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17/05/2013 - US: JC Penney Q1 losses more than double
Weak sales, clearance deals and promotions have led struggling US department store retailer JC Penney Company to more than double its losses in the first quarter. 17/05/2013 - In the money: First plans emerge from new JC Penney CEO
Mike Ullman, the man who has returned to turn around department store retailer JC Penney following the departure of Ron Johnson last month, has outlined the first of his plans to improve the ailing business. 17/05/2013 - US: Retail import cargos seen slowing over summer
Import cargo volumes at major US retail container ports are expected to rise 3.3% in May - but growth could trickle to a standstill by the end of the summer. 17/05/2013 - US: Quiksilver unveils plan to improve profits
Surfwear brand Quiksilver has unveiled a multi-year plan to try to return to profit by focusing on its three core brands - Quiksilver, Roxy and DC - globalising key functions and reducing costs. 17/05/2013 - GERMANY: Jack Wolfskin commits to cleaner outdoor clothing
As part of plans to remove harmful substances from its production processes and eliminate fluorines by 2020, German outdoor clothing brand Jack Wolfskin is teaming up with two research institutes to develop new fluorocarbon-free textile coatings. 17/05/2013 - VIETNAM: KyungBang opens $40m cotton yarn plant
Korean textile manufacturer KyungBang Limited has opened a $40m cotton yarn plant at the Bau Bang industrial zone, in the northern Vietnamese province of Binh Duong. 17/05/2013 - BANGLADESH: Ashulia garment factories re-open
Garment factories in the Ashulia industrial belt near the Bangladeshi capital Dhaka re-opened today (17 May) after a three-day shutdown following labour unrest earlier this week. 17/05/2013 - US: Retail apparel prices fall again in April
US consumer prices in April saw their biggest decrease since December 2008, according to the latest government figures, with retail apparel prices falling for the third month in a row. 17/05/2013 - UK: Asda claims "strong" Q1 after LFL sales rise
Asda CEO Andy Clarke claimed the UK supermarket retailer put in a "strong performance in a tough market" after booking higher first-quarter like-for-like sales. 17/05/2013 - FRANCE: Lectra enhances Kaledo textile design suite
Lectra has enhanced its Kaledo textile design suite to offer a wider range of creative tools along with improved usability for speed, control and accuracy. 17/05/2013 - US: Stage Stores Q1 loss widens on one-off charge
Regional department store retailer Stage Stores has reported a deeper first-quarter loss, impacted by a $9.7m one-off charge and cooler temperatures, which hurt sales of seasonal merchandise. 17/05/2013 - just-style's most read stories this week...
The most-read stories on just-style this week include a rush by apparel brands and retailers to sign the new Accord on Fire and Building Safety in Bangladesh, a report on what the agreement entails, and plans by M&S to shake up its supplier base. 17/05/2013 - US: Nordstrom first-quarter profit falls 2.7%
Upscale department store retailer Nordstrom has reported a 2.7% fall in first-quarter net profit, with higher costs and unseasonable weather weighing on sales of its spring merchandise. 16/05/2013 - US: Kohl's Q1 profit beats view despite sales slide
Department store operator Kohl's has reported a 4% decline in first-quarter net profit because of lower-than-expected sales. 16/05/2013 - INDIA: Arvind Q4 profit rises on revenue growth
Indian textile conglomerate Arvind Ltd has booked a 13.4% increase in fourth-quarter profit on the back of higher revenue growth. 17/05/2013 - US: Event to focus on 3D body scanning technologies
A conference and exhibition focusing solely on 3D human body scanning technologies, measurement methods and applications is set to take place in California later this year. 17/05/2013 - US: YuniquePLM release speeds line planning and costing
The latest release of the YuniquePLM product lifecycle management software features enhanced line planning functionality for designers and merchandisers and new costing capabilities for planning and financial teams. 17/05/2013 - SWEDEN: Bjorn Borg Q1 profit slides 35.5%
Swedish clothing company Björn Borg AB has posted a 35.5% decline in first-quarter profit after continued weakness in European retail markets led to lower sales. 16/05/2013 - US: Apparel groups unveil own Bangladesh safety plans
A group of North American retailers has gone its own way on strengthening safety efforts at Bangladesh garment factories, setting up a new initiative said to offer a long-term solution that also offers flexibility to "respond to an ever-changing environment." 16/05/2013 - CAMBODIA: Two workers killed in shoe factory collapse
Two workers have died after a Cambodian factory that manufacturers footwear for Japanese sporting goods firm Asics collapsed earlier today (16 May). |
