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Perfect Stranger has also driven the lift with double-digit sales growth.
“If it’s the fashion industry that makes the profits, then it must be responsible for doing better by the environment."
The winner is planning to establish a micro mill in North West Tasmania using the funds.
Until now, textile-to-textile nylon 6,6 has been unrecyclable.
The department store brought together 100 fashion industry leaders with a dinner and presentation to mark the move.
Apparel and jewellery is the largest category sold through Stockland town centres.
"Customers are increasingly cautious and trading down," Woolworths Group CEO Brad Banducci said.
The Big W parent company has already named a successor.
The rebate funding will go towards biodiversity preservation and land regeneration projects.
Step One has recently signed on a prominent UK department store as a new stockist.
Kathmandu is expecting to make the highest loss in first half sales, at 21.5%.
This involves Sass & Bide, Marcs and David Lawrence fashion brands.
The news came nine days after Nique signed a wholesale deal with a Brisbane-based jeweller.
Australia's total workforce has lifted by over half a million Australians since January 2023.
The outdoor-wear brand's plastic-free goal is now 96.14% complete.
Consumer and small business advocates have been given a new avenue to raise complaints.