In August H&M returned to China’s e-commerce platform Tmall, a year after it had been removed after a boycott when it raised concerns regarding Xinjiang cotton and the forced labour of the Uyghur community. The extend of labour camps first came to global attention in a 2020 report by the Australian Strategic Policy Institute (ASPI). H&M was...
Fast fashion retailer H&M has said it is considering charging fees for returns for goods bought online. As return numbers surge - up to 30 percent of all items bought online are sent back – free shipping is biting into retail margins. In a call with analysts H&M CEO Helena Helmersson said: “It all depends on how it’s received by the customer. So...
Search engine Google has debuted a range of new shopping features it said are designed to bring shoppers a more immersive and personalised shopping experience. The features come as part of the platform’s artificial intelligence (AI) model, Shopping Graph, which provides merchants with data-backed information and the ability to have their...
Sep 30, 2022
E-commerce tech platform Shopify has announced the implementation of a new staff compensation plan designed to uncomplicate the process behind rewarding employees. Entitled ‘Flex Comp’, the approach will focus on three key elements each designed to “define the future of compensation”, the company said in a blog post. The first, ‘Agency’, allows...
Sep 19, 2022
The British Fashion Council (BFC) has announced that it has commissioned global strategists Roland Berger, in partnership with DHL, to carry out a report that hopes to solve problems surrounding e-commerce returns in fashion. The initiative comes as part of the BFC’s Institute of Positive Fashion (IPF) and will see initial findings and...
Sep 9, 2022
Boots has announced it is set to launch a new online marketplace which will offer third-party brands while also extending its range of products on its own e-commerce platform. The health and beauty retailer said it will be launching the marketplace, powered by Mirakl, in spring 2023, as part of its ongoing digital strategy focused on extending...
Sep 8, 2022
Viavia, a video-first e-commerce platform, has announced it has secured eight million dollars in a seed round to help it launch a debut fashion retail destination for Gen Z shoppers. The funding, which was co-led by New Enterprise Associates and Basis Set Ventures, follows a 1.15 million dollar pre-seed round the company announced in February...
Aug 26, 2022
Lily AI has announced that it has closed its Series B financing round at 25 million dollars, with participation from the likes of Canaan Partners and Conductive Ventures. The product attributes platform, which already counts Bloomingdale’s, The Gap and Macy’s among its clients, said it will use the funding to further expand into mid-market...
Aug 25, 2022
Meta-owned social media platform Facebook has announced that, from October 1, its live shopping feature will no longer be available. In a statement, the platform said the decision comes as consumers’ viewing behaviour continues to shift to short-form video. It added that it is planning to redirect its focus to Reels on both Facebook and...
Businesses could be moving away from Shopify’s platform after being impacted by rising costs and a decrease in consumer spending, according to research carried out by YipitData. The report, which was shared through Reuters, found that the e-commerce platform had only added 71,000 global merchants in the first half of 2022, a far cry from the...
Aug 9, 2022
Shopify’s sacking of 10,000 employees last week, the equivalent of 10 percent of its workforce, has left questions, if not holes, in the future of DTC platforms, where soaring costs, supply chain bottlenecks and a slowdown in consumer spending is hampering sales. For many small fashion businesses, advertising on Instagram and Facebook is no...
Aug 5, 2022
European e-tailer Zalando is potentially looking into entering the US market through a major, secret project said to be dubbed “Project Kangaroo”. According to a German report via Business Insider, the multi-brand fashion giant has been planning the move for months, with the goal to start on the expansion by the beginning of 2023. However, the...
Aug 1, 2022
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