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The online shopping industry has experienced a significant decline in sales, reaching its lowest levels since before the pandemic. This downturn can be attributed to the ongoing cost of living crisis, which has impacted consumer spending habits and preferences. Let’s…
In just one year since its inception, S’ABLE LABS, the skincare brand founded by actor Idris Elba and his wife Sabrina Elba, is taking a giant leap forward by partnering with SpaceNK. The genderless skincare line, which focuses on natural…
As ecommerce continues to grow, so does the number of returns made by customers. Understanding the state of ecommerce returns is crucial for any business looking to maximize profits and minimize losses. In this blog post, we will explore some…
Direct-to-consumer (DTC) is a sales strategy where manufacturers and consumer packaged goods (CPG) brands sell their products directly to their customers instead of selling them through retailers and wholesalers. Nearly 60% of online shoppers say they will go out of…
The leading Chinese ultra-fast fashion company, Shein has recently announced its strategic move to commence garment production in Mexico. The Singapore-based online retailer, known for its affordable and trendy clothing, is exploring plans to build a factory in Mexico as…
Chinese fast-fashion giant, Shein has reportedly raised $2 billion in its latest funding round, bringing the company’s valuation to an impressive $66 billion. This marks a significant milestone for the online fashion retailer, which has experienced rapid growth and success…
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…
According to a recent Adobe Digital Price Index report by Adobe Analytics revealed that online prices dipped by 1.7% in March compared to the previous year. This marks the seventh consecutive month of year-over-year price declines across more than half…
The Financial Reporting Council (FRC) has launched an investigation into Deloitte’s audit of the UK clothing retailer Joules for the year ending 30 May 2021. Joules, a Leicestershire-based company founded in 1989, struggled to survive during the pandemic as retail…
Fast fashion group Boohoo is reportedly seeking a 10 percent discount from its suppliers in an effort to reduce supply chain costs. This demand applies to both delivered and undelivered clothing, encompassing all outstanding orders made by the retailer. The…