Fashion
US ports to see first MoM import increase in January after six months
Published
January 13, 2026
Sosandar’s trading update for the festive quarter on Tuesday talked of momentum continuing to build “with significant growth in own-site revenue”.
The womenswear retailer also said that trading was in line with full-year expectations in the last three months of 2025.
Revenue rose 10% to £13.4 million with own-site revenue rising 27%. And the gross margin of 66% was up from 64.7% in the prior year, driven by an improved intake margin.
It’s part of the brands at M&S offer and its strength came despite M&S continuing to trade with stock levels below the prior year following its well-publicised cyber incident, but with stock levels expected to normalise by the imminent spring season.
Sosandar also said it has seen an encouraging performance through stores, with sales ahead of the prior year.
It all means that the strong trading of H1 continued in H2, which is good news for the brand that had previously seen a slowdown in its fast growth.
As for the strong own-site performance, the company said it saw higher site traffic, improved conversion rates and increased order volumes from new and existing customers.
Co-CEOs Ali Hall and Julie Lavington said that “the foundations have been laid for sustained profitable and cash-generative growth and we are excited for what 2026 will bring”.
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The government is moving towards a more liberal and simplified import regime, and the details will be disclosed once these are finalised through the cabinet, he said.
Bangladesh has prepared a draft new Import Policy Order (IPO) for 2025-2028, incorporating major changes in the existing IPO for 2021-2024, Commerce Adviser Sheikh Bashir Uddin recently said.
The government is moving towards a more liberal and simplified import regime, and the details will be disclosed once these are finalised through the cabinet, he said.
Inputs have already been taken from Bangladesh Bank and other stakeholders, and the draft would be placed before the cabinet soon, he was cited as saying by domestic media outlets.
Commerce Secretary Mahbubur Rahman said the government will hold a high-level meeting on January 19 to review prices, supply and stock situation of essential commodities ahead of Ramadan season.
Fibre2Fashion News Desk (DS)
The fully self-financed project is expected to create about 700 direct jobs.
The factory will have an annual capacity of up to a million pieces. Around 95 per cent of its output will be exported, while the remaining will be supplied to the domestic market, according to the SCZone authority.
Egypt’s Suez Canal Economic Zone recently signed a $5.6-million agreement with Turkish garment manufacturer Eroglu Moda Tekstil to set up a readymade garments unit in the Qantara West Industrial Zone.
The factory will have an annual capacity of up to a million pieces.
Around 95 per cent of its output will be exported, while the rest will be supplied to the domestic market, the SCZone authority said.
SCZone chairman Waleid Gamal Eldien said the number of contracted projects in Qantara West has reached 50, covering a total area of about 3.46 million square metres, with cumulative investments estimated at $1.35 billion and more than 70,000 direct jobs, according to domestic media reports.
The statistics include projects developed with the Main Development Company (MDC), SCZone’s development arm, which builds ready-to-operate factories and industrial facilities for investors.
Fibre2Fashion News Desk (DS)
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