Kohl’s has reported its results for the first quarter of fiscal 2022. The department store chain saw sales drop 5.2 percent in the three months to April 30, 2022, versus the same period last year.
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.
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.
Net-a-Porter is dipping its toe in the fine art world via a partnership with online platform AP8, with art being sold via Net’s homeware category beginning 2nd May, according to WWD.com.
Farfetch has announced its launch into the beauty category across its companies, Browns, farfetch.com and Off-White.
Macy’s has announced the appointment of Marie Chandoha and Jill Granoff to its Board of Directors, effective immediately.
Neiman Marcus Group has published its first Environmental Social Governance Report, titled, Our Journey to Revolutionize Impact. The paper outlines the department store chain’s 2025 ESG strategy and shares progress to date.
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.
M&S has announced the launch of Live Shopping on its website, offering customers a new way to find inspiration and shop with the retailer and tapping into the growing livestreaming trend, which is expected to account for 10 to 20 percent of global e-commerce by 2026.