Egyptian cotton exports to China surge as China spinners avoid Xinjiang fibres
Chinese textile and clothing manufacturers are increasingly relying on Egyptian cotton due to the US ban on Xinjiang cotton.
14 September 2023
14 September 2023
Chinese textile and clothing manufacturers are increasingly relying on Egyptian cotton due to the US ban on Xinjiang cotton.
A proposal for US sportswear brand Nike to issue an assessment of its supply chain due diligence was not approved at its annual meeting of shareholders.
Polish brand, Pepco Group N.V., which counts Poundland among its portfolio has announced its CEO Trevor Masters is stepping down with immediate effect.
Inflation has continued to weigh heavy on UK department store John Lewis & Partners’ bottom line, despite a modest uplift in its fashion sales.
A new scoring system assessment by the Better Buying Institute reveals a significant positive correlation in commercial compliance among global brands and retailers.
US retailer Macy's, Inc. joins sustainable cotton programme, the US Cotton Trust Protocol (Trust Protocol), to bolster its efforts of sustainably sourcing over 50% of its private brand cotton products by the end of 2023.
German footwear company, Birkenstock will trade on the New York Stock Exchange under the symbol Birk, after filing for a US IPO.
Swedish fashion retailer H&M (Hennes & Mauritz) is introducing 'pre-loved', a new concept offering second-hand garments from a range of brands and designers not limited to H&M Group to its customers in its bid to support a more circular fashion industry.
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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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