Japan retail sales growth undershoots forecast, points to tame consumption

The 0.6 percent annual increase in retail sales in May was weaker than the median estimate for a 0.9 percent annual gain, following a revised 1.5 percent increase in April.May’s result marked the slowest growth since a 0.2 percent decline last October.On a seasonally-adjusted basis, retail sales declined 1.7 percent in May, data from the trade ministry showed on Thursday.

Japan’s econ…

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Only half of UK shops have reopened since easing of lockdown – LDC

The Local Data Company surveyed over 111,000 retail units across 164 towns and cities between 23 May and 1 July, and it found that many businesses that rely on office workers and tourists to trade have delayed their reopening plans.Some 74% of stores selling physical goods such as clothing, shoes and homewares had reopened at the time of the survey, compared with only 64% of food and entertainm…

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Indie documentary ‘Love Is in the Legend’ displays how fashion came to know Voguing

The recent documentary ‘Love Is in the Legend by Myra Lewis, a former Patricia Field buyer and salesperson, explores the 1988 seminal downtown event ‘A Ball to Remember’ also spearheaded by Lewis, which introduced Seventh Avenue to the competitive dance culture, thus helping its trajectory into popular culture today.FashionNetwork.com spoke with Lewis, the film’s producer, director, w…

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Nordstrom launches grant, new collections for Pride month

The Seattle-based retailer announced on Monday that it will offer a new assortment of products including the BP. Be Proud collection, designed by a queer designer and featuring a range of sizes for people of all gender expressions. Likewise, MANTL, co-founded by Karamo Brown – the best-selling author, producer and Emmy-nominated host on Netflix’s Emmy-winning series ‘Queer Eye’ – will be …

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Spiber’s protein-derived fibre now produced on industrial scale

Goldwin wants to use more sustainable materials, and is planning to increase the share of fabrics derived from brewed protein to 10% by 2030. The R&D partnership between Spiber and Goldwin, which began eight years ago, has produced t-shirts, jackets and sweaters, but only in limited quantities because of the initial constraints on the fibre’s output volumes.“Our process is similar to beer b…

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UK consumer confidence is down, but worse is to come says GfK

What’s perhaps more surprising is that confidence has only decreased by two points to reach -9 for March. In fact, one of the five measures that researcher GfK uses for its long-running survey actually increased, while another stayed the same, although three decreased.The fact that the index didn’t drop by a larger amount could be due to the timing of the survey as it came just before the loc…

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UK economy saw partial recovery in Q3, recession risks ahead

Tuesday’s data also showed government borrowing sped up last month to pay for the mounting cost of the coronavirus crisis.Gross domestic product grew by a record 16.0% from July to September, revised up from a previous estimate of 15.5%.

But that still did not make up for its 18.8% slump in the second quarter, when much of the economy was shut down.Britain’s economy was hit harder by …

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Amazon settlement with EU antitrust regulators possible by year end

Settling the EU investigations means the company will avoid a fine of as much as 10% of its global turnover.Faced with charges of using its size, power and data to push its own products to gain an unfair advantage over rival merchants that also use its platform, Amazon in July offered to refrain from using sellers’ data for its own competing retail business and its private label products.คำ…

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‘Bangladesh govt, industry need to ensure RMG workers’ rights’

The RMG industry and the government should also ensure that the rights of the workers are fully protected, said Bernicat during a discussion on ‘The State of Fire Safety in Bangladesh’ that was organised by the International Labour Organisation (ILO) in Dhaka.ILO is working towards improving fire and general building safety in Bangladesh, an initiative funded by the US department of labour.…

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