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Unsold goods: EU bans their destruction, imposing a new model on fashion

A practice long considered a necessary evil in industrial fashion will become illegal from July 19. The EU will prohibit large companies from destroying their unsold clothing, footwear and accessories, ending the annual incineration and landfilling of millions of new items. Enshrined in the Ecodesign for Sustainable Products Regulation (ESPR),...

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Saks Global announces store footprint optimisation for profitable growth

Saks Global, the luxury retail entity formed through the acquisition of Neiman Marcus Group, has announced a strategic optimisation of its store footprint and service model to drive profitable growth. Store optimisation to drive growth The first phase of this transformation includes the closure of eight Saks Fifth Avenue locations and one Neiman...

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How can DPPs support OECD due diligence in global fashion supply chains?

The digital product passport (DPP) serves as a structured digital record under the Ecodesign for Sustainable Products Regulation (ESPR). These passports do not replace due diligence but rather act as "structured containers" for the necessary data to support it. This is what Catherine Lomonaco, founder of GoTrace, highlighted at a webinar on 10th...

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Bad Bunny and Zara dethrone Rihanna to become artist with greatest impact in Super Bowl history

There is currently no space, physical or virtual, worldwide where the historic performance of Puerto Rican singer Bad Bunny during the 2026 Super Bowl halftime show is not being discussed. What might seem like a personal impression is, in fact, a confirmed reality. The initial economic analyses of the singer's performance last Sunday at Levi's...

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Francesca’s: The journey to a second bankruptcy for the US mall-based retail chain

US retail chain Francesca’s has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of New Jersey. The news comes after media reports speculated that the company was already in the process of liquidating its inventory and was planning to close stores. At the time, it was suggested that Francesca’s was also...

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LuxExperience: Mytheresa remains growth engine

LuxExperience, the parent company of German luxury retailer Mytheresa, has reported strong sales growth for the second quarter of 2025/26 and confirmed that the integration of the Yoox Net-A-Porter (YNAP) platforms remains on schedule. During the three months ending December 31, 2025, the Mytheresa segment generated revenue of 242.70 million...

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Asics eyes India growth as consumers prioritise healthy lifestyles

The head of Asics’ India business has said the company expects significant growth in the region as a wider number of affluent consumers increasingly prioritise healthier lifestyles. Speaking to Bloomberg, Rajat Khurana, the managing director of Asics India Pvt, said he is aiming for the Japanese shoemaker to become the number one player in...

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Dr. Martens reportedly expecting redundancies amid EMEA restructuring

Footwear specialist Dr. Martens is believed to be preparing to cut some roles linked to its Europe, Middle East and Africa (EMEA) business, which is currently undergoing a restructuring. According to Drapers, the company is believed to be reorganising teams at a regional level, with some positions due to move to central group functions, while...

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Putting priorities back into production

How can garment manufacturers enable environmental transformation? And how can they do this in a nationally coordinated, structured and country-specific way? This is why the manufacturer-led ATTI platform (Apparel and Textile Transformation Initiative) was conceived a couple of years ago and officially established as an organisation in 2025. Its...

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Kering 2025: moment of truth for François-Henri Pinault's powerhouse

The luxury sector is no longer smooth sailing, and Kering (Kering) has become its most sensitive barometer. With a 13 percent decline in turnover, compressed profitability, and Gucci still undergoing reconstruction, the French group concludes a 2025 financial year that management describes as transitional. Investors, however, see it primarily as...

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Converse initiates restructuring and layoffs amid slumping sales

Employees at Converse have been instructed to work from home as the Nike Inc. brand begins a restructuring process that includes job cuts. According to a Bloomberg report, the reorganization will involve the creation of new roles and team reassignments for remaining staff. In a memo viewed by Bloomberg News, Converse chief executive officer...

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UK high street administration wave: The 5 retailers facing early 2026 setback

The UK high street has faced an early setback in the new year, with five major retailers already entering administration. Each company cited their respective collapses to rising business costs and cautious consumer spending. It comes despite more positive projections for the year ahead by industry analysts. According to a report by Knight Frank,...