just-style.com | The apparel industry news & information site on LinkedIn: Boohoo lawsuit could test the role of ESG in company disclosures (2024)

US cargo ports brace for busiest import period in nearly two yearsMonthly inbound cargo volume at major US container ports is forecast to reach its highest level since 2022 this summer, driven by robust consumer spending and retailers stocking up for peak season. #JSDaily#USCargo#Shipping

Industry groups call for proactive US-allied trade agenda in open letterProminent industry groups have jointly called for a "visionary, confident and proactive trade agenda" in a letter to the Financial Times editor, stressing the importance of US-allied cooperation in promoting democratic values and tackling global challenges. National Retail Federation United States Fashion Industry Association #JSDaily#Trade#USTrade

G-III Apparel partners with AWWG to accelerate international brand expansionG-III Apparel Group has acquired a 12% stake in Madrid-based All We Wear Group (AWWG) to drive the international expansion of its owned brands like DKNY and Karl Lagerfeld.G-III Apparel Group AWWG #JSDaily#GIII#Acquisition

1

US clothing sales soar as retail bounces back in May The CNBC/NRF Retail Monitor revealed a jump in retail sales during May, with clothing and accessories stores seeing a 1.44% month-over-month increase and a 6.24% year-over-year uptick, which the National Retail Federation (NRF)’s president believes is down to consumers’ resilient ability to spend.National Retail Federation #JSDaily#USClothingSale#USretail

Source Fashion to unlock trading insights with 65 developing countriesThe European responsible fashion sourcing show Source Fashion, has teamed up with the Foreign, Commonwealth & Development Office (FCDO) to promote the new Developing Countries Trading Scheme, offering insights into boosting trade with 65 developing nations by removing or reducing import duties.Source Fashion #JSDaily#SourceFashion#FCDO

In data: Portuguese footwear industry offers ‘alternative to Italy’According to international consultancy EY Parthenon, Portugal now offers a “strong alternative” to Italy for footwear manufacturers as the country invests €600m ($644.5m) in the sector.#JSDaily#Footwear#Portugal

1

We are pleased to announce that Youngone Corporation has won four prestigious awards in the Innovation, Investment, Environmental, and Social categories at the 2024 Just Style Excellence Awards.These accolades recognize Youngone's commitment to sustainable materials innovation, substantial global expansion investments, environmental conservation initiatives, and impactful social outreach programs.Find out more - https://lnkd.in/gqGtaygP

1

US April apparel imports from AGOA members falls by nearly a quarterAGOA members see imports of apparel into the US fall by 23.7% in value in April 2024 compared to 2023, according to the latest figures from OTEXA, with Ethiopia particularly affected.Otexa #JSDaily#AGOA#USImports#OTEXA

Explainer: Is EU retail sector pushback enough to derail Shein’s IPO plans?Ahead of crucial elections across the EU, fabric and clothing makers as well as retailers are pressing future EU policymakers to step up efforts to prevent cheap products being dumped on the market, warning Shein’s listing in London would be “yet another betrayal to working people everywhere and the planet.”#JSDaily#Shein#SheinIPO

1

SME clothing manufacturers in UK see 40% revenue slide in Q1SME clothing makers in the UK saw revenues fall by 40% in the first quarter of the year according to figures from the Unleashed Manufacturers’ Health Index.Unleashed Software #JSDaily#SMEs#UKClothing

1