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News from World

cop.jpg 22 March 2023

COP28 talks are off to a rough start

International climate negotiators are divided over key elements of a United Nations fund they’re creating to distribute financial resources from richer nations to low-income countries impacted by climate change.

 

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download5.jpg 22 March 2023

Nike, too many stocks, discounts and less profits

Nike reported higher-than-forecast sales in its third quarter, but higher markdowns to help liquidate inventory weighed on profits. Profit at the sneaker maker fell 11% as it relied on higher markdowns. [Nike Sales Jump as It Works Through Inventory Glut - WSJ]

 

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download (1).jfif 22 March 2023

Artificial intelligence (AI) and retail

As the world's largest search engines unveiled new AI robots, the artificial intelligence (AI) is taking hold in  the value chain of fashion accessories, furniture, apparel and footwear, from optimizing resale experiences, helping shoppers find products that are suitable for reducing returns and customizing the purchase journey.

 

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kering.jpg 21 March 2023

Kering steps up its fight against carbon emissions

Kering has set itself the goal of reducing its carbon emissions by 40% by 2035. At Gucci, the latest commitment is that of the "Circular Hub", which makes use of the expertise of the MIL research laboratory in eco-responsible materials. [Kering accentue sa lutte contre les émissions carbone -  Les Echos]

 

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ramadan.jpg 21 March 2023

Ramadan begins today: how should international luxury brands deal with Ramadan?

Luxury brands are studying how to better respond to the business opportunities of Ramadan, while maintaining a respectful relationship with the holy month. Achieving the right balance requires advance planning. [What makes for a meaningful Ramadan campaign? - voguebusiness.com]

 

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download (1).jpg 21 March 2023

The Intergovernmental Panel on Climate Change (IPCC) has just launched its latest report on the climate crisis

The AR6 Synthesis Report: Climate Change 2023 finds that, despite progress in policies and legislation around climate mitigation since the previous such report in 2014, it's "likely that warming will exceed 1.5°C during the 21st century". Limiting warming to "well below 2°C", by 2030, as per the Paris Agreement targets, will be hard to achieve, but avoiding 1.5°C is still possible.

 

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