Primark, one of Europe's biggest fast fashion chains, has pledged to train an additional 125,000 smallholder cotton farmers in more sustainable farming methods in India, Pakistan and Bangladesh by the end of 2023.
Zara-owner Inditex's little-known budget brand Lefties started online sales in Spain and Portugal on Thursday, giving the label a digital advantage over discount fashion chain Primark in its second-biggest market.
Primark's full-year results showed it bucking the market trend but not immune to it. Its sales and profits rose but like-for-like sales fell. However, the UK, Europe and US all proved strong in the circumstances.
Boohoo Group has announced a new CEO from rival Primark with current co-CEO Carol Kane set to stand down as part of a board re-alignment. But Kane will remain heavily involved with company and will take on a new role.
Primark continues to see impressive growth as its store openings widen its reach, dollar exchange rates begin to work in its favour, its Italian debut is declared a success and it expects higher profits.
Primark faced the same headwinds as many of its fashion retail peers in the the past six months but weathered them better than those rivals for the most part, even if margins ended down slightly and comp sales did too.