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UK retail sales rose by 0.5% in August, according to the Office for National Statistics (ONS), with clothing sales partially recovering after promotional activity in June pulled sales forward from July.
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India and China have strongly pushed back against a US bill allowing tariffs of up to 100% on imports from countries that increase their purchases of Russian crude oil or natural gas, as apparel trade experts warn of greater sourcing uncertainty and call the measure a “mistaken strategy”.
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Auction-based marketplace BuyWander has completed a $21m Series A funding round, increasing its total capital raised to $28m.
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Non-profit organisation Global Standards has launched the Global Responsible Textile Standard (GRTS), a new voluntary framework for certifying the processing of textiles made from a wider array of fibres than previously covered by its existing standards.
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