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Next raises full year profit outlook following strong second quarter sales

UK clothing retailer Next plc (Next) has upgraded its full year pre-tax profit guidance after second quarter full price sales outperformed internal forecasts. Full price sales for the 13 weeks to August 1, 2026 rose 9.2 percent compared to the same period in the prior year, exceeding the company’s expectation of 4 percent. The Leicester-based...

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Inditex shares reach new all-time highs, up +40 percent over 12 months

Madrid – Kicking off what is already shaping up to be a particularly good summer for Inditex, the Spanish fashion multinational, owner of popular chains such as Zara, Bershka and Massimo Dutti, has started this August with its shares hitting new all-time highs. This stock market push has, in turn, led the company to also set a new record for...

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UK government urged to prioritise domestic textile manufacturing through public procurement

Fashion Roundtable has published an open letter to the UK’s new prime minister Andy Burnham urging the government to use public procurement as a tool to rebuild the region’s fashion and textile manufacturing sector. Addressed to Burnham ahead of the finalisation of the proposed ‘Number 10 North’ initiative, the letter calls for public contracts...

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Bangladesh's evolving aparel sector: beyond low-cost manufacturing

A new sourcing report argues that the way brands are buying from Bangladesh has not kept up with the country they are buying from. “The Sourcing Times: Bangladesh” written by Forbes sustainability contributor Brooke Roberts-Islam and commissioned by trims manufacturer Harnest Label Industries argues that buyers are still judging the world's...

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