12 December 2024
12 December 2024
Macy's shareholders Barington Capital Group and Thor Equities have urged the US retailer to explore structural changes and enhance shareholder returns following a Q3 net sales decline of 2.4%.
Vietnam is still in the early stages of incorporating textile recycling into its supply chain, however industry experts believe there are already important insights that can be applied to sustainable fashion sourcing across the globe.
Non-profit Global Fashion Agenda (GFA) has launched its Circular Fashion Partnership in Cambodia following a pilot which highlighted the importance of collaborating with all actors in an extended textile recycling supply chain.
Inditex, the parent company of fashion label Zara, has recorded a robust 7.1% surge in sales, reaching €27.4bn for the first nine months of fiscal 2024 (9M2024), affirming its superior influence over the apparel market.
German sports apparel brand Puma is working with Finnish textile innovator Spinnova to create prototype products from its wood-derived fibre Spinnova that can be integrated into Puma's Sportstyle product line in future.
Rubi, a company specialising in carbon capture and conversion technology, has secured a grant to further advance the production of carbon dioxide (CO2)-based, low-carbon cellulose for the textile sector.
The House of Representatives has passed a legislative proposal, known as Protecting American Industry from International Trade Crimes Act, to combat China trade crimes.
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