Mastercard joins forces with major apparel companies to pilot digital payments for garment factory workers
Pilots for the scheme are currently being coordinated by Mastercard and its partners in Egypt and Cambodia. Through the new system, participating factories will be able to…
Luxury spend within China to soar says Boston Consulting
That forecast comes on the back of affluent mainland Chinese shoppers getting back into a spending frame of mind post-pandemic. But there’s worse news for luxury more…
H&M is making progress in its sustainable fashion quest
The figure was announced as part of the fashion conglomerate’s new ‘Sustainability Report,’ which summarizes its progress towards promoting a circular fashion industry.A huge factor in the…
H&M, KappAhl and Lindex to start charging for bags in Sweden
From 1 June, the three fashion brands will start charging for all plastic bags in store, with the surplus from these sales going to different charities and…
Love Island links with eBay for more sustainable approach to fashion
Fast-fashion retailer Isawitfirst has been the sponsor of Love Island for the past three years.This change really is a key move as we’ve already seen in previous…
Samsung calls off collaboration with knock-off Supreme brand in China
The announcement was made on Chinese social media website Weibo with a post which has been translated by Engadget as saying, “Samsung Electronics had previously mentioned a…
Mauritius textiles export earnings to shrink 10% post-Brexit
“Quantity wise, there will be a drop of 10% in our exports to the UK as a consequence of the fall in consumerism level in UK coupled…
New report shows consumer appreciation for retail is on the rise
The ACSI Retail Report 2016 on department and discount stores, specialty retailers, drug stores, supermarkets, gas stations, and internet retail is based on interviews with 12,515 customers,…
Britons seek low prices, switch to discount stores says Barclaycard
This particular retail segment bounded ahead in yet another sign of the weakness of the UK economy and how consumers always turn to retailers offering value when…
Ocado nabs spot in FTSE 100 as traditional retailers shrink
Ocado was promoted from the mid-cap FTSE 250 to the FTSE 100 in a quarterly reshuffle by index provider FTSE Russell that also saw bookmaker GVC promoted.Ocado’s…