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Showing research about Cons. Discr. - Apparel

20210825-tjx-seasonal-600x402

TJX offsets freight surge with price rise, cost cuts

TJX reported an increase of revenues of 81.1% year over year that exceeded expectations by 10.0%. Nonetheless, CFO Scott Goldenberg noted in the companies earnings call that they expected freight, supply chain and wage costs to be higher” in the second half. Imports associated with the company... Read more →

20210803-footwear-madden

Steve Madden, Wolverine World Wide show fancy supply chain footwork

The footwear industry faces “continued supply chain disruption across the globe” according to Steve Madden’s CEO, Edward Rosenfeld. While the firm has made “a big move out of China” in recent years, shipments from China still represented 82.6% of U.S. seaborne imports linked to the firm in Q2’... Read more →

20210720-maersk-destins

Maersk’s new service may bring Deichmann, H&M back to Chennai

Maersk is reconfiguring its Asian services, including those from India to Europe, aimed at “improving speed to market, providing higher predictability and offering more flexibility” as well as bringing “resilience to the customers’ supply chains”. That follows a slew of disruptions to shipping... Read more →

20210719-nike-origins

Nike may run out of Vietnamese sneakers as COVID-19 accelerates

Two of Nike’s suppliers in Vietnam have had to halt manufacturing due to a COVID-19 related shortage of staff. That repeats a pattern being seen in the apparel industry across south and south-east Asia. Vietnam accounted for 49.0% of Nike’s U.S. seaborne imports in Q2’21, led by footwear shipm... Read more →

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