Women's Wear Daily

USMCA Seen Having Neutral Impact for Canadian Apparel

Not good, not bad. That is the way Canadian textiles and apparel executives are qualifying the United States-Mexico-Canada Agreement, adding that the deal to replace the North American Free Trade Agreement is expected to have little impact on the U.S.’ northern neighbor. “We are only happier because the sky has not fallen,” said Bob Kirke, executive director of the Canadian Apparel Federation, when asked if his industry will be better off with the USMCA, which Canada agreed to join at the 11th hour on Sept. 30. “It’s not better. It is just as good as before.” Apparel executives said the trilateral agreement — pending U.S. Congress approval — mainly pleased President Trump’s constituents in the U.S. dairy industry, which finally gained access to the Canadian market, while the U.S.’ last-minute concession to waive Canadian auto tariffs “was cosmetic.” “We basically did all of this to placate a bunch of dairy farmers in Wisconsin?” charged one Canadian apparel executive, requesting anonymity. “These are the only people who really benefit, not the apparel sector.” Perhaps the biggest win for Canada in the thorny negotiations to modernize NAFTA was a U.S. compromise to allow it to largely keep its tariff preference levels (TPLs) to import scarce raw materials

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DKNY Licenses H. Best for Men’s Underwear

DKNY is diving into the lucrative men’s underwear market. The brand, which is owned by G-III Apparel Group, has signed a license with H. Best Ltd. to develop men’s underwear and loungewear. The collection, which will hit better department and specialty stores for the holiday, will include cotton briefs, boxer briefs, crewneck tees and V-neck tees. The DKNY men’s briefs by H. Best.  “DKNY has a modern, confident and strong aesthetic, and consumers have always responded well to the brand’s approach to dressing men,” said Tom Speight, chief executive officer and president of H. Best. “Each garment has technical attributes that are perfect for today’s on-the-go guy: comfortable, tagless waistbands, and antimicrobial attributes among other experience-enhancing qualities.” Jeff Goldfarb, executive vice president of G-III Apparel, said: “Building this category is a core element in our growth strategy for the brand, and we look forward to partnering with them as we work together to launch this new collection for DKNY.” The $2.4 billion New York-based G-III purchased Donna Karan International, parent of the DKNY label, from LVMH Moët Hennessy Louis Vuitton for $650 million at the end of 2016. The men’s collection was reintroduced to the market last April after being absent since the fall of 2015. H.

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Spring 2019 Trend: Picture This

Pictorials were all over the spring runways in jacquards, intarsias and a multitude of prints. Interpretations ranged from beachside imagery and outdoor scenery at Etro and Prada to Jeremy Scott's Polaroid self-portraits with edge.

U.S. Tops in Global Competitiveness in 2018

GENEVA – The U.S. was ranked the world’s most competitive economy in 2018, as a result of its business dynamism, efficient financial system, labor market and strength in innovation, a business survey by the World Economic Forum said. The report placed Singapore second and Germany third, while China was ranked 28th, under a new methodology to fully capture the dynamics of the global economy in the fourth Industrial Revolution such as idea generation, entrepreneurial culture, openness and agility. But the study — based on a survey of 12,274 top global business executives in 140 economies and 12 determinants of competitiveness, which include markets, innovation and the macro-economy — also concludes that globalization, a key driver of growth for the past 30 years, “is facing a popular and political backlash.” Klaus Schwab, founder and executive chairman of the World Economic Forum, critically observed: “Growing inequality and geopolitical flash points have fueled citizens’ concerns about globalization and polarized the political debate.” The WEF report also warns that recent tariff hikes by the U.S. and retaliatory measures by trading partners (such as China) have “increased the risk” of a trade war. However, the global economy, the report argues, would be “positively impacted” by a return to greater openness

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