Waste Not: Taiwan Workshop Turns Trash into Sunglasses 

Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
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Waste Not: Taiwan Workshop Turns Trash into Sunglasses 

Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)

Plastic bottle caps, food packaging, single-use utensils and scrapped toys are just some of the throw-away items that have been given a new life at a zero-waste workshop in Taipei.

Customers get hands-on experience in the recycling process, taking plastic waste brought from home, and melting and molding it into a pair of sunglasses within two hours.

"What we are trying to show in the Trash Kitchen is to let you see, feel, touch within minutes how this process can actually work without secondary pollution, and you can actually turn it into something of value directly in front of you," Arthur Huang, founder of Miniwiz, the company that runs the workshop, told Reuters.

The Taiwan company also produces tiles, bricks, hangers and other daily necessities from plastic and organic waste, using a "miniTrashpresso", a machine it developed in 2017, Huang said.

Kora Hsieh, editor-in-chief for fashion magazine Harper's Bazaar Taiwan, said the sunglasses project is a good initiative to promote sustainable fashion.

"I think environmental protection and fashion still have a long way to go. As for consumers, it is important for them to get first-hand experience, so a workshop like this is very helpful," she said.

Participants said the workshop inspired them to think twice about producing trash and pay more attention to reusable items.

"I have two children. I need to think about their future," said business owner Debbie Wu, 40.

"If you throw away trash without thinking, you kick the problem down the road. So if everyone can do their best, recycle and use less plastic, that will make a big difference," Wu said.

Taiwan produced a record 11.58 million metric tons of waste in 2023, including 6.27 million tons of recyclable trash, according to data from the Ministry of Environment.



Abercrombie & Fitch Lifts Sales Forecast on Trendy Apparel Demand; Lofty Expectations Hit Shares

A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. (Getty Images via AFP)
A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. (Getty Images via AFP)
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Abercrombie & Fitch Lifts Sales Forecast on Trendy Apparel Demand; Lofty Expectations Hit Shares

A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. (Getty Images via AFP)
A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. (Getty Images via AFP)

Abercrombie & Fitch raised its annual sales target on Wednesday after reporting better-than-expected quarterly revenue, but shares of the company fell 14% as investors expected a bigger forecast bump from the high-flying retailer.

The stock has surged about 89% so far this year after nearly quadrupling in 2023.

"While the market may have been looking for a stronger guidance lift for the year, given momentum across the business, we see a beat and raise as impressive given a moderating top line outlook in response to a choppy macro environment across many of Abercrombie's specialty retail peers," said Dana Telsey, analyst at Telsey Advisory Group.

Abercrombie has been revamping its merchandise with new styles, featuring dressier apparel and cargo pants while tapping into growing demand for wide-legged jeans, helping it draw in fashion-savvy shoppers.

Retailers ranging from department store chains Macy's to home improvement chain Home Depot struck a cautious note and trimmed their annual sales forecasts, blaming weak discretionary demand. Strong results from Target and Walmart showed shoppers were looking for bargains amid budget constraints.

Sales at the Abercrombie brand jumped 26% in the quarter ended Aug. 3, while its Hollister division reported a 17% rise due to better-than-expected back-to-school selling.

The company now expects net sales to rise between 12% and 13% in fiscal 2024, compared with its prior forecast of around 10% growth.

Abercrombie CEO Fran Horowitz said the forecast raise came despite "an increasingly uncertain environment".

The company saw benefits from lower promotions and lower cotton costs, which helped it improve its gross profit rate by 240 basis points to 64.9%. However, it expects pressure from freight costs in the back half of the year.

In the second quarter, it reported profit of $2.50 per share, beating an estimate of $2.22, according to LSEG data.

Net sales rose 21% to $1.13 billion in the second quarter, compared with analysts' estimate of $1.10 billion.