A significant blow struck the local company BEXIMCO Ltd. during the first half of the 2023–24 fiscal year, when sales fell by an astounding 64%, or Taka 2,500 crore. This is in line with reports, which also stated that although the company’s financial report states that goods worth Taka 1,441 crore were sold in the …
BEXIMCO Ltd. of Bangladesh reports a sharp 64% decline in H1 performance Read More »
To promote sustainable design, Swedish clothing store Kappahl has revealed its first collection of clothing with Digital Product Passports (DPP). Part of the Trace4Value project, which aims to improve sustainability through product transparency and is headed by Trust4Value, is this endeavor. The Göran children’s pants and the Olle children’s jumper are two pieces from Kappahl’s …
The first-ever textile digital product passport is released by Kappahl and Trace4Value Read More »
Swedish fashion retailer H&M is under pressure to show investors that it can turn things around and withstand fierce competition from fast-fashion competitors like China-founded SHEIN, which is about to go public in 2024, and Zara, whose sales are rising. H&M aims to attain an operating profit of 10% by the end of 2024. In …
H&M’s profit goal is in the spotlight as cost-cutting efforts pick up steam Read More »