Join the Retail Wrap to discover the latest news and happenings from throughout the diverse retail and design industries. 

 

From e-commerce and high street brands to inspirational and trending topics, our weekly series will bring you up to speed on the latest hot topics from across retail, lifestyle and design; covering everything from retailer updates, changes in purchasing behaviour, inspirational case studies, and the latest trends.

With the ongoing financial restrictions in the UK, retailers are looking for ways to keep the commercial industry alive and thriving. Moreover, many UK businesses have started to incorporate more technology into their consumers' retail experience. 

A quarter of retailers are preparing to enter the metaverse within the next year 

Online shopping will be taken to the next level using VR technology. 

Consumers will soon be putting on headsets and using virtual or augmented reality as part of the retail experience, either instore or online.

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Live streaming and stores as physical fulfillment centers – China’s innovative retail experiences

More than half of global e-commerce sales come from China, which is home to some of the most innovative retail technologies and business models.

Mei Chen from Alibaba and Claudia Vernotti, co-founder and director of ChinaEU, discussed the specifics of the Chinese market and the latest innovations in the luxury industry in a panel at Shoptalk Europe.

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EU-UK trade likely to derail despite record UK exports to the EU, warns ParcelHero

New figures released today show UK exports to the EU have increased by 8.1% and are now at their highest levels since records began. 

However, Britain’s NI Protocol override bill will likely derail trade once again, according to the international delivery company ParcelHero.

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Asos shoppers return more as rising prices hit

Asos has warned that full-year profits will fall sharply as cash-strapped customers return more items to the online clothing retailer.

The company said that while sales rose in the three months to the end of May, profit had been hit by "inflationary pressures on consumers".

Asos's chief operating officer Mat Dunn said it was "too early" to tell how long this behaviour would continue.

But the firm expects adjusted pre-tax profit to fall to between £20m to £60m.

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Klarna CEO believes his company will be a ‘force for good’ during cost of living crisis

Klarna’s CEO Sebastian Siemiatkowski believes that his company will be a ‘force for good’ in the UK’s cost of living crisis. 

“We have the ability to very quickly adapt as the macroeconomics are changing, and be very mindful of making sure that our consumers don’t overextend themselves,” he told The Times.

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