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Taking stock of fashion's $210bn inventory problem

Taking stock of fashion's $210bn inventory problem

16/05/2019 - 11:08
Fashion retailers are faced with a dilemma: to keep up with the demands of 'fast fashion' they need rapid stock turnover. But what do they do with the surplus? read more
Back to school - New uniform trends from Ackermans

Back to school - New uniform trends from Ackermans

09/01/2019 - 09:19
Going back to school after the holidays is often a stressful time for most families; children and parents have to make the inevitable transition from easy summer life to days filled with carpooling, homework and extra-mural activities. read more
Fashion brand Donna sees online sales soar

Fashion brand Donna sees online sales soar

10/09/2018 - 15:43
The online sales of women’s fashion brand Donna have significantly outstripped expectations, after just a month of launching online.  read more
 Ivanka Trump’s clothing line to shut down

Ivanka Trump’s clothing line to shut down

30/07/2018 - 10:28
Ivanka Trump will wind down her clothing and footwear businesses to focus more on her work in Washington, making the shift after some big-name department stores dropped her brand. read more
Stronger rand lifts clothing retailers

Stronger rand lifts clothing retailers

20/12/2017 - 16:28
Share prices of clothing retailers rose strongly on Tuesday, lifted by the stronger rand, but analysts suspect the rally may end soon.  read more
SARS cracks down on counterfeit clothing

SARS cracks down on counterfeit clothing

19/12/2017 - 16:06
More than R97-million worth of fake clothing was seized by the South African Revenue Service (SARS) in its crackdown against illegal clothing and textile imports this year. read more
Stuttafords saga: Lessons to be learnt

Stuttafords saga: Lessons to be learnt

07/08/2017 - 13:15
Stuttafords officially closed its doors on Monday, July 31 after 159 years of operating in the South African retail market. read more
 Stuttafords Saga: How Nenegate brought down the store

Stuttafords Saga: How Nenegate brought down the store

24/07/2017 - 15:09
It all came tumbling down for Stuttafords the day former finance minister Nhlahla Nene was fired. The rand's decline in the days that followed the shock axing signalled the end of a 150-year-old empire, says chief executive Robert Amoils.  read more
TFG expansion: Major boost for SA clothing manufacturing industry

TFG expansion: Major boost for SA clothing manufacturing industry

31/05/2017 - 15:26
TFG, SA’s leading retail investor in local textile and clothing production, officially opened its newly expanded and revamped Prestige Clothing factory in Caledon. read more
 Looking beyond Agoa for African textiles and clothing

Looking beyond Agoa for African textiles and clothing

05/07/2016 - 09:13
Cape Town - Source Africa, now running for its fourth consecutive year, kicked off on Wednesday at the Cape Town International Convention Centre. read more
Top African producer bans GM cotton - Burkina Faso

Top African producer bans GM cotton - Burkina Faso

25/04/2016 - 10:52
Ouagadougou - Africa's top cotton producer and the sole West African nation to venture into biotech farming, is dropping genetically modified (GM) cotton on quality grounds. read more
Duluth Trading expanding its store base - USA

Duluth Trading expanding its store base - USA

11/04/2016 - 12:15
Brand awareness and sales growth are accelerating at Duluth Holdings where the company’s rapidly expanding store base is so young it won’t be able to report same-store sale growth until 2017. read more
Zara owner sports runaway growth - Spain

Zara owner sports runaway growth - Spain

09/03/2016 - 16:19
Madrid - Inditex, the world’s largest clothing retailer, reported its fastest annual profit growth in three years fuelled by online sales and the Zara chain, which offers $19.90 flared dresses and $29.90 leather sandals. read more
H&M eyeing new markets - Sweden

H&M eyeing new markets - Sweden

29/01/2016 - 11:40
Stockholm - Swedish clothing giant Hennes and Mauritz (H&M) on Thursday (28 Jan) reported a jump in net profit last year and announced plans to expand further into new markets, including online. read more
Clothing and textile industry shakes off cobwebs

Clothing and textile industry shakes off cobwebs

21/12/2015 - 11:12
The Southern African Clothing and Textile Workers’ Union (Sactwu) says the clothing, textile, footwear, and leather manufacturing industry is entering a period of greater stability and higher levels of growth. read more
Truworths CEO designate quits

