Josh Roberts

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

11

A flurry of fashion retailers are shrugging off high street challenges with demand for new UK stores. Drapers takes a look at the retailers and brands expanding their physical presence. Read more below. #retail #fashion #retailnews #stores #highstreet

3

A flurry of fashion retailers are shrugging off high street challenges with demand for new UK stores. Drapers takes a look at the retailers and brands expanding their physical presence. Read more below. #retail #fashion #retailnews #stores #highstreet

10

Safer Business Action Week: Nisa Retailers Prem Uthayakumaran, Benedict Selvaratnam and Amit Puntambekar share their approaches for tacking retail crime and creating safer stores https://lnkd.in/eJhYdNYU

12

🛍️ Is Charging for Returns the Future of E-Commerce? More and more e-commerce businesses have begun charging fees for returns. This trend, led by big brands such as Oh Polly, Zara, and H&M, raises an important question for other e-commerce: Should you follow suit? 💸 Rising Costs: With return rates increasing, especially in fashion, retailers are introducing fees to manage the operational expenses, such as shipping.  🤔 Customer Experience: While this can reduce costs, it also risks making customers unhappy. Striking the right balance is key. 📈 Industry Trend: Charging for returns is gaining traction, but will it work for your brand? Consider your customer base and the potential impact on loyalty. As shipping and other operational costs associated with returns increase, now might be the time to reassess your return policy. Read the article here: https://lnkd.in/gX7wgnfu

1

We are thrilled that Amazon Fashion is joining Expandly to bring you an exclusive webinar on how to launch and grow your fashion brand on Amazon UK. If you have your own fashion lines or you are a boutique seller or reselling fashion products, this is a must-attend event! 📅 Date: 12th Nov 2024, Tuesday 🕒 Time: London 4:30pm, Berlin 5:30pm, New York 11:30am 🔗 Register Here: https://lnkd.in/dE4bixhr Join us as Nina Bianchi Frizzo from Amazon walks you through strategies to boost your product visibility and enhance customer shopping experiences. Plus, Expandly’s General Manager, Riki Hooker, host of the webinar will provide a detailed step-by-step guide to successfully launching your fashion brand on Amazon UK from the beginning. What We’ll Cover: 1. Step-by-step guide to entering the UK fashion industry, how to get started 2. Efficiently managing inventory, fulfillment, and returns 3. Utilizing Amazon's innovative shopping experiences to enhance brand visibility and drive sales 4. Developing a multi-channel approach for better market penetration Who Should Join: 1. Fashion brands already selling on Amazon in other countries or other marketplaces 2. Boutique brands looking to expand their reach 3. Sellers currently operating from their own storage but aiming to scale up 4. Brands selling apparel, footwear, accessories, jewelry, and beauty products concerned about being too niche Don’t miss this opportunity to gain valuable insights from European expansion experts and take the initial steps to launch your fashion brand to the new markets! 🌟 #GlobalExpansion #eCommerce #FashionBrand #AmazonUK #AmazonFashion #Expandly #eCommerceBrand #SellinUK #SellinEurope

16

Fashion rental platform HURR has teamed up with Deliveroo to cut delivery times down to 20 minutes for central London customers. “You can select and rent your dresses from Hurr to your door faster than ever before, in as little as 20 minutes," said Hurr founder Victoria Prew. “Customer experience is at the heart of Hurr and this unique partnership will deliver your last minute or planned party wear looks to your door faster than fast fashion itself.” Find out more about the partnership by clicking the link below. #fashion #fashionnews #retailnews

9

1 Comment

📣 We’re excited to be featured in FashionUnited In the latest article, Lee Thompson our CEO, highlights the challenges retailers face with the surge in e-commerce returns, stating, “Returns are becoming a significant issue for retailers as they work to balance customer satisfaction with profitability.” Discover how the surge in e-commerce returns is challenging retailers and learn strategies to navigate this issue by reading the full article here: https://hubs.ly/Q02SwSvy0 At fulfilmentcrowd, we offer innovative solutions to help brands streamline their returns processes, reduce costs, and maintain customer loyalty—even during peak season. 🌊💼 Looking to switch fulfilment provider? Contact the team today! https://hubs.ly/Q02SwHMx0 #ecommerce #retail #logistics #returnsmanagement #peakseason

10

2 Comments

At the Drapers Future of Fashion conference on 19 June, The Very Group's digital customer experience director Paul Hornby shared his advice on harnessing the power of AI and other new technologies dictating the future of fashion retail. Subscribe to read more below. #DFOF #DrapersFutureofFashion #technology #fashiontech #AI

2

The investment on becoming more sustainable in the fashion industry is still extremely small. Even a brand like Ganni whom many consumers see as sustainable published in their report for 2023 that they spent 0.60% of total revenue on responsibility down from 2022 1.10%. This week seeing the closure of brands such as Mara Hoffman is also depressing. The only effort to move the needle has mainly been driven by a combination of legislation and more mindful production of goods. The system is still flawed due to its drive for continuous projection of double digit sales increases. The saddest part is the huge increase of product thru Shein and Temu flooding the market with cheap, questionable labor and possible toxic product at an accelerated rate never seen before. For those who are not aware From 2017 through to the first half of 2023, Shein revenues grew 20x, from $1.5 billion to $40 billion, surpassing Amazon as the single most downloaded shopping app in the US while racing past Zara for the overall number one spot in US fast fashion.  The fair wage and abuse of garment workers is another problem created by low priced fast fashion. The take away sadly from this years Global Fashion Summit is that though there is some investment in innovation we simply are not moving as an industry fast enough to reduce emissions nor improving the system to produce less. I wish on this Friday I had better news but sadly we need consumers and leaders to drive real change.

