Donna Selway

Retailers Step Up Efforts to Combat Serial Returns 🛍️ Retailers like ASOS, H&M, and Zara are implementing new strategies to address the challenge of serial returns. With return rates impacting profits and sustainability efforts, these brands are introducing stricter return policies and exploring tech-driven solutions to better understand sizing and reduce unnecessary returns. This shift is part of a broader effort to manage the financial and environmental costs associated with high return rates. 🌿 At SAIZ, we see this as a critical area where data and technology can make a real difference. High return rates not only affect profitability but also customer satisfaction and sustainability. By connecting data from product development to consumer experience, we help brands understand fit and preference better, making smarter decisions that minimize returns and maximize customer satisfaction. We believe that the future of retail lies in smarter, more data-driven approaches that benefit both brands and consumers. Let's turn the challenge of returns into an opportunity for innovation and growth. 🚀 https://lnkd.in/gZj4CSFZ

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From Asos's Topshop sale to Boohoo Group’s US warehouse closure, Drapers explores what measures retailers are taking to shore up their balance sheet and why. "In the current market, it’s an easier and cheaper option to sell assets rather than raising finance externally." Read the full story below. #fashion #finance #retail #retailnews #asos #boohoo #topshop

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From Asos's Topshop sale to Boohoo Group’s US warehouse closure, Drapers explores what measures retailers are taking to shore up their balance sheet and why. "In the current market, it’s an easier and cheaper option to sell assets rather than raising finance externally." Read the full story below. #fashion #finance #retail #retailnews #asos #boohoo #topshop

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John Lewis & Partners CEO Nish Kankiwala will revert to the role of a non-executive, advising the retailer's board. "It’s been the privilege of my life to lead the partnership as CEO during this period of intense transformation." Find out more details below. #retailnews #fashionnews #fashion #JohnLewis #CEO #peoplemoves

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Marks and Spencer reported growth and rising profits across its clothing and home division for the year to 30 March 2024. Drapers examines its strategies. "M&S appears to be going from strength to strength under the direction of Stuart Machin." Read more below. #MarksandSpencer #retailer #retailnews #fashionnews #StuartMachin

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Fast fashion giant Shein's UK division has doubled its pre-tax profit in the year to 31 December 2023 to £24.4m as full-year revenue reached £1.5bn. Read the full story below. #Shein #fashion #retail #fashionnews #retailnews

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Ahead of the general election that will take place on 4 July, Drapers wants to know what the fashion retail industry needs from a new government. Whether it is a business rates reform, a focus on shoplifting or doubling down on regeneration, we want to know about the issues that affect your business and could benefit the industry. Please send your views to [email protected] or click below to read more. #fashionnews #retailnews #generalelection #election2024 #fashion #RishiSunak

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Ahead of the general election that will take place on 4 July, Drapers wants to know what the fashion retail industry needs from a new government. Whether it is a business rates reform, a focus on shoplifting or doubling down on regeneration, we want to know about the issues that affect your business and could benefit the industry. Please send your views to [email protected] or click below to read more. #fashionnews #retailnews #generalelection #election2024 #fashion #RishiSunak

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Customers are demanding better value for money as they prepare for the back-to-school season. Drapers explores how fashion retailers are supporting parents, while also getting ahead of the competition. “It is really important that retailers keep school uniform costs down. For parents every penny really does count and school uniform costs quickly mount up." Click to read more from Marks and Spencer, Sainsbury's Tu Clothing, HYPE. and Deichmann. #backtoschool #kidswear #schoolwear #fashionnews #costofliving #retailnews

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Frasers Group has published an open letter to Boohoo Group PLC's board “proposing a solution to Boohoo’s leadership crisis to restore value for all shareholders”. Read more here. #fashion #fashionnews #retail #retailnews #Boohoo #MikeAshley #FrasersGroup

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June shop price inflation has fallen to its lowest level since October 2021, as a result of retailers’ investments in operations and supply chains, says the British Retail Consortium (BRC). Read more below. #fashion #fashionnews #retailnews #inflation #BRC

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From Asos's Topshop sale to Boohoo Group’s US warehouse closure, Drapers explores what measures retailers are taking to shore up their balance sheet and why. "Businesses are looking at what they have in terms of both on-balance sheet and off-balance sheet assets to see where they can get cash quickly." Read the full story below. #fashion #finance #retail #retailnews #asos #boohoo #topshop

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Superdry has detailed its restructuring plan, where it expects to make an unspecified number of job losses as a result of store closures and the delisting process. Find out more below. #fashionnews #retailnews #superdry #administration #jobcuts

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How much money can you make in Buying and Merchandising? 🫶 This is an updated version of my post in 2022 to reflect the current average salaries in Buying & Merchandising within retailers in the North! It can be really hard to find salaries for roles in the Fashion Industry and of course different brands may pay different salaries but this is a rough guide of salaries across retailers in the North for Buying and Merchandising roles including the different job titles for each level 🙌 Sometimes the salaries increase as National Minimum and National Living Wage also increase but as it stands, this is what brands in the North are roughly paying for Buying and Merchandising positions🤍 #buyingandmerchandising #buying #merchandising #salaries #fashionjobs

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