Tradeshift, a Tradeshift, a software platform that helps companies buy, pay, and work with suppliers, has partnered with supply chain risk analysis and monitoring platform FRDM (formerly Made In A Free World) to launch a new app designed to help businesses detect and mitigate human trafficking in their global supply chains.
Levi Strauss & Co, Nike, H&M and C&A have agreed to share and align their Screened Chemistry approaches and hand the future development of the programmes to the ZDHC Foundation, which is working to steer the industry towards a goal of reducing the discharge of harmful chemicals to zero by 2020.
UK fashion retailer New Look has announced what executive chairman Alistair McGeorge calls a "critical step" in its turnaround plans, having reached an agreement 'in principle' with its key financial stakeholders to cut its debt by GBP1bn (U$1.3bn) and raise GBP150m in new money to turnaround the business.
A group of business associations including Amfori and the Federation of the European Sporting Goods Industry (FESI) have joined forces in urging the European Council to consider and approve the EU-Vietnam Free Trade Agreement (EVFTA), a deal it says will boost economic growth and promote job creation both in the EU and Vietnam.
Sir Ian Cheshire has been forced to resign as chairman of Debenhams after two of the struggling UK department store retailer's major shareholders - one of whom is understood to be Sports Direct boss and retail tycoon Mike Ashley - voted against his re-election to the board at yesterday's AGM.
Shares in Moss Bros Group were up by more than 4% this morning (11 January) after the men's wear retailer hailed an improving trend in the fourth quarter, despite a slip in half-year like-for-like sales due to deeper discounting.
Top stories on just-style this week include the inauguration of two more industrial parks in Ethiopia, Chinese clothing companies are investing in Egypt to try to avoid Trump's tariffs, Bangladesh promises a review of garment worker wages amid violent clashes in the country, and Gap is to close its Fifth Avenue flagship store in New York.
It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Urban Outfitters reported record holiday sales, Kohl's raised its full-year earnings guidance on the back of a 1.2% rise, while US retail giant JC Penney is to shutter three stores this spring on the back of a 5.4% comp sales drop.