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THE RETAIL WRAP: 13th July

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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.

 

Whilst the new transparency coming into fashion with a new guideline on communicating sustainability and how by now pay later improves sales, discover this week's latest topics in retail.

 

Why Gymshark has opened its ‘Deload’ barbershop

Gymshark has opened the doors to its new ‘Deload” pop-up barbershop for the week, where the gymwear giant is providing a “non-judgemental safe space” for men to open up, offload and have a chat with professional mental health-trained barbers, while receiving a free trim.

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The New Transparency coming to fashion: regulations as a baseline for communicating sustainability

Hundreds of sustainability labels and schemes are crippling the apparel and footwear industry. This brouhaha prevents consumers and citizens from properly understanding the impact of the piece of garment that they are buying. But those same consumers are hungry for information, and the industry is hungry to provide. 

The EU Commission is preparing three key legislations that will dramatically change the world of green claims, namely the Consumer Empowerment Directive, the Substantiating GreenClaims regulation, and the Eco Design of Sustainable Product Regulation.

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Buy Now Pay Later improves sales for two thirds of UK retailers

Two thirds of UK retailers report improvements in at least one area of their business sales and performance metrics as a direct result of offering buy now pay later (BNPL) payment to customers, according to a new report by RFI Global.

The research reveals that the most common benefit was sales conversion, with 61% of BNPL-accepting retailers indicating that it had improved their access to new-to-business customers. This drove growth in revenue for 52% of retailers and profits for 37%.

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Four things fashion retail wants from a new prime minister

Following Boris Johnson’s resignation, the fashion industry hopes the next UK prime minister can bring stability, “make Brexit work” for the UK, and deliver business rate reforms. As the search for a new leader begins, Drapers speak to fashion businesses to find out what they want from their next prime minister.

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John Lewis to donate £1.2m to support families this summer

The John Lewis Partnership has unveiled several initiatives to support families this summer, including unlocking £1 million for local charities and organisations helping to support children in families on the lowest incomes across the UK during the summer holidays, as well as a £200,000 donation to the Trussell Trust.

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Written by Yasemin Baytas
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Written by Yasemin Baytas

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