The global textiles industry is producing more than ever before, but shifts from conventional materials to lower-impact alternatives have stagnated, according to a report published Wednesday by non-profit Textile Exchange.
Shares of Tesla Inc pared early gains while Twitter Inc surged on Tuesday after reports that billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share.
The rapper formerly known as Kanye West dominated conversation around Paris Fashion Week for a second day, unleashing a torrent of Instagram posts and stories at critics and industry figures following his show on Monday night.
GoodwillFinds is a curated marketplace of donated goods that seeks to compete with Poshmark and The RealReal, secondhand sites where resale has become sport to shoppers hunting luxury items to flip for profit.
The new law comes into effect in January 2025 and prohibits the manufacture, sale or distribution of new textiles and apparel products containing perfluoroalkyl and polyfluoroalkyl substances, or PFAS, a group of chemicals commonly used to make garments waterproof or stain-resistant.
Nike Inc cautioned on Thursday that gross margins would remain under pressure through the year as the world’s largest sportswear maker joined peers in warning of a blow from ramped up discounts and a rapidly strengthening dollar.