Business

From words to measurable impact: OECD due diligence forum urges transition

The main sessions of the 2026 OECD Forum on Due Diligence in the Garment and Footwear Sector, which took place on 11 and 12 February, centred on the urgent transition from a culture of compliance to one of tangible impact, specifically focusing on how global brands must navigate an increasingly volatile geopolitical landscape. In his opening...

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What do the election results mean for Bangladesh’s garment and textile sector?

Following the unprecedented unrest of late 2024 and the subsequent interim administration, Bangladesh voted last Thursday and declared results on Friday: The BNP-led alliance won 209 seats and the Jamaat-led bloc secured 68 in the 297 constituencies for which results were declared. For the ready-made garment (RMG) sector—the very heartbeat of...

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Walmart highlights fashion strength while navigating macroeconomic headwinds

The US-based retail giant Walmart concluded fiscal year 2026 with record annual revenue of 713.16 billion dollars, marking a 4.7 percent increase (5.1 percent in constant currency). Despite achieving standalone profitability in its e-commerce segment, management emphasized a balanced outlook for fiscal year 2027, factoring in significant...

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Aritzia acquires Fred Segal as it accelerates US expansion

Aritzia has acquired Fred Segal from Fred Segal Family LLC, as the Canadian womenswear brand continues on its strong growth path across North America and potentially Europe. In addition to purchasing the Fred Segal brand, intellectual property, and trademarks, Aritzia has also secured the lease for 8100 Melrose Avenue, the original location of...

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