Zara has ushered in a charge for returning goods bought via its website, according to a report published by the BBC. The fast fashion retailer will levy a £1.95 fee for returned items, with the cost deducted from refunds.
A London fashion store has adopted real-time price tags, recalculated every 10 minutes, in order to accept payment in crypto currencies, according to a video report posted by Reuters.
Women’s fashion and lifestyle brand Who What Wear has been acquired by digital brand company Future Publishing.
Gucci is gearing up to accept payments in cryptocurrencies in US stores, according to a report published by Bloomberg. The Kering-owned brand’s New York, Los Angeles, Miami, Atlanta and Las Vegas stores will adopt digital tokens from the end of the month.
Farfetch has announced its launch into the beauty category across its companies, Browns, farfetch.com and Off-White.
Estee Lauder was named as the exclusive beauty brand participating in Decentraland’s Metaverse Fashion Week.
Fashion and beauty retailer Nordstrom has reported a Q4 net sales increase of 23 percent versus the same period in fiscal 2020 and a 1 percent decrease versus the same period in fiscal 2019.
Zalando has reported ‘exceptional’ full-year results for fiscal 2021 with growth ‘significantly faster’ than expected.
Hennes & Mauritz has reported its results for fiscal 2021. The high street fashion chain saw sales rise 12 percent in local currencies (+6 percent in SEK) to hit SEK198,967 million thanks to a storming fourth quarter which saw sales return to pre-pandemic levels.
Kohl’s share price leapt 36 percent yesterday after reports that the department store chain has received a takeover bid from Sycamore Partners, according to a report published by Reuters.