Cash is far from dead and use is rising, says BIS
The Bank for International Settlements (BIS) said cryptocurrencies and the debate around them – such as whether cash will be replaced by virtual substitutes – are part of…
Fashion is sixth-most-polluting industry globally – report
The study, from the London-based “climate-friendly” writer group The Eco Experts, said the most polluting industries based on annual GHG emissions are energy, transport, manufacturing & construction, agriculture,…
Mango reaffirms its commitment to suppliers by signing the Pakistan Accord
Mango joined this agreement to “reaffirm its commitment to its suppliers”, as it has noted in a statement. This international program was born out of the Bangladesh Accord,…
Patagonia launches repair portal, will open repair centre in UK this year
The company said it has “a long-standing commitment to repair” and has therefore “entered a new phase for its initiatives in Europe, as [it] makes it easier than…
Golden Goose buys luxury sneakers producer Italian Fashion Team
“Golden [Goose]’s artisanal heritage is reflected in the quality of hand-made objects. Each of our products tells a unique story of craftsmanship and excellence, featuring extraordinary people and…
Retailers dream of a glitzy Christmas, even as supply chain snarls loom
“We’ve had a few people in New York and L.A. who want the whole house done – garlands on the outside, garlands on the inside, wreaths.”But betting on…
U.S. voices concern as India’s e-commerce restrictions hit Amazon, Walmart
The tussle marks the latest in a number of U.S. protests over Indian government policies which impact American companies and comes at a time when the two countries…
UK retail needs internet tax ‘shock’, says Sports Direct boss
Mike Ashley said the move would be “a massive electric shock” for the sector, encouraging retailers to invest in physical stores.“You have to tax the internet for the…
Visa to defend tourists’ card fees at EU antitrust hearing
The world’s largest payments network operator will present its case before senior European Commission officials and national competition officials at a two-day closed hearing, six months after charges…
ASOS denies it has internal supply chain problems
A Sunday Times report had claimed that the digital UK retailer has had to defer orders from suppliers who claim delays are being caused by labour shortages in…