04 December 2023
04 December 2023
From wars to earthquakes, protests and spend-shy consumers, 2023 has not been short of surprises in the fashion sector. And early signs suggest 2024 is likely to be as eventful.
UK fashion retail conglomerate Frasers Group has officially withdrawn its acquisition of Austrian sports retailer SportScheck following its insolvency but maintains interest in a potential buyout and has upped its stake in online retailer Boohoo once again.
US-based womenswear retailer Chico’s FAS shares results for Q3 2023 ‘in line’ with previous expectations ahead of its acquisition by Sycamore Partners.
Top fashion supply chain-related X posts this week range from outdoor brand Regatta's alleged prison ID in coat to President Biden's supply chain resilience plan.
Value retailer Primark will open up five news stores in the country, increasing the total number in Italy to 20.
New research shared by the blockchain and web3 solutions developer, Protokol, claims there is a surge in interest for the upcoming regulation mandating Digital Product Passports (DPPs), with its media coverage up 413% compared to the same period last year.
The Supply Chain Data Partnership (SCDP), of which Ordnance Survey is a member, has unveiled a proof of concept location register in time for COP28 that can enable verification of environmental and socially sustainable practices across every stage of the supply chain.
Global sustainability initiative Fashion for Good has launched a new toolkit based on its two-year Sorting for Circularity India project to help tackle textile waste and drive a more circular economy as well as a new textile recovery alliance that aims to position India as a leading next-gen textile solutions hub.
projected value growth rates, and their rising per capita expenditure.
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Global menswear market is expected to grow at a CAGR of more than 4% by 2027, as consumer confidence takes time to rebuild following inflationary pressures. The popularity of the resale market will also somewhat hinder menswear retail growth, as more shoppers will divert spend away from traditional retailers and brands to secondhand channels, in a bid to save money and protect the planet.
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