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UK retailer ASOS & ITF sign deal to protect transport workers’ rights

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UK retailer ASOS & ITF sign deal to protect transport workers’ rights



ASOS, the global fashion destination, has signed a legally-binding agreement with global trade union federation, the International Transport Workers’ Federation (ITF), to protect transport workers’ rights and enhance the safety, resilience and sustainability of its supply chains.

The partnership builds on ASOS’ long-standing leadership in embedding human rights across its business and supply chains, extending this commitment into transport and logistics.

Under a legally-binding human rights due diligence (HRDD) agreement, ASOS and the ITF will cooperate in conducting HRDD in ASOS’ transport operations and logistics, ensuring respect for human rights and sustainability throughout ASOS’ supply chains. ITF will support ASOS in its HRDD policy design, the identification, avoidance and mitigation of risk, and the determination of remedies if rights are violated.

ASOS has signed a legally-binding human rights due diligence (HRDD) agreement with the International Transport Workers’ Federation (ITF) to protect transport workers and strengthen supply chain sustainability.
The pact includes monitoring, remediation, gender equality, and climate action, extending ASOS’ human rights focus into logistics while setting new benchmarks for GNFR supply chain standards.

ASOS and ITF will also engage with ASOS’ brand partners to share resources and educational tools on HRDD relating to transport and logistics.

ITF General Secretary, Stephen Cotton, said: “ASOS has been leading the charge from businesses that demand better protection for people and planet through human rights due diligence. So, we’re delighted to team up with ASOS in order to raise the bar globally for the transport workers who keep our world moving.

“Agreements like this are helping the ITF to shift the dial on the protection of transport workers’ rights. But we can only do this in tandem with pioneering, progressive businesses like ASOS, who are ready to push far beyond the minimum of what’s legally required of them.”

ASOS and the ITF will also work together on climate change and gender equality – key issues affecting transport and logistics workers in both directly operated and subcontracted transport operations in ASOS’ global supply chain.

ASOS Chief Executive Officer, José Antonio Ramos Calamonte, said: “Enhancing the human rights of everyone involved in our value chain – from designing and making clothes, to warehousing, shipping and delivery – has been a core mission for ASOS for close to a decade. Our new agreement with ITF will enable us to take our work even further and extend our action to protecting and improving the human rights of workers in our transport and logistics supply chain, reducing risk and improving supply chain resilience while delivering positive change for the people supporting our business.”

Under the agreement, the following key elements will form the basis of the conduct of HRDD in ASOS’ transport operations and logistics:

  • Meeting or exceeding the policies and practises outlined in the ITF Supply Chain Human Rights Principles and the ITF’s Eight Principles for Decent Work in Warehousing, Distribution and Logistics
  • A monitoring and compliance mechanism based on worker-centred HRDD approaches, including the ITF’s HRDD Guidance
  • Providing for or cooperating in remediation for rights violations, including when appropriate through collective bargaining with the ITF and/or its affiliated trade union members
  • Creating an enabling environment for mature industrial relations in ASOS’ own operations and supply chains; where possible, granting the ITF and its affiliates access to transport and logistics suppliers and workplaces within ASOS’ supply chains

In addition, ASOS will consider the ITF as a ‘stakeholder’ for any relevant legislation, as regards the human rights of transport and logistics workers in ASOS’ directly operated and subcontracted supply chain transport operations. ASOS also commits, where possible, to join the ITF in its national and international advocacy for high standards in transport supply chains.

“There’s no doubt that ASOS is leading the way in ensuring rights are protected in the ‘goods not for resale’ (GNFR) part of its supply chain,” added Cotton. “Many businesses are far too slow at prioritising GNFR and what it can mean for protecting millions of workers worldwide from rights abuses. But when a retailer like ASOS takes a lead on this, it sends a clear message for other business to step up to the plate.”

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’ Carter’s Q3 FY25 sales edge down 0.1% to $757.8 mn

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US’ Carter’s Q3 FY25 sales edge down 0.1% to 7.8 mn



American apparel company for babies and young children, Carter’s Inc, has reported net sales of $757.8 million in the third quarter (Q3) of fiscal 2025 (FY25), down 0.1 per cent from $758.5 million year-over-year (YoY). The company saw growth of 2.6 per cent in US retail and 4.9 per cent in international sales, offset by a 5.1 per cent decline in its US wholesale segment. Comparable retail sales rose 2 per cent.

The operating income fell 62.2 per cent to $29.1 million, reflecting higher tariffs, increased investment in product quality and store expansion. Adjusted operating income dropped 48.9 per cent to $39.4 million, with an adjusted operating margin of 5.2 per cent versus 10.2 per cent in the previous year.

