By Reuters Published May 14, 2025 Europe’s largest retailers and online retail giants have urged the European Commission to rein in allegedly high fees charged by Visa and Mastercard, saying they hurt the bloc’s competitiveness and hamper rivals. Reuters Visa and Mastercard dominate the market for payment cards and have in recent years faced complaints…
Fashion retailers are “playing catch-up on loyalty” with UK consumers significantly more likely to remain loyal to supermarkets than any other type of brand, new data from digital gifting platform Prezzee shows. Photo: Pexels It said 56% of consumers say they’re loyal to their favourite supermarket and will remain so. But while fashion retailers beat restaurants,…
We all know that re-engaging customers after checkout is key to driving repeat purchase but a new study claims that the majority (63%) of UK retailers lack the capabilities to do so. Photo: Pexels That’s despite more than three-quarters (78%) identifying post-sale engagement as the beginning of the next purchasing cycle. At the same time,…
By Reuters Published May 6, 2025 Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive American consumer demand down. Reuters European online fashion retailer Zalando, which sells logistics and software services to…
By Reuters Published May 2, 2025 As the United States ends its tariff exemption for small parcels on Friday, several retailers have already halted shipments to American customers. Others are seeking temporary workarounds, hoping the new tariff rate may eventually be revised. U.S. ends tariff break: Shein, Space NK and others react to 145% hikes….
TikTok Shop said it’s accelerating discovery commerce with the release of a new playbook for enterprises in the UK. It aims to help retailers take advantage of an e-tail high-growth opportunity. The playbook comes as the platform has been announced as the fastest growing online shopping platform in 2024. And it said discovery commerce “combines the…
By Bloomberg Published April 23, 2025 When Forever 21’s US operator asked for a discount of as much as 50% on a shipment from Kyuseung Ahn’s Seoul-based activewear supplier Leukon Inc., Ahn agreed to the American fast-fashion chain’s demands. For Ahn, it was business as usual: the goods were delivered and the two were exchanging…
By Reuters Published April 22, 2025 U.S. President Donald Trump met with major retailers, including Walmart, Home Depot, Lowe’s, and Target on Monday to discuss broad-based tariffs likely to raise the cost of everyday goods that they import. Reuters Big U.S. chains, like Walmart and Target, rely heavily on imported goods, and tariffs — including 145% levies on China…
By Reuters Published April 9, 2025 Clothing and accessories retailers across the United States are delaying orders and freezing hiring ahead of tariff hikes that take effect Wednesday on products imported from Vietnam and China. DR These businesses, much like Nike, opens new tab and Lululemon, opens new tab, face an impossible choice: offset the cost of tariffs…
By Bloomberg Published April 6, 2025 ThredUp Inc. Chief Executive Officer James Reinhart gave a colleague a high five shortly after President Donald Trump’s overhaul of US trade policy earlier this week—a reaction very different from those of other consumer-company executives hammered by the announcement. ThredUp CEO James Reinhart. – Nate Fong Photography The impetus…