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Brazil eases tax burden on cross-border e-commerce ahead of elections

Brazil's president, Luiz Inácio Lula da Silva, repealed a tax on Tuesday on purchases under 50 dollars made through e-commerce platforms such as China's Shein or Temu, a move aimed at consumers just months before seeking re-election. In 2024, Lula had decreed a 20 percent surcharge, known as the "taxa das blusinhas" (blouse tax), on these...

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Retail

What is Unified Commerce and why is it so important for fashion retailers?

Although the term has been around for years, Unified Commerce remains somewhat of an emerging concept for many retailers. A recent survey conducted by Bain & Company global consultants, on behalf of Aptos, the retail technology solutions platform, found that the fashion industry still remains largely unprepared for it. However retailers are...

Podcast

Podcast: Menswear Style Podcast interviews John Bright, founder of The Good Neighbour

In this episode, Menswear Style Podcast has interviewed John Bright, founder of menswear brand The Good Neighbour, about his fashion background and why being direct-to-consumer gives customers a fairer price. Also discussed was the benefits of short-term retail space on both branding and ecommerce sales, as well as making clothes from deadstock...

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Business

Retail sales in the UAE to rebound and grow by 13 percent in 2021

Dubai retailers were hit hard by the pandemic, as access was restricted and customers stuck at home turned to online shopping. Majid Al-Futtaim, one of the largest mall operators, with 27 shopping malls across five countries, reported a 7 percent year-on-year fall in revenues to 8.88 billion dollars in 2020, resulting in a net loss of AED 2.7...

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Business

Why female fashion brands should focus on the women 40+ market

A new survey shows how women’s clothing purchasing habits and wardrobes have evolved during the pandemic, and how the fashion industry seems to struggle to connect with older female consumers. Tamar Miller, former Head of Merchandising at Gap Inc. and founder of Bells Becks talks to FashionUnited about where the opportunity lies for fashion...

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Retail

How Gen Z consumers shop

The Coronavirus has changed the way consumers shop. Given the various lockdowns throughout the last year, the fashion retail landscape has shifted to consumers purchasing more products online. Generation Z, those born between 1995-2010, have a significant buying impact and, according to new reports, have a spending power of 140 billion dollars...

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Business

How fashion retailers can survive the lockdowns and create omni-channel experiences for future growth

In this exclusive interview with FashionUnited, Koen Vanpraet, CEO of payments provider PXP Financial, offers some some practical advice for fashion retailers looking to move past lockdowns and pandemic-related challenges. Blending digital and in-store experiences and offering a broad choice payment wise can turn the tables for clothing brands...

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Retail

UK Boxing Day footfall plummets, as online spending soars

UK shoppers are expected to spend a record 1.9 billion pounds online on Boxing Day, the biggest online shopping day of the year. In 2019 shoppers spent 1.2 billion pounds online on Christmas Day while on Boxing Day 4.3 billion pounds was spent in High Streets and online. Except this year much of the high street remains closed. Footfall plummets...

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Retail

2020, the year the retail industry spent in lockdown

As a most challenging year comes to a close, retailers are looking back at a tumultuous time that started early in 2020. Storms Ciara, Dennis and Jorge combined to make February the wettest on record, while at the same time the onset of the coronavirus that originated in China in December, spread quickly to the West, developing into a beastly...

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Retail

Pandemic spurs online shopping transactions to grow to 4.4 trillion dollars by 2025

A new study from Juniper Research has found that transaction values for physical goods sales online will grow from 3.3 trillion dollars in 2020 to 4.4 trillion dollars by 2025, a 33 percent growth fuelled by the Covid-19 pandemic. The pandemic has fundamentally altered customer behaviours towards e-commerce, with these behaviours likely to be...

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Retail|ANALYSIS

Farfetch: burning cash or on an incredible path to profit?

Just over one year ago Farfetch launched its IPO to the tune of 27 dollars per share. Setting an industry precedent, it celebrated a 50 percent increase on its expected debut and saw the business valued at approximately 6.2 billion dollars. Much has happened since the marketplace connector between luxury boutiques and online shoppers came into...

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Retail|CEO INTERVIEW

Backed by Max Levchin, this startup wants to solve e-tailers’ returns nightmare

Shopping online is easier than ever, thanks to services such as same day delivery, “buy now, pay later” and real time shipping updates. Returning an item, however, isn’t always a seamless process. Customers often have to print a return label (“who owns a printer these days?”, wonders the average Millennial), pay for the costs of sending the...