Monopoly GO events May 2024 PokerStars India Rummy points app

Business |Report

Textile Exchange: Fashion still relying on virgin, fossil-based synthetic fibres

Data from non-profit Textile Exchange’s latest Materials Market Report shows that the market share of virgin, fossil-based synthetics continued to increase in 2023, while that of cotton and recycled fibres declined. These findings correspond to those of a survey among 50 major fashion brands by NGO Changing Markets Foundation: The brands...

Retail

Online retailers see sharp rise in retail fraud

The fashion and retail industry has seen a surge in account takeover fraud, as cases filed to the UK's National Fraud Database (NFD) jumped by 142 percent in the first half of 2024, according to data from Cifas, the UK's leading fraud prevention service. The increase poses a significant challenge for online retailers, particularly in the fashion...

Business

Fashion Week: Profitable investment or poker move?

Fashion week, while a true showcase for the fashion industry, is a complex strategic operation. Paris Fashion Week kicked off on 23 September, offering experts the chance to take a look behind the scenes of such an event. Recent reports reveal the fundamentals of this industry: the costs are exorbitant, but so are the profitability stakes. So...

Business

Dupe culture: The new threat to China's luxury sector

Luxury brands are facing a new landscape: the rise of dupes and the changing purchasing behaviours of Chinese consumers. As the Chinese economy transforms, consumer behaviour is also undergoing a significant shift. The rise of counterfeit products and the decline in demand for luxury products illustrate a broader paradigm shift. The rise of...