Retail

Amazon ‘Luxury Stores’ launching with Oscar de la Renta

Online giant Amazon is continuing its push into fashion with the launch of its new high-end shopping experience, ‘Luxury Stores’. The new luxury proposition is launching with an invitation-only app for US Prime customers only and promises to offer both established and emerging luxury fashion and beauty brands. The first designer to sign up to...

4 hours ago

Business

26 Sustainability efforts of the fashion industry in August 2020

The fashion industry's sustainability efforts continued this month with a vengeance - 26 such initiatives were announced in August 2020 alone. Cooperations between brands were in fashion but also those industry-wide or even industry-transcending ones that are concerned with guidelines and standards. At brand and retail level, more sustainable...

4 hours ago

Fashion

On to launch subscription service to drive circular economy in sportswear

Swiss-based high-performance running brand, On, is launching a subscription-based service to offer fully recyclable sportswear to its customers worldwide, as it looks to drive zero waste in sportswear. The subscription service, named Cyclon, will allow subscribers to receive and wear the latest in running sportswear and then return end-of-life...

5 hours ago

Retail

New Government scheme to end tax free shopping for UK visitors

The UK Government this week announced tax free shopping in the UK as we know it will end on 31st December this year. All overseas visitors will no longer be able to obtain a VAT refund on items bought in the UK and take home in their luggage. Furthermore, UK airports will no longer be able to offer duty free items on fashion, accessories and...

8 hours ago

More News

Fashion

Your avatar can buy and wear Gucci. But not in real life.

Your avatar can now wear Gucci. And Louis Vuitton. And a myriad of other brands. As the world of fashion, gaming and virtual reality cross over, luxury brands are designing items normally reserved for the runway and adapting them for video games. The cost of such an item is from no alternative universe, and payments are made in hard currency....

1 hour ago

Retail

Klarna is ranked the highest private fintech in Europe

Klarna has been valued at 10.65 billion dollars in its latest equity finding, after raising 650 million dollars in its financing round. The payment and shopping service is now the highest-valued private fintech in Europe, and the fourth highest fintech worldwide. The round was led by Silver Lake Partners, alongside BlackRock, HMI Capital and...

5 hours ago