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LFW: GFF, Crisis & Love Not Landfill partner on emerging designer upcycling range

UK non-profit organisation the Graduate Fashion Foundation (GFF) has teamed up with the charity for homelessness Crisis, and ReLondon’s non-profit campaign Love Not Landfill to showcase and sell a range of 15 upcycled looks for LFW AW23. Students from a range of GFF member universities across the UK created 28 handcrafted outfits. They were...

21 Feb 2023

Business

EU Energy Council: EURATEX welcomes progress on the energy market reform

On Monday, the European energy ministers reached an agreement on a price cap for natural gas wholesale prices. Despite welcoming the adoption of the instrument and the prospect to limit gas price speculations on the stock market, EURATEX considers the cap at 180 €/MWh to be still too high. Also, the complexity of the conditionalities triggering...

20 Dec 2022

Business

The EU Textiles industry is highly concerned about the potential loss of competitiveness by the EU’s inaction of the energy crisis

Following yesterday’s European Council summit and its conclusions on the measures to tackle the energy crisis, the European textiles industry is extremely concerned about the fast loss of competitiveness of Europe and demands urgent action to save the industry. The chain of factors determining this sharp decline in our competitiveness is...

19 Dec 2022

Business

The European Commission proposes a price cap on wholesale gas at 275€/MWh that is disappointing for European textiles and clothing manufacturers

On Tuesday, EURATEX stated in a letter to EC President, Ursula von der Leyen, that any price cap above the level of 80€euro/MWh would not help the EU industry – the textile sector in particular – to survive the current crisis. Indeed as early as July 2021, the wholesale gas price in the EU was below 30€/MWh. Now, the EU industry is facing gas...

23 Nov 2022

Retail

In the run-up to Christmas, cautious consumers are keeping footfall below expectations

As the UK awaits the Government’s Autumn Budget update on Thursday, the expected tax rises and spending cuts are keeping shoppers at bay. New data released by retail experts Springboard, show footfall rose by just 1.3 percent across UK retail destinations last week, despite the run-up to Christmas expected to improve trading conditions. Footfall...

14 Nov 2022

RetailFeatured

Covid scars had deeper impact on UK retail than expected

The negative impact of the Covid-19 on the retail industry may have been underestimated, according to new official data. Findings from the UK’s Office for National Statistics (ONS) released on Monday indicate a shrunken economy and ongoing suffering in post-pandemic daily life for many individuals. The ONS said the revised estimates of GDP still...

1 Nov 2022

RetailFeatured

Rise in living costs to cut into Christmas spending

The run-up to the holiday season is well underway, with retailers predicting a lacklustre Christmas as soaring inflation digs into consumer purse strings. While the end of the year is meant to be a bonanza for retailers and brands, companies from Adidas to Asos are cuttings their forecasts, with H&M responding to the current crisis by launching...

30 Oct 2022

BusinessFeatured

Marks & Spencer to close 67 stores in bid to cut costs

British retailer Marks & Spencer will close 67 stores over the next five years as it aims to cut operational costs. In a report it also said it will attempt to fast-track the closures within three years, if possible. The closures equate to cutting 25 percent of Marks & Spencer’s full-line store portfolio in order to save 300 million pounds and...

13 Oct 2022

RetailFeatured

Cost of living crisis to impact holiday season turnover

With four out of ten households worried about affording Christmas, researching for the best value deals will take precedence this holiday season. In the US inflation rose 8.3 percent since last August, while in the UK it rose to 9.9 percent since the same period in 2021. Online sales are expected to be 95 billion dollar less in 2022 compared...

21 Sept 2022

Retail

The European textiles industry statement on the energy package

Last month, when gas wholesale prices reached the record level of 340€/MWh[1] – triggering also sky-high electricity prices – the European textiles industry called on the European Union to adopt a wholesale price cap for gas, the revision of the merit-order principle in the electricity market, support for SMEs and a single European strategy. On...

16 Sept 2022

BusinessFeatured

Global cotton crisis: Floods in Pakistan could damage 45 percent of country’s cotton

The devasting floods in Pakistan could be the beginning of a new cotton crisis. An estimated 40 to 45 percent of the country’s cotton crops have been ravished by storms. This will have a disastrous effect on the world’s cotton cycle, sending prices to rocketing heights. Pakistan is one of the world’s biggest cotton producers, the fifth largest...

1 Sept 2022

Business

European Textile Industry Calls for Immediate Action to Tackle the Energy Crisis - the Future of the European Industry is at Stake

The European textile & fashion in Europe, represented by EURATEX, calls for a single European strategy to tackle this energy crisis. To safeguard the future of the industry, a revision of the electricity price mechanism is necessary and an EU wide cap on gas prices at 80€/MWh. Special company support needs to be granted to avoid bankruptcy and...

26 Aug 2022