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Fashion retailer H&M has been facing a lawsuit accusing the company of misleading consumers with false sustainability claims. The proposed class-action complaint alleges that H&M’s advertising is “designed to mislead” customers into believing that its Conscious Choice products are environmentally…
Retail sales in the United States experienced a modest increase of 0.4% in April, following two consecutive months of decline, according to figures released by the U.S. Commerce Department on May 16. This increase was driven by consumer spending on…
Elizabeth Arden, the iconic beauty brand, has taken a bold step into the future of retail by launching a shoppable virtual store in partnership with experiential eCommerce platform Obsess. The immersive virtual shopping experience is designed to appeal to a…
In a bid to appeal to environmentally conscious and sustainable shoppers, luxury department store Selfridges has introduced an innovative concept called ‘The Stock Market’ in its Corner Shop space. This unique initiative allows customers to exchange, restore, or upcycle their…
Boohoo, a popular online fast-fashion retailer, has recently reported a staggering £91 million loss as its annual sales dropped and the company grappled with an increased number of returned products. This downturn can be attributed to a shift in consumer…
Luxury fashion brands have long been known for their exclusivity, high-quality materials, and meticulous craftsmanship. However, in recent years, some of these prestigious brands have entered into collaborations with fast fashion retailers, raising questions about whether such partnerships could harm…
The beauty industry has recently experienced a surge in prices, with drugstore beauty brands being no exception. Between March 2022 and March 2023, cosmetics prices rose by 4.2% and personal care prices grew 8.7%, according to the U.S. Consumer Price…
Footwear company, Allbirds has announced plans to reduce its workforce and implement cost-saving measures in response to its financial performance. The company reported a net loss of $101.4 million in 2022, compared to a loss of $45.4 million in 2021.…
Adobe reported a 1.7% year-over-year decline in online prices in March 2023, the seventh consecutive monthly decline—not the eighth.
Fashion brand Scotch & Soda, owned by Bluestar Alliance, has recently closed several of its U.S. stores. The closures come as part of the brand’s strategy to enable growth by shutting down underperforming stores and exploring new locations for future…