Truworths CEO designate quits

08/12/2015 - 09:58
Truworths CEO designate Jean-Christophe Garbino, who was officially meant to take the helm last July, has resigned. read more
Clothing wage dispute maybe settled

Clothing wage dispute maybe settled

19/08/2014 - 11:23
Johannesburg - The wage dispute in the clothing and textile sector could soon be settled, Sactwu said on Friday.  read more
Tesco plans to buy clothes from Ethiopia

Tesco plans to buy clothes from Ethiopia

17/03/2014 - 08:37
London - Tesco, the world's third-largest retailer, expects to source more clothes from Ethiopia, but wants the nascent industry there to uphold high ethical standards as global chains seek to prevent factory disasters like those seen in Bangladesh. read more
UK: Sports mania hindering sales, John Lewis

UK: Sports mania hindering sales, John Lewis

22/07/2013 - 10:51
London - John Lewis, Britain's biggest department store firm, has blamed Andy Murray's Wimbledon triumph, the first Ashes test in cricket and a heat wave for keeping shoppers out of its stores last week.  read more
Young consumers now drive Kenya’s economic growth

Young consumers now drive Kenya’s economic growth

10/05/2013 - 10:09
A new report shows consumers are taking charge of Africa’s economic growth, with an increasing number of urban Africans spending a large share of their disposable income on groceries and clothing.  read more
Clothing industry wage pact extended

Clothing industry wage pact extended

15/04/2013 - 08:36
Johannesburg - A controversial bargaining council wage agreement in the clothing industry has been extended, the clothing trade union Sactwu said on Sunday. read more
Manufacturers to benefit from wider local content thresholds

Manufacturers to benefit from wider local content thresholds

30/01/2013 - 10:03
Domestic manufacturing has received another boost with the Department of Trade and Industry (dti) yesterday announcing further designations for local production with minimum local content thresholds in terms of the public sector preferential procurement programme. read more
SA consumers’ R116 billion credit bill

SA consumers’ R116 billion credit bill

25/01/2013 - 10:45
South African consumers spent over R116 billion on their credit cards in December 2012, payment clearing house BankservAfrica said on Thursday. read more
South Africa emerges as 3rd largest export destination

South Africa emerges as 3rd largest export destination

14/01/2013 - 01:44
The year 2012 started off on a negative note with exports in January and February declining by 4 and 9 per cent respectively, compared to the corresponding months in 2011. However, exports have since picked up and as at November 2012, exports of Export Oriented Enterprises (EOEs) recorded a growth compared to January to November 2011. read more
Nigeria inflation hits 4-month high

Nigeria inflation hits 4-month high

18/12/2012 - 07:35
Abuja - Nigeria's consumer inflation rose to its highest in four months in November as the impact of the country's worst flooding in 50 years pushed up the cost of food, data showed on Monday. read more
October Retail trade sales slowed sharply to 1%

October Retail trade sales slowed sharply to 1%

14/12/2012 - 09:16
Growth in South Africa's retail sales slowed to 1% year-on-year in October compared with a revised 4.7 percent expansion in September, Statistics South Africa said on Tuesday.  read more
Retailers to remain under pressure

Retailers to remain under pressure

13/12/2012 - 10:01
The fight for market share among food and clothing retailers would continue next year as retail sales were expected to remain flat while consumers battled with high debt and increased utility costs, retail analysts said last week. read more
SA Retail Trade Sales Forecast for 2012 Festive Season

SA Retail Trade Sales Forecast for 2012 Festive Season

04/12/2012 - 09:22
Recent research shows December 2011 South Africa retail trade was up 12.8% on the prior December, however retail sales in December 2012 should increase between 7% and 9% – slightly above inflation – to levels between R80 billion and R82 billion, based on current prices read more
Retail sales weaker than expected

Retail sales weaker than expected

15/11/2012 - 09:30
Johannesburg – Growth in SA’s retail trade sales at constant prices was weaker than expected in September‚ with sales increasing by 4.3% year on year (y/y) after an upwardly revised 6.7% (6.4%) increase in August‚ figures released on Wednesday by Statistics SA showed.  read more
Woolworths gets top accolade

