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Kearney's 2025 Circular Fashion Index reveals unmet scaling potential
Kearney's 2025 Circular Fashion Index reveals unmet scaling potential

Yahoo

timean hour ago

  • Business
  • Yahoo

Kearney's 2025 Circular Fashion Index reveals unmet scaling potential

The Circular Fashion Index Report (CFX 2025), now in its fifth year, provides an extensive analysis of the industry's progress in adopting circular practices. It encompasses 246 apparel brands from 18 countries, covering five key product categories namely fashion, footwear, sports, outdoor and underwear and lingerie. The report measures brand performance across seven dimensions that span the entire lifecycle of a product and beyond. Kearney Americas fashion and luxury lead and co-author of the report Nora Kleinewillinghoefer said: "While our top-ranking companies continued to pull ahead, the majority of brands find themselves stuck between ambition and execution, making progress in some facets, but not transforming themselves across all dimensions in an integrated way. "For most companies we researched, circularity efforts are too often siloed in sustainability departments, rather than being embedded into product development, sourcing, supply chain, and commercial operations." Key findings of CFX 2025 Over 70% of brands score in the "moderate" range across the CFX dimensions, indicating that circularity is becoming a standard part of their strategic commitments and initial programmes. Only 3 to 5% of brands demonstrate "extensive" implementation levels, highlighting a major conversion gap in scaling up these practices. Europe and North America are at the forefront with average scores of 3.6 and 3.4 respectively. Driven by improvements in several markets, Europe has seen a substantial increase since 2024. It is also influenced by a stricter regulatory environment that includes incentives for repair, extended producer responsibility schemes, and upcoming eco-design requirements. Kearney's industrial redesign practice, PERLab partner and Americas lead Namrata Shah said: "Even in the strongest-growing areas, progress in the adoption of circular design principles and raw material reuse was mostly limited to shifts from 'limited' to 'moderate' maturity. What's needed now is a strategic reframing and circularity must be treated as a lever for growth, not just a compliance exercise. This means embedding it into how brands design, source, sell, and service their products." Commenting on the analysis, Kearney partner Dario Minutella said 'execution gaps' stem from the absence of critical enablers that include scalable infrastructure, integrated systems, cross-functional ownership, and business models that are financially sustainable. 'The message in this research is clear: while directionally correct, the industry's pace must now shift gears. As regulation moves from policy to enforcement, incremental gains are no longer sufficient. Brands need to move from declaring ambition to delivering evidence, systematically, and at scale," Minutella added. "Kearney's 2025 Circular Fashion Index reveals unmet scaling potential" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Tourism chiefs in NI confident of another swift return of the Open
Tourism chiefs in NI confident of another swift return of the Open

Leader Live

time2 days ago

  • Business
  • Leader Live

Tourism chiefs in NI confident of another swift return of the Open

Almost 280,000 spectators attended Royal Portrush Golf Club across a week that culminated with world No 1 golfer Scottie Scheffler lifting the prized Claret Jug in front of thousands of cheering fans around the sun-drenched 18th green on Sunday evening. The 153rd Open at Portrush was the second-best attended event in the championship's long history. When the Open came to Northern Ireland in 2019 after an almost 70-year absence, tournament organisers, the R&A, committed to staging it at Royal Portrush at least two more times. There was surprise at how soon the sporting showpiece then returned, especially as the event skipped a year because of the pandemic in 2020. Tourism NI is now hopeful that there will be a similar timeline for the next staging of the major championship on the region's scenic north coast. The tourism promotion body's director of events Aine Kearney said the R&A's feedback on last week's event had been overwhelmingly positive. 'We've had really positive engagement with senior people in the R&A and they just told us how well it's gone,' she said. 'And we hope that puts us in a really good place in terms of them coming back as quickly as they did after 2019.' She added: 'It's been an outstanding success. And I think that's something that's been echoed by the R&A, we've heard the same from the golfers, we've heard the same from all the visitors that have come to experience not only the golf but also the destination. 'The feedback has been absolutely fabulous in terms of how successful it's been, and how much we've been able to shine a light on Northern Ireland as a fabulous destination.' After the 2019 Open in Portrush, revenue generated by golf tourism in Northern Ireland has jumped by 66% to £86 million per annum. Ms Kearney said there was hope the trade would see a similar 'bounce' on the back of this year's event. 'What we do know is that there were a lot of people playing golf while they were here (for the Open),' she said. 'The reports we have from all of our golf clubs is that their tee time sales this week were absolutely unbelievable and that puts them in a really good position, not only from the income they got from that to be able to continue to invest in their product, but also the advocacy that will come from the people that played.' She added: 'Hopefully, from that advocacy and the 100 million viewers across 190 countries that saw not only the world's best golfers playing, but also the magic of the landscape and the destination … we hopefully will look to see a similar increase to what we saw on the back of 2019, that was a 66% increase to £86 million. 'If we get that similar bounce again, we'll be very, very happy.' Ms Kearney said her overriding emotion following the tournament was 'pride'. 'It's absolute pride in terms of how we turned up as a destination, how we showed the world just what an amazing place this is to live, to visit and invest,' she said.

