November 2023

A BBC investigation claims that Boohoo puts pressure on suppliers to lower pricing

A BBC investigation claims that Boohoo puts pressure on suppliers to lower pricing

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According to an undercover BBC Panorama investigation, Boohoo has not lived up to its commitments to produce its clothing properly. The fast fashion behemoth is allegedly forcing suppliers to lower costs even after agreements have been reached. At the company’s Manchester headquarters, an undercover reporter claimed to have observed evidence of workers pressuring suppliers to …

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80 stores are destroyed by a fire in Bangladesh's textile market reports

80 stores are destroyed by a fire in Bangladesh’s textile market: reports

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At least eighty stores were reduced to ashes in the recent tragic fire that destroyed the largest wholesale textile market in Bangladesh, Baburhat, in Narsingdi. The fire broke out near the Baburhat Merchants Association office as eleven fire units arrived on the scene in record time in response to the emergency. Three hours of nonstop …

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Shopify sellers look to AI to help with important sales choices

Shopify sellers look to AI to help with important sales choices

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Shopify needs to demonstrate to investors that its AI products will spur growth when it publishes results, only one week after the e-commerce behemoth Amazon announced that it is providing new generative AI advertising capabilities to its merchants this holiday season. According to projections from the London Stock Exchange Group (LSEG), Wall Street projects a …

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Partnership of the Year Award is won by the RUDI alliance, CottonConnect, and Primark

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At the Reuters Responsible Business Awards 2023 ceremony in London, Primark, CottonConnect, and RUDI—a division of the female farmers’ organization Self-Employed Women’s Association (SEWA)—won Partnership of the Year for their partnership in implementing the Primark Sustainable Cotton Programme (PSCP). Eleven contenders were in the Partnership of the Year category. The awards recognize collaborations and initiatives …

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Beginning tomorrow, the three-day Leathertech Bangladesh 2023 will take place

Beginning tomorrow, the three-day Leathertech Bangladesh 2023 will take place

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The three-day Leathertech Bangladesh 2023 event, which gets underway tomorrow at the International Convention City Bashundhara in the nation’s capital Dhaka, is a momentous occasion. This will be the eighth iteration of the international trade fair, which is organized by ASK Trade & Exhibitions Pvt. Ltd. and is centered on machines, parts, chemicals, and accessories …

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Concerns are expressed by the UK's FCA on the tendency of its citizens to "Buy Now Pay Later."

Concerns are expressed by the UK’s FCA on the tendency of its citizens to “Buy Now Pay Later.”

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A major change in customer behavior concerning “Buy Now Pay Later” (BNPL) services has been revealed by the Financial Conduct Authority (FCA), which oversees financial services companies and the financial markets in the United Kingdom. According to a survey by the FCA, during the six months preceding January 2023, 27% of adult UK citizens—or around …

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Vince announces a US$30 million cost-cutting initiative to improve productivity

Vince announces a US$30 million cost-cutting initiative to improve productivity

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Vince Holding Corp. revealed its strategic transformation program aimed at streamlining operations and reducing costs by more than US $ 30 million over the next three years. The New York-based fashion brand is focused on improving its gross margin profile and driving cost efficiencies through various measures. This initiative includes streamlining manufacturing and production operations, …

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