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

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