A study held in five European countries has assessed the CO2 emissions of physical and digital retail, notably in the fashion sector, showing that physical retail is on average 2.3 times more polluting than e-tail.
Zegna has partnered with automotive giant Stellantis in an ambitious plan to transform its entire fleet into green cars by 2025. Stellantis brands include Fiat, Alfa Romeo, Peugeot, Citroën and Maserati.
Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed.
The New York-based fashion group revealed its preliminary Q4 financial results on Thursday, reporting a decrease of 28.4% in its net sales as the Covid-19 pandemic continued to take its toll on the company’s operations.
Chinese e-commerce giant Alibaba Group Holding has frozen pay raises for senior executives in 2021, and is instead giving junior staff bigger pay rises, sources said, in an effort to retain its main workforce.
Galeria Karstadt Kaufhof director Miguel Müllenbach has planned numerous discount campaigns for when lockdown regulations ease. Germany’s last department store chain may require additional aid from the state.