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Global Apparel Markets: Business Update, 3rd Quarter 2010 - Product Image

Global Apparel Markets: Business Update, 3rd Quarter 2010

  • ID: 1444781
  • December 2010
  • Region: Global
  • 22 Pages
  • Textiles Intelligence

FEATURED COMPANIES

  • Abercrombie & Fitc
  • Benetton Group
  • G-III Apparel Group
  • JC Penney
  • Marks and Spencer (M&S)
  • Taobao
  • MORE

Clothing market demand in Europe is forecast to grow by 2.5% per annum between 2009 and 2014, from US$217 bn to US$245 bn. The global radio frequency identification (RFID) market is forecast to be worth US$5.63 bn in 2010 while demand for RFID tags for use in apparel in the retail sector is expected to reach 300 mn in the same year. In the first half of 2010, China’s clothing exports increased by 16.2% and US clothing imports rose by 8.4% but EU clothing imports declined by 3.9%. Pakistan’s clothing exports were up by 2.5% in 2009/10.

Smart Apparel has signed an agreement with G-III Apparel Group to manufacture men’s clothing under the Andrew Marc and Marc New York brand names while Beluga has entered into an agreement with Perry Ellis International to design, manufacture and distribute apparel for boys under the Gotcha brand name. Li & Fung USA (LF USA) has signed two separate licensing agreements and a partnership agreement. The licensing agreements have been signed with TapouT and Sean John Clothing while the partnership agreement has been signed with Rachel Zoe, an American fashion stylist.

All companies whose financial reports are profiled in READ MORE >

FEATURED COMPANIES

  • Abercrombie & Fitc
  • Benetton Group
  • G-III Apparel Group
  • JC Penney
  • Marks and Spencer (M&S)
  • Taobao
  • MORE

SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
The Warnaco Group has acquired 22 Calvin Klein Jeans retail stores and their related assets in Italy
CERTIFICATION
Naturally Advanced Technologies (NAT) has received the Global Organic Textile Standard
(GOTS) Textile Auxiliary Agents certificate for its Crailar Organic Fibers
CORPORATE SOCIAL RESPONSIBILITY (CSR)
H&M and Levi Strauss & Co have banned the use of sandblasting during the manufacture of their products
Uniqlo collected 2.62 mn garments for recycling and re-use during March-August 2010
FINANCIAL RESULTS
Abercrombie & Fitch: a 17% rise in net sales helped the company to return to profit in the second quarter of 2010/11
Asos: strong international sales helped total revenues to surge by 48% in the first quarter of 2010/11
Benetton Group: revenues rose by 1% while net income soared by 39%
Gap: net sales and net income increased in the second quarter of 2010/11
Gildan Activewear: net earnings soared by 55.9% thanks to a 28.4% rise in net sales in the third quarter of 2009/10
Third quarter 2009/10
First nine months of 2009/10
H&M: gross profit increased by 13% as sales rose by 7% in the first nine months of 2009/10
Third quarter 2009/10
First nine months 2009/10
New stores
Inditex: net income soared by 68% thanks to strong net sales in the first half of 2010/11
Levi Strauss & Co: net loss worsened despite an 8% increase in net revenues in the second quarter of 2009/10
Marks and Spencer (M&S): total sales rose by 4.4% thanks to strong online sales in the first quarter of 2010/11
Perry Ellis International: net loss reduced in the second quarter of 2010/11, helped by a 2% rise in total revenues
Outlook
TJX Companies: net income rose by 17% as net sales increased by 7% in the second quarter of 2010/11
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
G-III Apparel Group and Smart Apparel have signed a licensing agreement relating to
Andrew Marc and Marc New York branded men’s clothing
Li & Fung USA (LF USA) has signed two separate licensing agreements and a partnership agreement
Perry Ellis International and Beluga have entered into a licensing agreement relating to Gotcha branded apparel for boys
MARKET FORECASTS
Clothing market demand in Europe is set to grow by 2.5% per annum between 2009 and 2014
The global radio frequency identification (RFID) market is forecast to be worth US$5.63 bn in 2010
MARKETS
China’s clothing exports were up by 16.2% in the first half of 2010
EU clothing imports fell by 3.9% in the first half of 2010
Pakistan’s clothing exports increased by 2.5% during 2009/10
US clothing imports rose by 8.4% in the first half of 2010
NEW STORES
Benetton Group is planning to open a number of new stores in Azerbaijan, Mongolia and Russia
Esprit has opened its largest store in the world, in Frankfurt, Germany
Uniqlo (Malaysia) has opened its first Uniqlo store in Malaysia
Haglöfs has opened its first ever retail store
JC Penney has opened 77 MNG by Mango concessions in its US department stores
Patagonia has opened its second retail store in Hawaii
TJX Companies is planning to open its first Marshalls store in Canada
Uniqlo has opened its first global flagship store in Japan
ONLINE RETAILING
Adidas and Taobao have opened an online Adidas retail store for Chinese consumers
Gap has opened three online stores for Canadian consumers and two online stores for UK consumers
Zara has opened an online store for consumers in six European countries

List of tables
Table 1: Inditex: breakdown of net sales by brand, Feb-Jul 2009 and Feb-Jul 2010
Table 2: Europe: clothing market demand, selected markets, 2005-14

-Abercrombie & Fitc
-Adidas
-Andrew Marc
-Asos
-Beluga
-Benetton Group
-Calvin Klein
-Crailar Organic Fibers
-Esprit
-Gap
-G-III Apparel Group
-Gildan Activewear
-H&M
-Haglöfs
-Inditex
-JC Penney
-Levi Strauss & Co
-Li & Fung USA (LF USA)
-Mango
-Marc New York
-Marks and Spencer (M&S)
-Marshalls
-Naturally Advanced Technologies (NAT)
-Patagonia
-Perry Ellis International
-Smart Apparel
-Taobao
-The Warnaco Group
-TJX Companies
-Uniqlo
-Zara

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