Apparels

Next Plc reported strong financial results for H1 2024, with group sales up 8 per cent to £2.95 billion (~$3.92 billion) and profit before tax rising 7.1 per cent to £452 million (~$601.16 million).
The online division grew 7 per cent, while retail fell 2.1 per cent.
Following a strong start in H2, the company raised its full-year outlook, projecting £995 million (~$1.32 billion) in profit.

Eco-friendly trends, digitalisation and rising direct-to-consumer models are some of the factors driving the global apparel industry growth.
Asia-Pacific leads, while Southeast Asia and Africa are emerging as key manufacturing hubs for apparel.
However, challenges in the global apparel industry, such as sustainability demands and technological adaptation, remain pressing in 2024.

Vince Holding Corp reported a 6.8 per cent increase in Q2 2024 net sales, reaching $74.2 million.
Growth was driven by a 29.6 per cent rise in wholesale sales, which helped offset an 18.1 per cent decline in direct-to-consumer performance.
Gross profit improved to 47.4 per cent of sales due to lower costs.
The company maintains a cautious but optimistic outlook for the rest of 2024.

Chinese company Tianhui Button (BD) will invest $4 million to establish a garment accessories factory in Cumilla Export Processing Zone, producing 700 million buttons annually.
The venture will create 139 jobs for Bangladeshi nationals.
The agreement was signed at BEPZA Complex, Dhaka, by BEPZA’s executive chairman and Tianhui Button (BD) chairman.