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THE RETAIL WRAP: 23rd June

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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.

 

Shopify partners with Twitter to expand social commerce offering

Shopify has partnered with social media platform Twitter to launch Twitter Shopping as a social commerce strategy. The Canadian ecommerce giant has become Twitter’s first commerce partner as they launch the Twitter Shopping capability.

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Sustainable goods see decline due to high cost, yet luxury sales grow

With inflation rates at a forty year high as recession predictions swirl around the financial sphere, it would make sense to see a decline in discretionary spending as the cost of gas and daily essentials rise. 

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First day of rail strikes hits high street footfall

High street footfall in the UK has already been battered from the first day of strikes by rail workers, new data shows.  The strikes come as retailers were relying on their first restriction-free summer since the pandemic.

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European fashion organisations come together to form European Fashion Alliance

A total of 25 European fashion councils and organisations have come together to co-found a new alliance that is aiming to “empower a prosperous, sustainable and inclusive European fashion ecosystem”.

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Why are online fashion pureplays feeling the heat?

Online fashion giants Asos and Boohoo Group have both posted troubling trading updates, after being hit by higher return rates, surging costs and shifting consumer habits. In an era of spiralling inflation, questions now loom over the future of the sector.

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Written by Yasemin Baytas
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Written by Yasemin Baytas

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