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Klarna launches virtual shopping experience

Payment provider Klarna has announced the launch of a Virtual Shopping offering, allowing customers to browse and buy products through live chats and video calls. Utilising Klarna’s Store App, in-store experts will be able to connect with shoppers online, with the option to provide demonstrations on items and share photos of products with app...

11 hours ago

Business

Retail experience platform Nexite secures 100 million dollars in funding

Retail data analytics platform Nexite has announced it has secured 67 million dollars in its most recent Series C investment round, bringing the company’s total funding to 100 million dollars. Founded by Anat and Lior Shakedd, the platform provides brands with real-time sales funnel analytics for in-store customer experiences and to help drive...

May 13, 2022

Business

3 Ways ‘Next Gen’ consumers are using payment technology to counter inflation

Inflation is at a four-decade high, forcing consumers to be more wary of their purchasing habits and impacting retailers’ much needed recovery following the loosening of covid-19 measures. However, a recent survey by Coresight Research still found a positive consumer sentiment toward spending, despite inflation, which further suggested that...

May 12, 2022

Retail

Shaftesbury and Capco confirm “advanced discussions” for potential 3.5 billion pound merger

London real estate giants Shaftesbury and Capco have confirmed they are currently in “advanced discussions” for a potential all-share merger that would see the duo bring together an expansive combined retail portfolio. In a press release from Shaftesbury, the firm stated that the merger would result in a Real Estate Investment Trust focused on...

May 9, 2022

Retail

Savage X Fenty announces further retail locations in US

Rihanna’s lingerie brand Savage X Fenty is continuing on the path of its retail expansion with the announcement that it will be opening six new stores throughout the US. The brick-and-mortar destinations will be located in Chicago, Long Island, Atlanta, Detroit, St. Louis and Newark. In a release, the company said: “The direct-to-consumer...

May 5, 2022

Retail

NRF raises 3.22 million dollars to fund programmes supporting future retail leaders

The National Retail Federation (NRF) has raised 3.22 million dollars at its seventh annual NRF Foundation Honors, an event to raise funds for the organisation’s programmes supporting careers in retail. Set at the Marriott Marquis Times Square, the event was co-hosted by Macy’s chairman and CEO, Jeff Gennette, and former Qurate Retail president...

Apr 15, 2022

Retail

Galeries Lafayette Haussmann to reveal space dedicated to wellness

Paris department store Galeries Lafayette Haussmann has said it will be unveiling a new space in its main Cupola building, completely dedicated to wellness offerings. To be opened this coming summer, the location will span an entire 3,000 square metre floor and aims to “democratise access to wellness”, a sector the retailer said is still “highly...

Apr 12, 2022

Retail

The Body Shop grows global in-store refill programme

UK-based cosmetics company The Body Shop has revealed an “ambitious” five year plan that will see it continue to globally roll out refilling stations at its stores. The initiative, which comes as part of the retailer's efforts to reduce plastic waste, is being introduced in stores across the US as it strives to have refill stations in 49 percent...

Apr 11, 2022

Business

Levi Strauss & Co. outlines 'aggressive expansion strategy’ in East Asia Pacific

American denim group Levi Strauss & Co. has outlined a strew of “ambitious” plans aimed at accelerating its sustainable business growth and further its commercial success in the East Asia Pacific region. As part of the strategy, the company has revealed it will be opening a number of new stores in the likes of Japan, Australia, Singapore and...

Apr 11, 2022

Retail

Scotch & Soda plans global expansion with 20 international store openings

Dutch fashion label Scotch & Soda has revealed plans to continue carrying out its international growth, with the goal of opening a total of 20 retail stores over the next six months. In its range of store openings, the brand will be debuting two flagships in Milan and London, Covent Garden, which are to be its largest European stores outside of...

Apr 8, 2022

Retail |In Pictures

Next opens store with new department concept in Watford

British retailer Next has unveiled its new department-like store at Atria Watford, with a fresh concept that sees it take on a new retail phase. In a first of its kind for the retailer, the 62,704 square foot store includes clothing departments for women, men and children as well as a homeware department and a reconfigured beauty hall. The...

Apr 7, 2022

Retail

Selfridges reveals experimental ‘earth-conscious’ pop-up at Oxford Street

Luxury department store Selfridges has unveiled a four-week retail experiment taking place at its Oxford Street store that imagines “an earth-conscious shop of the future”. Located at The Corner Shop, the ‘Supermarket’ experience allows visitors to explore a “creative playground” consisting of technology that provides on-demand 3D printing and...

Apr 7, 2022