Fashion
US manufacturing contracts for eighth straight month in Oct
The manufacturing PMI registered 48.7 per cent in October—a 0.4-percentage point (pp) decrease compared to 49.1 per cent in September.
Economic activity in US manufacturing contracted in October for the eighth month in a row, following a two-month expansion preceded by 26 straight months of contraction, the ISM manufacturing PMI report said.
Textile mills; apparel, leather & allied products; furniture & related products; petroleum & coal products; and chemical products were among the 12 sectors reporting contraction in October.
Textile mills; apparel, leather & allied products; furniture & related products; petroleum & coal products; and chemical products were among the 12 sectors reporting contraction in October.
“The overall economy continued in expansion for the 66th month after one month of contraction in April 2020,” said Susan Spence, chair of ISM’s manufacturing business survey committee.
A manufacturing PMI above 42.3 per cent, over a period of time, generally indicates an expansion of the overall economy.
The new orders index contracted for the second month in October following one month of growth; the figure of 49.4 per cent is 0.5 pp higher than the 48.9 per cent recorded in September.
The October reading of the production index (48.2 per cent) is 2.8 pps lower than September’s 51 per cent.
The prices index remained in expansion, registering 58 per cent, down by 3.9 pps compared to the 61.9 per cent in September.
The backlog of orders index registered 47.9 per cent, up by 1.7 pps compared to 46.2 per cent in September. The employment index registered 46 per cent, up by 0.7 pp from September’s 45.3 per cent.
“The supplier deliveries Index indicated slower delivery performance for the third consecutive month after one month in ‘faster’ territory, which was preceded by seven consecutive months in ‘slower’ territory. The reading of 54.2 per cent is up 1.6 percentage points from the 52.6 per cent recorded in September,” Spence noted.
The inventories index registered 45.8 per cent, down by 1.9 pps compared to September’s 47.7 per cent.
The new export orders index reading of 44.5 per cent is 1.5 pps higher than 43 per cent registered in September. The imports index registered 45.4 per cent, 0.7 pp higher than September’s reading of 44.7 per cent.
“In October, US manufacturing activity contracted at a faster rate, with contractions in production and inventories leading to the 0.4-percentage point decrease of the manufacturing PMI. A chain reaction of one-month index improvements started with new orders in August and flowed to production in September. In October, it manifested in a 1.7-percentage point increase in the backlog of orders index. These short gains have not appeared to translate into sustained growth for the sector, a reflection of continuing economic uncertainty,” Spence added.
Fibre2Fashion News Desk (DS)
Fashion
BRC calls for retailer collaboration on net zero emissions
Its new UK Retail 2025 Net Zero Stocktake report uses improved real-world data to assess industry progress, challenges and priorities on the path to net zero.
Using improved data quality and broader coverage, the report provides a clearer picture of industry emissions. The accompanying survey shows strong progress, with 91 per cent of retailers having established and publicly reported GHG baselines, four in five fleet drivers trained in fuel efficiency programmes, and 90 per cent of new retail buildings using LED lighting.
The British Retail Consortium (BRC) has urged retailers to strengthen collaboration across the value chain to tackle scope 3 emissions from supply chains and customer use.
Its new UK Retail 2025 Net Zero Stocktake report uses improved real-world data to assess progress, barriers and priorities for the retail industry’s transition toward net zero.
Yet with over 93 per cent of retail emissions falling outside of direct control, substantive industry progress depends on joined-up retailer collaboration to influence global suppliers into action, British consumers toward large-scale behaviour change, and UK government into supportive policy.
The report shows that only a third (30 per cent) of the very biggest suppliers provide GHG emissions data and 70 per cent of products do not have information for consumers on responsible sourcing.
Progress in these areas has been held up by systemic challenges, including policy uncertainty, supply chain complexity, financial pressures, and technological limitations.
The BRC will continue to support retailers to deliver the transformative change needed by convening cross-industry stakeholders, continuing to track annual progress, and shaping policy to unlock investment and drive momentum.
“In 2020, we launched the Climate Action Roadmap to set the ambition for UK retail to reach net zero by 2040. Five years on, we must use the takeaways from this report to drive the industry from collective ambition to a step change in collaborative action. The climate emergency is no longer tomorrow’s problem. It is here today; disrupting supply chains, driving shortages, increasing costs for households – and threatening the long-term stability and resilience of UK retail. Climate change is a very real risk to businesses and the consequences of inaction are simply too big to ignore. We need more radical collaboration between companies to bring down emissions and step up the drive to net zero,” Helen Dickinson, CEO of the BRC, said.
Fibre2Fashion News Desk (RR)
Fashion
South Indian cotton yarn supported by higher fibre, Tiruppur prices up
The Tiruppur market recorded a price rise of ****;*–* per kg as mills attempted to pass on higher cotton costs, although local demand remained weak. A trader from Tiruppur told Fibre*Fashion, “Tamil Nadu and other states’ spinning mills are raising prices to cover higher cotton costs. They want to increase prices by *–* per cent to fully offset rising production costs, but domestic consumer industry support is lacking. Summer demand is unlikely to pick up before January. The weakening rupee against the US dollar has also provided relief, as mills can compete better in export markets.”
In Tiruppur, knitting cotton yarn prices were noted as ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.
Fashion
Pat McGrath Labs explores asset sale
Published
December 21, 2025
Pat McGrath Labs is undergoing a restructuring and recapitalisation process, according to multiple reports.
As part of the process, the company is reviewing its assets, with some — including its trademark and logo — potentially set to be sold through a formal sale process. Bids are due by January 26, with an auction scheduled for the following day. The process is being managed by U.S.-based financial services firm Hilco Global.
Founded by British makeup artist Dame Pat McGrath, the brand celebrated its 10th anniversary in October. Pat McGrath Labs rose rapidly following its launch and reached unicorn status in 2018 after securing an investment from Eurazeo that valued the company at more than $1 billion.
In recent years, however, the brand has faced operational challenges, alongside executive turnover and layoffs, and its valuation is now widely reported to be a fraction of its former peak.
The development comes just one year after McGrath was named creative director of Louis Vuitton’s debut makeup line, La Beauté, which launched this summer.
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