Burberry announced a new venture this week, one that will see it tackle a sweeping issue faced by apparel companies: deadstock fabrics. Two years after it vowed to stop destroying millions of dollars’ worth of unsold products, including beauty products and ready-to-wear, the Riccardo Tisci-helmed brand has unveiled the ReBurberry Fabric Initiative, in furtherance of which...
The COVID-19 pandemic has made it clearer than ever that we are at risk of losing control of our economies. Our institutions have increasingly struggled to meet the challenges of economic development before the onset of the COVID-19 crisis, and yet, throughout the pandemic we have seen surging stock market valuations of tech giants – including staggering CEO salaries –...
The pandemic is putting a hurt on the seafood industry, finds the largest study of COVID on U.S. fisheries, which suggests that American fishmongers may flounder – or go belly up – without more government aid. Monthly fresh seafood exports declined up to 43 percent compared to last year, while monthly imports fell up to...
After a major corporate fraud case hits a city, financially motivated neighborhood crimes like robbery and theft increase in the area, a new study suggests. Researchers from The Ohio State University and Indiana University found that the revelation of corporate accounting misconduct is linked to about a 2.3 percent increase in local financially motivated crimes...
The SARS-CoV-1 coronavirus pandemic has left a significant footprint on the global economy. For this reason, it had a substantial impact on the behaviour of all financial instruments, including cryptocurrencies. It turns out that the fluctuations experienced by the virtual currency market during this period reflect changes in other capital and commodity markets. This market...
Researchers from University of North Carolina-Chapel Hill and Tilburg University published a new paper in the Journal of Marketing that explores the rise of click-and-collect services and examines their most appropriate settings. The study, forthcoming in the Journal of Marketing, is titled “Navigating the Last Mile in Grocery Shopping: The Click and Collect Format” and is authored by...
Wine researchers are developing a fast and simple method of authenticating wine – a potential solution against the estimated billions of dollars’ worth of wine fraud globally, but also offering a possible means of building regional branding. The team of scientists were able to identify the geographical origins of wines originating from three wine regions...
The fashion and luxury segments of the market are synonymous with carefully curated branding and strict reputation management, which have been tested significantly amid the onset and continued impact of the COVID-19 pandemic. Against that background, management consultancy McKinsey & Company, together with the Business of Fashion, have recently published a report titled The State...
Off-White is suing a California ice cream chain, arguing that the unrelated party has run afoul of the law by selling products that bear – and adorning its outposts with – marks that are “confusingly similar” to Off-White’s own well-known trademarks. In the complaint that it filed in a California federal court on Tuesday, Off-White claims that...
The digital age brims with promise for the world’s half-billion smallholder farmers. Smartphones with the right apps can tell farmers when it’s likely going to rain, how to identify and eradicate pests, and negotiate the prices for a bountiful harvest delivered by a combination of hard work and big data. While digital technologies are steadily...
