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Sustainability

Law making goods entering EU market more sustainable comes into force

The new regulation expands the Ecodesign Directive to enhance the circularity and energy efficiency of a broader range of products, bans the destruction of unsold textiles and footwear, and promotes transparency in waste reporting and sustainable public procurement.
Fibre2Fashion
July 22, 2024
Politics 

Washington, D.C.-Area Lululemon Stores Struck Repeatedly by Thieves

Washington D.C.’s police arrested two individuals for allegedly stealing thousands of dollars in merchandise from Lululemon stores, linking the thefts to organized crime. Lululemon reported over $36,000 in merchandise stolen in July and later closed its 14th Street store, though it didn't confirm if the closure was due to the thefts.
Sourcing Journal
July 24, 2024
Economy

Luxury Brands Need Better Due Diligence Across Their Value Chains

Supplier forms and codes of conduct alone can't guarantee human rights compliance in luxury fashion. Brands need robust due diligence, including third-party verification and Human Rights Impact Assessments.
Sourcing Journal
July 22, 2024
Economy

Bangladesh Garment Sector Losing $150M a Day as Curfew, Communications Blackout Drag On

Bangladesh's garment industry is losing $150 million daily due to protests, curfews, and factory closures. The unrest has caused 150 deaths and 1,600 injuries, shaking international confidence. The government is easing curfew rules and repairing communication infrastructure to restore stability.
Sourcing Journal
July 23, 2024
DR-CAFTA

As Apparel Makers Move Work From China to Central America, Jobs Could Dent Migration Crisis

Central America is emerging as a key apparel manufacturing hub, producing clothing for major U.S. retailers. This shift, known as "nearshoring," not only benefits the U.S. politically and economically but also helps curb migration by creating jobs.
Pulitzer Center
June 12, 2024
Sustainability

PepsiCo & Yara team up for sustainable farming in Europe

PepsiCo Europe and Yara are teaming up to cut carbon emissions with low-carbon fertilizers, starting with potatoes. Yara will provide up to 165,000 tons of these fertilizers annually by 2030, supporting both EU climate targets and PepsiCo’s net-zero goal.
Fibre2Fashion
July 22, 2024
Politics 

LS&Co.’s DE&I Efforts Moving in a Positive Direction

Levi Strauss & Co.'s 2023 DE&I report highlights increased diversity, with women at 56.8% of the workforce and improved representation of Black and Hispanic/Latinx employees. The report shows high employee satisfaction and a strong commitment to inclusion.
Sourcing Journal
Economy

EssilorLuxottica acquires VF Corp’s Supreme in $1.5bn deal

While unsurprised at VF Corp's move to offload the Supreme brand, industry onlookers have been taken aback by the "unexpected buyer," adding motivations behind an eyewear specialist group acquiring a "hip" streetwear brand are unclear.
Just Style
July 18, 2024
Economy

ICE cotton faces bearish trend amid slow demand, weaker factors

ICE cotton fell amid weak demand. US cotton hit a low but held at 70 cents. A stronger dollar increased costs for foreign buyers, while cheaper oil made polyester less costly.
Fibre2Fashion
July 23, 2024
Economy

Brazilian cotton prices fluctuate, climb 4.17% in mid-July

In mid-July, domestic cotton prices varied with a 4.17% rise in the CEPEA/ESALQ Index. Export prices fell slightly, and CONAB expects a 16.9% increase in Brazil's cotton planting area for 2023-24.
Fibre2Fashion
July 19, 2024
Sustainability

89% of Fashion's Plastic Waste Comes from Synthetic Apparel, 40% of Waste a Result of Improper Management

A new study has found that synthetic apparel is by far the largest source of plastic waste. The synthetic value chain accounted for 18 million tonnes of waste in 2019, making up 89% of all plastic waste from the global apparel industry that year.
Texfash
July 19, 2024
Economy

Lucky Brand to Launch Workwear This Fall

Lucky Brand is launching a workwear line this fall, partnering with Velocity Global Brands.
Sourcing Journal
July 22, 2024

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