Aldi announces opening date for new North Wales store
Aldi announces opening date for new North Wales store

North Wales Live

time2 days ago

  • Business
  • North Wales Live

Aldi announces opening date for new North Wales store

A new Aldi store is set to open in North Wales. The German-owned discount chain are launching a new site on The Airfields, Welsh Road, Deeside on Thursday, August 14. The new store - which throws open its doors at 8am that day - will be run by store manager Spencer Kearney, along with a team of 27 colleagues from the local community. When it was mooted earlier this year the 21,000 sq ft supermarket just off the A494 was expected to be one of the largest in the UK. Mr Kearney and his team will be joined by Olympic bronze medal-winning diver Lois Toulson to celebrate the store opening by cutting a ribbon on the opening morning. Lois will also give away complimentary bags of fresh fruit and vegetables from Aldi's famous Super 6 range to the first 30 customers in the queue. Mr Kearney said: 'We can't wait to open the doors to the new store in Deeside. It's set to be a special day and having Olympic hero Lois Toulson join us will make it a morning to remember.' Lois added: 'I'm so excited to be opening Aldi's new store. It will be great to chat to customers and a lovely way for me to thank Aldi for its support of Team GB.' The new Aldi store is also calling on local charities and food banks in Deeside to register with Neighbourly, a community engagement platform that links businesses to charitable organisations in the local community. Local charities that register will be able to collect surplus food and perishable products, such as fruit, vegetables and baked goods, seven days a week. Any charities in the area that would like to partner up with the new Aldi store should email aldi@

Tourism chiefs in NI confident of another swift return of the Open
Tourism chiefs in NI confident of another swift return of the Open

