New year brings old concerns for fashion industry
As the fashion industry gears up for 2024, Gherzi Textil Organization partner, Robert P. Antoshak reveals whether this year will be better for business than 2023.
09 January 2024
09 January 2024
As the fashion industry gears up for 2024, Gherzi Textil Organization partner, Robert P. Antoshak reveals whether this year will be better for business than 2023.
UK fast fashion retailer Boohoo is considering the closure of its manufacturing site in Leicester, UK, which opened less than two years ago, and relocating some of its operations.
High inflation rates and lasting macroeconomic troubles have driven the popularity of resale, with a new report from GlobalData revealing the sector grew 17.7% in 2023.
The latest Global Port Tracker report revealed a "traditional" slowdown post the bustling holiday season but the recent attacks in the Red Sea have caused trade disruptions, leading to prolonged transit times and increased costs.
Textile Exchange says it is "disappointed" after the International Organic Accreditation Service (IOAS) stripped CCPB SRL (CCPB) of its accreditation rights for Textile Exchange Standards in Bangladesh and India, following an earlier suspension.
British fashion and homeware retailer, Matalan has revealed a £35m ($44m) investment aimed at significantly reducing prices on more than 700 products by as much as 25% to ease high cost-of-living pressures on UK families.
Lingerie retailer Ann Summers has secured an £8m ($10.17m) asset-based lending facility from UK lender Secure Trust Bank Commercial Finance (STB CF) to develop its ecommerce business.
The Sewn Products Equipment and Suppliers of the Americas (SPESA) will host its Advancements in Manufacturing Technologies Conference on 11 April 2024 in Los Angeles, California in partnership with the California Fashion Association (CFA).
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
The Europe food and grocery sector was valued at EUR 1,921 billion in 2022, and is expected to grow at a CAGR of >8% by 2027. In 2022, the food category dominated the sector and is expected to continue to do so during the projected period. Hypermarkets, supermarkets, and hard discounters was the leading distribution channel in the Europe food and grocery sector in 2022.
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