14 November 2024
14 November 2024
The fashion industry's future depends on all supply chain tiers following a clear business model built on mutual incentives and shared risk with advances in AI helping to secure financial profitability and long-term sustainability.
Challenges facing fashion brands and retailers in 2024 are set to persist over the next year with a predicted slowdown coming into play as consumers become increasingly price sensitive, McKinsey’s State of Fashion 2025 report suggests.
S&P Global Ratings expects US holiday sales growth to slow to about 3% in 2024 from 4.7% last year and suggests boosting value will be key to US retailer success.
Boohoo Group's board has urged its shareholders to reject fellow shareholder Frasers Group's demands in favour of its plan to unlock and maximise value amid a 15% revenue decline for the six months ended 31 August 2024.
According to animal welfare campaigners, Four Paws, Mango has signed the letter of intent committing to only sourcing certified wool free from Mulesing by 2030.
Fair Wear has introduced its new online platform, HRDD Academy, aimed at supporting fashion brands in meeting human rights due diligence (HRDD) requirements.
Cotton sustainability initiative Better Cotton is calling on world leaders to prioritise farmers in global climate strategies and to acknowledge the role that sustainability frameworks play in enhancing resilience efforts at the COP29 summit in Baku, Azerbaijan.
British conservation consultancy Biodiversify is intensifying its activities to combat biodiversity loss by expanding its focus on the fashion sector following Cop-16.
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