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Uniqlo underpaid staff, remediation underway

Inside Retail

Uniqlo Australia says an internal audit has uncovered underpayments of staff stretching back seven years with the fashion retailer now contacting impacted workers to organise redress. The Japan-headquartered company is also revising and re-investing in its HR and payroll processes with the help of external auditors.

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PayPal to sponsor Melbourne Fashion Festival for another three years

Inside Retail

PayPal Australia will continue to support the Melbourne Fashion Festival through 2027 after extending its sponsorship for the event. Meanwhile, PayPal senior director of consumer engagement Shane Capron said that the fintech company supports over 150,000 fashion businesses in Australia through its payment services.

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Power imbalance: data reveals “woeful” payment times by large retailers

Inside Retail

According to data analysed by ASBFEO of 7,000 big businesses collected by the federal government’s Payment Times Reporting Regulator , only 24 per cent of big businesses in the retail sector are paying its small business customers within 30 days. This was introduced as a mechanism to increase transparency, and improve payment performance.

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Lifestyle products and services: How to harness Asia’s silver economy

Inside Retail

As populations age and start to fall, there is tremendous interest in providing goods and services to the elderly. This means the elderly in Singapore have, and will have, a greater capacity and willingness to spend on goods and services for themselves and their loved ones. Retailers don’t want to be left behind.

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‘Targeting the vulnerable’: Asic halts Urban Rampage Centrelink payment scheme

Inside Retail

Retailer Urban Rampage has been ordered to stop deducting payments for purchases through deductions from Centrepay benefits. The stores are operated by Coral Coast Distributors (CCD). CCD can still offer other payment options such as cash or Eftpos. The interim stop order is valid for 21 days unless revoked earlier.

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As France weighs fast-fashion ban, is the circular economy the future of retail?

Inside Retail

This week, France announced legislation to “limit the excesses of ultra-fast fashion”. Not the risk your mortgage payment kind of addiction – more the ‘I shop because it makes me feel good’ kind. Love it Longer opened in 2022 and is co-owned by a family with a long history in fashion, Giulia Ferrari, sister Mattia and mum Armanda.

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Exclusive Q&A: Venmo GM on the Company’s ‘Natural Extensions’ into Business Payments

Retail TouchPoints

That inherent distaste for the transaction phase is one reason payment companies are so eager to expand into other parts of the shopper journey. taking place online, digital payment solutions like Venmo and PayPal (which has owned Venmo since 2013) are well positioned to capitalize on the opportunity.