NPO exerts pressure on FMCG and retail giants to cut plastic usage
NPO exerts pressure on FMCG and retail giants to cut plastic usage

Citing new data on the growing plastic pollution problem, California-based not-for-profit group As You Sow has filed shareholder proposals with 10 leading consumer goods companies and retailers, calling for commitments to absolute cuts in the use of plastic packaging.

2 days ago

2020 digital holiday sales climb to $1.1tn globally - Salesforce
2020 digital holiday sales climb to $1.1tn globally - Salesforce

New data from global CRM company Salesforce shows a 50% increase in digital spend when compared to the 2019 shopping season, making 2020 one of the biggest digital holiday shopping seasons to date. Consumers spent $1.1tn online worldwide, compared to $723bn worldwide in 2019.

13 Jan 2021

Secondhand clothing sales are booming - and may help solve the sustainability crisis in the fashion industry
Secondhand clothing sales are booming - and may help solve the sustainability crisis in the fashion industry

A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10 years - from $28bn in 2019 to $80 billion in 2029 - in a U.S. market currently worth $379bn. In 2019, secondhand clothing expanded 21 times faster than conventional apparel retail did.

By Hyejune Park and Cosette Marie Joyner Armstrong 11 Jan 2021

#BizTrends2021: Recalibrating for diminished growth - resolutions for 2021
#BizTrends2021: Recalibrating for diminished growth - resolutions for 2021

Despite the dissemination of vaccines in the months ahead and as expectations of more normal behaviours edge closer, a larger portion of consumer spending will be impacted by recessionary conditions in most countries where Covid-19 leaves a trail of high unemployment, lower confidence levels and economies that will take years to fully recover.

Ailsa WingfieldBy Ailsa Wingfield 11 Jan 2021

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