Clothing suppliers urged to capitalise on $908bn AI opportunity
Clothing suppliers could benefit significantly from the adoption of artificial intelligence (AI) in their businesses, as long as it is applied correctly.
Hannah Abdulla August 25 2023

25 August 2023
25 August 2023
Clothing suppliers could benefit significantly from the adoption of artificial intelligence (AI) in their businesses, as long as it is applied correctly.
Hannah Abdulla August 25 2023
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Intimate apparel company Ariela & Associates' (AAi) recent acquisition of intimate brand Parade will help to "rejuvenate" the brand’s image and strengthen its portfolio.
Canada's corporate ethics watchdog has alleged that Canadian arms of big fashion retailers like Walmart, Hugo Boss and Diesel have links to Uyghur forced labour in their garment supply chains.
Gap Inc has lowered its full year financial outlook after sales slowed in the second quarter (Q2).
Shein has struck a deal to acquire a third of Forever 21's US operator SPARC Group as it looks to boost its presence in the US market.
The Climate Corporate Data Accountability Act (SB 253) aligns with fashion groups’ previously announced THREADS protocol.
The US speciality retailer Abercrombie & Fitch Co (Abercrombie) says its second-quarter results are beyond its expectations, thanks to the "strong customer receptivity" of its brands and products, says CEO.
Urban Outfitters CEO Richard Hayne says the US retailer topped its “optimistic expectations” in Q2.
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As ecommerce experienced booming growth during the COVID-19 pandemic, retailers accelerated their digitalization strategies to keep up with demand. The cloud has become an important model for delivering and maintaining enterprise IT resources. Many retailers have developed in-house cloud divisions that will allow them to better exploit the cloud’s capabilities. However, for those players that do not have the necessary skills in-house, the cloud can pose some significant challenges.
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