Breaking News – Oerlikon sells Tape and Monofilament Technologies to Starlinger

Oerlikon announced today that the company will continue to align their Manmade Fibers Segment product portfolio with the future of innovative Industry 4.0 plant solutions putting greater focus on their core business of filament, staple fibre and nonwovens. As a result, the corporate group will divest their technology solutions for tape and monofilament plants. The … More Breaking News – Oerlikon sells Tape and Monofilament Technologies to Starlinger

Recruitment incentives continue to drive modern slavery

The point of recruitment is a recognised pinch point for modern slavery, but entrenched interests mean that solutions have to work hard to achieve impactful change Illicit revenues from forced labour stand at $150 billion a year, the Consumer Goods Forum estimates – so there is a lot of incentive for such practices to continue. And, … More Recruitment incentives continue to drive modern slavery

The Mystery of the USD 70 Hoodie that is all over Facebook

By guest author By Khadeeja Safdar from Wall Street Journal Online sellers are using Facebook ads to flip products purchased from marketplace sites; it is retail arbitrage. Liz Carlson forked over USD 70 for a “heavyweight cotton” hoodie after seeing an enticing ad on Facebook that claimed it had “the softest interior we’ve ever created.” … More The Mystery of the USD 70 Hoodie that is all over Facebook

‘Leery’ customers prompt Walmart to shelve self-scanning service

Walmart has ended a service where customers could ring up their own purchases, showing that old habits die hard even in the digital age. The retailer had offered its so-called “Mobile Scan & Go” technology in about 150 Walmart stores, after a successful rollout across its Sam’s Club warehouse chain. But while the service worked … More ‘Leery’ customers prompt Walmart to shelve self-scanning service

U.S. Staple Cotton acquires 50 % stake in TJ Beall Company

Staple Cotton Cooperative Association (Staplcotn), one of the largest producer-owned cotton marketing cooperatives in the US, has acquired a 50 per cent stake in Gary Beall Enterprises, a manufacturer and supplier of natural cotton fibres. Gary Beall conducts business as TJ Beall Company. Mississippi based Wildwood Gin owns the rest of the stake in TJ … More U.S. Staple Cotton acquires 50 % stake in TJ Beall Company

U.S. Graduation spending to reach USD 5.2 billion with cash and greeting cards as most popular gifts

Consumers say they will spoil high school and college graduates this year by filling their greeting cards with gift cards and cash, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “Graduation is a huge milestone for students and parents alike, and retailers are ready to help … More U.S. Graduation spending to reach USD 5.2 billion with cash and greeting cards as most popular gifts