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In Data: Half of US Consumers To Cut Back on Retail Spend in 2024

Inflation is expected to ease to 2.9% in 2024, however 51.5% of US apparel consumers are not reassured and plan to reduce retail spend.

Fast Company’s annual index of the most innovative fashion companies in 2024 include Circ, Skims, Canada Goose and Citizens of Humanity.

ONS figures for March showcase stagnant growth as it believes higher prices have affected consumer spending habits.

Amazon is investing more than €700m in robotics and AI innovations to enhance its customer services and employee experience.

Concerns about sustainability and ethics within the fashion sector remain but affordability has become a greater focus for apparel consumers.

UK BFC’s fourth IPF Forum saw discussions aimed at accelerating towards a circular fashion economy and meeting net zero efforts by 2030.

Textile Exchange‘s new report outlines ways for the fashion and textile industry to move away from the use of synthetic raw materials.

Last week’s exposés delved into the murky waters of production practices of retailers and the need for accountability in the fashion industry

The BRC, New Look, Walpole, express disappointment after the UK Budget fails to address apparel retailer concerns on business rates and VAT.

Ultra-fast fashion giant Shein is reportedly mulling plans to market its supply chain infrastructure to global brands.

UK headline inflation has fallen to 3.4% with the British Retail Consortium saying figures were driven by falls in clothing and footwear.

eBay UK has waived seller fee for preloved clothing in its bid to support the circular economy and reduce fashion waste.

What is behind the growing trend for resale and rental in fashion and what does it mean for the apparel sector and consumers?

UK retailers are banking on warmer weather to boost clothing sales following a series of lacklustre years, following BRC March data.

The £700k Sustainable Transition Fund aims to enhance the UK’s fashion and textile industry’s sustainability trajectory.