Luxury industry faces more selective and reasonable consumers

According to the seventh edition of the ‘True-Luxury Global Consumer Insight’ study, the luxury industry will gradually recover its losses and will not return to how it was in 2019 until 2022 or 2023. This research, carried out by BCG in association with Altagamma, focuses in particular on the tip of the iceberg, meaning the top consumers who spend around €39,000 ($43,960.41) annually on …

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N Brown sets emissions target, gets SBTi approval

And its near-term, science-based greenhouse gas (GHG) emissions targets have been endorsed by the Science Based Targets initiative (SBTi), which assesses companies’ targets and ensures that they are in line with the latest climate science under the Paris Climate Agreement. By 2030, the group has committed to reduce scope 1, 2 and 3 GHG emissions from its operations by 46% from a 2021 base y…

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Natura urges Brazil to protect Amazon after fires hit suppliers

Soon to become the world’s fourth-largest beauty group after acquiring rival Avon Products Inc, Natura is advocating sustainable development of the Amazon without antagonizing right-wing President Jair Bolsonaro, who has called for greater economic exploitation of the vast region.”It seems to me the new government is critical of existing control mechanisms but has not yet set in motion alternat…

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Millions unemployed as coronavirus ravages U.S. economy

The deepening economic slump was also amplified by other data on Thursday showing manufacturing activity in the mid-Atlantic region plunged to levels last seen in 1980 and homebuilding tumbling by the most in 36 years in March.The reports followed dismal reports on Wednesday of a record drop in retail sales in March and the biggest decline in factory output since 1946. Economists are predicting…

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Plastics, consumer goods makers in $1.5 billion pledge to rein in waste

The Alliance to End Plastic Waste (AEPW), unveiled by its 28 founding companies on Wednesday, convened amid reports of a worsening environmental crisis from about 8 million tonnes of plastic waste that end up in oceans every year, which has triggered bans on some single-use plastic products.Current alliance members have committed more than $1 billion to the project over the next five years, whi…

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Copenhagen Fashion Week inks sustainable accord with Zalando

Their goal in their three-year partnership: to guarantee the fashion week and the online retailer both have net-positive impacts on people and the planet aligning both parties with their respective plans – Copenhagen Fashion Week’s Sustainability Action Plan, announced in early 2020, and Zalando’s Do.More strategy, revealed in October 2019คำพูดจาก Read more

Pentland Brands takes the Segura route to improve supply chain transparency

The supply chain software solutions provider is tasked with mapping Pentland’s entire multi-brand, multi-tier supply chain “from the first tier to raw materials — across its global operations”.Segura will also help the UK-based owner of brands such as Speedo, Berghaus and Endura to track suppliers’ sustainability progress and measure and manage compliance. คำพูดจาก Read more

Amazon facing repeated unionisation attempts at US warehouses

Employees of the JFK8 warehouse in the Staten Island district will be casting their ballots in person, said the group’s leader, Christian Smalls, on Twitter. The campaign for the creation of a trade union at this facility began last year. After several vicissitudes, the US National Labor Relations Board (NLRB) acknowledged in late January that the campaigners had collected enough signatures …

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UK shoppers are world’s biggest online spenders says UKCA

Spending has soared by 28% in just two years, reaching £154 billions last year from £120 billion in 2014. That also means UK shoppers are spending £422 million online each day, the report said.And the actual figure is higher than that because the calculations only include spending that is processed in the UK. Payments by shoppers who buy directly from foreign companies, including Amazon whic…

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‘Do Not Sell My Info’- U.S. retailers rush to comply with California’s new privacy law

Others like Home Depot will allow shoppers not just in California but around the country to access such information online. At its California stores, Home Depot will add signage, offer QR codes so shoppers can look up information using their mobile devices and train store employees to answer questions.Large U.S retailers are rushing to comply with a new law, the California Consumer Privacy Act …

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