Retail

Cost of returns soars to 761 billion dollars

Retailers expect more than 761 billion dollars of unwanted merchandise sold last year to be returned by consumers, according to a report released by the National Retail Federation (NRF) and Appriss Retail. This accounts for an average of 16.6 percent of total U.S. retail sales, which soared to 4.583 trillion dollars in 2021. “As total retail...

2 hours ago

Fashion

London Fashion Week releases AW22 schedule

The British Fashion Council has unveiled the autumn/winter 2022 schedule for London Fashion Week, taking place from February 18 to 22. The February edition is being billed as a digital-physical hybrid event, showcasing both womenswear and menswear brands, with the schedule currently including 131 confirmed participating designers/organisations....

6 hours ago

Fashion

Moncler commits to going fur-free and joins Fur Free Retailer

Luxury Italian fashion brand Moncler has confirmed it is committing to going fur-free and will begin phasing out the use of all fur in its collection. In a statement, Moncler said that it will stop sourcing fur, obtained from animals specially bred or captured in the wild, from this year and that its last collection to feature fur will be...

10 hours ago

People

Decathlon taps IKEA digital chief as new CEO

French sporting retail group Decathlon has named Barbara Martin Coppola as its new CEO, effective mid-March. Coppola is a French and Spanish binational with over 22 years of experience at some of the world’s biggest digital and tech businesses, having held senior positions at the likes of Google, YouTube and Samsung. She joins from Swedish...

10 hours ago

Retail

Klarna launches physical payment card in the UK

Buy now, pay later payment firm Klarna has launched a physical payment card that can be used for in-store payments in the UK. The card will allow consumers to pay with Klarna’s ‘Pay in 30,’ meaning anytime up to 30 days after purchase. With additional payment options to be added in the future. The global banking, payments and shopping service...

10 hours ago

Fashion

Top five pre-fall 2022 women's trends

Pre-Fall has become one of the most essential selling seasons, with product sitting on the sales floor for up to six months (usually from June to December). Designers often take the opportunity to offer more commercial looks than in the runway seasons. Steff Yotka, writing in Vogue commented "Even in the best of times, pre-fall has traditionally...

15 hours ago

Retail

Bradford to trial UK Green Street sustainability scheme

A select number of independent businesses in Bradford are set to take part in a sustainable high street pilot scheme that aims to encourage retailers to become more eco-friendly in their operations. Green Street, a government-backed strategy, looks to help high street-based companies to become more sustainable through accessing free support and...

25 Jan 2022

Business

The coronavirus pandemic nearly doubled luxury sales in China

It takes more than a coronavirus pandemic to suppress the demand for luxury goods in China. Figures from Bain & Company show despite mounting global social and economic challenges, China’s luxury goods market finished another year with double-digit growth, with some brands exceeding a 70 percent increase. In 2021 the sales of luxury reached 471...

25 Jan 2022

More News

Business

SIGNA Sports posts 10 percent revenue growth

For its fourth quarter, SIGNA Sports United N.V. (SSU) reported net revenue growth of 10 percent to 247 million euros and 24 percent for FY2021 to 872 million euros, despite supply constraints in full-bike category. Excluding full-bike sales, the company said, net revenue grew 19 percent and 31 percent for Q4 and full year FY2021, respectively....

6 hours ago

Fashion

Footwear brand Vagabond steps into apparel with ‘The Jacket’

Swedish footwear brand Vagabond Shoemakers is branching out into apparel with the launch of a limited-edition jacket. The women’s leather jacket - aptly named just ‘The Jacket’ - has been developed in the brand’s in-house design studio and handcrafted in Portugal, in a limited quantity, which each item numbered. The Varberg-based brand describes...

6 hours ago

Fairs

The Supreme Group Women&Men Showrooms – Düsseldorf Fashion Days

SUPREME WOMEN&MEN SHOWROOMS IN DÜSSELDORF FROM FRIDAY 28TH TILL MONDAY 31ST JANUARY 2022 OPTIMISTIC AND WELL PREPARED FOR THE WINTER SEASON With a large portion of expertise and optimism, The Supreme Group is starting the coming order round with its showrooms in Düsseldorf. The conditions and requirements on the part of the authorities for the...

7 hours ago

Business

Boohoo Group begins production at first manufacturing facility

Boohoo Group has begun production at its first ever-manufacturing site in Leicester. The new 23,000 square foot factory on Thurmaston Lane in Leicester delivers capacity for tens of thousands of garments and will create up to 180 new jobs, Boohoo said on Wednesday. The site will also double up as a training facility for product teams across all...

9 hours ago