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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.

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Amazon, Ikea commit to using zero-carbon shipping fuels by 2040

Inside Retail

Amazon.com Inc and Ikea are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector, executives said on Tuesday. ” Boston Consulting Group estimates that the global shipping industry will need US$2.4

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Melbourne homewares brand Fenton&Fenton enters liquidation

Inside Retail

Established in 2008 by Lucy Fenton, the brand sold homewares, furniture and artwork through its physical store in Prahran, Melbourne and online. It ships across both Australia and New Zealand. According to 7News , several consumers have expressed concern regarding their orders since the company entered liquidation.

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Culture Kings founders step back after Las Vegas debut

Inside Retail

The husband and wife duo – Tahnee and Simon Beard – established the brand in 2008 as a premium streetwear retailer that sells across a wide range of genres, styles and cultures. The company has stores in Australia and New Zealand and ships worldwide from its online store.

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Shein chooses Tokyo for its first permanent store in the world

Inside Retail

However, they cannot purchase on the spot at this store – the products are shipped to their home or office. Founded in 2008, Shein sells online in more than 150 countries and regions, mainly in the US and Europe, but not its home market China, where it produces its clothing.

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Wrangler, M&S, Anthropologie and More Mark Earth Day with New Sustainability Initiatives

Retail TouchPoints

In fact, 51% of consumers said they would be willing to pay more for products shipped through sustainable methods, up significantly from just 15% of consumers in December 2023, according to a new survey from Radial. Wrangler Looks to Reduce Reliance on Raw Materials Pieces from the second Wrangler Reborn collection.

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Vinted posts first profit as CEO points to ‘huge potential’

Retail Gazette

Last year, Vinted expanded geographically in Denmark, Finland and Romania as it looks to move away from solely being a marketplace to offering other services such as Vinted Go, a shipping service that uses lockers for customers to deliver and collect clothes in France. Founded in 2008, Vinted was last valued at €3.5bn in May 2021.