CORPORATE AND M&A
+++ Etsy will lay off 220 employees (about 12% of its workforce) as part of an organizational restructuring, while reporting 6% revenue growth but a $46.7 million quarterly net loss and reaffirming AI as a tool to augment – not replace – its workforce +++
RETAIL & DISTRIBUTION
+++ Decathlon has opened its first store on Fuerteventura, expanding its presence in the Canary Islands to eight locations and its Spanish retail network to 176 stores
+++ JanSport has opened its first global flagship store in Seoul, expanding its retail presence in Asia while debuting its full lifestyle product range and immersive brand experience +++
CSR & SUSTAINABILITY
+++ The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Global Reporting Initiative (GRI) have signed a strategic partnership that supports the Improving Transparency for Sustainable Business (ITSB) multi-year initiative +++
TRADE SHOWS & EVENTS
+++ Intertextile Shanghai Apparel Fabrics – Autumn Edition 2026 will take place on August 25-27 at the National Exhibition and Convention Center (Shanghai), with a focus on four major themes: Fashion Forward, Performance Textiles, Sustainability, and Textile Future +++
PRODUCT & MARKETING
+++ USWE has renewed its partnership as the official hydration pack partner of the 2026 Red Bull Tennessee Knockout, where 63% of riders used its hydration packs in last year’s event +++
EXECUTIVE CHANGES
+++ JD Sports has appointed former IKEA CEO Peter Agnefjäll as chairman, effective Sept. 1, succeeding interim chair Darren Shapland, who will remain on the board as an independent director +++
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