NEW YORK, United States — U.S. low-price retailer T.J. Maxx plans to open an online store this year, as does rival Saks Inc's Off Fifth outlets, making 2013 the year technology may have caught up with the speed of fashion.
GREENSBORO, United States — VF Corp., the world’s largest apparel maker, dropped its pursuit of Billabong International Ltd.’s surf brand and stores because the Australian company wanted more than VF thought it was worth.
WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.
After stagnating in the wake of the global economic crisis, in recent seasons, the premium denim market has seen an uptick in consumer demand. BoF examines the forces behind the rebound.
Timberland to be taken over by VF Corporation in $2bn deal (Independent) “VF Corporation… said outdoor clothing was among the fastest-growing apparel categories… ‘The Timberland brand is synonymous with high quality outdoor footwear and apparel… the company had been number one on its acquisition hit list for years.” Clothes: Too much, too cheap (Independent) “Blame the so-called