Unveiling the Untapped Potential: Textile-to-Textile Recycling in the US

A groundbreaking report has shed light on a significant economic opportunity lying dormant within the United States: textile-to-textile recycling. According to the report, this industry holds the potential to unlock a staggering $1.5 billion if approached correctly. However, despite the vast potential, the current state of textile disposal in the US is far from optimal, with a mere 15 percent of the country's 17 million tons of textile waste being recovered, leaving a staggering 85 percent to end up in landfills or incinerators.

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Improved Outlook for U.S. Fashion Retailers' Default Risk Signals May Recovery

In a promising turn of events, the default risk for U.S. retailers exhibited a slight improvement in May, signaling a potential rebound for the industry. The overall retail default risk decreased to 2.1 percent from April's 2.4 percent, marking a positive shift in the economic landscape. Particularly encouraging were the declines in default risks observed among fashion retailers, reflecting a trend towards stabilization and recovery.

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Fluctuating Cotton Prices in Brazil Reflect Global Market Dynamics

During the first half of May, cotton prices in Brazil underwent fluctuations, ultimately showing a downward trend by mid-month. Sellers, particularly those looking to clear stocks from the 2022-23 season, displayed flexibility in pricing early in the month. However, prices declined as certain industry players offered lower rates to secure new deals, according to the Centre for Advanced Studies on Applied Economics (CEPEA).

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