11

Fashion brands Castore, Passenger and Nobody's Child have been ranked among the fastest-growing UK retailers in the annual Interpath Retail Index, supported by Oresa executive search. Read more below. #retail #retailnews #castore #fashion #fashionnews

10

Why Stitch Fix (SFIX) Stock Is Trading Up Today 📈 The Power of Investing in Health & Wellness 🚀 Summary: Stitch Fix, the leading online personal styling service, has been experiencing a surge in its stock price today. With a proven track record of success and a strong presence in the health and wellness industry, investing in Stitch Fix can yield significant returns to boost your Health Savings Account (HSA) portfolio. 👉 Don't Miss Out on This Thriving Opportunity! Act Now! 💪 Subheadings: 1. The Rise of Stitch Fix: A Disruptor in the Fashion Industry 2. Health and Wellness Integration: The Key to Success 3. Seamless Online Experience: Transforming the E-commerce Landscape 4. Expanding Market Share: The Sky is the Limit! #hsa #investing #healthcare #health #family #wellness Stitch Fix, the trailblazing disruptor in the fashion industry, has managed to seamlessly integrate health and wellness into its business model. By recognizing the growing importance of self-care and personal well-being, Stitch Fix has positioned itself as a leader in the market. With a customer-centric approach, Stitch Fix provides a personalized styling service that empowers individuals to look and feel their best. This unique value proposition has attracted a vast customer base who prioritize health and wellness in their lives. As a result, Stitch Fix's stock price has surged, offering an incredible investment opportunity. The company's emphasis on a seamless online experience has revolutionized the e-commerce landscape. By leveraging data and technology, Stitch Fix delivers curated clothing options tailored to each individual's preferences. This innovative approach has not only increased customer satisfaction but also boosted revenue growth. Stitch Fix's commitment to expanding market share further fuels its investment potential. With an ever-growing customer base and an expanding product line, the company is well-positioned for continued growth and profitability. By investing in Stitch Fix, you can tap into the lucrative health and wellness industry and potentially earn significant returns to grow your HSA. Don't let the Fear of Missing Out hold you back. Take action now to seize this thriving opportunity and empower your financial future! 💼 Act on Opportunity 💼 Invest in Stitch Fix today! 🚀

1

UK clothing retailer New Look has signed an agreement to better protect the rights of workers in its supply chain. Read more on its strategy here. #fashion #fashionnews #retail #retailnews #NewLook

6

Fashion Resale, Circularity & Government's onus is on the rise. Do you see it👇 Consider the Resale Market Size Figures - Global Market Value: Estimated at $197 billion in 2023. - Projected Growth: Expected to reach $350 billion by 2028. - Annual Growth Rate: CAGR of 12% from 2023 to 2028. Key Geographies North America - Market Size: Significant growth, with the U.S. market projected to reach $73 billion by 2028. - Drivers: Strong consumer demand for sustainable fashion and affordability. Europe - Market Size: Rapid growth driven by eco-conscious consumers. - Drivers: High awareness of environmental impact and preference for circular fashion. Asia - Market Size: Emerging as a key market with increasing adoption of resale fashion. - Amongst other Asian economies India stands a bit apart. - India with a young median age of 32, rising income levels, and a hyperconnected population builds aspirations, dreams, and the purchase quotient for resale as well as a good case for circularity. - Drivers: Growing middle class and digital adoption. South America - Market Size: Increasing interest in resale fashion. - Drivers: Economic factors and rising sustainability awareness. Reasons for the Rise Sustainability - Environmental Impact: Reducing waste and extending the lifecycle of fashion items. - Consumer Awareness: Growing concern for the planet among younger generations. Affordability - Cost Savings: Access to high-end brands at lower prices. - Economic Factors: Consumers seek value for money during economic uncertainty. Digital Platforms - Convenience: Online platforms like The RealReal, Vestiaire Collective, and ThredUp making resale accessible. - Technology: AI and AR enhancing the shopping experience. Changing Consumer Behavior - Conscious Consumerism: Preference for ethical and sustainable purchases. - Gen Z and Millennials: Leading the shift towards secondhand fashion. Brand Collaborations - Luxury Brands: Gucci, Burberry, and Stella McCartney partnering with resale platforms. - Fast Fashion Brands: H&M launching Sellpy and COS introducing "Resell." Government Regulations - Supportive Policies: EU's Corporate Sustainability Due Diligence Directive. - Incentives: Encouraging circular economy practices. The Carousel is a deep dive and covers the following topics: 1. The Rise of the Resale Fashion Market 2. Key Drivers 3. Luxury Brands Embracing Resale 4. E-commerce Platforms Leading the Way 5. Fast Fashion Brands Exploring Resale 6. Benefits for Brands 7. Challenges in the Resale Market 8. Consumer Behavior Trends 9. Technology's Role in Resale 10. The Future of Resale Fashion 11. Impact on Traditional Retail 12. Sustainability Implications The next 5 years are a prep to get into the mode of an organizational sustainable mindset and the actual change across the value chain, brands, consumers, and retail will come after. Would you agree? #management #luxury #fashion

12

8 Comments

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

1

Independents are the bedrock of the fashion retail industry, but cost-of-living challenges, business rates reforms, supply chain delays, Brexit setbacks and a further shift towards online sales have all impacted the sector. The Drapers Indie Indicator 2024 gives you the chance to share your thoughts on these critical matters. Click below to share your thoughts. #retailnews #fashionnews #fashion #survey #independent #indieretail

1