South Wales Argus

time2 days ago

  • Business
  • South Wales Argus

Tourism chiefs in NI confident of another swift return of the Open

Almost 280,000 spectators attended Royal Portrush Golf Club across a week that culminated with world No 1 golfer Scottie Scheffler lifting the prized Claret Jug in front of thousands of cheering fans around the sun-drenched 18th green on Sunday evening. The 153rd Open at Portrush was the second-best attended event in the championship's long history. Aine Kearney at Royal Portrush Golf Club during the Open (Tourism NI/PA) When the Open came to Northern Ireland in 2019 after an almost 70-year absence, tournament organisers, the R&A, committed to staging it at Royal Portrush at least two more times. There was surprise at how soon the sporting showpiece then returned, especially as the event skipped a year because of the pandemic in 2020. Tourism NI is now hopeful that there will be a similar timeline for the next staging of the major championship on the region's scenic north coast. The tourism promotion body's director of events Aine Kearney said the R&A's feedback on last week's event had been overwhelmingly positive. 'We've had really positive engagement with senior people in the R&A and they just told us how well it's gone,' she said. 'And we hope that puts us in a really good place in terms of them coming back as quickly as they did after 2019.' She added: 'It's been an outstanding success. And I think that's something that's been echoed by the R&A, we've heard the same from the golfers, we've heard the same from all the visitors that have come to experience not only the golf but also the destination. 'The feedback has been absolutely fabulous in terms of how successful it's been, and how much we've been able to shine a light on Northern Ireland as a fabulous destination.' After the 2019 Open in Portrush, revenue generated by golf tourism in Northern Ireland has jumped by 66% to £86 million per annum. Ms Kearney said there was hope the trade would see a similar 'bounce' on the back of this year's event. 'What we do know is that there were a lot of people playing golf while they were here (for the Open),' she said. 'The reports we have from all of our golf clubs is that their tee time sales this week were absolutely unbelievable and that puts them in a really good position, not only from the income they got from that to be able to continue to invest in their product, but also the advocacy that will come from the people that played.' She added: 'Hopefully, from that advocacy and the 100 million viewers across 190 countries that saw not only the world's best golfers playing, but also the magic of the landscape and the destination … we hopefully will look to see a similar increase to what we saw on the back of 2019, that was a 66% increase to £86 million. 'If we get that similar bounce again, we'll be very, very happy.' Ms Kearney said her overriding emotion following the tournament was 'pride'. 'It's absolute pride in terms of how we turned up as a destination, how we showed the world just what an amazing place this is to live, to visit and invest,' she said.

Tourism chiefs in NI confident of another swift return of the Open
Tourism chiefs in NI confident of another swift return of the Open

South Wales Guardian

time2 days ago

  • Business
  • South Wales Guardian

Tourism chiefs in NI confident of another swift return of the Open

Almost 280,000 spectators attended Royal Portrush Golf Club across a week that culminated with world No 1 golfer Scottie Scheffler lifting the prized Claret Jug in front of thousands of cheering fans around the sun-drenched 18th green on Sunday evening. The 153rd Open at Portrush was the second-best attended event in the championship's long history. When the Open came to Northern Ireland in 2019 after an almost 70-year absence, tournament organisers, the R&A, committed to staging it at Royal Portrush at least two more times. There was surprise at how soon the sporting showpiece then returned, especially as the event skipped a year because of the pandemic in 2020. Tourism NI is now hopeful that there will be a similar timeline for the next staging of the major championship on the region's scenic north coast. The tourism promotion body's director of events Aine Kearney said the R&A's feedback on last week's event had been overwhelmingly positive. 'We've had really positive engagement with senior people in the R&A and they just told us how well it's gone,' she said. 'And we hope that puts us in a really good place in terms of them coming back as quickly as they did after 2019.' She added: 'It's been an outstanding success. And I think that's something that's been echoed by the R&A, we've heard the same from the golfers, we've heard the same from all the visitors that have come to experience not only the golf but also the destination. 'The feedback has been absolutely fabulous in terms of how successful it's been, and how much we've been able to shine a light on Northern Ireland as a fabulous destination.' After the 2019 Open in Portrush, revenue generated by golf tourism in Northern Ireland has jumped by 66% to £86 million per annum. Ms Kearney said there was hope the trade would see a similar 'bounce' on the back of this year's event. 'What we do know is that there were a lot of people playing golf while they were here (for the Open),' she said. 'The reports we have from all of our golf clubs is that their tee time sales this week were absolutely unbelievable and that puts them in a really good position, not only from the income they got from that to be able to continue to invest in their product, but also the advocacy that will come from the people that played.' She added: 'Hopefully, from that advocacy and the 100 million viewers across 190 countries that saw not only the world's best golfers playing, but also the magic of the landscape and the destination … we hopefully will look to see a similar increase to what we saw on the back of 2019, that was a 66% increase to £86 million. 'If we get that similar bounce again, we'll be very, very happy.' Ms Kearney said her overriding emotion following the tournament was 'pride'. 'It's absolute pride in terms of how we turned up as a destination, how we showed the world just what an amazing place this is to live, to visit and invest,' she said.

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