John Lewis boss Dame Sharon White is calling on the UK government to introduce a financial support package to protect families from the cost of living crisis, similar to the one delivered during the Covid pandemic.
BNPL specialist Klarna has rolled out Virtual Shopping, “connecting online shoppers directly with experts in physical stores, through live video and messaging, to provide a highly personalised experience online”.
Tech firm Nexite has announced a new funding injection. It takes its total funding up to $100m for its breakthrough Bluetooth tag and SaaS platform that boosts physical shopping and makes it more e-tail-like.
Failed businesses can yield rewards. Hedge funds that ran Debenhams look to have recovered most of their costs while the retailer’s administrators have clocked up £5.3 million in fees in the two years since bankruptcy.
UGC is becoming ever more important to the shopping journey and the latest international Shopper Experience Index report shows that “purchase influence has shifted from business-to-consumer, to consumer-to-consumer”.
Good news for UK online fashion sales. Not so good news for digital beauty sales. Even worse for the e-tail industry as a whole. And after weak April numbers, it suggests the digital boom could well be over.
There was good news and bad on UK spending on Tuesday as reports showed consumers are being impacted by higher prices, but are still spending on fashion and on activities that require new clothes and beauty products.
THG could see major board-level changes as the online beauty and technology group continues to see its performance struggle. The structure of board will be a “prime focus” of “detailed scrutiny”, its new chair has said.
Steen & Strøm, the historic luxury department store in Oslo that’s also the worlds oldest, said on Monday that it made history in its March results when it exceeded its best monthly sales on record by as much as 20%.