International

Popularity of gift cards with a fashion theme is rising

According to the Gift Card & Voucher Association (GCVA), the second half of 2023 saw a 7.4% increase in gift card and voucher sales in the UK on a like-for-like basis, “demonstrating robust growth in the market despite a backdrop of a difficult year for the UK economy.” According to the body’s investigation, which was …

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Innovations in technology will propel business at DS Printech China in 2024

The local digital and screen-printing markets are expected to grow further due to the growing need for personalized and high-quality printing solutions. This presents potential for both domestic and international businesses. DS Printech China, Asia’s leading digital and screen-printing platform, is rapidly approaching exhibitor registration. It will be held from November 11–13, 2024, at the …

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In the BBPI 2024 assessment, the apparel and footwear industry receives the highest partnership score

Based on information published by the Better Buying Institute, buyer-supplier partnerships have improved dramatically in the apparel and footwear sector since last year. In the 2024 Better Buying Partnership IndexTM Report, suppliers involved in global supply chains can evaluate the quality of their business partnerships with their brand, retailer, and other purchasing clients anonymously. Among …

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Prada Group joins the Fashion Task Force of the Sustainable Markets project

The Sustainable Markets Initiative’s Fashion Task Force, led by digital entrepreneur and pioneer of sustainable fashion Federico Marchetti, has welcomed Prada Group as a new member. Founded in 2021, the Fashion Task Force aims to accelerate the fashion industry’s transition to a more sustainable future through proactive programs. As a member, Prada Group will help …

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According to BRC, there are 1,300 retail crimes in the UK every day

According to a recent report released by the British Retail Consortium (BRC), there are now 1,300 instances of violence and abuse every day in the UK against retail workers. According to the organization’s analysis, this amounted to a 50% increase in the incidence of retail violence for the years 2022–2023. Furthermore, throughout that same period, …

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Under Armour of the US debuts dual-mode footwear

Presenting Under Armour’s newest version of dual-mode sneakers made for every mode: the UA SlipSpeed Mega. With performance solutions that athletes never knew they needed but now can’t imagine live without, Under Armour hopes to inspire athletes. UA set out to create a multipurpose shoe that could become what the athlete needed it to be, …

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Brands from Kering are removed from Farfetch

To stop its portfolio brands—Saint Laurent, Gucci, Bottega Veneta, and Balenciaga—from being listed on the marketplace for purchases that are dispatched straight from the brands’ separate warehouses, Kering has ended its business relationship with Farfetch. According to rumors, Farfetch plans to provide premium goods on its website as a workaround and won’t be working directly …

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Large seasonal drops in apparel and footwear prices are observed in Germany in January

The Federal Statistical Office (Destatis) reports that in January of this year, Germany’s consumer price index (CPI)-based inflation rate was 2.9%. In December of the previous year, it was 3.7%, and in November, it was 3.2%. In January, there was a monthly increase of 0.2% in consumer prices (MoM). In June 2021, inflation was 2.4%, …

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Puma and Scuderia Ferrari of Germany introduce their 2024 replica line

We are excited to present the newest Scuderia Ferrari Replica Collection for the 2024 Formula One season, collaborating with Global Sports Company PUMA and Scuderia Ferrari. The Scuderia Ferrari Replica Collection pays homage to the vivid colour of Modena’s history by boldly integrating yellow, a nod to the team’s rich past and the city’s history. …

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BEXIMCO Ltd. of Bangladesh reports a sharp 64% decline in H1 performance

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 …

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