———— Brand ————
1、US' Lululemon diversifies footwear lineup, debuts men's collection
Lululemon introduces its 2024 spring/summer footwear lineup, featuring the debut of the cityverse casual sneaker and beyondfeel running models.
The collection prioritises comfort, fit, and performance, with custom foot lasts for each gender.
The cityverse sneaker blends style and comfort, while beyondfeel running shoes offer cushioning and support.
2、JD Sports pulls support for Dutch retail group leading to bankruptcy
Sports Unlimited Retail had been making losses for several years, according to the trustee's first bankruptcy report. The losses were always compensated by UK parent company JD Sports Fashion Plc, but when it decided to stop doing so in November 2023, Sports Unlimited Retail filed for its own bankruptcy.
3、Italian clothing retailer OVS forecasts rising profits
Fashion Retailer OVS reported annual sales increase of 1.4 per cent, primarily driven by same-store sales, despite challenging weather conditions that impacted the apparel industry at the season’s start.
4、JD Sports offloads distribution subsidiary Focus Brands
JD Sports has sold its design, sourcing and distribution subsidiary Focus Brands to Hela Apparel Holdings, as part of the Sri Lankan firm’s shift towards becoming a “fully vertically integrated service provider for the apparel sector”.
Focus Brands currently holds the exclusive licensing agreements for the design and distribution of a number of brands, such as Ellesse and Nautica, in the UK, EU and other markets.
5、H&M Group releases full-year report
Swedish apparel retailer H&M has released its full-year report for the 2023 financial year, i.e., 1st December 2022 – 30th November 2023.
more: https://apparelresources.com/business-news/retail/hm-group-releases-full-year-report/
6、Sport 2000 GmbH with stable development in 2023
The consolidated gross external sales of the Sport 2000 5-country network amounted to €2.95 billion in Germany in 2023. The purchasing network comprising Germany, Switzerland, Belgium, the Netherlands and Luxembourg amounted to €4.03 billion.
More:Sport 2000 GmbH with stable development in 2023 - 野途网 (wildto.com)
7、Intersport Germany continues to grow in 22/23
With sales of €3.5 billion in the 2022/2023 financial year, Intersport Germany, with over 1,400 associated doors, is building on the record sales figure of the previous year, when it exceeded the €3 billion sales mark for the first time.
More:Intersport Germany continues to grow in 22/23 - 野途网 (wildto.com)
———— Industry ————
1、UPS to cut 12,000 jobs as shipping volume falls and labor costs rise
UPS plans to cut 12,000 jobs as demand for package delivery stagnates, executives said Tuesday.
More: https://www.washingtonpost.com/business/2024/01/30/ups-layoffs-12000-job-cuts/
2、UK fashion executives want to eliminate packaging made of plastic, say reports
A staggering 88 per cent of fashion firms and allied retailers in the UK, US, and Australia want to phase out plastic packaging entirely within the next five years.
3、EU supply chain law threatens to fail because of Germany
The newly planned EU supply chain law is in danger of failing because of Germany. The Federal Ministry of Justice and the Federal Ministry of Finance could not support the plans, according to government circles on Thursday.
4、EU deadline for sustainability reporting standards can delay to 2026
The legal affairs committee of the European Parliament has decided to extend the deadline for sector-specific sustainability reporting standards from 2024 to 2026. This extension would result in a delay in the implementation of sustainability disclosure standards and reporting requirements for non-EU entities until 2026. The decision to extend the deadline falls under the Corporate Sustainability Reporting Directive (CSRD).
———— Technology ————
1、US' Keel Labs unveils T-shirt made from seaweed-based Kelsun fiber
Keel Labs has introduced the Kelsun T-Shirt, developed with Aditi Mayer, made from Kelsun fiber derived from seaweed.
The T-Shirt, created with a 70 per cent Kelsun and 30 per cent cotton blend, is the first to use standard knitting machines and features Living Ink's Algae Ink print.
2、Researchers have developed an ultrathin smart fibre that is seen as a ‘leap’ ahead in wearable technology
Scientists claim to have discovered an ultrathin smart fibre that can be weaved into textiles, transforming everyday clothing into wearable electronics.
The fibre would allow customers to choose a flexible watch band to measure heart rate rather than a wristwatch with inflexible electronics.
———— Insight————
1、Inside the EU’s Corporate Sustainability Reporting Directive
After months of deliberation, Europe’s new series of laws regarding due diligence and corporate sustainability for supply chains has finally passed.
2、Look Out Zara, Here Comes Shein
Shein could soon surpass Zara by UK market share, according to new insights from GlobalData.
The firm projects the Chinese-founded fast-fashion giant could leapfrog the Inditex-owned fast-fashion retailer in two to three years. Zara currently holds 2.4 percent of the market share in the UK fashion industry, while Shein has managed to grasp 2.2 percent of it, per the data.
More: https://www.yahoo.com/lifestyle/look-zara-comes-shein-200000946.html
3、Why Apparel, Footwear Brands Can’t Ignore AI in Sourcing
As artificial intelligence (AI) expertise becomes more of a demand in the hiring process for supply chain companies, one research firm believes the key to boosting overall business performance is infusing more AI-savvy talent into their sourcing departments.
More: https://www.yahoo.com/lifestyle/why-apparel-footwear-brands-t-130000590.html
编辑：Ariel
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