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Tag: News

Phone Phishing Frenzy: Watch Out for “Smishing” Scams!

Phone Phishing Frenzy: Watch Out for “Smishing” Scams!

News, Fashion Tech News, Global
Phone Phishing Frenzy: Watch Out for "Smishing" Scams! Your phone rings, buzzes, vibrates – constantly vying for your attention. But be careful, because those seemingly harmless text messages could be hiding a wolf in sheep's clothing. Enter "smishing," a cunning scam infiltrating mobile devices, masquerading as legitimate communication from familiar entities like banks, package delivery services, or even friends. These swindlers weave alluring tales and urgent warnings, all with the sinister goal of pilfering your personal information and hard-earned cash. “We see a lot of it with people posturing banks, saying ‘This is Chase Bank, there is a hold on your account due to a security breach, click here to verify your information,’” said Amy Nofziger, the director of fraud victim supp...
Bangladesh’s Woes Open a Window for Pakistan’s Textile Exports

Bangladesh’s Woes Open a Window for Pakistan’s Textile Exports

News, Retail News
Bangladesh's Woes Open a Window for Pakistan's Textile Exports Amid labor strikes in Bangladesh over dissatisfaction with a government-mandated pay increase, nearly 40 factories have closed, creating a potential opportunity for Pakistan's textile exports. The wage rate adjustments in Bangladesh occurred close to the country's elections, resulting in strikes and a higher risk profile for businesses. Major retailers, such as H&M, which source 60% of their goods from Bangladesh, have adjusted orders, providing Pakistan a limited window to attract some orders. However, Pakistan faces challenges in competing with Bangladesh's pricing. While there may be opportunities in the new year, the window for holiday season orders has passed. While some orders may flow Pakistan’s way in the ...
Fast Fashion Showdown: Temu vs. Shein in Legal Battle over Alleged Unfair Practices

Fast Fashion Showdown: Temu vs. Shein in Legal Battle over Alleged Unfair Practices

News, Fast Fashion News, Global
Fast Fashion Showdown: Temu vs. Shein in Legal Battle over Alleged Unfair Practices Temu, a Chinese e-commerce retailer, has initiated legal proceedings against its rival Shein, leveling serious accusations of "mafia-style intimidation" and other offenses. Filed as a 100-page complaint in a federal court in Washington D.C., the lawsuit alleges that Shein has been employing questionable copyright infringement notices against Temu and engaging in coercive tactics with suppliers to hinder Temu's growth in the U.S. The crux of Temu's complaint revolves around Shein's alleged summoning of suppliers believed to be associated with Temu to its offices. Once there, Shein purportedly detains these suppliers for extended periods, seizes their phones, and issues threats of penalties for conducti...
Fashion & luxury, 23 Italian companies make it to the top 100, but there’s a call for more innovation

Fashion & luxury, 23 Italian companies make it to the top 100, but there’s a call for more innovation

News, Fashion Tech News
Fashion & luxury, 23 Italian companies make it to the top 100, but there's a call for more innovation. Italy's fashion scene is strutting its stuff, snagging a whopping 23 spots on the "best in the world" list. From legendary names like Prada and Gucci to rising stars like Bottega Veneta, Italian style has the world swooning. But there's a whisper in the air: to stay on top, Italy's fashion needs to be more than just pretty. Here's the deal: people are changing how they shop and what they care about. Sustainability, fair practices, and cool digital experiences are the new must-haves. Italy's old-school magic is amazing, but it needs a modern twist to keep up. Think about it like this: imagine Italy's fashion as a runway show. It's full of gorgeous outfits and everyone's clapping, ...
Big Industry Output Shrinks in October, Raising Concerns

Big Industry Output Shrinks in October, Raising Concerns

News
Big Industry Output Shrinks in October, Raising Concerns A cold wind swept through the manufacturing sector in October, with large-scale industrial output (LSM) contracting by 4.08% year-on-year, according to data released this week. This unexpected dip marks a worrying trend and raises questions about the health of the economy. Pakistan's Large Scale Manufacturing (LSM) contracted by 4.08% YoY, with key contributors to the decline including the textile, paper and board, iron and steel, electrical equipment, automobiles, and furniture sectors. In October, there was a notable decline in iron and steel production, which experienced a decrease of 1.56pc and electrical equipment of 17.20pc. The production of fertilizers experienced a surge of 8.81pc, while the production of rubber item...
Golf Clothing Market Projected to Soar Past $1.5 Billion by 2030

