US Scientists’ Breakthrough: Next-Gen EV Battery Innovation Eliminates ‘Forever Chemicals’ Researchers at the University of Chicago Pritzker School of Molecular Engineering (UChicago PME) have developed a groundbreaking advancement in the realm of electric vehicle (EV) batteries. This innovation not only propels the efficiency and performance of EVs but also addresses a critical environmental concern by […]
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs Hugo Boss, the renowned fashion house, has recently issued a cautionary statement regarding a potential dip in consumer demand in key markets such as the United States and China. The company, known for its high-end apparel and accessories, highlighted concerns about the […]
Olaplex Sales Slide 9.8%, Specialty Retail Recovers
Olaplex Sales Slide 9.8% in Q4 as Specialty Retail Sector Recovers The biotechnology hair care company, Olaplex, recently reported a 9.8% decrease in sales, amounting to $100.7 million in its fourth-quarter earnings. This decline was primarily driven by a significant drop in professional sales. However, amidst this setback, there is a silver lining as the […]
Expanding Global Trade Opportunities at Istanbul Fashion Connection
Expanding Global Trade Opportunities at Istanbul Fashion Connection In the ever-evolving landscape of global trade, the fashion industry is constantly seeking new opportunities to diversify its supply chain and manufacturing hubs. Geopolitical tensions, rising costs, and sustainability concerns have prompted industry players to explore alternative sourcing destinations. One such hub that is gaining prominence on […]
EU Moves Closer to Putting a Waste Tax on Fashion
EU Takes Steps Forward in Imposing Waste Tax on Fashion In a groundbreaking move, the European Union is making strides towards implementing a waste tax on the fashion industry. This significant development means that brands and retailers will soon be obligated to bear the expenses associated with collecting, sorting, and recycling old clothes. The implications […]
Why Can’t Fashion Fix its Links to Forced Labour?
Fashion’s Struggle with Forced Labour: The Case of Patagonia, Nike, and Lululemon For years, fashion brands have grappled with the dark reality of forced labor within their supply chains. Companies like Patagonia, Nike, and Lululemon have made significant efforts to tackle this issue head-on, particularly in key fabric suppliers in Taiwan. Despite their ongoing initiatives, […]
US Retail Sales Broadly Advance, Capping a Solid Holiday Season
US Retail Sales Rise 0.4 Percent in December, Reflecting Strong Consumer Demand The latest data on US retail sales has painted a positive picture for the economy as sales saw a 0.4 percent increase in December. This uptick not only indicates robust consumer demand but also serves as a testament to the ongoing economic strength […]
Phages in agriculture: Revolutionising crop protection without harmful chemicals
Phages in Agriculture: Revolutionising Crop Protection Without Harmful Chemicals Phages, the natural viruses that target and infect bacteria, are making waves in the agricultural sector as a sustainable alternative to chemical pesticides. These tiny but powerful agents are revolutionizing crop protection by combating harmful bacteria that threaten agricultural yields without the need for harmful chemicals. […]
Executive Memo | Luxury Has a Pricing Problem. What Now?
Executive Memo | Luxury Has a Pricing Problem. What Now? In the realm of big luxury brands, a troubling trend has emerged – steep price hikes that are shaking the very foundation of their value proposition. This sudden shift has led to a sharp downturn in the demand for luxury megabrands this year, sparking concerns […]
Coty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows
In a world where beauty often reigns supreme, Coty Inc. finds itself navigating a challenging market landscape. The company recently announced that it expects its annual profit to be at the low end of its forecast due to a slowdown in consumer demand for beauty products, particularly in critical markets like the United States and […]