Hugo Boss to close down Italian leather goods factory and delocalise
Another employee, the 22nd, is on their way out as their contract is expiring, so that the factory’s entire, highly qualified workforce will effectively be laid off….
Discount retailers’ sales rebound with anxious shoppers seeking deals
Even with holiday-spending growth seen slipping to a five-year-low, off-price retailers TJX Cos., Ross Stores Inc. and Burlington Stores Inc. are set to post higher sales in…
H&M, C&A lead new Fashion Transparency Index, Gucci is top luxury brand
Fashion Revolution’s annual list has named H&M as the highest-scoring brand with 73% out of 250 possible points “as it publishes detailed information about its supply chain…
Indian diamond prices increase thanks to US, China demand
As the Christmas holidays and Chinese New Year approach, demand for Indian diamonds is again on the increase. Ashok Gajera, the Managing Director of Laxmi Diamond, a…
50% e-shoppers engage in cross-border e-commerce, say reports
Apparel is one of the categories with highest demand in cross-border e-retail across the world, says the Global Cross-Border B2C E-commerce 2017 report by yStats.Delivery and shipping…
India cotton exports drop on thin supply pushing prices higher
The freeze in Indian export will prompt Brazil, Australia and United States to raise shipments and has pushed global prices to near their highest since August.The price…
Lululemon’s SP 500 addition stands to bolster stock domination
The stock rose as much as 10%, its largest intraday gain in more than four months, after an announcement Friday that the company will join the major…
Japan March household spending slumps
Wage earners’ income slid 3.8 percent in March, posting the third straight month of falls, in a sign firms remain wary of raising pay despite reaping record…
LVMH boosts its environmental commitment, emphasizing sustainable supplier practices
This new program aims to implement a series of targeted actions that focus on reducing the upstream or downstream impact of the supply chain. Dubbed ‘Life 360…
Mercosur- European textile, leather, footwear and cosmetics industries demand free trade
The joint appeal has been signed by key players such as Euratex (European Apparel and Textile Confederation), Cotance (European Confederation of the Leather Industry), CEC (European Confederation…