UK-based disruptive waste management and recycling business MyGroup has launched a sustainable textiles project in Sri Lanka to reintroduce cotton cultivation and establish a materials recycling hub to help tackle the country’s ocean waste issue.
The sustainable textile production and manufacturing proof-of-concept will be spearheaded by the business’s ReFactory arm and focus on community building, MyGroup announced in a press release. Extending across the four Sri Lankan provinces of North West, North Central, Uva, and Eastern, the project is designed to reintroduce cotton cultivation in Sri Lanka for the first time since the 1970s.
“As the seeds are planted– both literally and figuratively– on our Sri Lanka project, MyGroup is forging a new path for planet-friendly textiles production that supports skilled artisans, particularly women, working in traditional local labour settings, while preserving the rich cultural heritage of this wonderful country,” said MyGroup’s director Steve Carrie in a press release. “Together with our drive to rid the country’s beaches of waste plastic, we hope to create long-term, positive change in communities and natural ecosystems, while creating products with a story– unlocking new commercial opportunities in markets where authenticity, sustainability and social impact drive consumer choice.”
For the textiles focused portion of the project, MyGroup’s ReFactory has joined forces with global non-profit consultancy firm Fibershed’s Sri Lankan arm. The initiative has also committed to employing and fairly compensating local artisans and workers
“We at Fibershed Sri Lanka warmly welcome international brands to collaborate with us in revitalising the nation’s textile and fashion heritage,” said Fibershed Sri Lanka’s founder Thilina Premjayanth. “Our partnership with MyGroup exemplifies our commitment to a broad spectrum of innovative projects that prioritise climate-beneficial regenerative agriculture, sustainable practices and community empowerment. Together, we aim to create a global benchmark for ethical, eco-friendly production, while supporting local artisans and preserving Sri Lanka’s rich cultural legacy.”
Analysts at UK bank Barclays think the split between Gucci and creative director Sabato De Sarno was “surprising, since the designer only joined the company in 2023,” and that his departure will cause “further disruption and uncertainty at Gucci in the short term,” also because the products designed by De Sarno were still being launched in-store in H2 2024. Hence there is greater risk for the label’s fiscal 2025 profitability.
De Sarno’s departure “could be seen as a small positive for the brand, since a potential new creative director might have a better chance of relaunching the label.” De Sarno’s designs “failed to reignite brand momentum during his short time at Gucci,” said Barclays, mentioning that the Italian designer joined Gucci in January 2023 to replace long-established creative director Alessandro Michele, “whose bold, eccentric aesthetic positively shook up the market and led Gucci to significantly overperform in the 2016-2020 period.”
After De Sarno’s arrival, “[Gucci’s] performance has remained weak so far. 2024 was a very tough year for the label, and we’re forecasting organic growth at 21% and EBIT margin at 20.7%, compared to 33.1% the year before,” concluded Barclays.
Post-purchase experience software provider parcelLab has launched its “industry’s first” Post Purchase Experience (PPX) Maturity Curve for retailers.
The framework “empowers retailers to discover how they compare to competitors and the strategic methods necessary for them to exceed best practices, build long-term customer loyalty, and drive new revenue”, it said.
With parcelLab’s latest innovation, it said brands can “benchmark against industry peers and truly work toward creating customers for life”.
The service includes a deep analysis of a company’s current post-purchase experience performance “by detailing steps to advance PPX maturity and evolving current strategies”. These methods assist retailers “to exceed growing customer expectations and increase brand loyalty”.
Zack Hamilton, SVP, Growth Strategy & Enablement at parcelLab, said: “This has been created based on one core belief: the post-purchase experience is pivotal in building long-term customer loyalty and increasing revenue.
“Through our initial analysis of over a thousand brands, we’ve discovered that many are still using tactical, reactive strategies and minimally focusing on personalisation. With this PPX Maturity Curve our team of experts can help organisations build the capabilities to transform mundane operational touchpoints into unique moments of pure joy for their customers.”
He also said the latest development “will see top retail brands learn and share PPX best practices as well as being offered thought leadership insights, networking opportunities, specialised training, and more”.
It might be easier to write about major shopping centres that haven’t done well. Braehead, the Scottish shopping and leisure destination, has told us of its “exceptional success” in 2024.
“With significant year-on-year growth in footfall, these results reinforce Braehead’s position as Scotland’s go-to… destination”, said new owner SGS Group.
Throughout 2024, the Glasgow mall saw an impressive 8.5% increase in footfall compared to the previous year, a rise that was also apparent during the critical Q4 ‘golden quarter’ with a 5.7% uplift compared to 2023 “as visitors were drawn to the centre to experience its diverse range of retail, food and leisure operators”.
The centre’s line-up was enhanced in 2024 with several store refurbishments and new openings including fashion brands Mango, Phase Eight, Castore and Remus Uomo joining its array of over 100 popular high street brands, including M&S, Primark, H&M, MAC and Apple. An already strongly-performing health & beauty category was also enhanced by the arrival of Rituals and Kiko Milano.
Looking ahead, the mall operator noted too that with the upcoming opening of the new River Clyde Bridge in March, Braehead will be able to increase accessibility to a wider catchment “to expand market penetration further”.
Rob Jewell, managing director, Asset Management at operator Pradera Lateral, said: “2024 has been a defining year for Braehead Shopping Centre, culminating in impressive footfall figures to end the year. With the addition of more globally recognised brands, alongside reinvestment from established retailers and its new owner SGS, the centre continues to be a leading shopping and leisure destination in Scotland.”