Wool prices in key Australian markets trended lower in the third quarter, with the benchmark Australian Eastern Market Index (EMI) finishing September at $3.90 per pound, well below the peak of almost $4.90 per pound reached in early June.
After the three-week break in July, prices headed up a bit in early August, but then drifted lower throughout August and September as a slowdown in global demand for apparel and fiber due to economic concerns began impacting wool as well as other natural and manmade fibers. Though there were some bright spots in demand for merino, coarser counts were victim of careful buying and extreme price sensitivity.
Amazon Dash speeds into the apparel business while the new Echo Look allows Alexa to snap pictures and offer fashion advice.Read more
Store foot traffic and sales in the U.S. both fell in March, according to analytics firm Retail Next, but the declines were the lowest since November 2016.Read more
Lenzing is going beyond its eco-friendly market presence to foster a better planet.Read more
President Trump may be able to count withdrawing from NAFTA among his first 100 days' accomplishments.Read more
Kit and Ace announced today it would close all stores outside of its native Canada.Read more
Off-price has been doing well while much of the rest of retail suffers, and the downfall of the department store will mean even bigger gains for the off-price sector.Read more
Challenges at retail continue to negatively affect the bottom line for companies along the value chain—except in for luxury and fast fashion.Read more