BERLIN (Reuters) – Consumer concerns about poor working conditions in Asian factories and toxic chemicals used in fabric production are driving interest in ethical fashion, helping it start to appeal to a broader market.
The collapse of an eight-storey garment factory in Bangladesh last April that killed more than 1,100 people drew global attention to the perilous conditions endured by many workers in Asia’s garment industry, which supplies big Western retailers.
BERLIN/DUESSELDORF, Jan 13 (Reuters) – German retailer Metro
AG has reported a drop in sales in its fiscal first
quarter, saying turnover in the key Christmas period had been
soft and its headline numbers had been hit by negative currency
Europe’s fourth-biggest retailer, which runs cash and
carries, supermarkets, department stores and the region’s top
consumer electronics chain, said sales had fallen 3.3 percent to
18.7 billion euros ($25.6 billion) in the three months through
BERLIN/FRANKFURT, Jan 9 (Reuters) – Hennes & Mauritz
, the world’s second-biggest clothing retailer, is
launching a new sportswear line with the help of Sochi-bound
Swedish Olympians in a bid to outpace discounters like Primark
that are snapping at its heels.
The global sportswear market will grow more than 7 percent
in 2014, outpacing 5.8 percent growth for broader apparel,
according to Euromonitor. H&M hopes that by muscling into a
market seen to be worth $220 billion this year it can move away
from the cut-throat budget fashion area and towards
higher-margin products could help it copy the success of
Inditex’s mid-market fashion chain Zara.