Apparel - SO

Innovative financing ‘essential’ for decarbonising apparel

Posted on 28/08/2024

The report underscores the impact of macroeconomic fluctuations and business cycles on decarbonisation efforts, emphasizing the need for adaptable funding solutions. Credit: Shutterstock

The comprehensive analysis shines a spotlight on the critical role of innovative financing in the journey to decarbonising the apparel sector.

Titled “From Catwalk to Carbon Neutral: Mobilizing Funding for a Net Zero Fashion Industry,” the report was co-commissioned by apparel leaders Epic Group, TAL Apparel, NITEX, Pactics Group, Artistic Milliners, MAS Holdings, and Simple Approach.

With the industry under increasing scrutiny for its significant contribution to global greenhouse gas emissions, the report delves into the challenges

…

Brain Biotech, AMSilk patent protein for performance apparel

Posted on 27/08/2024

The success of the partnership lies in the modification of structural proteins at the amino acid level, facilitated by Brain Biotech’s technologies. Credit: Shutterstock.

Brain Biotech and AMSilk’s collaboration focuses on the development of high-performance protein-based fibers tailored for various applications within the textile sector.

The joint venture has culminated in the registration of a Patent Cooperation Treaty that aims to showcase the potential of spider silk in creating sustainable textile solutions.

The success of the partnership is said to lie in the modification of structural proteins at the amino acid level, facilitated by Brain Biotech’s technologies.

Dr Alexander Pelzer,

…

Odisha invites textile and apparel investments

Posted on 26/08/2024

Odisha is creating an eco system to attract investments in textiles, apparel, and technical textiles sectors, said Bhupendra Singh Poonia, Managing Director of Industrial Promotion and Investment Corporation of Odisha.

Mr Poonia told The Hindus that the Odisha government has developed or plans a technical textiles park at Bhadrak, a textiles park at Kalibeti in Khordha, and an apparel park at Aranga in Khodha.

It is looking at a total investment of ₹10,974 crore from 26 companies in textiles, apparel, and technical textiles, generating employment for more than one lakh people, not only in these parks but across the State.

…

American Eagle tops estimates on robust apparel demand, fewer discounts

Posted on 25/08/2024

By Juveria Tabassum

(Reuters) -American Eagle Outfitters on Thursday topped Wall Street estimates for the fourth quarter on robust demand for its full-price denims and active wear apparel during the crucial holiday shopping season in the United States.

The company’s shares rose as much as 12.8%, after the owner of the Aerie brand also forecast revenue growth for full-year 2024 largely in line with analysts’ expectations.

American Eagle also said it is aiming for a growth of mid-to-high teens in annual operating income over the next three years.

The long-term target banks on American Eagle’s strategy to expand the exposure

…

Performance, tradition and legacy at the heart of PING Apparel’s SS24 men’s collection

Posted on 24/08/2024

PING Apparel has introduced its men’s spring/summer 2024 range, with three heritage-inspired capsules among four fresh color stories that lead the way in this comprehensive, performance-driven collection for the new season.

New to this year’s range is the Gold Putter capsule; an iconic tribute to the famous gold putters that sits within the vault located at PING’s HQ in Phoenix, Arizona – a celebration of PING history commemorating every professional victory earned using a PING putter. The pieces within this capsule give a nod to tradition, with a new premium gold logo featuring elegantly on the chest of the new

…

Huge ‘gap’ between apparel sector best practice, industry norms

Posted on 23/08/2024

An OECD closed discussion on due diligence is said to have highlighted the growing recognition of responsible purchasing practices as a cornerstone for sustainable outcomes in the industry. Credit: Shutterstock.

During a closed discussion at the 10th OECD Forum on Due Diligence in the Garment and Footwear Sector in Paris, hosted by the Sustainable Terms of Trade Initiative (STTI) and the OECD, stakeholders discussed the intersection of legislation and responsible business conduct in the apparel industry .

STTI explained the session highlighted practical tools to support better purchasing practices, including due diligence aligned contracts.

However, it was also noted that

…

Huge ‘gap’ remains between apparel sector best practice, industry norms

Posted on 22/08/2024

The Sustainable Terms of Trade Initiative (STTI) believes there is a “sizeable gap” to bridge between the apparel industry’s best practices and industry norms and the halted EU CSDDD sends the wrong message to manufacturers keen to follow European environmental legislation.

Stakeholders explored how laws and ethical business practices interact in the apparel industry during a closed conversation at the 10th OECD Forum on Due Diligence in the Garment and Footwear Sector in Paris, which was organized by the OECD and the Sustainable Terms of Trade Initiative (STTI) .

Due diligence-aligned contracts were among the useful

…

Gap’s upbeat quarterly results show improving demand for Old Navy apparel

Posted on 21/08/2024

Updates shares in paragraph 2, adds details on results in paragraphs 6, 11

March 7 (Reuters) – Gap GPS.N beat Wall Street expectations for fourth-quarter results on Thursday, buoyed by strong demand on improved product offerings at its Old Navy and namesake brands during the holiday season and on lower markdowns.

The company’s shares rose 8% to $20.85 after the bell.

CEO Richard Dickson’s plans to push ahead with reinventing Gap’s brands, especially Old Navy, have helped drive consumer interest in its clothing and accessories.

The Banana Republic parent had seen sales slump in the past several quarters as customers

…