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ASOS Links Executive Pay to Sustainability Goals

Retail TouchPoints

British online fashion and beauty retailer ASOS has laid out a comprehensive plan to achieve a detailed set of Environmental, Social and Governance (ESG) goals by 2030, including becoming net zero across its full value chain. department chain Nordstrom to drive global growth of the brands.

Fashion 251
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Fast-fashion giant Shein aims to cut emissions 25% by 2030

RetailDive

The online retailer will work with hundreds of its suppliers to implement greener practices.

Fashion 116
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Amazon and Rivian discuss ending exclusive e-van deal

RetailWire

Amazon.com and Rivian are discussing ending an exclusivity agreement between the two companies after the online retailer placed an order for electric vans from the automaker at the low end of the range agreed upon. Amazon said it remains committed to buying 100,000 vans from Rivian by 2030.

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With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

As a result, the luxury market’s base expanded to approximately 400 million consumers in 2022 and is expected to reach 500 million by 2030, Bain & Company revealed — and the expansion goes far beyond the aspirational promise.

Payments 290
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A Brand Embassy for Coffee Lovers: Nespresso’s New Flagship Concept Debuts in Vienna

Retail TouchPoints

The new flagship boutique aims to bridge the gap between offline and online retail, delivering artistic, innovative and in-person brand experiences while incorporating sustainable design. By 2030, Nespresso’s ambition is to run all of its permanent boutiques entirely on renewable energy. An Experience Designed Around 5 Arts.

Arts 284
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Boohoo to create 5,000 jobs in expansion plans

365 Retail

Online retailer boohoo has announced plans to create 5,000 jobs by expanding its warehouse and building new IT systems over the next five years. He added: “They’re not going to be fixed in six and 12 months… It’s the same 2030 timeframe as combustible engines.”. Boohoo is to create 5,000 jobs (Ian West/PA).

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Latest retail report shows buyers are embracing change as they continue to navigate supply chain pressures

365 Retail

Online retail product discovery and purchasing platform RangeMe analyses user data from more than 15,000 retail buyers and around 200,000 suppliers to help report the latest trends. retail sales of plant-based foods grew 6.2% billion in 2021 and is expected to increase 9.7% billion.