Articles by Don-Alvin Adegeest
Heathrow Airport is UK haven for duty-free shopping
loading... - Retail
A recent survey indicates that for many Brits, the holiday experience begins before reaching the final destination, with 40 percent of travelers considering their trip to start at the airport. Recognising this trend, PayingTooMuch conducted an analysis of the UK's busiest airports to determine their suitability for entertaining passengers both...
Louis Vuitton unveils trunks for Olympic and Paralympic Games Paris 2024
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Ahead of the Olympic games in Paris this summer, Louis Vuitton, as part of LVMH's Premium Partnership with Paris 2024, has unveiled the Medals Trunks and Torches Trunks specially crafted for the games. In line with the brand’s tradition of handcrafting trunks dating back to 1854, they are designed to house the prestigious medals and safeguard...
Smaller beauty businesses risk benefits if not leveraging AI
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Artificial intelligence (AI) is rapidly becoming a staple in the beauty industry, with virtual try-on and skin analysis tools becoming increasingly common. However, as large corporations seamlessly integrate these technologies, there is a rising apprehension that smaller businesses may be left behind, according to data from the British Beauty...
H&M to cut prices and elevate retail as part of new strategy
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H&M is cutting its prices. The news brought joy to its shareholers, prompting a surge in its share value. H&M Group's strategy shift under the leadership of its new CEO, Daniel Ervér, focuses on a balance between lowering prices and elevating design to enhance profitability. The question, of course, is on which products and at which of its...
Global resale market to reach 350 billion dollars by 2028
loading... - Fashion | Report
ThredUp, a prominent player in the resale industry, has released its 12th annual Resale Report, shedding light on the robust expansion and evolving trends within the secondhand fashion market. The report underscores the burgeoning significance of resale in the retail landscape and suggests that governmental intervention could expedite the shift...
Canada Goose to cut 17 percent of its global workforce
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Outerwear purveyor Canada Goose is cutting 17 percent of its global workforce as part of a cost saving measure and growth strategy. News of the announcement on Tuesday saw the company’s share price tumble 3.7 percent, with stock down 75 percent in the past 12 months. The company is listed on the Toronto Stock Exchange. “Change is a constant...
Uniqlo to open new Oxford Street store in April
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Japanese high street brand Uniqlo will open its newest flagship store in Central London on April 18th. The Fast Retailing-operated company will open a 1,300 square meter store across two floors in the West End, offering it signature LifeWear clothing for women, men, kids, and babies, along with collaborations with JW Anderson and Clare Waight...
Major fashion brands and retailers face growing water-related risks
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A pioneering report by Planet Tracker has unveilsed significant water-related risks confronting major fashion brands and retailers, including Adidas, Gap, H&M, Inditex, Levi Strauss, Nike, PVH Corp, Ralph Lauren, and VF Corp. Amid escalating water stress in critical manufacturing regions, the report urges companies and investors to prioritise...
Adidas celebrates heritage styles in latest campaign
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Adidas is banking on its cultural legacy as it spotlights a series of heritage sneakers in its latest campaign. Adidas Originals pays homage to the brand's iconic footwear styles, the Gazelle, Samba, and Handball Spezial, which have held cultural significance across generations, with some like the Samba, having made a big comeback in the last...
US retailers embrace transformative potential of AI
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The US retail landscape is witnessing a surge of interest in artificial intelligence (AI), with industry giants such as Lowe’s, Walmart, Victoria’s Secret, and Rent the Runway significantly increasing their investments in AI technologies, as reported by Barron’s. While AI has been a fixture in retail operations for some time, the emergence of...