Woolworths gets top accolade

26/09/2012 - 08:08
Johannesburg - Woolworths Holdings [JSE:WHL] on Tuesday said it was honoured to have been named responsible retailer of the year at the World Retail Congress for the third time.  read more
TFG gains market share, improves profits and pushes into Africa

TFG gains market share, improves profits and pushes into Africa

31/05/2012 - 13:34
The Foschini Group Limited (TFG) delivered a strong performance for the year ended 31 March 2012, increasing its sales by 17% to R11.6-billion, outperforming the rest of the industry and gaining significant market share over its retail competitors.  read more
Clothing industry productivity outstrips earnings

Clothing industry productivity outstrips earnings

24/04/2012 - 08:24
South African clothing workers have become more productive over the last few years, yet each year, they earn comparatively less per garment they produce, the Southern African Clothing & Textile Workers' Union (Sactwu) said on Monday.  read more
M&S rues cost of stock shortages

M&S rues cost of stock shortages

19/04/2012 - 10:19
UK retailer Marks & Spencer has been hit by stock shortages caused by what the group’s CEO referred to as ‘not perfect buying’ read more
Canadian grocer launches apparel line to compete with Walmart, Target

Canadian grocer launches apparel line to compete with Walmart, Target

03/04/2012 - 08:56
Loblaw's Joe Fresh, Canada's biggest grocer, opened a flagship store last week on Manhattan's Fifth Avenue, but instead of meat and produce, it's selling $29-women's dresses and $12-men's shirts, according to Bloomberg.  read more
Gap Inc. expands into Africa with first stores in South Africa

Gap Inc. expands into Africa with first stores in South Africa

20/03/2012 - 15:14
SAN FRANCISCO – March 20, 2012 – Continuing to execute on its global expansion strategy, Gap Inc. (NYSE: GPS) announced today the opening of its first free-standing stores in South Africa – the largest apparel retail market in Africa – via its franchise channel. Six months after the successful launch of the company’s first stores on the continent, these store openings mark Gap Inc.’s entry into a third country in Africa - after Egypt and Morocco – and its first in sub-Saharan Africa.  read more
New shopping centre for Duncan Village, Eastern Cape

New shopping centre for Duncan Village, Eastern Cape

16/03/2012 - 09:26
Soon the trouble of having to commute to town for basic necessities will be a thing of the past for the Duncan Village community, as a new shopping centre will be opening in their township in a few weeks. read more
Clothing, footwear sales boost retail confidence

Clothing, footwear sales boost retail confidence

16/03/2012 - 07:45
The first quarter of this year saw improved levels of confidence among retailers, as solid clothing and footwear sales growth bolstered sentiment, the latest Ernst & Young/Bureau for Economic Research survey on Thursday revealed. read more
Stronger rand fails to dampen wool prices

Stronger rand fails to dampen wool prices

15/03/2012 - 09:09
Wool prices were higher at this week's sale despite a stronger rand, according to Cape Wools on Wednesday.  read more
Asda to buy sourcing division of Turkish supplier

Asda to buy sourcing division of Turkish supplier

07/03/2012 - 08:44
Supermarket chain Asda has exchanged contracts on a deal which will see it take control of the sourcing division of one of its largest suppliers GAAT, it was announced today. read more
Bytes replaces 8 000 POS units at Pick n Pay

Bytes replaces 8 000 POS units at Pick n Pay

07/03/2012 - 08:16
Bytes Managed Solutions has been awarded a contract, worth over R100 million in total, to refresh the existing point-of-sale (POS) hardware infrastructure at all Pick n Pay stores over a two-year period. read more
India’s Cotton-Export Ban Should Be Lifted, Minister Says

India’s Cotton-Export Ban Should Be Lifted, Minister Says

07/03/2012 - 08:05
India's farm ministry wants a ban on cotton exports to be revoked as the curbs will hurt farmers in the world’s second-biggest producer, minister Sharad Pawar said. Futures surged for a second day to the highest level in more than two weeks.  read more
Edcon mulls debt, JSE listing

