Top stories this week on just-style include a look at what artificial intelligence (AI) has to offer business decision-making in fashion retail, Gap Inc will compensate its suppliers in full for orders that were cancelled, and Honduran textiles and apparel manufacturer Grupo Elcatex has secured a US$96m loan to bolster production and exports. In other news, Quiz is investigating one of its Leicester-based suppliers and PVH is to cut 450 jobs and close its Heritage Brands Retail business.
AI in the fashion industry – The next big thing or one step too far?
Artificial intelligence (AI) is everywhere at the moment. Much of this is focused around data analytics – crunching business numbers at ferocious speed and as frequently as possible. It is being discussed in terms of its impact on business, employment and human rights across all industries. But in the context of fashion brands and fashion retail, what has it to offer business decision-making? asks Malcolm Newbery.
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Gap Inc to compensate suppliers in full for cancelled orders
US specialty apparel retailer Gap Inc says it will work collaboratively with its vendors to compensate them in full for finished goods and goods in production that were cancelled or subject to pack and hold.
Elcatex secures $100m loan to bolster Honduras production
The Inter-American Development Bank (IDB) has loaned US$96m to Honduran textiles and apparel manufacturer Grupo Elcatex to help it bolster production and exports.
Quiz latest to offload Leicester supplier amid “modern slavery” allegations
Quiz has launched an investigation into one of its Leicester-based suppliers, the second UK fast-fashion retailer to do so in under a week, after allegations of non-compliance with living wage requirements at its factories surfaced.
PVH to axe 450 jobs and close Heritage Brands Retail business
PVH Corp is to slash its North American corporate workforce by about 12% and exit its outlet store Heritage Brands Retail business as the group looks to align its operations in the region with the evolving retail landscape.
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