03 January 2025
03 January 2025
Following the rejection of its proposed nominees at Boohoo Group’s general meeting on 20 December 2024, UK retail conglomerate and Boohoo shareholder Frasers Group has confirmed it will propose an alternative board candidate in due course.
Nearshoring and domestic production offers a chance to rethink apparel sourcing strategies, and balance cost efficiencies with sustainability and equity, however the path forward isn’t clear-cut, writes Gherzi Textil Organisation partner Robert P. Antoshak.
India has a significant opportunity to tap into new markets and drive sustainable growth in 2025 as it redefines its dual role within the global apparel supply chain.
UK fashion retailer QUIZ has reported a group revenue decline for the six-month period ending 30 September 2024 due to the impact of inflationary pressures and stiff competition from the likes of Shein.
A report suggests technological upgrades in Bangladesh’s ready-made garment (RMG) sector have resulted in a 30.58% reduction in overall employment, predominantly affecting entry-level positions such as helpers.
UK retailers face the prospect of lower consumer spending in early 2025 as sentiment about the economic outlook worsens, with consumer confidence dropping by eight points to -27, according to British Retail Consortium (BRC) and Opinium data.
Worker rights organisation aimed at empowering women in the garment sector, RISE, has reached a milestone of 400,000 workers.
December's drop in consumer presence across UK retail venues made 2024 the second year retail foot traffic declined overall.
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