Archive | Buyers and suppliers

  • Fast Retailing spurns US production

    Tadashi Yanai, chairman and president of Fast Retailing, said on March 28 that there is “no chance” of US production for the company – probably the first time any Top 20 global apparel retailer has come out and denied the possibility of US production.

  • Korea’s Sae-A now employs 10,000 in Haiti

    Sae-A, the Korea-headquartered global rival to China’s Dishang Group as the world’s largest independent apparel exporter, revealed in a press release about its philanthropy that it now has 10,000 employees in Haiti, where it first opened in 2012.

  • Sears admits “substantial doubt” over its future

    Sears admitted in its March 21 10-K filing for 2016 that it had “substantial doubt over its own future.

  • M&S tops apparel companies in first Corporate Human Rights Benchmark listimg

    Britain’s Marks & Spencer topped apparel companies listed on March 13 in a benchmark ranking assessing 98 of the largest publicly traded companies in the world on 100 human rights indicators.

  • JC Penney believes border taxes proposal “means taxes at 170% of profits”

    JC Penney CEO believes a border tax would be equivalent to paying the US government 170% of its profits.

  • Fast Retailing publishes “core supplier list” and Sustainability Report

    Fast Retailing published its “core supplier list” on February 28. The list includes 146 suppliers in Bangladesh, Cambodia, China, Indonesia and Vietnam, but no indication of how the company defines “core”, or what kind of supplier relations have not been disclosed.

  • Hudson’s Bay struggling to afford Macy’s bid

    Reuters reported on March 3 that Canada’s Hudson’s Bay , owner of the Lord & Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy’s, over a month after approaching its US peer

  • Rangoon H&M supplier “temporarily” closed

    Burmese media reported on February 28 that around 500 workers at the  H&M-supplying, Chinese owned,  Hundred Tex garment factory in the Shwe Lin Ban industrial zone, Yangon, had been locked out after the factory was “temporarily closed to carry out repairs on equipment and furniture” damaged in a worker riot.

  • VF announces its first Forest Derived Materials Policy,

    VF Corp announced on February 27 a  Forest Derived Materials Policy.

  • Gildan to keep US apparel production

    Speaking on Gildan’s 2016 earnings call on February 23, the company’s executive vice president Rhodri Harries said Gildan has, since acquiring American Apparel, begun “leveraging our manufacturing network, while at the same time working on a supply chain to also support Made in the USA product”.

  • Aldi publishes report on detoxification progress and joins BEPI

    Aldi Nord and Aldi Sud published a joint report on February 23 into their progress on the Greenpeace Detox pledge, which the companies signed in 2015.

  • Invista investigates selling Lycra division

    Invista announced on February 24 that it had retained Goldman Sachs to explore “strategic alternatives for its Apparel & Advanced Textiles business” including “potentially selling, or retaining and further investing in the business” within the company.

  • Bosideng pulls out of UK

    China’s Bosideng was reported in mid-February to have closed its extravagant  London fashion flagship store some weeks earlier, and to have closed its website.  Its Greenwoods menswear website is running a “Final Clearance”,selling everything at 25%-90% reductions, and presumably will close once most merchandise is cleared.

  • ASOS joins new wave of retailers publishing supplier lists

    UK fast fashion e-tailer ASOS announced a detailed timetable for publishing a list of its 490 apparel manufacturers in its statutory Modern Slavery Act filing.

  • Li&Fung dropped from stock index of Hong Kong’s leading firms

    Li&Fung will be dropped from Hong Kong’s Han Seng index of leading quoted businesses from March 6, the index compilers announced on February 12.