Business

VF names new CFO amid turnaround efforts to boost sales

Fourth quarter revenue of 2.4 billion dollars at VF Corporation, was down 13 percent with The North Face down 5 percent, brand DTC up 6 percent or 7 percent in constant dollars, with ongoing weakness in US wholesale. FY24 revenue of 10.5 billion dollars, was down 10 percent or 11 percent in constant dollars. The company also announced the...

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Business

Digital Product Passport: new guide by TrusTrace unlocks the Why, What and How

“I got into fashion because I love numbers and data …” said nobody, ever, as pointed out by the new digital product passport (DPP) playbook, launched by TrusTrace, a platform for supply chain traceability and compliance, and written by about a dozen subject matter experts. However, the European Parliament adopted the Ecodesign for Sustainable...

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Business

LVMH strengthens partnership with Alibaba

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has announced it is deepening its partnership with Chinese e-commerce and technology giant Alibaba to “redefine luxury retail experiences in China”. In a statement, LVMH said the extended partnership aims to push the boundaries of the luxury experience in China by leveraging Alibaba’s...

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Retail

Charity retailers deserve support amid price criticism, says Chief Executive of Traid

In recent weeks, charity retail has faced criticism for allegedly overcharging customers with inflated prices. This narrative overlooks the crucial role that charity shops play and misrepresents the sector, which has a long history of supporting vital causes. Maria Chenoweth, Chief Executive of charity retailer Traid, published a thought piece...

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