Data news and archive

BRC: Retail still lacking in the way of inclusion despite slight improvements

A new report by the British Retail Consortium (BRC) has outlined slight improvements in the UK’s retail sector in the way of diversity and inclusion, yet such elements remain tough to crack. Together with The MBS Group, the BRC released a Diversity and Inclusion in UK Retail report, looking into areas such as gender, ethnicity and disability,...

Retail

UK retail sales rise in May, clothing retailers welcome rebound

One day on from the report that inflation had finally hit Bank of England’s target, dropping to 2 percent, there appears to be more good news on the horizon for UK retailers. New figures by the Office for National Statistics (ONS) have shown that retail sales volumes rose by 2.9 percent in May following a slight 1.8 percent drop in April....

Business

UK inflation drops to 2 percent, hitting Bank of England targets

New figures drawn up by the Office for National Statistics (ONS) have shown inflation in the UK fell to 2 percent during May, hitting the Bank of England’s target. According to ONS, the consumer prices index (CPI) rose 2 percent in the 12 months to May 2024, dropping from 2.3 percent in the 12 months to April. Including owner occupiers’ housing...

BusinessFeatured

Tech tools for combating poor fit and returns: data analytics, AI and VR

About This article was written for FashionUnited by Helen Scurfield, Innovation and Development Director, Asendia. What is causing returns on this scale? A massive 46 percent of US consumers in a recent Harris Poll gave ‘poor fit’ as the prime reason for returning garments, ahead of damage (38 percent) and poor quality (36 percent). This issue...

BusinessFeatured

Meta’s data processing for advertising ruled illegal under EU law

Meta on Wedneday was fined 390 million euros for breaching European advertising rules. The American tech giant’s data-fueled advertising model, which it sells as personalised ads, must now be re-assessed to meet Europe’s strict privacy laws. Europe is one of Meta’s largest advertising markets and restrictions to its ads may impact revenue with...

BusinessFeatured

LVMH accelerates data contribution to its businesses to drive development

Data analytics has long been powering the fashion industry, from entire algorithms to predict sales, like at fast fashion giant Shein, to augmenting customer experience with personalised offers. Luxury group LVMH has been expanding its use of data for over three years, partnering with Kaggle Days, an international competition for data...

BusinessPress Release

FashionUnited’s new Product Database saving partners time and money

In an era marked by the rapid digitization of the fashion and accessories sector, brands and retailers are grappling with the need to optimize their product data management processes to better compete in the omnichannel world. The intricacies and complexities of data requirements across platforms and retailers have exposed a lack of...

FashionPress Release

Fashion Genome data reveals YoY shoppers are checking out less frequently and buying more

Fashion Genome data reveals YoY shoppers are checking out less frequently and buying more when they do decide to spend with AOV up 16%. True Fit’s Data Reveals Key Consumer Insights as Retailers Navigate a Shifting Landscape. Trends from True Fit’s Fashion Genome the world's largest connected dataset for fashion, which analyzes insights from...

Business

How e-commerce data solutions can help brand growth

The global e-commerce market is set to exceed 5 trillion dollars this year and increase to over 7 trillion dollars by 2025. This is in part due to the growth of next-generation artificial intelligence and machine learning analytics tools, along with software-assisted supply chain management. Next-generation e-commerce data analytics stand to...

Fashion |Interview Featured

Sustalytics: Using trend data to tackle overproduction

Wouldn’t it be wonderful if fashion brands could produce only bestsellers and let go of products that remain on the shelves? How many resources, efforts and work hours could be saved that way? The problem, of course, is data. No brand has a crystal ball to predict exactly what will sell next season or in the long term. Enter service platform...

BusinessPartner Content

Stocked up on Bags & Boots for this Black Friday’s Splurge?

The economy has opened up and Dressipi are expecting a bumper Black Friday in line with 2018 and 2019 - and a bonus for your return rates, customers buying categories with lower return rates is one of the reasons why Black Friday works so well! To help you get ready for peak, the Dressipi data analysts have dug deep into the Black Friday numbers...

Business

Calvin Klein, Louis Vuitton and Banana Republic seen as most data trustworthy

A recent finding by the new Data Trust Index (DTI) has shown that customers see Calvin Klein, Louis Vuitton and Banana Republic as the most data trustworthy brands. With Calvin Klein coming in top place, the DTI aimed to measure the level of trust consumers had with a digital platform in regards to their personal data. Louis Vuitton came second,...