UK app shopping surged in Q4

Home Fashion UK app shopping surged in Q4

Challenges facing the global textile industry in 2023

Fashion April 29, 2024 • Comments off

Energy supplies at risk

Electricity and gas are at the heart of European textile manufacturers’ concerns as 2023 is about to begin. Default risks are at their highest, while some factories are urgently trying to equip themselves with solar panels. The gas and electricity crisis is also a source of tension within the European textile industry: some countries, like Spain and Portugal, have been able to decouple electricity prices from gas prices, so as to minimise energy bill increases. A distortion of competition that is causing for example French producers to gnash their teeth in anger.

Moreover, while the pandemic brought virtually to a halt the entire textile and apparel sector, the current energy crisis is concentrated in Europe, accentuating the…

Amazon dismisses idea automation will eliminate all its warehouse jobs soon

Fashion April 29, 2024 • Comments off

Scott Anderson, director of Amazon Robotics Fulfillment, said current technology is at least 10 years away from fully automating the processing of a single order picked by a worker inside a warehouse.”There is a fallacy in the initial understanding of ‘Are we going to be a lights-out fulfilment network in the next few years?'” Anderson said during a tour of Amazon’s Baltimore warehouse for journalists on Tuesday.

For example, he said, the technology for a robot to pick a single product from a bin without damaging other products or picking multiple products at the same time in a way that could benefit the e-commerce retailer is years away.Anderson said Amazon is exploring a variety of technologies to automate the process of packing merchandise into boxes but it could take a decade …

Denim market expected to slow down in 2023

Fashion April 28, 2024 • Comments off

According to a recent study by the consulting firm Coresight Research, denim sales are expected to grow by only 6% in the United States this year, against an increase of 18.8% in 2021, and even decelerate in 2023.Inflation, the recent overconsumption for this type of product, but also changes in clothing habits, with a preference for more casual items with the advantage of being more comfortable, such as leggings, explain this decline.

“European and American consumers have an average of four to six pairs of jeans in their wardrobes, with some differences between countries, with Italians and Americans being the most well-stocked with an average of six pairs. We note, that nearly half of consumers (and even more than half in Germany, Italy and the United States) declare themselves…

Avon completes sale of Chinese manufacturing facility

Fashion April 28, 2024 • Comments off

TheFaceShop has acquired all of the shares of Avon’s beauty manufacturing operation in Guangzhou, China. The pre-tax net proceeds to Avon are approximately $47 million.Following the agreement made between the two companies in January, the Guangzhou factory will manufacture products for Avon’s Chinese business and other markets. Avon’s associates at the facility will remain with the operation.

The sale marks another step in Avon’s “Open Up” transformation plan, a strategy that prioritizes building partnerships with local manufacturing and delivery entities in Asia and other regions around the world. “The more local structure better fits our purpose and better positions us to grow in China and the wider Asian market,” said Jan Zijderveld, chief executive officer of A…

Bangladesh boosts protections for garment workers, says trade union

Fashion April 25, 2024 • Comments off

Poor working conditions and low wages have long been a concern in Bangladesh’s garment industry, which suffered one of the worst industrial accidents in 2013, when more than 1,100 people were killed in the collapse of the Rana Plaza complex.The Bangladesh Accord is a legally-binding agreement between global brands and trade unions to establish a fire and safety programme for the country’s $28 billion a year textile industry.

The accord runs to May 2018, but the government has agreed for it to continue beyond that date until a national regulatory body is ready to take over monitoring, a trade union said Tuesday.“A goal of the accord has always been to transition to a credible regulatory regime by the Bangladeshi government,” said Christy Hoffman, Deputy General Secretary of…

Fewer luxury shoppers but bigger spenders as Chinese return to Europe

Fashion April 25, 2024 • Comments off

That may matter less to the bottom line of luxury firms than previously thought, although brands and investors are struggling to get a handle on the Chinese consumer recovery as domestic and overseas shopping habits shift after three unusual pandemic-hit years.When it comes to high-end shopping overseas, retail industry executives and analysts say it may be more important to consider the type of Chinese visitors to Europe rather than just the numbers.

Air ticket prices from China to Europe are up to 80% more expensive than pre-pandemic, according to travel data firm ForwardKeys, and the number of travellers over the May holiday period was 64% lower than in 2019. Those trickling back to Europe are mostly business travellers and wealthier people who have the means to travel “a bit d…

Kanye West files trademark for Yeezy beauty product expansion

Fashion April 24, 2024 • Comments off

The musician and fashion mogul filed earlier this month for a Yeezy trademark that would potentially span a wide range of beauty and skincare products, according to TMZ. The full list of products includes makeup, false eyelashes, facial masks, nail polish, moisturizers, bath gels, body oils, shaving cream, hair care products, and perfumes. The filing also listed some hygienic products like toothpaste and deodorant, and even scented pine cones and aromatherapy pillows. คำพูดจาก สล็อตเว็บตรง

With a foray into beauty, West would be following in the footsteps of his wife Kim Kardashian and most of the Kardashian-Jenner clan. Kim has previously successfully launched the…

Italy fines Amazon record $1.3 billion for abuse of market dominance

Fashion April 24, 2024 • Comments off

Amazon said it “strongly disagreed” with the Italian regulator’s decision and would appeal.Global regulatory scrutiny of tech giants has been increasing after a string of scandals over privacy and misinformation, as well as complaints from some businesses that they abuse their market power.

As well as Amazon, Alphabet’s Google, Facebook Inc, Apple Inc and Microsoft Corp have drawn heightened scrutiny in Europe.Italy’s watchdog said in a statement that Amazon had leveraged its dominant position in the Italian market for intermediation services on marketplaces to favour the adoption of its own logistics service – Fulfilment by Amazon (FBA) – by sellers active on Amazon.it.The authority said Amazon tied to the use of FBA access to a set of exclusive benefits, including the Prime labe…

Première Vision reveals textile, leather production barometer

Fashion April 20, 2024 • Comments off

Première Vision’s two barometers compared the changes in production volumes for Première Vision exhibitors in 2015, to that of the overall textile and leather market, a figure obtained by Unido and published by the United Nations.Over the last year, textile quantities produced by Première Vision exhibitors increased 2.1%, close to the 2.8% recorded by Textile World Production. By economies, exhibitors from emerging markets claimed an increase of 9.8%, compared to a market gain of 4.2 %, while exhibitors hailing from mature economies noted a 1.6% gain, compared to a 1.1% dip across the whole developed market. Asian exhibitors, meanwhile, witnessed a 5.9% increase in 2015, as production slumped in Europe, down 2.8 %.

“It’s important, however, to interpret the figures because, acr…

Standard Life Aberdeen to toughen engagement process after Boohoo scandal

Fashion April 19, 2024 • Comments off

Boohoo’s shares slumped in July after allegations that workers were being paid less than the minimum wage at some of the company’s suppliers.Boohoo in September accepted all the recommendations of an independent review, which found several failings in its supply chain.คำพูดจาก เล่นเกมสล็อตออน

Standard Life Aberdeen, which had previously been one of Boohoo’s largest investors, subsequently sold out after describing the company’s response to the allegations as “inadequate”.Aberdeen Standard Investments’ Global Head of Stewardship Euan Stirling said the experience had been “painful”, particularly after his team had engaged heavily with Boohoo.”What we had been doing o…

Related Posts