Boohoo slashes supplier list, admits ‘clearly unacceptable’ supply chain issues

The bottom line is that Boohoo has slashed the number of suppliers to 78 approved factories in 100 locations, down from an estimated 200 main manufacturers.That reduction comes after the majority of its suppliers were audited twice by two independent companies via unannounced visits over the last eight months. Boohoo said the resulting review had identified “many failings, alongside recommend…

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Cole Haan delay IPOs amid coronavirus jitters – sources

The company made the decision after the S&P 500 Index lost close to 12% of its value last week, the fastest such correction on record. Such volatility makes it difficult for IPO underwriters to find steady demand for a company’s shares.Cole Haan, along with Warner Music, which has also reportedly cancelled its IPO, had hoped to communicate to the market their targeted price ranges for its share…

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Complimentary toiletry kits, a booming market for French producer GM

French group GM is a leader in the hotel complimentary products industry. The company was founded in 1988 by Georges Marchand and is now run by his two sons. In 2017, it generated a revenue of €55 million, up 8% over the previous yearคำพูดจาก สล็อตเว็บตรง. In 2018, it is expe…

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Gucci, Facebook file joint lawsuit against alleged counterfeiter

The initiative, a first of its kind for both Gucci and Facebook, is the latest example of an Internet giant joining forces with a luxury label to fight the proliferation of counterfeit goods being sold via social media.Amazon has filed similar lawsuits over the past year with Valentino and Ferragamo.คำพูดจาก

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Lifeblood of Amazon merchants threatened as coronavirus infects Chinese workers

Brandon Young, who pulls in more than $10 million in annual revenue from the online marketplace, has a 30-45 day supply of portable Apple Inc watch chargers that could be difficult to replenish because they are built from genuine Apple components that are exclusively made in China.Plugable Technologies founder Bernie Thompson says he could run out of his top-selling triple display laptop dockin…

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LVMH partners with Canopy on sustainable fashion initiative

As part of European Green Week, the partnership will support Canopy’s ‘Pack4Good’ (packaging) and ‘CanopyStyle’ (fashion) initiatives, which work in partnership with brands to change supply chains, save forests, and bring alternative ‘Next Generation Solutions’ from the margins of the marketplace to the mainstream.As part of LVMH’s commitments, it will ensure its supply chains for paper, pa…

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Millennials and global consumers push U.S. companies to get political

Georgia’s decision last month to strengthen identification requirements for absentee ballots and make it a misdemeanor to offer food and water to voters waiting in line, among other changes, drew condemnation from many U.S. companies this week, including Microsoft Corp and Citigroup.A number of companies say it disenfranchises some voters. Some, such as Delta Air Lines and Coca-Cola Co., are …

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Now, digital knitting machine for personalised clothing

Kniterate has hundreds of needles that are computer controlled to create loops, which combined create knitwear.  The products can be made ready to use, like scarves and beanies, or may require assembly, like a sweater.  Kniterate is the brainchild of Gerard Rubio, who four years ago started OpenKnit, an open-source knitting machineคำพูดจาก Read more

Moody’s revises US apparel industry profit growth to 3-5%

Most US clothing and footwear companies are still feeling the pressure from a strong dollar and weak retail traffic, factors that will result in a soft first-half of 2017, when the majority of growth will be powered by Nike, Inc, the report says.”Our forecast for US apparel and footwear makers’ operating profits this year for the most part reflects easy comparisons with a difficult 2016,” said …

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Poland’s top clothing retailer invests in automation, logistics as higher wages bite

Poland’s ruling nationalist Law and Justice (PiS) party plans to increase the minimum monthly wage to 4,000 zlotys ($1,038.07) by the end of 2023, almost double its 2019 level, starting with a rise of over 15% to 2,600 zlotys in 2020. Poland’s economic growth of around 3% is adding to wage pressure.“I do not want to say that the minimum wage increase will result in higher prices, but we a…

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