Latest news with #JustStyle
Yahoo
08-08-2025
- Business
- Yahoo
Hanesbrands swings to Q2 profit as transformation plan pays off
For the Q2 period ending 28 June, sales at Hanesbrands increased 1.8% to $991.3m Gross profit substantially improved by 38% to $412m and selling, general and administrative expenses improved. Hanesbrands recorded a Q2 operating profit of $154.65m from an operating loss for the period a year earlier of $63.2m. It moved from a net loss of $298m to a profit of $82m. For the half-year period, sales improved by 1.9%. Hanesbrands booked an operating profit of $234.6m, reversing an earlier loss, and its net profit increased to $72.2m from a loss of $337.5m. 'We continue to see the benefits of our growth strategy and prior transformation initiatives,' said CEO Steve Bratspies. 'With our strong performance to date and our visibility to cost savings and input costs, we raised our full-year outlook, which continues to reflect our expected impact from US tariffs. Our strategy is delivering consistent results, and we're confident it positions us for continued long-term success. We have multiple avenues to drive increased shareholder returns over the next several years through consistent sales growth, additional margin expansion, and continued debt reduction.' Earlier this year, Bratspies announced he will be stepping down before the end of 2025. Last September Hanesbrands announced the divestiture of the Champion brand. Hanesbrands FY Outlook For the full year, Hanesbrands says it expects net sales from continuing operations of approximately $3.53bn, which includes projected headwinds of approximately $35m from changes in foreign currency exchange rates. Net sales are expected to increase slightly over prior year on both a reported and organic constant currency basis. GAAP operating profit from continuing operations is expected to be approximately $471m and GAAP Earnings Per Share from continuing operations of approximately $0.59. "Hanesbrands swings to Q2 profit as transformation plan pays off" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-08-2025
- Business
- Yahoo
India subject to 50% duties on US exports after latest Trump tariff hike
The new tariff on top of the existing 25% duty places US imports from India under one of the highest tax brackets in the US, totalling 50%. President Trump also justified the action by citing Russia's military involvement in Ukraine as a "national emergency", necessitating stronger measures. "The actions and policies of the Government of the Russian Federation continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States," stated Trump's executive order. The tariff hike on Indian imports is set to take effect on 27 August, leaving a brief period for India and the US to potentially negotiate a lower rate. Meanwhile, the Indian Ministry of External Affairs (MEA) has swiftly condemned the new tariffs, terming it as "unfair, unjustified and unreasonable". India's exports to the US amounted to nearly $87.3bn in 2024, surpassing US exports to India, which stood at $41.5bn, as per US government trade statistics. 'It is (therefore) extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest. India will take all actions necessary to protect its national interests,' a statement from official spokesperson of MEA reads. The move could thwart India's plans of absorbing orders, particularly in the apparel and textile segment, as China falls out of favour with the US. Earlier, Neil Saunders, analyst at GlobalData told Just Style India's 'steep tariff rate' made it far less competitive as a manufacturing hub. 'For products like apparel, where every cent matters, many retailers may now look beyond India. India's dreams of tariffs on China sending business its way will now fade. This might not happen immediately as a lot of retailers and brands are taking a wait and see approach. However, a more certain tariff environment is now falling into place with the various trade deals, and it looks like India will be one of the losers." "India subject to 50% duties on US exports after latest Trump tariff hike" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
25-06-2025
- Business
- Yahoo
New platform to expedite adoption of Circulose in fashion supply chain
Circulose is a 'dissolving pulp,' made entirely made from recycled textiles. It serves as a raw material for producing various regenerated fibres such as viscose, lyocell, modal, and acetate, collectively known as man-made cellulosic fibres. The platform, launched in collaboration with Canopy, a non-profit focused on solutions, includes the Circulose Material Library, Circulose Forward Priced Materials, a Price Calculator, and an expanded network of suppliers. Circulose CEO Jonatan Janmark said: "Scaling up next-gen materials is not straightforward. To enable adoption at scale and at pace, we need to make integration into brands' supply chains seamless. Circulose Forward is a key initiative to make that happen." Canopy founder and executive director Nicole Rycroft said: 'We're proud to support partner with Circulose's on the launch of Circulose Forward. This platform provides practical, scalable solutions that align with both climate science and market needs. It's the kind of innovation that helps the industry leave deforestation in the past and move decisively toward a resilient, low-carbon, Next -Gen future.' Circulose Material Library, which is the first rollout under the new platform, features a range of commercially available fabrics and yarns made with Circulose , showcasing their aesthetic, functional, and other properties. The Circulose Forward Priced Materials are part of the Material Library, adhering to the Circulose Forward Price Logic that aims to prevent unnecessary price increases throughout the supply chain. The Circulose Forward Price Calculator is an innovative tool designed to help brands calculate the cost implications of incorporating Circulose into their materials or finished garments. While still under development, Circulose has provided a preview of the Circulose Forward platform on its website. 'This is just the beginning. Circulose Forward will continue to grow, giving our partners access to a robust portfolio of tools that make circularity not a distant vision – but a reality today,' Janmark added. In February, Circulose joined Canopy to promote sustainable fibres while helping to fight against the use of forests in textile supply chains. "New platform to expedite adoption of Circulose in fashion supply chain" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
