Amazon threat looms large for retailers Amazon’s continued encroachment into the apparel retail space will step up a gear in 2018, with traditional department stores facing Read More »
Fresh funding for yarns-from-seaweed business 27th November 2018 No Comments NEW YORK – AlgiKnit, a biomaterials company which is developing yarn spun from kelp, has announced a US$2.2m Series Seed round of financing led by Read More »
Boohoo tells MPs about loss-leader £5 dresses 27th November 2018 No Comments LONDON – Online apparel brand Boohoo is selling some dresses at a loss to drive website traffic. Carol Kane, joint CEO of Boohoo, explained the Read More »
“Price issue is getting worse” … RMG factories speak out 27th November 2018 No Comments DHAKA – Bangladeshi garment suppliers are still being driven down on price by apparel brands and retailers – but some brands take a more enlightened Read More »
H&M closes down Cheap Monday 27th November 2018 No Comments STOCKHOLM – Swedish fast fashion brand H&M is to close down its Cheap Monday skinny jeans brand amid declining sales and profits. The brand operates Read More »
Is China’s sustainable viscose ‘roadmap’ greenwash? 27th November 2018 No Comments LONDON – A new report claims Chinese viscose factories which have signed up to a high-profile industry sustainability initiative are continuing to violate government regulations. Read More »