Zara cans free returns for online shoppers
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.
Could real-time price tags be the future for crypto payments after slump?
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.
Premium fashion website Net-a-Porter joins forces with online fine art platform AP8
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.
Lush opens 24-hour automated shopping experience
Lush has opened its first 24-hour, automated retail experience in the Coal Drops Yard at King’s Cross, London.
Boots bans all plastic wipes as it moves to eliminate unnecessary plastic
Boots has written to its suppliers across the UK and the Republic of Ireland to remove all wet wipes that contain plastic fibres from its shelves and boots.com by the end of 2022.
L’Occitane keeps Russian stores open
L’Occitane is resisting pressure to close its Russian stores, maintaining that it is protecting ‘staff from potential retaliation’, according to a report published by the BBC.
Walgreens could lose billions on Boots sale as previous potential buyers CVC and Bain lower valuation of the company
Walgreens may be set to lose billions in the sale of Boots as previous suitors CVC and Bailn suggest a valuation of £4 billion, a huge drop from the £7 billion price tag it was hoping to command.
Galeries Lafayette Haussmann launches Europe’s first wellness floor
Galeries Lafayette Haussman is gearing up to unveil what it claims to be Europe’s first space to be dedicated entirely to wellness.
Lush to reinvest in British operations following US buyout; writes off businesses in Russia
Lush is set to reinvest in its British operations following the company’s buy-out of its North American partner, which would add more than 80 per cent to its revenues as its single largest market, according to the FT.com.
Carrefour Group joins forces with Daphni to launch venture capital fund, Dastore
Carrefour Group has announced it is joining forces with European venture capital firm daphni to launch Dastore, a dedicated venture capital fund aimed at investing in early stage start-ups that are addressing the digital retail space.
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