Friday, August 23, 2019

Retail

Louis Vuitton reopened its refurbished flagship store in Florence in March 2019 to great fanfare from the fashion industry. The brand made great play of the fact that, alongside all the luxury apparel and accessories, the store is replete with artworks...
YouTube’s highest earning star in 2018 was a seven-year-old boy named Ryan. That’s right – a child out-earned the likes of the infamous Logan Paul, video game vlogger PewDiePie, and even make-up mogul Jeffree Star. Between June 2017 and June 2018,...
Many people probably assume that online stores are making a fortune, without all the costly bricks and mortar. But the reality is rather different. Many ecommerce activities are, in fact, unprofitable; if people had to pay the true cost...
Philip Green’s Arcadia retail empire lives to sell another day. After a week’s delay and five hours of discussions, Arcadia’s creditors agreed to a Company Voluntary Agreement (CVA) that involves rent cuts, 23 store closures and 520 job losses, but ensures...
Digital disruption and a change in consumer expectations are driving a profound transformation in retail. A new generation of retailers are delivering a winning combination of outstanding service and ground-breaking use of technology to deliver the memorable...
Christmas may seem like a distant memory, but retailers won’t forget it in a hurry: it was the worst on the UK high street since 2008. Marks & Spencer and Debenhams saw sales fall, while the likes of specialist retailer Halfords and discounter B&M also struggled. Even that most...
Recently Zara introduced a sustainability pledge. But how can Zara ever be sustainable? As the largest fast-fashion retailer in the world, they produce around 450 million garments a year and release 500 new designs a week, about 20,000 a year. Zara’s fast-fashion model...
Clothing in Britain is increasingly characterised by a high volume/low value approach to business. Judging by past precedent, consumers will discard some 680m items of clothing when they spring clean their wardrobes this year. Replacements are cheap: dresses can be bought for...
Have you ever searched for a product online in the morning and gone back to look at it again in the evening only to find the price has changed? In which case you may have been subject to the...
Retailers, struggling to connect with their customers, have been trialling new technologies to blend in-store and digital experiences. Interactive kiosks, mobile-friendly websites and transactional apps have become the norm. But shoppers are looking for deeper connections. If mobile is the glue...

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