11 September 2023
11 September 2023
Last week resembled a traceability hat-trick with three companies announcing plans to incorporate digital product passports within their operations.
WHP Global’s acquisition of denim label G-Star Raw could pave the way for an ambitious global expansion and the brand’s resurgence after its financial crisis in recent years, according to an industry expert.
Data from digital wholesale platform Joor reveals that the global unisex fashion category has grown 46% since 2022.
The National Retail Federation (NRF) chief economist, Jack Kleinhenz indicates that while the US economy continues to expand, recent data suggests a noticeable slowdown in its momentum.
Fashion industry players, the American Circular Textiles (ACT) group, PoliticallyInFashion, Rebecca Ballard Advisory, Transparentem, and TS Designs jointly hosted a congressional briefing aimed at informing congressional staff about crucial issues in the fashion industry and exploring potential solutions.
Walmart Foundation grants $1.2m to US non-profits Goodwill Industries International and Accelerating Circularity to recycle unsellable textile donations and promote a circular economy.
Research initiative Mapped in Bangladesh (MIB), which aims to create the first map of the country’s export-oriented ready-made garments industry, names its advisory board.
A non-profit organisation working to stop child labour in global supply chains, GoodWeave, shared that its founding CEO Nina Smith will be stepping down after having led the organisation for the last 24 years.
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Initially, retailers used AI for basic tasks, including inventory management and demand forecasting. However, its usage has now become more prevalent in other aspects such as personalized marketing, customer service, pricing optimization, and supply chain management. With the rise of ecommerce and the increasing importance of data-driven decision-making, AI adoption in retail and apparel has accelerated. The industry now relies on AI to enhance the shopping experience, optimize business operations, and gain an overall competitive edge.
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