanka have seized more than 10,000 counterfeit
Victoria' s secret garments
- Authorities in Thailand have seized more than 4,700 counterfeit Columbia
Sportswear products
- Gucci has filed a trademark infringement lawsuit against Guess
- Italian customs officials have seized around 26,000 counterfeit Lycra
swimsuits
- Kay Celine has filed a counterfeit lawsuit against Stein Mart and Sienna
Rose
- The European Observatory on counterfeiting and piracy has been launched
by the EU to combat the production of fake goods
- COMPANY RESTRUCTURING AND REORGANISATION
- Triumph International has reduced its workforce by about 8% as part of a
restructuring programme
- UPM Raflatac is planning to reorganise its production facilities in
order to strengthen its competitiveness in the radio frequency
identification (RFID) industry
- FINANCIAL RESULTS
- Abercrombie & Fitch has reported a 24% decrease in total net sales
during the first quarter of its 2009/10 financial year Outlook
- Asos has reported a 104% surge in revenues in its 2008/09 financial year
- Gap has reported an 8% decline in net sales during the first quarter of
its 2009/10 financial year
- Gildan Activewear has reported a 16.7% drop in net sales during the
second quarter of its 2008/09 financial year
- Second quarter 2008/09
- First half of 2008/09
- H&M has posted a 23% rise in sales during the second quarter of its
2008/09 financial year Second quarter 2008/09 First half of 2008/09
- New stores in the second half of 2008/09
- Inditex has posted a 5% rise in net sales during the first quarter of
its 2009/10 financial year
- JC Penney has reported a 5.9% fall in sales during the first quarter of
its 2009/10 financial year
- Marks & Spencer (M&S) has reported a 0.4% rise in total sales in its
2008/09 financial year and a 2.9% rise in the first quarter of 2009/10
- Fourth quarter 2008/09
- 2008/09
- First quarter 2009/10
- Global apparel markets: business update www.textilesintelligence.com
- Perry Ellis International has posted a 9.7% decline in total revenues
during the first quarter of its 2009/10 financial year
- Outlook
- TJX Companies has reported a 1% increase in net sales during the first
quarter of its 2009/10 financial year
- INTERNATIONAL TRADE POLICY
- Two US senators have introduced a bill which aims to provide textile and
apparel imports from least developed countries (LDCS) with duty-free access
to the US market
- The South African Clothing and Textile Workers' Union (SACTWU) has
submitted a request to the South African government to increase apparel
import tariffs
- Vietnam has ratified a free trade agreement (FTA) with Japan
- JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION AGREEMENTS
- Brand Matter and Ivory International have entered into a licensing
agreement covering Caribbean Joe branded sportswear
- Calvin Klein has signed a global licensing agreement with Premium Golf
Brands (PGB) which covers Calvin Klein Golf branded apparel
- Fast Retailing is collaborating with Jil Sander to develop a new
clothing collection for Uniqlo
- Iconix China has entered into an agreement with Bosideng International
to develop the Rocawear brand in China
- Sanei International and Kate Spade are planning to set up a joint
venture company in Japan
- Sony Computer Entertainment Europe (SCEE) has entered into a licensing
agreement with Target
- Entertainment to develop PlayStation-branded apparel
- Tory Burch has signed new distribution agreements in Japan and South
Korea
- MARKETS
- For the second year in a row, Brazil has been named as the most
attractive emerging market for apparel retailers making foreign investments
- Global sales of apparel and home textiles made from organic cotton
reached an estimated US$3.2 bn in 2008
- Sales of Ethical clothing in the uk are expected to be worth £175
mn (US$251 mn) in 2009
- Sales of apparel in the USA declined in December 2008 and February 2009,
but sales of dresses, jeans, outerwear and tights rose
- NEW STORES
- Adidas has launched its first originals retail store in Saudi Arabia
- Aeropostale has opened its first PS from Aeropostale retail store and
has launched a new website
- Gap and Armin Systems have entered into a franchise agreement to
establish Gap retail stores in Thailand
- H&M opened its first store in Beijing, ChinA
- Topshop opened its first store in the USA
- Zara has opened its first store in Egypt
- ONLINE RETAILING
- Moet Hennessy Louis Vuitton (LVMH) has announced plans to close its
online luxury clothing retailer, eLuxury
- Uniqlo and Taobao have launched two virtual clothing stores for the
Chinese online retail market
- Global apparel markets: business update www.textilesintelligence.com
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