Latest Articles in Business

Apparel and footwear industry responds to U.S.-China de-escalation deal on tariffs

The American Apparel & Footwear Association responds to today's Joint Statement on U.S.-China Economic and Trade Meeting in Geneva, proclaiming a 90-day pause with U.S. tariffs reduced to 30 percent and China tariffs reduced to 10 percent beginning May 14. “The 90-day pause is welcome and may temporarily help unstick the effective trade embargo...

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HYROX names INTERSPORT as official title partner

HYROX, The World Series of Fitness Racing, has announced a partnership with leading global sporting goods retailer, INTERSPORT. Across 2025, INTERSPORT will be the Official Title Partner of four key European HYROX races. The first of these took place in early February at HYROX Maastricht, with additional races in Hamburg (3rd-5th October),...

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Interview with OLAF Founder Hussein: The Role of Learning and Community in Shaping His Brand

Speak ya clout is a series of heart to heart conversations, exclusively found at BSTN Chronicles. From insiders of the fashion business to blazers of new trails and creative forces from other industries, topics vary for each conversation. This time, Hussein, the founder of OLAF – Our Life As Friends – takes us behind the scenes of the brand, its...

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IHKIB Accelerates Fashion Sector’s Twin Transformation with EU-Funded MIDAS Project

Through the EDIH-MIDAS Project, IHKIB is set to bring SMEs one step closer to achieving the twin transformation İHKİB Board Member and President of IHKIB EDIH-MIDAS Committee, Kamil Hilal Suerdem states, “We are focusing on the twin transformation to enhance national competitiveness in digital technologies and infrastructure, and to ensure the...

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StitchTogether project - Turkish social partners present the Istanbul Declaration

On 8-9 April 2025, social partners from the Turkish textile industry met in Istanbul to discuss different topics such as the green and digital transition, due diligence and brand responsibility, skills and training in the textile sector, as well as the next steps in their efforts to achieve broader and more effective social dialogue. In the...

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Berlin Fashion X International – Delegation trip to New York City strengthens German American partnership

Fashion Council Germany's fourth Berlin Fashion X International delegation trip to New York City has come to a successful end. The nine selected fashion and accessory labels, most of them based in Berlin, enjoyed a five-day programme of exciting workshops, networking events and location visits. The main goal of the delegation trip was to...

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Results of the 31st ITMF Global Textile Industry Survey

The International Textile Manufacturers Federation (ITMF), has released the results of its Global Textile Industry Survey (GTIS) for March 2025. This survey, conducted regularly across all key regions and segments of the textile value chain, revealed a complex picture of a deteriorated business situation, cautious optimism, regional divergence,...

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US-tariffs are disrupting the global textile and apparel value chains resulting in higher prices in the U.S.

The U.S. administration's decision to unilaterally impose sweeping tariff increases on imported goods represents a significant challenge to the existing global trading system, which has long been structured around multilateral (WTO), regional, and bilateral (FTA) trade agreements. Mr. K. V. Srinivasan, President of the International Textile...

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AAFA reacts to U.S. Department of Labor’s action to cancel all ILAB contracts

The American Apparel & Footwear Association expressed alarm at actions taken by the U.S. Department of Labor to cancel all contracts for the Department’s Bureau of International Labor Affairs (ILAB). “Our members, and their 3.5 million American workers, rely heavily on ILAB’s work to promote a fair global playing field for American workers and...

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Skechers reports record-breaking sales in FY 2024 highlights

Skechers, The Comfort Technology Company™, has announced record full-year results for 2024, underscoring the brand’s robust global momentum across wholesale and direct-to-consumer channels. Total sales reached an unprecedented $8.97 billion, marking a 12.1% increase year-over-year, or 13.0% on a constant currency basis. This performance was...

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AAFA and FLA call for defense of the U.S. Labor Department's Bureau of International Labor Affairs

In a joint letter to the newly confirmed United States Secretary of Labor, The Honorable Lori Chavez-DeRemer, the American Apparel & Footwear Association (AAFA) and the Fair Labor Association (FLA) both offer congratulations and a firm call to fully preserve and promote the Department’s Bureau of International Labor Affairs (ILAB) and its...

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NCTO Commends President Trump’s Pause on Tariffs for Imported Goods Compliant with Mexico, Canada Trade Deal; Urges Agreement to Exempt These Imports

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber to finished sewn products, issued the following statement today from President and CEO Kim Glas regarding President Donald Trump’s one-month suspension of tariffs for qualifying imports under the U.S.-Mexico-Canada Agreement (USMCA)....