Edinburgh’s Jenners sold to private European investor

Located on Edinburgh’s Princes Street, the department store was founded in 1838 by Charles Kennington and Charles Jenner, and was visited by Queen Elizabeth II on the occasion of its 150th anniversary in 1988.The 179,451 sq ft building is let to House of Fraser-owned Jenners on a 35-year lease with 23 years remaining,House of Fraser bought the business for £46.1 million in 2005, and sold th…

Read more

Millennials using credit to buy fashion – Globaldata

Fashion e-tailers are driving impulse purchases with the use of these credit options, which offer online shoppers the option to try an item at home before paying for the order. According to GlobalData, a data and analytics company, those aged between 25-34 years old are most likely to use these options, with 27.5% using credit in the past 12 months, followed by those aged 16-24 (24.8%) and 35-4…

Read more

Amazon wins $270 mln tax fight in blow to EU’s Vestager

“The Court of Justice confirms that the (European) Commission has not established that the tax ruling given to Amazon by Luxembourg was state aid that was incompatible with the (EU’s) internal market,” the Luxembourg-based Court of Justice of the European Union (CJEU) said.Its decision is final.

“We welcome the Court’s ruling, which confirms that Amazon followed all applicable laws and …

Read more

Millennials and Gen Z are now more likely to embrace luxury than their elders

Who said that luxury was the territory of Boomers? This is no longer the case; on the contrary, the younger generations are now turning to the high-end and even very high-end items in growing numbers. That’s one of the findings of the latest report released by payment services company Klarna*: Gen Zers (63%) and millennials (63%) purchased more luxury items than their elders (45% for Gen Xers …

Read more

No big boost expected in luxury spending during holiday season- Bain

“It will really be linked to tourist flows,” said Bain partner Federica Levato of spending on high end goods in Europe, noting that local shoppers had reined back spending after three years of strong, post-pandemic growth.Although there were some initial cancellations of trips to Europe from the Americans in the wake of the Israel-Hamas war, including a few for the holiday season, the situation…

Read more

Retailers lag on sustainability goals — World Retail Congress report

The new Sustainability In Retail Is Possible–But There’s Work To Be Done study found that while sustainability is now a strategic priority for retail businesses “the vast majority were failing to make meaningful progress”.While the accompanying survey, part of a collaboration with World Retail Congress which polled 37 major retail businesses around the world, revealed “widesprea…

Read more

Reformation and Refinery29 respond to accusations of racism

Reformation 

The it-girl favorite, which has previously been accused of propagating fat-phobia, has now had a former employee say that the company enabled a wide culture of racism. 

In an Instagram post, former employee Elle Santiago, who is Black, claimed that she was repeatedly refused a promotion, and that the company continues to refuse to promote people of color (POC) …

Read more

Few Chinese keen to travel abroad soon, even if Covid curbs ease

Mainland China retains some of the world’s most stringent measures on PCR testing and quarantine for international travellers, despite some domestic easing of curbs after last month’s unprecedented Covid protests.Fear of infection with the disease was the top concern of those saying they would postpone travel in a survey of 4,000 consumers in China by consultancy Oliver Wyman, with worries abou…

Read more

Trainers, tops, social media and delivery choice are key for fashion e-tail – report

The survey showed that T-shirts and tops are the most commonly purchased clothing items with 46% of e-shoppers buying them, while plenty of them also buy jeans online (30% are planning to buy a pair in the next year.)In footwear, trainers (72%) are the most commonly purchased item, with sandals next (50%), followed by smart shoes (38%) and boots (34%).

The report showed social media playi…

Read more

Zalando takes stance against mulesing

As is usual with announcements linked to animal welfare issues around the fashion industry (such as ending the use of fur by many designer labels), the announcement didn’t come directly from the companyคำพูดจาก Web Game Casino . Instead it came from one of the non-profit organisations campaigning agains…

Read more