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Lever Style's Stanley Szeto has a cautious outlook for the firm, despite its recording high growth from 2021.

Lever Style Chairman Sees ‘Perfect Storm’ Brewing for Apparel Industry

“If the world tips into recession, China is probably not in position to buck the trend like it did in the global financial crisis in 2008,” Stanley Szeto said.
By Kate Nishimura

Latest In Financial

Sales for the second quarter at Delta Galil reached record levels for the sixth consecutive period, increasing 8 percent to $491.3 million.

Amid Sourcing Shift, Delta Galil Reducing China Manufacturing

Hanesbrands saw net sales in the second quarter fall 14 percent to $1.51 billion, impacted by inflated costs and a cyber event.

Hanesbrands Says Cyber Attack Left 3-Week Impact

Gildan’s net earnings increased 8 percent to $158 million in the second quarter, while diluted EPS rose 15 percent to 85 cents.

Gildan’s 20% Sales Bump Says Activewear Isn’t Over

Columbia Sportswear’s sales for the second quarter rose 2 percent to a record $578.1 million, but income fell 82 percent to $7.2 million.

Columbia Sportswear’s Dumping Excess Stock in Outlet Stores

On the heels of its Karl Lagerfeld acquisition, G-III Apparel Group see growth opportunity in Europe and omnichannel.

With Karl Lagerfeld in Hand, G-III Raises Guidance

Recover bales

Recover’s Recycled Fibers Attract Goldman-Led $100 Million Investment

Sustainability Summit Funding a Greener Future. For fashion companies seeking funding, sustainability is no longer just a nice to have, according to a new breed of investors.

SJ Sustainability Summit Preview: STORY3’s Peter Comisar on Backing Green Companies

VF Corp. reported The North Face revenue rose 24 percent to $800 million, while Vans revenue was flat at $1 billion in the fourth quarter.

Vans Executive Outlines Plans for Brand Revival

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