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Report: Rent The Runway Exits Brick-And-Mortar

Retail TouchPoints

the former New York City flagship will become a drop-off site for returning items. On March 27, Rent the Runway laid off its entire retail staff during a Zoom call, offering no assurance that the jobs would return, according to a report in The Verge. “We We have no visibility into when or if we will be able to reopen our stores.

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Can Premier replicate Smiggle’s UK success with pyjama brand Peter Alexander?

Inside Retail

After Lew’s Premier Investments acquired the Just Group, and with it Peter Alexander, he shut down the US stores in 2009, saying it “reflects the board’s commitment to take the decisions that are necessary to maximise returns for shareholders”.

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Buy Now, Pay Later: The Gen Z Alternative to Credit Cards

Retail TouchPoints

In the midst of rising inflation rates, many Americans are wondering how to cut their costs — and younger generations such as Gen Z may have found a solution in the short term with “buy now, pay later” or BNPL plans. Contactless payment evolved with Venmo’s release in 2009, and similar mobile solutions like the Apple Wallet have followed.

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How H&M, Nike and Kering are taking action on climate change

Inside Retail

The manufacturing firm has been focused on its environmental impact for years and created its first sustainability report in 2009. “We The younger generation are now challenging brands and saying, ‘What are your sustainability plans? We want to hold ourselves accountable with what we do,” Lee said. What are your targets? Kering Group.

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How Shanghai Fashion Week is weaving global narrative

Inside Retail

Yeli Gu, founder of Ontimeshow, shared that Shanghais growing fashion clout is powered by a new wave of independent designers, many of whom studied abroad before returning to launch labels at home. Also we are planning an overseas program this year, Lv said. Platforms like Labelhood play a central role in this ecosystem.

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Collapsed Missguided snapped up by Frasers Group

Inside Retail

Frasers Group has bought fast-fashion business Missguided and plans to set it up as a standalone business within the group. Missguided was founded online in 2009 by Nitin Passi, the daughter of an Indian immigrant who set up the high street supplier By Design in the 1960s. Teneo was appointed administrator this week.

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Three key takeaways from Myer’s full-year results

Inside Retail

Retail analysts congratulated the leadership team on Myer’s solid results, and return to paying dividends, on an investor call on Thursday, where Myer CEO John King discussed the results in more detail. The pandemic period demonstrated this, with customers shopping online during lockdowns, and returning to stores once lockdowns were lifted.