LONDON - Cross-party MPs are calling on the British government to help fix fashion by doing more to support the development of more sustainable fabrics, boost textile recycling and help to bring back manufacturing jobs to the UK.Those are the key conclusions of a new report, Making the UK a Global Leader in Sustainable Fashion, drawn up by the All-Party Parliamentary Group (APPG) for Ethics and Sustainability in Fashion with support from the Hubbub environmental charity.It comes a little over a

The most uttered topic of the COVID-19 pandemic has created a deep wound in the whole fashion retail and its supply chain. For instance, one of the biggest apparel consumer market – the USA’s consumption has been shrunk by 50%.Figure: US fashion consumption is headed for a 50% decline to around US$200bn.As the US presidential election nears, President Donald Trump – in a patriotic zeal, continuously distancing with China by tariff hiking. Which is greatly impacting the fashion apparel industry.

Burberry, the British fashion house, has collaborated with Twitch, the provider of live streaming service, to livestream its Spring/Summer 2021 fashion show this week.Image Courtesy: racheleganblog.wordpress.comWith this, the brand becomes the first luxury brand to do so. The show will be completely remote and no guests would be attending the event.This comes after a lot of designers have leveraged the use of technology to show their collection digitally amidst COVID-19 as many fashion shows wer

In a report by the USFIA, 90 percent of fashion firms plan to increase their contracting, especially in the manufacturing and supply chain positions, even though optimism about the future of the industry is shrinking due to the outbreak. Even though the fashion companies have diversified their sourcing across Asia and, to a lesser degree, in Mexico and Sub-Saharan Africa this year, China remains at the forefront of apparel sourcing and development. These companies are based in the long term on s

The US retailer, Gap Inc., has announced plans for closing down more than 225 stores worldwide this year, with a further batch next year. A net loss of $62 million in revenue declined 18% during the second quarter. Sales from physical companies decreased by 48%, compared with a meteorically 95% increase in online sales. During this time, the company has acquired over 3.5 million clients.The company did not give any indication of where in the world its stores would close, or which banners are mos

The J.Crew Group in the United States recently announced it has successfully completed its financial restructuring process and emerged from Chapter 11—a form of bankruptcy that involves a reorganisation of a debtor's business affairs, debts and assets. It is well positioned for long-term growth after equitizing more than $1.6 billion of secured indebtedness.Pic: J Crew GroupThe Anchorage Capital Group is now the majority owner of the J.Crew Group, an omni-channel retailer of women's, men

JC Penney, a US-based apparel and home retailer company, posted decrease in its total revenues to $1,459 million in its second quarter (Q2) for fiscal 2020 that ended on August 1, 2020, compared to revenues of $2,619 million in the same period previous fiscal. During Q2 FY20, company incurred a net loss of $398 million (Q2 FY19: $48 million).Pic: ShutterstockSelling, general and administrative expenses were down to $470 million ($870 million). Operating loss for the quarter was $153 million comp

DUBLIN - Fast fashion retailer Primark has this week launched a new campaign, Time for Change: A Better Future, which it says is aimed at making sustainable fashion more affordable.It includes significant increases in the number of products made from both sustainable cotton and materials recycled from plastic bottles, nylon and cotton.Thenew range of everyday essentials for men, women and children more than doubles the number of Primark products made from recycled materials to 40 million and inc

LONDON - Burberry has announced plans to become the first luxury brand to issue a sustainability bond to fund social and environmental improvements.The proceeds will be used to finance eligible projects listed under Burberry’s new Sustainability Bond Framework and will focus on three specific areas.The first is green buildings and expenditure relating to properties certified to either LEED platinum or gold or BREAM outstanding or excellent.Source:Eco Textile

Italian luxury label Prada is expanding its retail operations in Japan with a new boutique in Tokyo’s Shibuya district.Image Courtesy: superfuture.comThe location for the store has been carefully selected as Miyashita Park shopping mall where the unique evolution of Prada’s green themed interiors can be witnessed.The store has been designed by OMA studio, founded by Rem Koolhaas, and spans across an area of 300 square metres.Featuring Prada’s full range of ready-to-wear apparels, accessories, ba