Edcon mulls debt, JSE listing

02/03/2012 - 09:23
SA’s biggest clothes retailer, Edcon, may return to the JSE as early as next year as the company seeks to repay debt owed to bondholders by 2014. read more
Target Fourth-Quarter Earnings Exceed Analysts’ Estimates on Sales Growth

Target Fourth-Quarter Earnings Exceed Analysts’ Estimates on Sales Growth

24/02/2012 - 09:30
Target Corp. (TGT), the second-largest U.S. discount retailer, posted fourth-quarter earnings that exceeded some analysts’ estimates, helped by discount card initiatives and grocery sales.  read more
Edcon aims at new store growth

Edcon aims at new store growth

24/02/2012 - 08:53
SA’s biggest clothing retailer, Edcon, will accelerate space growth this year, chief financial officer Steve Binnie said yesterday, ending a conservative two or three years for the retailer. read more
Truworths profit up, eyes Africa expansion

Truworths profit up, eyes Africa expansion

24/02/2012 - 07:41
Johannesburg - South Africa's biggest listed clothes retailer Truworths International [JSE:TRU] reported a 14% increase in first-half profit, lifted by higher prices and new stores. read more
Woolworths Floor-Space Growth to Accelerate in Second Half

Woolworths Floor-Space Growth to Accelerate in Second Half

21/02/2012 - 08:37
Woolworths Holdings Ltd. (WHL) plans a “big” acceleration in floor-space growth in the second half of the fiscal year, as the South African food and clothing retailer opens its first supermarkets. read more
Woolworths profits up

Woolworths profits up

20/02/2012 - 09:21
Woolworths Holdings (WHL) on Thursday reported a 35.9% rise in diluted headline earning per share to 131.3 cents for the 26 weeks ended December 2011 from 96.6 cents previously. read more
Cotton price and labour costs weigh on H&M's profitability

Cotton price and labour costs weigh on H&M's profitability

31/01/2012 - 09:06
Hennes and Mauritz, Europe's second-largest clothing retailer, continues to struggle to counter the cost of making garments after reporting a fifth consecutive drop in quarterly profit. read more
Local Clothing sector boosted by TFG acquisition of fashion manufacturer

Local Clothing sector boosted by TFG acquisition of fashion manufacturer

30/01/2012 - 10:23
SA’s largest diversified credit retailer, TFG (The Foschini Group), has bought its longstanding clothing manufacturing supplier, Prestige Clothing, to improve its competitive advantage in a move that has sent positive ripples through the local clothing sector. read more
Clothing workers' pension money lost

Clothing workers' pension money lost

30/01/2012 - 08:17
Cape Town – About R92m of clothing workers' retirement money that was lent to the liquidated Canyon Springs company is apparently irrecoverable.  read more
Zuma: State not main job creator

Zuma: State not main job creator

27/01/2012 - 07:37
Johannesburg - The state is not the primary job creator in South Africa, President Jacob Zuma said on Thursday.  read more
Foschini boosts sales

Foschini boosts sales

20/01/2012 - 11:54
Johannesburg - The Foschini Group [JSE:TFG] on Wednesday reported sales growth for the December period - from November 27 to December 31 - of 17.3% and same store growth of 11.4%, notwithstanding the high sales growth base in the corresponding prior period of 22.5%. read more
Truworths dives on below-forecast sales

Truworths dives on below-forecast sales

19/01/2012 - 12:03
Johannesburg - Shares in Truworths International [JSE:TRU] fell more than 3% in early trade on Wednesday, after the clothing retailer released a trading update that one fund manager said fell short of estimates.  read more
SA middle class a new retailer target

SA middle class a new retailer target

19/01/2012 - 11:49
Johannesburg - A rainbow nation of shoppers poured through the racks of fashion giant Zara's brand new store, its first in South Africa, where the Spanish chain hopes to tap an increasingly diverse middle class. read more
Edcon appoints new CFO

Edcon appoints new CFO

18/01/2012 - 09:06
Johannesburg - Clothing, footwear and textiles retailer Edcon on Tuesday announced the appointment of Mark Richard Bower as deputy chief executive and chief financial officer (CFO) following the resignation of Stephen Robert Binnie. read more
SA manufacturing bounces in November

