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UK non-food prices fall again but business rate change may drive inflation and cost jobs says BRC

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UK non-food prices fall again but business rate change may drive inflation and cost jobs says BRC


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October 28, 2025

UK shop price inflation fell in the first week of October bringing some relief for hard-pressed consumers, the new BRC-NIQ Shop Price Monitor showed on Tuesday. 

New West End Company

But the news came at the same time as a warning that UK retail jobs are at risk from potential tax rises.

First those inflation figures. Overall shop price inflation fell to 1% year on year this month. That’s lower than the 1.4% seen in September and the three-month average of 1.1%.

Specific non-food inflation was actually deflation as it has been for some time. And it accelerated as prices fell more than in September (-0.4% this time rather than -0.1%).

Helen Dickinson, chief executive of the BRC, said: “Overall shop price inflation slowed in October, driven by fierce competition among retailers and widespread discounting. Discounts came early to electricals and health & beauty, as retailers started promotions ahead of Black Friday month.

“The IMF recently warned that UK inflation will be the highest in the G7. With the Budget less than a month away, the Chancellor has an opportunity to relieve some of the pressures that are keeping the cost of essentials high.” 

And that leads us on to the warning of potential job losses if the forthcoming Autumn Budget hammers retailers. 

The British Retail Consortium (BRC) and UK Hospitality have raised concerns over plans to make superstores and other large businesses pay higher business rates.

They said hundreds of sites could close, potentially costing 120,000 jobs.

The changes are designed to give the government room to reduce the burden on smaller businesses and it has said they’ll mean a boost for city centres.

But owners of larger businesses have said it may do the opposite as some major ‘anchor’ sites — particularly large supermarkets and department stores — may close.

Helen Dickinson said ministers should agree to an exemption from higher business rates for retailers to “safeguard hundreds of anchor stores and the vital jobs they sustain”.

She explained that the proposed changes would also added to inflation: “Labour’s promised business rates reform must deliver a meaningful cut to retailers’ rates bills, and ensure that no store pays more. Rising employer National Insurance Contributions and a new packaging tax have directly contributed towards rising inflation, according to the Bank of England. Adding further taxes on retail businesses would inevitably keep inflation higher for longer.”

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US textile imports steady as Cambodia, Bangladesh gain market share

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US textile imports steady as Cambodia, Bangladesh gain market share



China retained its position as the largest supplier with a **.** per cent market share, followed by Vietnam at **.** per cent. However, China’s share continued to slide month after month, reflecting a structural shift in sourcing. American buyers are increasingly diversifying towards Southeast and South Asia to reduce tariff exposure, mitigate geopolitical risk, counter rising production and labour costs, and build more resilient supply chains.

During January–September ****, apparel imports—the dominant product category—rose by *.** per cent to $**.*** billion, compared with $**.*** billion in the corresponding period of ****. In contrast, non-apparel imports fell by *.** per cent to $**.*** billion, as slower housing activity, cautious consumer spending, and order rationalisation by retailers softened demand for home textiles, industrial textiles, and made-ups.



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Calvin Klein opens new global flagship store in New York’s SoHo

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Calvin Klein opens new global flagship store in New York’s SoHo



Calvin Klein, Inc., part of PVH Corp. [NYSE:PVH], announces the opening of the new Calvin Klein global flagship in New York City. The store re-establishes the brand in one of the world’s premier fashion capitals and follows flagship openings in Paris and Tokyo.

Located at 530 Broadway in the heart of SoHo, the 3,000+ square foot selling space reaffirms Calvin Klein’s commitment to creating premium lifestyle destinations that marry the brand’s distinctive minimalism with authentic local energy. The store’s design was inspired by New York City’s signature loft apartments, creating a modern, warm environment that evokes the creative legacy of downtown New York and provides an ideal backdrop for the essential denim, underwear and apparel synonymous with the brand – while reinforcing Calvin Klein’s deep roots in the city.

Calvin Klein has opened its new global flagship at 530 Broadway in New York’s SoHo, marking a major brand homecoming and reinforcing its global lifestyle positioning.
The loft-inspired space highlights denim, underwear, apparel and accessories, alongside campaign-driven displays.
A limited-edition Calvin Klein Soho capsule debuts now, with Calvin Klein Collection pieces arriving from Spring 2026.

David Savman, Global Brand President, Calvin Klein said, “We are proud to return to one of the world’s most fashionable cities – and the birthplace of our iconic brand – with an elevated retail expression. This new global flagship, located just steps from our landmark Houston Street billboard, is a tribute to Calvin Klein’s New York heritage. It represents both the evolution of our retail experience and a tangible expression of the world of Calvin Klein. Calvin Klein embodies a distinctive, global way of living that meets culture, and this store is the latest step on our journey of taking our brand to the next level.”

“New York is central to the DNA of the Calvin Klein brand,” said Stefan Larsson, CEO, PVH Corp. “This homecoming is a key milestone as we build Calvin Klein into one of the most desirable lifestyle brands in the world. Step by step, we’re deepening brand relevance, driving consumer engagement and strengthening brand positioning across North America and globally.”

The store showcases Calvin Klein’s lifestyle offering through curated spaces framed against the latest marketing campaigns. Denim and underwear anchor the experience, complemented by men’s and women’s apparel and accessories to round out the world of Calvin Klein. Key styles from Calvin Klein Collection, the pinnacle expression of the brand, will be available during designated times beginning in Spring 2026. As part of the opening, the store will house a limited-edition capsule featuring tees, fleece sweatshirts, hats and totes emblazoned with custom Calvin Klein Soho branding in navy, cobalt, grey and white colorways.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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US container imports drop 5.4% in November: Descartes

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US container imports drop 5.4% in November: Descartes




US container imports fell 5.4 per cent MoM to 2.18 million TEUs in November 2025, driven mainly by an 11.3 per cent decline from China.
Volumes were also 7.8 per cent lower YoY, though still the fourth-strongest November on record.
Southeast Asia posted solid growth, but China’s sharp contraction dominated, signalling a cautious year-end outlook amid trade and shipping uncertainty.



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