CHIC 2025 in Shanghai to focus on fashion innovations
The CHIC 2025 event in Shanghai is designed to facilitate business connections through a blend of creative trade show elements and experiential activities. Under the theme 'Fashion Picnic in Autumn,' CHIC 2025 (September) aims to focus on tapping into burgeoning markets, showcasing brands, leveraging digital tools, and fostering creative interactions. Scheduled to take place from 2-4 September 2025, the event will feature more than 800 exhibitors across nine designed thematic zones spanning an area of more than 50,000m2. The space hall will display Spring/Summer 2026 collections in various categories including women's, men's, and children's apparel, as well as accessories, shoes, and bags. Some highlights include CHIC Talk, CHIC Shows, and an integrated digital WeChat Mini Program. The aim is to foster dialogue, spur innovation, and streamline networking within the industry. CHIC Talk will feature a series of expert-led seminars and workshops offering a knowledge exchange platform. These sessions will bring together industry specialists and leading brands to discuss current trends in fashion. Runway shows at the event will highlight creative designs for the upcoming season from premium brands and collective presentations by prominent national fashion organisations. These runway events aim to showcase the style acumen and capabilities of the participating labels. The CHIC WeChat Mini programme will serve as a central digital tool for the fair, consolidating essential services such as visitor registration, business matching, and live stream broadcasting. This programme is extensively used by exhibitors, visitors, and partners as a crucial component of CHIC's digital infrastructure. To date, CHIC has facilitated more than 1,000 matchmaking sessions and connected more than 600,000 trade visitors. The spring edition of the fair in 2025, held from 11 to 13 March drew more than 1,175 exhibitors and a new high of over 165,000 visitors, with 55% attending CHIC for the first time. The upcoming autumn edition aims to continue this momentum by organising targeted matchmaking meetings to explore new buyer potential and is anticipated to attract over 60,000 visitors. "CHIC 2025 in Shanghai to focus on fashion innovations" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
10-06-2025
- Business
- Yahoo
UK fashion manufacturers see record Q1 sales performance with 171% surge
New data from the Manufacturing Health Index provided by Unleashed indicates this growth occurred despite a decline in small-medium enterprise (SME) business confidence to its lowest point in two years. The negative sentiment among businesses due to global uncertainty, inflation, and tax increases may not be entirely justified, the data suggests. The index is created by compiling data on purchases, sales, and stock movements from over 600 UK manufacturers, using Unleashed's inventory management software. Unleashed owner The Access Group ERP Small Business GM Joe Llewellyn said: 'Anecdotally, what we're hearing from some of our customers is that Q1 brought welcome windfalls. Some tariff-affected international customers have turned to UK firms to do business, while others raced to order more before tariff pauses came off. That's delivered a shot in the arm for some firms, but more importantly we're hearing that steadily falling bank rates are starting to stimulate the economy, which obviously is very welcome to UK manufacturers who've posted a really strong start to the year.' Although sales revenue increased, profitability metrics such as gross margin return on inventory (GMROI) experienced a downturn. Clothing manufacturers saw a 53% decline in GMROI compared to the previous quarter and a 36% decrease YoY, with returns of £4.14 for every pound invested in inventory. Decline in profit comes as excess stock level rose by 76% on a YoY basis and 51% on quarterly basis. Delivery lead times averaged 19 days as per the index, marking a 24% decline from 25 days in previous quarter and 14% decline from 22 days in the same period last year. However, purchase orders stood at 313 as of Q1 2025, declining by 7% from last year's quarter of 336 orders and declined 22% previous quarter orders of 399. When examining all 12 manufacturing categories analysed by Unleashed, there was an overall increase of 30% in sales in Q1 2025 compared to Q4 2024 and a YoY rise of 13%. Profitability also saw an upturn of 10% in Q1 with £4.03 generated per pound spent on stock. The broader manufacturing sector's profit margins may have been influenced by purchasing managers delaying inventory purchases due to unfavourable GBP-USD exchange rates earlier in the year. However, by April's end, the exchange rate had improved. Except for electronics & telecoms and food categories, which saw declines of 23% and 34% respectively, most manufacturing sectors experienced positive sales performance quarter-on-quarter. Lead times reduced across all categories, with Sports & Entertainment leading at a 45% reduction. Additionally, many categories reported decreases in excess stock levels, with industrial machinery observing the most significant drop at 68%. "UK fashion manufacturers see record Q1 sales performance with 171% surge" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
