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SHEIN to Donate $300,000 to Three Charities Chosen by its Community

Retail TouchPoints

Global fast-fashion e-retailer SHEIN will be hosting its second-annual virtual music festival, “SHEIN Together Fest” on May 2, 2021, celebrating its Light-a-Wish campaign with a $300,000 donation to three charities chosen by its community. SHEIN will announce the next phase of its philanthropic program this May.

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Very Group suppliers have credit insurance pulled

Retail Gazette

It comes as the retailer’s operating profit plunged 17% to £123.8m Group sales remained flat at £1.6bn due to 2.5% “We continue to have constructive relationships with our suppliers, and our year-to-date Q3 results show Very revenue growth of 2.2% – ahead of the online non-food retail market – and a robust liquidity position.”

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Why Nike is putting used sneakers back on the shelf

Inside Retail

Nike will start collecting and cleaning some of the sneakers that are returned by customers and reselling them at a discount in stores as part of its Nike Refurbished program, which launched on Monday. . The Gen Z and younger millennial consumer is already accustomed to this,” she pointed out. ” How Nike Refurbished works.

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Fujitsu Market Place Self-Checkout goes live in the UK

Retail Times

Fujitsu is today announcing that Fujitsu Market Place Self-Checkout (SCO) is live in a fast-fashion store in the UK.

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Off-Price Retail: A Double-Edged Tool For Brands With Excess Inventory Needs

Retail TouchPoints

While the latter may be true, excess inventory also has a silver lining of hidden pathways to optimizing excess inventory that lead straight to your bottom line through distribution in the off-price retail market. In turn, brands should view their affiliation with off-price retailers as opportunistic partnerships.

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Tapping into Temu: Why American Gen Zs love the Chinese app

Inside Retail

Through Pinduoduo’s proprietary supply-chain resources, Temu is also able to replicate its success and profitable model by slashing intermediary costs, connecting consumers with high-quality manufacturers at competitive prices and amassing high sales volumes.

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How Canningvale plans to take Robinsons Singapore back to its roots

Inside Retail

million in 2014, the retailer suffered from years of declining foot traffic and was placed into liquidation at the end of 2020. . Robinsons will offer three to five brands at different price points in each category, from cosmetics, health and wellbeing, to products for the home and men’s, women’s and kids’ fashion. .

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