Fashion suffers in March as Britons rein in spending says Visa

Visa UK released its Consumer Spending Index for the month on Monday and it’s a fairly strong reflection of just how Britons are (or perhaps more accurately, aren’t) spending. Compiled by economists at IHS Markit for Visa, it’s based (with a few adjustments to account for other spending methods) on real spend using Visa cards, which account for over a third of all transactions in the UK. So just how big was the decline? Spending dropped 2.1% after a 1% fall in February, with face-to-face spend down by 3% while e-commerce dropped by 1.2%. Spending continued to fall in Clothing & Footwear, and at the quickest pace for five months (2.7%)คำพูดจาก สล็อตเว็บตรง. The category h…

Little good news in BRC’s May spending report as comparisons prove tough

Was it quite the bad news it seemed? Perhaps not. Sales had been up 4.1% a year ago as blisteringly hot weather, a massive royal wedding and looming sports mega fixtures all provided a boost. Most of that didn’t help the fashion sector that much, although summer clothing and accessories were in demand early in the season. But even though some kind of drop would have been expected this time, the figures still don’t look goodคำพูดจาก สล็อตเว็บตรง. And taking the three-month average up to May, sales increased only by 0.2%, which was their weakest growth in more than two years.

On a like-for-like basis, the May figures were even worse with a 3% fall, the biggest drop since l…

NGOs call out Amazon and Ebay for selling mercury-laden skincare

In an initiative led by The Mercury Policy Project (MPP), an international coalition of over 95 public interest, environmental and health groups, the activist NGOs sent letters to Amazon and eBay after allegedly identifying 19 skin lightening creams sold on both sites that contain what they call “illegal mercury levels.”According to the MPP, these creams have mercury levels “thousands of times higher than the legal limit of 1 part per million (ppm)” allowed in the U.S. คำพูดจาก สล็อตเว็บตรง

In tests conducted by the MPP and environmental NGO the Sierra Club, these cosmetics – including Sandal Whitening Beauty Cream, Face Fresh Beauty Cream, and others – were fo…

Metaverse years from being global phenomenon, says pioneer

Borget is co-founder of The Sandbox, a platform that began life as a game for mobile phones and PCs but is transforming itself into a virtual world where anyone can buy land in the form of digital tokens.Fashion brands like Gucci and Adidas, financial firms Axa and HSBC, and Warner Music are among those who have already chosen to set up shop in The Sandbox.คำพูดจาก สล็อตเว็บตรง

“Above all, it is a place for creativity and experience,” said Frenchman Borget, distancing himself from the idea that it is simply a commercial venture.”Brands don’t go there to monetise, we don’t know how to do that.”Enthusiasts are convinced that internet users in the near future will shop, ming…

Self-imposed austerity is the story as UK consumer confidence dips again

Its long-running Consumer Confidence Index has fallen two points for June to -9 compared to May’s -7, and significantly, all five of its measures were lower month-on-month (but not year-on-year).That overall score of -9 was, at least, better than June 2017 when it was -10, but it’s still far from being a strong number. Meanwhile, the Personal Financial Situation index measuring changes in personal finances during the last 12 months fell one point this month to zero, again, a point higher than this time last year but not exactly impressive.

The forecast for personal finances over the next 12 months also fell two points to +6 this month from May’s +8. Despite that fall, it suggests that consumers aren’t quite so gloomy about their own futures as their current spending patter…

Primark boosts sustainability cred with eco jeans launch

Primark, which has frequently been in the firing line in years gone by, has today launched its first jeans made entirely from sustainable cotton with a debut across the UK and Europe.It’s a big move for the retailer and one that’s likely to appeal to the mass of its Gen Z and Millennial customers who survey after survey show are extremely susceptible to marketing messages around eco-consciousness and other ethical issues.

The materials that go into the jeans are being sourced through the retail giant’s Sustainable Cotton Programme, which has a wide-ranging aim of reducing the use of chemical pesticides, cutting the huge amounts of water that the industry uses to make its products, and also boosting the incomes of the farmers who grow the cotton in the first place.The company…

Survey to document size changes in US & Canada

Besides the truck that will go on tour this month, 3D body scanners are already in place and ready to complete scans at North Carolina State University in Raleigh and Central Michigan University in Mount Pleasant. The survey is being conducted by Human Solutions in collaboration with the Canadian Institute, Vestechpro.The body measurements and proportions of the North American population have changed considerably in recent decades, as has the demographic structure of the US and Canada. The anthropometric data and standard size tables that are currently available derive from old data and can therefore only help the apparel industry in a limited way.

The changes that have occurred within the populations are not addressed and detailed information on specific target groups and market …

U.S. FTC probes Facebook’s acquisition practices

The company’s acquisition practices are the main focus of the probe, as the FTC looks into Facebook buying technology-based startups to keep them from challenging it, the report said. Facebook has purchased dozens of companies over the years, including messaging company WhatsApp and image sharing platform Instagram.Facebook last week said the FTC had opened an antitrust investigation in June looking into the areas of “social networking or social media services, digital advertising, and/or mobile or online applications.”Facebook shares were down 0.7%.

Both FTC and Facebook declined to comment on the report.The U.S. Justice Department said on July 23 it was opening a broad investigation of major digital technology firms, looking into whether they engage in anticompetitive practices,…

Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu- sources

Washington nonetheless plans to move forward this week with a bid to add as many as nine other Chinese companies to the list, one of the people said.The decision to shelve plans to add the Chinese tech giants is a blow to China hawks in the administration, who have been seeking to cement outgoing President Donald Trump’s tough-on-China legacy before his presidency ends on Jan. 20.

E-commerce giant Alibaba, search engine giant Baidu and video game leader Tencent, which owns messaging app WeChat, were on the short list to be added to a catalogue of alleged Chinese military companies, which would have subjected them to a new U.Sคำพูดจาก สล็อตเว็บตรง. investment ban.But T…

UK police find one of world’s biggest ever haul of fakes in Manchester

More than 580 tonnes of goods were found in 206 shipping containers on the outskirts of Manchester with police calling the seizure the largest in UK history, the largest in Europe in nearly two decades and one of the biggest ever worldwide.Counterfeits remain a huge problem for the fashion and beauty industries and reports said the find included “monumental quantities” of fake designer clothing. Meanwhile the discovery also led to factories that were making fragrances and the scary thing was that they were using chemicals including screen wash and white spirit.

It took two weeks for more than 100 officials to crack open the containers and process all the items discovered.An investigation is now under way to trace the source of the haul and to ensure those involved are arrested…