21 November 2023
21 November 2023
Anticipation grows ahead of the 28th United Nations Climate Change Conference (COP28) in the United Arab Emirates and the apparel sector is desperate to try and shake off its reputation as being one of the most polluting industries.
Following concerns over Bangladesh's minimum wage decision for garment workers, Fair Wear Foundation's executive director Alexander Kohnstamm says fashion brands should show suppliers they are making responsible sourcing decisions and will stay in the region.
Cambodian human rights organisation, the Cambodian League for the Promotion and Defense of Human Rights (LICADHO), is collaring international garment brands sourcing from Cambodia to bear the responsibility for tackling pre-consumer waste "responsibly" and take action to "end and remedify" the harms caused.
The Programme for the Endorsement of Forest Certification (PEFC) tells Just Style fashion brands are not advertising their certifications on labels, which is "a "real missed opportunity" for the many brands that are using forest-sourced materials in their supply chains.
A coalition of organisations like the engineering and technology company Technip Energies, US fashion brand Under Armour and software solutions company IBM, have launched an innovative company called Reju, focused on creating new solutions at scale for plastic fibre waste from textiles that end up in landfills.
US apparel company Macy’s Inc. put up strong third-quarter numbers in the 13 weeks ended 28 October 2023 and looking beyond the holiday season, CEO, Jeff Gennette is confident about the company’s growth despite growing economic headwinds.
As Black Friday approaches, findings from the thirteenth edition of the Ernst & Young (EY) UK Future Consumer Index suggest that 35% of UK consumers expect to spend less during the upcoming festive season compared to previous years.
US retail giant Walmart is cautious as it reports 5.2% revenue growth in Q3 2024 and predicts weaker consumer spending over the holiday season.
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The global healthy snacks market will be valued at $74.6 billion in 2023 and is expected to grow at a CAGR of 6% by 2030, per GlobalData. Increasing awareness of health and wellness among consumers is the major contributor to the growing demand while a rise in vegan and plant-based diets and rising disposable income, and middle-class expansion are also expected to drive market growth. However, this growth is affected by the challenges posed by high cost of ingredients.
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