Regain app promotes circular economy in fashion

2018/04 22 05:04

Courtesy: Regain An app for recycling of unwanted clothing, 'Regain' launched in the UK, promotes circular economy in fashion. This helps consumers turn unwanted clothes in discount coupons for leading retailers in the UK, helping to divert tonnes of unwanted clothing from going to landfill. Digital consumer take-back programme is a significant step towards sustainability. […]

Uganda yet to exploit AGOA benefits: US envoy Malac

2018/04 22 05:04

Uganda is yet to take full advantage of the Africa Growth and Opportunity Act (AGOA) benefits, US ambassador to the nation Deborah Malac recently said. Blaming absence of an AGOA strategy as a key bottleneck, Malac said Uganda is yet to overcome that even under AGOA’s second phase renewed three years ago. Talks are under […]

Vietnamese cloth firms need better HR management: Experts

2018/04 22 05:04

Garment and textile firms in Vietnam should pay more attention to workers’ needs and better manage human resource to sustain a productive and quality workforce, it was discussed at a seminar on workforce development in the sector in Ho Chi Minh (HCM) City recently. This is crucial as Vietnam is acceding to international trade agreements, […]

Many Flipkart shareholders agree to sell stake to Walmart

2018/04 22 05:04

Several key shareholders in India’s largest online retailer Flipkart have reportedly agreed to sell their stakes to Walmart but the biggest of them, Japan’s SoftBank, which holds 20 per cent stake, is seeking a better price. Flipkart founders Sachin Bansal and Binny Bansal may sell part of their stake as well, according to officials privy […]

Fashion brand Mango to join BCI

2018/04 22 05:04

Courtesy: Mango Mango, one of the leading fashion groups, is all set to become a part of the Better Cotton Initiative (BCI) to strengthen its commitment to increase the volume of more sustainable cotton it sources. By joining this initiative, Mango will support good practices within the cotton sector and will promote the procurement of […]

Indian inter-ministerial group to study e-commerce issues

2018/04 22 05:04

The Indian government has set up an inter-ministerial group to study issues related to the e-commerce sector in the country, according to commerce secretary Rita Teaotia. The discussion will involve industry representatives and will find out possible areas in the policy framework that need attention, she told a press conference in Hyderabad recently. The e-commerce […]

BIDA’s Europe trip to showcase a different Bangladesh

2018/04 22 05:04

The Bangladesh Investment Development Authority (BIDA) is taking a large delegation of businessmen and officials to Brussels and the Netherlands to showcase what the country can offer to the Europe. The focus has changed from telling other countries what we need to conveying what our country can offer, according to BIDA executive chairman Kazi M […]

Earth Day: Haggar develops recycled clothing line

2018/04 22 05:04

Ahead of the World Earth Day on April 22, Haggar Clothing Company has developed a latest style, the Premium Comfort Dress Pant, with sustainable Repreve fibre, saving about two and a half 16-ounce water bottles per pant from going into landfills. For nearly a decade, Haggar Clothing Co. has partnered with Unifi, Inc. to produce […]

Bangladesh garment manufacturers call for fair pricing

2018/04 22 05:04

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by global brands and retailers in pricing and sourcing garments from developing countries like Bangladesh. They conveyed this at a recent seminar on responsible garment supply chain organized at The Hague by the TMC Asser Institute, a leading think tank in the Netherlands. Representatives from the civil society, […]

Singapore’s Feb online retail sales figure 3.9% of total

2018/04 22 05:04

Singapore’s online retail sales figure in February was 3.9 per cent of its overall retail sales figure of $110 million compared to 4.1 per cent in the previous month, according to the Singapore Department of Statistics, which has started publishing the proportion of its retail sales transacted online. An online sale was counted irrespective of […]

Fast Retailing H1 revenue up 16.6% to ¥1.1867 trillion

2018/04 22 05:04

The consolidated revenue of Fast Retailing Company for six months from September 1, 2017 to February 28, 2018 went up 16.6 per cent year-on-year to a total of ¥1.1867 trillion. The operating profit for the reported period climbed up 30.5 per cent year-on-year to ¥170.4 billion. The company's operating profit margin improved to 14.4 per […]

SRTEPC honours RIL with 5 gold trophies

2018/02 01 09:02

Smriti Irani, minster for textiles and information & broadcasting – presenting SRTEPC lifetime achievement award to Rajen Udeshi, president Polyester Chain, RIL. Courtesy: RIL The Synthetic & Rayon Textile Export Promotion Council (SRTEPC), one of the oldest export promotion councils in India, has conferred Reliance Industries (RIL) with a series of awards for its exceptional […]