Thursday, April 25, 2024

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...
Parents of young children will remember the Hatchimal frenzy of 2016, when a cute chick that hatches by itself took the toy market by storm during the holiday season. The overwhelming popularity and instant shortage of Hatchimals left many scrambling and...
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...
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...
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...
It makes no sense to keep exploiting natural resources to feed an ever-consuming market, but this remains the nature of high-street fashion. Resources are finite - as is the space for landfill - but too often clothes shopping is...
As COVID-19 quarantines and lockdowns drive up psychological distress, many people have increased their screen time, including online shopping, to cope. Like alcohol use — or overeating, watching TV or surfing the internet — online shopping doesn’t pose a problem when used as...
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...
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,...
Australian supermarket giant Woolworths has announced its single biggest investment in logistics infrastructure, spending A$780 million to replace up to 1,300 workers with robots. It plans to build one semi-automated and one fully automated distribution centre in south-west Sydney. About 650 jobs will be...

RECENT POSTS