Inside Retail

OCTOBER 22, 2023

Fashion marketplace Poshmark has announced the closure of its operations in Australia, India and the UK to focus on its North American business. The company said on its website that it plans to increase investment and “drive meaningful growth” in its core markets – the US and Canada. Buyers and sellers for Australia, India and the UK will no longer have access to the marketplace via the app or web starting November 2.

Marketing 263

Marketing Social Commerce Fashion Planning 263

Retail Gazette

OCTOBER 22, 2023

Amazon has informed its managers they can fire workers who refuse to work in the office a minimum of three days per week. According to Business Insider, new internal guidelines have been implemented for supervisors detailing how they can dismiss staff refusing to follow the rule. An internal memo for the company read:”If the employee does not demonstrate immediate and sustained attendance after the first conversation, managers should then conduct a follow-up discussion within a reasonable

Returns 109

Returns Management ATS 109

Inside Retail

OCTOBER 22, 2023

Costco Wholesale Corporation, the world’s third-largest retailer after Walmart and Amazon, has a wacky fiscal year that is out of sync with most retailers: Its FY23 ended 3 September and its annual report was released on 11 October. From close up, things look healthy and there’s no question that Costco is a great retailer with a model that will stand the test of time.

Wholesale 244

Wholesale Home Furnishings Merchandise Store Accounting 244

Retail Gazette

OCTOBER 22, 2023

Wiggle could face insolvency following its owner Signa Holding has withdrawn funds from the division that owns the bikes etailer. According to CyclingNews, Wiggle has stopped paying suppliers, cancelled orders and is not receiving goods until further notice. Last Monday, Signa – which co-owns Selfridges – ended an £130m funding commitment to its sports division Signa Sports United (SSU).

Planning 113

Planning 113

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Checkout

Inside Retail

OCTOBER 22, 2023

In a move that underscores the burgeoning potential of the Asian luxury market, Taiwan-based second-hand luxury site PopChill has secured US$1.9 million in its latest investment round as it looks to expand in the region. Already a disruptive force in Taiwan’s e-commerce landscape, PopChill is setting its sights on Hong Kong, armed with a unique business model that promises to redefine how second-hand luxury items are bought and sold online.

Planning 130

Planning Shipping Fashion Finance 130

Retail Gazette

OCTOBER 22, 2023

On is set to open its second UK store next week in London’s Spitalfields almost one year after it unveiled its first. The 310sq m outlet, located at 37 Bushfield Street, will offer the running retailer’s range of footwear, apparel and accessories. Opening on November 3, the shop will also serve as a hub for community activities and run clubs. The store’s colour palette and materials will draw inspiration from the market’s red bricks, while the flexible display features are “a nod to the dynamic

Accessories 80

Accessories Apparel Location Shopping 80

Retail Gazette

OCTOBER 22, 2023

London planning officials have accused John Lewis of building “executive housing” that will not help local families. The accusation comes after the retailer revealed that as little as 10% of flats at one of its flagship developments could be affordable. In planning documents, the department store company claimed it aimed to make 20% of properties at its new Bromley development affordable, and added that it would “always provide a minimum of 10% affordable housing regardlessR

Planning 70

Planning Department Stores ATS 70

Fashion Retail

OCTOBER 22, 2023

Do you know how much a Rolex was in 2010? This is the second part of the report – RBC Luxury & Premium Brands. 5 reasons to be cautious on luxury. October 2023 – from RBC Capial Markets, with whom I have been collaborating for years, specially the UK Team led by Richard Chamberlain. This post talks about luxury sector insights but also pricing trends, inflation or secondary market demand.

Marketing 52

Marketing Customer Experience Fashion 52