Evidence of red-hot inflation seeping into the American economy is sending a chill through investors after major U.S. retailers reported people are cutting back on buying bigger-ticket items as they just try to get by.
Kohl's Corp cut its full-year earnings forecast on Thursday, joining some of the largest U.S. retailers in warning that red-hot inflation is starting to erode profit margins and consumer spending power.
India's huge diamond-polishing industry has furloughed around 250,000 of its roughly two million workers because of sanctions on Russia hitting supplies, a trade union said Thursday.
UK-based threads manufacturer Coats has cut a number of domestic jobs and replaced other roles as part of its new global strategy. The move comes after the the company recently sold its Brazil and Argentina business,
A New York state agency has accused Amazon.com Inc in a complaint of discriminating against pregnant and disabled workers at its worksites, Governor Kathy Hochul said on Wednesday.
UK-based Pip & Henry is currently working on an expandable shoe system. The project, which has just received a £250,000 boost, aims to reduce the waste inherent in children's fashion.
Previously destined for a life in the trash, strawberry residue, tangerine peels, and carrot seeds are now part of the new olfactory palette of the fragrance world.
Supply chain management via technology is becoming a key element for brands to ensure their growth in an increasingly turbulent market.
Online resale platform ThredUp launched on Tuesday the results of its 2022 'Resale Report' revealing that secondhand shopping is becoming a global phenomenon led by North America.
Software-as-a-service e-commerce platform BigCommerce has been named as an official patron of the British fashion Council (BFC).
Turkish denim manufacturing giant ISKO has opened a product development centre in London, saying it’s the first of its kind in the UK. The centre for "responsible production" is called the Creative Room London.
Luxury fabric resale platform Nona Source has launched its first UK showroom at The Mills Fabrica in London. The platform re-values deadstock fabrics and leathers from LVMH Fashion & Leather Goods Maisons.
Nike has terminated its sponsorship deal with Russian Premier League club Spartak Moscow because they will not be taking part in European competitions next season, the company and the club said.
As digitalization develops, brands have produced increasingly more digital content and are facing new cost, organizational and brand image issues, as explained by experts at the e-P Summit.
Zara owner Inditex has signed an agreement worth more than 100 million euros to buy 30% of the recycled fabric to be produced by a Finnish company for three years in a push to use more sustainable materials.
