NEW YORK – US retailer JC Penney recently awarded executives US$7.5m in bonuses despite the fact the company is teetering…Read the full story… Execs at ailing JC Penney net US$7.5m bonuses
ETI dithers over poor conduct of members
LONDON – The Ethical Trading Initiative (ETI) has hidden behind “internal processes” in response to calls for it to expel…Read the full story… ETI dithers over poor conduct of members
UK retailers want clarity on store openings
LONDON – British retailers have demanded clarity from the UK government over when physical stores can reopen. The UK Government…Read the full story… UK retailers want clarity on store openings
Sourcing expert questions SAC’s relevance
LOS ANGELES – A leading global apparel sourcing expert has questioned the continued relevance of the Sustainable Apparel Coalition in…Read the full story… Sourcing expert questions SAC’s relevance
Andrew Olah: “Our industry has been infected”
NEW YORK – Kingpins Show founder, Andrew Olah, has called for major changes to global apparel supply chains which, he…Read the full story… Andrew Olah: “Our industry has been infected”
Zalando set to buck market in 2020
BERLIN – German online fashion retailer Zalando said it expects to buck broader market trends and achieve double-digit growth in…Read the full story… Zalando set to buck market in 2020
Trade ‘muted’ in reopened H&M stores
STOCKHOLM – Fast fashion giant H&M has offered an interim financial update which highlights the dramatic impact of Covid-19 on…Read the full story… Trade ‘muted’ in reopened H&M stores
Bestseller suppliers face 90-day payment delays
COPENHAGEN – Danish retailer Bestseller, which owns the Jack & Jones brand, is imposing retrospective price reductions, order cancellations, and…Read the full story… Bestseller suppliers face 90-day payment delays
“Nowhere to go” for used clothing as markets dry up
LONDON – Mountains of used clothing is heading to landfill and incineration as global second-hand clothing markets grind to a…Read the full story… “Nowhere to go” for used clothing as markets dry up