03 September 2024
03 September 2024
A new report from data and analytics company GlobalData reveals how demographic shifts will change fashion retail in the coming years, from the rise of secondhand to the impact of ultra-fast retailers such as Shein and Temu.
As UK fashion retailer Next is expected to pay out £30m ($39.35m) in backpay after losing an equal pay case, experts suggest it could prompt an acceleration in automating processes across the retail supply chain to boost efficiencies and lower costs.
UK total retail sales increased 1% year-on-year in August, however industry experts are concerned a challenging retail environment could dominate the rest of 2024 unless the upcoming October budget offers some decisive action on business rates.
Bangladesh has been missing out on a potential export business of recycled textile products worth $4-5bn per year due to a lack of a comprehensive policy framework on circular textiles which new research states could incentivise the “highly informal” post-industrial textile waste (Jhut) economy and trade.
The Woolmark Company has launched its Woolmark+ initiative, a new sustainability roadmap designed to support woolgrowers and supply chain partners to accelerate the industry's transition to a nature-positive future, building on existing successes while introducing new initiatives to safeguard the future of wool.
Eleven major associations representing the global sewn products, textiles, apparel, and nonwoven industries have launched the "Alphabet Soup Collective," to enhance collaboration and bridge gaps across the supply chain.
Biotechnology company Tandem Repeat and aerospace and defence contractor Arctos Technology Solutions have been awarded $1.5m by the US Department of Defense (DoD)'s Distributed Bioindustrial Manufacturing Programme to advance domestic bio-textile manufacturing.
The American Apparel & Footwear Association (AAFA) expressed readiness to collaborate on California's newly passed SB-707, the Responsible Textile Recovery Act of 2024 which aims to advance sustainability within the textile, apparel, and footwear industries through extended producer responsibility (EPR) programmes.
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