Daily Newsletter

31 October 2023

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Daily Newsletter

31 October 2023

Share with colleague
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Spotlight

China fashion market seeks to diversify as Xinjiang takes its toll

The US Xinjiang-related Uyghur Forced Labor Prevention Act is impacting China's fashion exports market with manufacturers now hoping to diversify within China itself and elsewhere.

Latest news

Factory closures loom as unrest grips Bangladesh’s garment sector

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has instructed its members to close factories to protect both workers' lives and factory properties after the death of two garment workers and a factory fire.

31 October 2023

Co-branded Shein, Forever 21 range aims to reduce inventory waste

US-based Authentic Brands Group announces a long-term agreement with fast fashion giant Shein for its fashion brand Forever 21.

31 October 2023

Signal: The Very Group invests in AI to boost future revenue

As mentions of AI in company filings data surge, online retailer The Very Group is hoping its investments in the technology will convert online browsers into paying shoppers and boost its revenue in the coming years.

31 October 2023

Inditex integrates Circulose fibres into fashion supply chain

Spanish fashion conglomerate Inditex is acquiring the first available 2,000 tonnes of Circulose, which is obtained entirely from recycled cotton textile waste, to drive its commitment of only using textile raw materials and lowering its impact on the environment by 2030.

31 October 2023

Nike among backers in clean energy project to decarbonise supply chains

In what is being called an industry first, leading corporate energy customers came together to launch the Clean Energy Procurement Academy to equip companies with the technical readiness to explore and adopt clean energy, an essential factor in global decarbonisation.

31 October 2023

Lindex partners Infinited Fiber for textile-to-textile fibre supply

Swedish fashion retailer Lindex has entered a long-term commitment with Finnish Infinited Fiber Company and its patented fibre Infinna in furthering its commitment to circularity.

31 October 2023

Steve Madden acquires fashion brand Almost Famous

Footwear, apparel and accessories brand Steve Madden has purchased womenswear designer, marketer and brand Almost Famous in a $52m cash deal.

31 October 2023

Traditional AI is here to stay in the retail and apparel space

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.