Under Mallzee’s Lost Stock initiative, boxes of clothes – with brand labels removed – are sold for 35 pounds ($44), with 37% of the retail price donated to a charity supplying food and other goods to clothing workers hit by layoffs and unpaid wages.“We had the industry contacts to be in the perfect position to connect consumers with the cancelled stock supporting garment workers and helping avoid the clothes ending up in landfill,” Melanie Gray, a spokeswoman for Edinburgh-based Mallzee, said.
Labour advocates in Bangladesh welcomed Mallzee’s efforts but expressed concern that such initiatives could let big brands off the hook over mass cancelled orders that are putting the livelihoods of thousands of workers at risk.“I appreciate this. But why do our workers have to liv…
As labor, raw material and tax costs rise in China – the world’s foremost textiles producer – the East African country is scrambling to offer a cheaper alternative, and go up against established low-cost garment makers like Bangladesh and Vietnam.It is still early days, and most of the clothing companies to source production in Ethiopia are testing the waters with small volumes, but the government is working hard to attract their business with tax breaks, subsidies and cheap loans. The landlocked nation is also about to open the final stretch of a 700 km (450-mile) electric railway to Djibouti’s coast.
This is part of a drive to turn a nation that is among the poorest in Africa into a manufacturing center that is no longer held hostage by fickle weather patterns which…
LVMH has for a long time been a key sponsorship partner to the sporting world, notably supplying trophy cases for some of the most prestigious sporting competitions, made by trunk-maker Louis Vuitton, but also with classic kit sponsorship deals for various top teams, and above all individual football and basketball stars, who have replaced celebrities among runway show guests. But this autumn, LVMH’s sponsorship announcements are coming thick and fast, like never before. The latest deal, announced on Thursday November 2, is between Christian Dior and French wheelchair tennis player Pauline Déroulède, chosen by the label as its brand ambassador for the Paris 2024 Olympic and Paralympic Games.In July, LVMH announced it had become one of the Paris Games’ premium partnersคำพู…
De Beers markets its rough diamonds in a series of tightly scripted sales, where handpicked buyers are normally expected to take all their contracted allocations at a price set by De Beers, or face potential penalties in the future. But with prices in free fall around the world, the one-time diamond monopoly has been forced to allow more and more flexibility, finally removing the restrictions altogether.The concessions are the latest in a series of increasingly desperate moves across the industry to stem this year’s plunge in diamond prices, after slowing consumer demand left buyers stuck with swelling inventories. De Beers’s great rival, Russian miner Alrosa PJSC, already canceled all its sales for two months, while the market in India — the dominant cutting and trading center …
The action is the latest by U.S. President Donald Trump to put pressure on China to negotiate trade concessions after imposing tariffs on $34 billion in goods last monthคำพูดจาก สล็อตเว็บตรง. China has vowed to retaliate to an equal degree.The latest $16 billion list will hit semiconductors from China, even though many of the basic chips in these products originate from the United States, Taiwan or South Korea.
The 25 percent tariffs also will apply to a broad range of Chinese electronics, plastics, chemicals and railway equipment that the Office of the U.S. Trade Representative (USTR) has said benefit from the “Made in China 2025” industrial plan, aimed at making China c…
Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 percent pace reported last month reflected robust consumer spending as well as strong business investment.Growth last quarter was the best since the first quarter of 2015 and followed a 1.2 percent pace in the January-March period. Economists had expected that second-quarter GDP growth would be raised to a 2.7 percent rate.
Retail sales and business spending data so far suggest the economy maintained its stamina early in the third quarter. Economists saw a limited impact on growth from Hurricane Harvey, which devastated parts of Texas.“The impact on the national econom…
In what is likely to be the start of a sharp decline in inflation, the consumer price index was 1.5% higher compared with March 2019, as a Reuters poll of economists had predicted, slowing from February’s 1.7% rise.A fall in clothing and footwear prices was the biggest drag on the index in March, the Office for National Statistics said.คำพูดจาก เว็บปั่นสล็อต
“Prices usually rise between February and March, and this year’s fall is the first since 2015 and only the second since the start of the constructed (inflation) series in 1988,” the ONS said.Sales were likely to have been impacted by the coronavirus outbreak and retailers resorted to discounting more items on sale, reve…
Reuters reported last week that the president could target up to $60 billion (£42.65 billion) in imports from China. U.S. Trade Representative Robert Lighthizer said that if the measures went ahead a mix of tariffs and restrictions on investment could be used.”We are losing that to China in ways that are not reflective of the underlying economics,” Lighthizer told the House of Representatives Ways and Means Committee, a top economic policy committee, on Wednesday.
“The remedies, in my judgement at least, would be one, doing something on the tariff front, and two, doing something on the investment front, and then perhaps other things,” Lighthizer, a lawyer and veteran trade negotiator said.The United States charges that the Chinese government and companies have stolen the intellec…
The report reveals that Millennial and Gen Z share of spending in the US, UK and Australia will increase to 48% by 2030 — demonstrating their continued strong influence on the economy as these groups reach peak earning years.The report also showed that this generation has an increasing preference for BNPLคำพูดจาก Web Game Casino . In the UK, BNPL spending has grown by 315% compared to a 4% increase for debit and credit card purchases. คำพูดจาก Web Game Casino
“Gen Z and Millennials are driving change at the intersection of culture and commerce, so it’s no surprise they have been key adopters …