Patchy demand at stores spells more pain for garment suppliers

With shoppers still wary of catching the coronavirus at stores, retailers are leaving buying decisions to the last minute and planning on selling all-season basics such as men’s chinos and t-shirts leftover from spring through into fall.“We don’t think orders for clothing will pick up anytime soon. Shipments could look up ahead of the Christmas but there is no guarantee,” said Siddiqur Rahman, a Bangladeshi garment supplier to H&M and GAP Inc among others.

The destructive weight of the COVID-19 pandemic is expected to contract the $2.5 trillion global fashion industry by up to 30% in 2020, according to investment bank Bryan, Garnier & Co.Nike said it has already cancelled around 30% of its pre-pandemic factory orders for the autumn and end-of-year holiday season, while Swe…

Patagonia sets garment industry example by expanding Fair Trade Certified partnership

Fair Trade USA offers a partnership where manufacturers can pay a premium to ensure factory workers are given certain quality of life benefits and living wagesคำพูดจาก คาสิโนออน. Over 1,000 companies spanning 30 industries have began partnerships with the organization.Patagonia began its partnership with Fair Trade USA in 2014 with 11 styles. It has aggressively scaled the partnership so that in 2016 it produced 218 styles in the program. In 2014 Patagonia used one Fair Trade Certified factory. For Fall 2016, it is now using six Certified factories.

“Fair Trade USA’s approach has proven it contributes to a better standard of living, including pay and employee participation i…

Stranded trucks, unpaid workers- India Inc counts cost of cash crunch

Modi’s move on Nov. 8 was aimed at cracking down on corruption and flushing out funds stashed away in India’s “black economy”.But the cancellation of 500 and 1,000 rupee notes ($7.3 and $14.7), more than 80 percent of currency in circulation, threatens to push Asia’s third-largest economy into a liquidity crisis.

Consumer spending makes up 56 percent of India’s $2 trillion economy. But with just the small stock of smaller denomination notes available and a struggle to get hold of new bills, consumers are holding back.The government has acknowledged that the disruption would last weeks because of delays in note printing and technical problems with ATM machines, but Modi has made a plea for patience until Dec. 30. The government said it could not have printed new notes or recalibrat…

Amazon says French digital tax will hit consumers, small firms

The French Senate voted last month to approve a 3% levy on tech giants’ revenue from digital services earned in France, riling U.S. President Donald Trump, who threatened to impose retaliatory duties on French wine.”We are not in a position to absorb an additional tax based on revenue rather than profit,” Amazon said in a statement, citing tough competition in the “low-margin retail sector” and its significant investment in digital tools and services.คำพูดจาก เกมส์สล็อตได้เงินจริง

“We have no other option than to pass it on,” Amazon saidคำพูดจาก เว็บดีฝาก…