SA manufacturing bounces in November

13/01/2012 - 08:44
The 2.6% year-on-year (y/y) increase in November was better than the upwardly revised October rise of 1.2% (previously 1.0%, but still down significantly on the 8.2% y/y jump in September. One of the reasons for the high September was due to base effects as September 2010 was impacted by industrial action in the motor division. read more
Mr Price third quarter sales growth 15.9%

Mr Price third quarter sales growth 15.9%

12/01/2012 - 10:15
Mr Price Group has recorded sales growth of 15.9% for the third quarter over the comparable period in the prior year. read more
Wool sales open 2012 on a high

Wool sales open 2012 on a high

12/01/2012 - 09:38
Port Elizabeth - The first South African wool sale of the new year opened on a positive note when wool prices rose sharply, Cape Wools said on Wednesday. read more
Woolworths not losing sleep over Walmart

Woolworths not losing sleep over Walmart

12/12/2011 - 09:47
Johannesburg - The chief executive of Woolworths Holdings [JSE:WHL] isn't worried about losing market share to Walmart in Africa, as he targets the continent's rising wealth with fashionable clothing and high-end food. read more
Edcon sales up; expansion on the cards

Edcon sales up; expansion on the cards

01/12/2011 - 09:03
In an effort to accelerate growth, SA's biggest clothing retailer, Edcon will embark on an aggressive expansion plan, which will see trading space inch up 4% in the fiscal year ahead.  read more
Woolworths shares dip as sales disappoint

Woolworths shares dip as sales disappoint

18/11/2011 - 08:32
Shares in Woolworths fell more than 2% yesterday after the food and fashion retailer reported disappointing sales growth in its clothing unit as well as poor volume growth in its first five months of trading in its full year. read more
Truworths ups sales

Truworths ups sales

11/11/2011 - 08:25
Johannesburg - Retailer Truworths International [JSE:TRU] on Thursday said group retail sales for the first 19 weeks - from June 27 until November 6 2011 of the 2012 financial period - rose by 9.3% to R 3.0bn, relative to the corresponding period in the 2011 financial period. read more
Fast Retailing May Buy Bigger Clothing Rival in U.S., Europe as Yen Gains

Fast Retailing May Buy Bigger Clothing Rival in U.S., Europe as Yen Gains

07/11/2011 - 09:01
Fast Retailing Co., Asia’s largest clothing chain, may buy a bigger rival in the U.S. or Europe after the yen’s advance to a postwar high against the dollar boosted the Japanese company’s purchasing power. read more
Truworths expects higher profit

Truworths expects higher profit

18/07/2011 - 11:40
Johannesburg - South Africa’s biggest listed clothing retailer Truworths International said on Friday full-year profit likely rose as much as 22%, beating consensus estimates as lower interest rates boost consumer spending. read more
Demand for Nike brand still strong

Demand for Nike brand still strong

28/06/2011 - 08:00
New York - Nike Inc reported stronger-than-expected quarterly earnings on Monday as a 14% increase in revenue helped offset higher costs, and orders showed surprising strength for the future. read more
Clothing firms take minister to court

Clothing firms take minister to court

17/06/2011 - 07:45
Johannesburg - Labour Minister Mildred Oliphant faces legal action from clothing manufacturers who accused her of breaching the law by extending compliance with the minimum wage to companies that are not part of the sectoral bargaining council, Business Report said on Friday. read more
Strong performance continues into second half of the year

Strong performance continues into second half of the year

26/05/2011 - 07:26
(Durban, 26 May 2011) This year, Mr Price Group celebrates the 25th anniversary of the change in control in the company. The compound annual growth rate in share price and dividends per share over this period has exceeded 25%, with headline earnings per share growing at a compound annual rate of 24%. Other significant milestones have also been achieved this year – retail sales have exceeded R10 billion and profit attributable to shareholders has exceeded R1 billion for the first time.  read more
Walmart deal may mean cheaper clothes

Walmart deal may mean cheaper clothes

04/04/2011 - 00:00
Johannesburg - South African shoppers could get access to low-priced clothing brands if the ­proposed merger between US retail ­giant Walmart and local retailer Massmart Holdings [JSE:MSM] goes ahead. read more