Beware of fake deals as Prime Day approaches As the highly anticipated Prime Day approaches, online shoppers are gearing up for exclusive deals and discounts on a wide range of products. However, amidst the excitement and frenzy of snagging the best bargains, there is a lurking threat that consumers need to be wary of – […]
Robotics set to have a ChatGPT moment
Robotics Set to Have a ChatGPT Moment In the realm of artificial intelligence, ChatGPT has made significant waves recently for its ability to engage in human-like conversations. But now, the spotlight is shifting towards robotics, as industry giants like Nvidia and Amazon are backing the rapid growth of physical AI. This support is paving the […]
AliExpress agrees to binding EU rules on data and transparency
AliExpress Agrees to Binding EU Rules on Data and Transparency E-commerce giant AliExpress has made a significant decision to adhere to binding European Union rules regarding data privacy and transparency. This move comes in response to mounting pressure from the EU, which has been advocating for stricter regulations to protect user data and ensure transparency […]
France fines retailer Shein 40 million euros for misleading discounts
France Fines Retailer Shein 40 Million Euros for Misleading Discounts Fast-fashion giant Shein has recently found itself in hot water, as French authorities have slapped the retailer with a hefty fine of 40 million euros. The reason behind this substantial penalty? Deceptive business practices that misled consumers with false discounts. This move comes after an […]
M&S eyes full online recovery by august after cyberattack
M&S Strategizes for Full Online Recovery Following Cyberattack In the fast-paced world of e-commerce, even retail giants like M&S are not immune to cyber threats. A recent cyberattack on M&S resulted in a significant blow to the company, with customer data breaches and supply chain disruptions causing a major setback. However, true to form, M&S […]
Amazon reaches one million warehouse robots
The Rise of Automation: Amazon Reaches One Million Warehouse Robots In the ever-evolving landscape of e-commerce, Amazon has been at the forefront of innovation and efficiency. The tech giant recently reached a significant milestone, with around one million warehouse robots supporting its operations worldwide. This achievement underscores the increasing reliance on automation in the realm […]
Where Does Nike Go From Here?
Where Does Nike Go From Here? With pressure mounting on CEO John Donahoe, the sportswear giant’s precise turnaround plan remains unclear. But the rehiring of Nike veteran Tom Peddie this week offered more clues on the brand’s direction. Nike, a company synonymous with innovation and success, has faced its fair share of challenges in recent […]
Inside China’s Burgeoning Streetwear Scene
Inside China’s Burgeoning Streetwear Scene China’s streetwear market is currently experiencing a significant boom, with a growing number of local brands gaining international recognition and attracting global consumers. This trend is fueled by a combination of factors, including the country’s massive population, increasing purchasing power, and a strong appetite for Western-influenced fashion trends. One of […]
Fast Fashion’s M&A Frenzy, Explained
Fast Fashion’s M&A Frenzy: Asos and Frasers Group Lead the Way In the ever-competitive world of fast fashion, where trends shift as quickly as the seasons, mergers and acquisitions (M&A) have become a strategic tool for companies looking to stay ahead of the curve. Recently, UK-based fast-fashion giants like Asos and Frasers Group have been […]
Growing International Sales Boost Gymshark Revenue and Profits
International Expansion Drives Gymshark’s Impressive Revenue Growth In the fiercely competitive world of activewear, UK-based Gymshark has managed to carve out a significant niche for itself. The brand’s recent financial report for the year ending July 31, 2021, reveals a remarkable 54 percent surge in revenue. This substantial growth can be attributed largely to Gymshark’s […]