24 November 2023
24 November 2023
Introducing generative AI into inventory management systems is the next step for fashion retailers wishing to solve inventory problems, writes OMMAX’s VP of data science and data engineering, Dr Hardy Kremer.
Founder & CEO of Bangladesh Apparel Exchange, Mostafiz Uddin confirmed to Just Style he received a letter from H&M stating that the brand is increasing prices paid to garment manufacturers, keeping in-line with the recent rise of minimum wages in Bangladesh.
Brand management firm, Iconix International, has strategically forged a partnership with the global organisation, Batra Group and retailer JD Sports, and has ultimately assembled a powerhouse team to geographically expand the streetwear brand Hoodrich.
US clothing company, HanesBrands Inc. has announced three additions to its board of directors, welcoming Colin Browne, Natasha Chand, and John Mehas as independent directors, due to increasing pressure to fix its snowballed debt issues from investment firm Barrington who it has inked a strategic cooperation agreement with.
Technology company, Oerlikon and Swedish traceability firm, Haelixa have partnered to offer a solution for a comprehensive product traceability system to address the requirements laid out by the European Green Deal.
The womenswear label ba&sh has partnered with Nativa, a brand of the Chargeurs Luxury Fibers, for its Regenerative Agriculture Programme further strengthening its commitment to developing and financing regenerative agriculture projects.
Ahead of this year’s Black Friday sales event, American Apparel & Footwear Association (AAFA) joined representatives from US law enforcement at an Inside Sources event to warn consumers about the dangers of counterfeit fashion.
US speciality retailer, Nordstrom Inc. reported a 6.8% decline in revenue in its third quarter ended 28 October 2023 versus the same period in fiscal 2022, due to uncertainty and softening in consumer spending.
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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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