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Neiman Marcus Group Takes Stake in Reseller Fashionphile, Adds Sustainability Partnerships

Retail TouchPoints

As world leaders gather in Glasgow for the COP26 climate change summit, Neiman Marcus Group (NMG) has announced a series of new and expanded partnerships to support its sustainability efforts. NMG is the first North American luxury retailer to join Textile Exchange, alongside brands from other luxury groups including LVMH and Kering. .

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The Very Group appoints Lionel Desclée as group CEO

365 Retail

The Very Group, operator of multicategory digital retailers Very and Littlewoods, has appointed former president and CEO of Walmart Japan Lionel Desclée as group CEO. Current group CEO Henry Birch will step down on 24 September 2022 after four and a half years in the role. The Very Group appoints Lionel Desclée as group CEO.

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How Hydra Health is Transforming the Hospital Gift Shop

Retail TouchPoints

Our mission is to transform spaces that have traditionally been kind of an afterthought and turn them into beautiful, customer-centric and revenue-generating spaces, ” Kloor said in an interview with Retail TouchPoints. This approach] then ends up generating more revenue for the hospital.

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

Retail TouchPoints

Many members of this young, savvy demographic are exchanging their dependence on fast-fashion destinations like SHEIN , choosing to invest in quality over quantity. For example, the brand “hired” Noah, Alibaba’s fashion virtual idol, to host a livestream in September 2022, and nearly quadrupled its daily gross merchandise value.

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As Gen Z Gains Spending Power, Luxury Brands Go Big with Digital  

Retail TouchPoints

Once reserved for an ultra-affluent clientele with disposable income to spend on shopping trips in the world’s most fashionable cities, the luxury category is undergoing a significant transformation. During its July 26, 2022 earnings release, LVMH reported revenue of approximately $37.3

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Payless Relaunches E-Commerce Business, Plans To Open 300-500 Stores

Retail TouchPoints

We’re back and bringing more community responsibility, fashion-forward footwear, and on-trend partnerships,” Margolis added. Margolis, previously president of CAA-GBG ’s Global Brand Management Group, took the helm of the company, now known as Payless Worldwide, in October 2019.

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Experts predict the biggest fintech trends for 2023

365 Retail

Whilst buy now pay later has raised concern in recent years, the online trend allowing customers to split their payments into interest-free instalments continues to surge. . Embedded finance . Embedded finance is also expected to grow in 2023, with searches for the term accelerating by a staggering 488% in the last five years.