Golf Clothing Market Projected to Soar Past $1.5 Billion by 2030

News, Retail News
Golf Clothing Market Projected to Soar Past $1.5 Billion by 2030 The world of golf apparel is enjoying a birdie-bright future, with a new forecast predicting a stunning 6.0% annual growth rate and a total market value exceeding $1.55 billion by 2030. This exciting news for golf enthusiasts and industry players alike suggests a green haven amidst uncertainties in other sectors. Driving the Growth: Rising Participation: Golf is experiencing a resurgence in popularity, driven by factors like increased disposable income, health and wellness trends, and the accessibility of driving ranges and simulators. This surge in participants is translating into higher demand for golf clothing. Technological Advancements: Performance fabrics, breathable materials, and moisture-wicking techn...
U.S. Polo Assn. Gallops onto the Digital Scene with “Field x Fashion” Magazine

U.S. Polo Assn. Gallops onto the Digital Scene with “Field x Fashion” Magazine

News, Events
U.S. Polo Assn. Gallops onto the Digital Scene with "Field x Fashion" Magazine Move over, glossy print! U.S. Polo Assn., the official brand of the United States Polo Association (USPA), is redefining the world of fashion magazines with the launch of Field x Fashion, a stunning new digital publication that blends sport, style, and influencer trends into one immersive experience. Forget static spreads and dated layouts. Field x Fashion explodes onto the screen with dynamic video content, interactive features, and exclusive behind-the-scenes glimpses into the world of U.S. Polo Assn. This isn't just a magazine; it's a digital playground where fashion meets athleticism, influencers inspire, and the spirit of polo comes alive. Targeted at a young, digitally-savvy audience, the magazine cov...
Milan Men’s Fashion Week Kicks Off: A Glimpse into January 2024

Milan Men’s Fashion Week Kicks Off: A Glimpse into January 2024

News, Events
Milan Men's Fashion Week Kicks Off: A Glimpse into January 2024 The sartorial scene in Milan is buzzing with anticipation as Milan Men's Fashion Week officially kicks off today, January 12th, 2024. This season promises a diverse array of collections from established fashion houses and rising stars, showcasing the latest trends and innovations in menswear for Fall/Winter 2024. Here's a sneak peek at what you can expect: Fresh Faces and Familiar Names: The schedule features debuts from exciting new talents like Sabato De Sarno, taking the helm at Gucci, alongside seasoned veterans like Tod's and Dsquared2. Sustainable Threads: Sustainability continues to be a major focus, with brands like Stone Island and Zegna incorporating upcycled materials and eco-friendly practices into th...
US apparel sector issues caution over new US-China relationship proposal

US apparel sector issues caution over new US-China relationship proposal

News, Global
US apparel sector issues caution over new US-China relationship proposal The US apparel sector has raised concerns about a bipartisan proposal aimed at resetting the economic relationship between the United States and China. While acknowledging the need for reform, industry leaders warn that the proposed measures could backfire, leading to higher costs for consumers and jeopardizing the livelihoods of millions of Americans employed in the apparel industry. Points of the Proposal: Focus on reducing reliance on China: The proposal calls for diversification of supply chains, increased domestic manufacturing, and decoupling from Chinese technology and infrastructure. Government intervention: The plan advocates for stricter enforcement of trade laws, potential tariffs, and subsidi...
Shein Reigns Supreme: Why the Fast-Fashion Giant Outpaces Zara and H&M

Shein Reigns Supreme: Why the Fast-Fashion Giant Outpaces Zara and H&M

News, Fast Fashion News, Global
Shein Reigns Supreme: Why the Fast-Fashion Giant Outpaces Zara and H&M Move over, Zara and H&M, there's a new king (or queen) in the fast-fashion jungle. Shein, the Chinese e-commerce giant, has surged past its established rivals to become the world's largest clothing retailer, a testament to its uniquely addictive formula of ultra-low prices, constant newness, and trend-savvy marketing. But why are people flocking to Shein in droves? Here are a few key reasons: Unbeatable Prices: Shein's prices are notoriously low, with dresses starting at just $5 and tops for under $10. This affordability makes it accessible to a wider audience, particularly Gen Z shoppers who are value-conscious and budget-savvy. Endless Variety: Craving a new outfit every week? Shein has you cov...