American apparel company Carter’s, Inc, has reported flat Q3 FY25 sales at $757.8 million, while profit fell sharply due to higher tariffs and restructuring costs.
Net income dropped to $11.6 million from $58.3 million, with adjusted EPS down to $0.74.
The company plans 300 job cuts and 150 store closures to save $35 million annually, while tariffs are expected to impact Q4 earnings by $25–35 million.

Net income plunged to $11.6 million, or $0.32 per diluted share, from $58.3 million, or $1.62 per diluted share, a year earlier. On an adjusted basis, net income was $26.8 million, or $0.74 per diluted share, compared to $59 million, or $1.64 per diluted share, in Q3 FY24, Carter’s said in a press release.

“Our third quarter performance reflected continued improvement in US retail business demand as we achieved positive comparable sales and improved pricing for the second consecutive quarter,” said Douglas C Palladini, chief executive officer (CEO) and president. “However, elevated product costs, in part due to the impact of higher tariffs, as well as additional investment, weighed meaningfully on our profitability.”

For the first nine months (9M) of FY25, Carter’s has reported net sales of $1.97 billion, down 0.6 per cent YoY. Adjusted operating income declined nearly half to $86.5 million, with adjusted earnings per share (EPS) at $1.57, compared with $3.43 a year earlier. Net cash used in operations totalled $136.3 million, compared to net cash inflow of $11.3 million in FY24.

The company has initiated a productivity drive, including the reduction of 300 office-based roles (around 15 per cent of its workforce) and the closure of 150 stores across North America by 2026, measures expected to generate annual savings of about $35 million beginning in 2026, added the release.

Looking ahead, the company warned that new US import tariffs could have a pre-tax earnings impact of $200–250 million annually. Vietnam, Cambodia, Bangladesh, and India now account for about 75 per cent of Carter’s sourcing, with China contributing less than 3 per cent. The company expects a $25–35 million hit to pre-tax income in Q4 FY25 due to tariff pressures.

Carter’s has also secured commitments for a new five-year $750 million asset-based revolving credit facility to strengthen liquidity and is evaluating refinancing options for its $500 million senior notes maturing in 2027.

Fibre2Fashion News Desk (SG)



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Egypt’s textile & apparel imports from Turkiye rise 7.7% in H1 2025

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Egypt’s textile & apparel imports from Turkiye rise 7.7% in H1 2025




Egypt’s textile and apparel imports from Turkiye rose 7.7 per cent year-on-year to $154.68 million in H1 2025, driven mainly by higher fabric demand from garment exporters.
Fabric imports surged 27.75 per cent, while yarn imports dipped slightly.
Despite modest overall growth, Turkiye remained Egypt’s second-largest supplier of fabrics and apparel and third-largest in yarn.



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Estée Lauder reports better-than-expected sales and China rebound

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Estée Lauder reports better-than-expected sales and China rebound


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Reuters

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October 30, 2025

The American cosmetics group Estée Lauder beat Wall Street expectations for first-quarter sales on Thursday, signaling early success in CEO Stéphane de La Faverie’s turnaround strategy. The company also reported a rebound in its key Chinese market, sending its shares up nearly 6% in premarket trading.

Estée Lauder reassures in Q1 after several weak quarters – Shutterstock

From July to September, revenue rose 3.6% year over year to $3.48 billion, above analysts’ forecasts of $3.38 billion, according to data compiled by FactSet. Net profit came in at $47 million, compared with the $52 million expected. Adjusted earnings per share stood at 13 cents, slightly below the 15 cents analysts had anticipated.

The owner of Clinique, M.A.C., La Mer, Le Labo and Tom Ford said sales in China rose 8.5% compared with the same quarter last year, helped by strong performance from its luxury skincare and fragrance labels. In a statement, the company said growth in mainland China was driven by “innovation and our existing products,” as well as “targeted customer expansion.”

Estée Lauder, which had warned in August of a potential $100 million tariff impact, has been optimizing its production footprint to bring manufacturing closer to consumers while cutting inventory and promotional activity to offset rising costs affecting the global retail industry.

The company also reiterated the details of a restructuring plan announced in February, with an expected cost of $1.2 billion to $1.6 billion before taxes and the reduction of 5,800 to 7,000 positions by the end of 2026.

“We started fiscal 2026 well, gaining market share in several key strategic areas and improving profitability,” de La Faverie said in the statement. “These results strengthen our confidence in our financial outlook for the 2026 fiscal year.”

For fiscal 2026, Estée Lauder continues to forecast a 2% to 5% increase in net profit per share. The company also warned that new trade tariffs could reduce future earnings by nearly $100 million, but said it is closely monitoring trade policy changes and implementing measures to mitigate potential impacts.

FashionNetwork.com with AFP and Reuters

© Thomson Reuters 2025 All rights reserved.



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