A slowdown in global consumer confidence threatens to overshadow the holiday shopping season in the United States, which despite a strong start is not immune to developments in Europe.
The visits came as regulators in India launched an investigation into J&J’s Baby Powder following a Reuters report last Friday that the firm knew for decades that cancer-causing asbestos could be found in the product.
The French Economy Minister announced that France will impose new taxation on major tech companies from Jan. 1, without waiting for EU legislation on the subject.
Clothing retailers have felt a pre-Christmas chill slicing through their margins as they try to lure shoppers to spend rather than hold off in anticipation of ever-bigger price cuts.
Discounting is at record levels in the UK ahead of Christmas as retailers are desperate to shift more autumn and party season inventory ahead of new product arriving next month.
The denim industry’s supply chain is increasingly focused on environmental issues, but fashion labels still have a genuine need for more information on the best solutions available.
The United States came under fire from China and the European Union on Monday, accused by both major trading partners of taking protectionist measures and bringing the World Trade Organization (WTO) to its knees.
Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday’s Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos was in its Baby Powder.
Italian fashion label Prada has said it will set up an advisory council on diversity issues after being forced to pull monkey-like keychain figurines from its shelves over accusations of racism.
German trade union Verdi called on workers at two Amazon logistic centres to strike on Monday, part of a long-running campaign for better pay and conditions.
U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy.
The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST on March 2, 2019.
Global Fashion Agenda has welcomed Nike to its strategic partner group, which is working to set a common agenda and direction for focused industry efforts on sustainability in fashion.
Internal documents examined by Reuters show that the company's baby powder was sometimes tainted with carcinogenic asbestos and that J&J kept that information from regulators and the public.
Stella McCartney is doubling down on her commitment to sustainable fashion via her partnership with the luxury consignment brand The RealReal.
