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Industry News
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15 November 2019
Prada becomes first luxury brand to sign sustainability deal
Italian luxury fashion house Prada Group has made history as the first luxury brand to obtain a sustainability term loan deal.
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14 November 2019
Millennials and Gen X pick online over in-store purchases: Zebra study
Around 75% of millennial and 53% of Gen X shoppers revealed that they shop in-store and leave without purchasing, only to later buy the same item online, according to 12th...
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12 November 2019
Alibaba’s Singles Day 2019 breaks record sales of over $38bn
Chinese e-commerce giant Alibaba Group has recorded sales of US$38.4bn for its 24-hour Singles Day 2019 shopping event
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8 November 2019
Fashion industry urged to stop Arctic shipping due to climate change
Companies in the fashion industry are being urged to stop shipping their products through the Arctic Ocean due to its impact on climate change according to data analytics and consulting...
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7 November 2019
UK Supreme Court hears Morrisons data leak case
The UK’s highest court is hearing British supermarket chain Morrisons’ data breach class action case that affected more than 100,000 employees.
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4 November 2019
Mothercare falls into administration, putting 2,500 jobs at risk
UK pregnancy and childcare product retailer Mothercare has fallen into administration, putting 2,500 jobs at risk.
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31 October 2019
Shop prices fall for fifth consecutive month: BRC report
Shop prices have fallen for the fifth consecutive month, according to the British Retail Consortium (BRC).
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29 October 2019
Boots sees UK sales decline amid ‘challenging’ market conditions
British health and beauty retailer Boots has seen its fourth quarter sales decline by 2.1% year-on-year compared to its US-based parent company Walgreens Boots Alliance, which saw overall growth for...
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29 October 2019
Credorax joins with top Chinese payment providers for European trade
Smart payments provider and licensed bank for cross-border e-commerce and omnichannel payments Credorax has today announced partnerships with Alipay, WeChat Pay and UnionPay to offer payment solutions for European sellers...
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29 October 2019
UK retail sales decline for sixth consecutive month: CBI report
UK retail sales have declined for the sixth month in a row in the year to October, according to the latest survey by the Confederation of British Industry’s (CBI).