Major global brands Nike, H&M, Burberry and Gap have signed up to an initiative that aims to improve the industry's record on sustainability after a study found less than one percent of clothing is recycled.
The Global Brand Counterfeiting Report 2018 was published on Monday, revealing a growing problem in the luxury industry, where online sales of fake goods accounted for 31% of total counterfeiting-related losses in 2017.
U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.
A survey of 1,000 shoppers has found that consumers would be more persuaded to make expensive purchases online if websites would provide more in-depth product information, better visuals and faster checkout.
The UK continues to prove its reputation as a ‘nation of omnishoppers’ with the proportion of Britons shopping online once a week rising from 22% in 2017 to 26% this year, according to research from Royal Mail Group.
The Irish retail sector suffered sales losses exceeding 30% in some instances during the last week of February, when several stores were forced to close and adapt to supply chain turbulence as a result of Storm Emma.