John Lewis introduces the largest high-street menswear rental range in the UK. Powered by Hurr, it offers brands like Boss Tailoring and Charles Tyrwhitt, with prices starting at £40 for a 4-day rental. The global menswear rental market is set to reach £2.36B by 2027.

Oh Polly, a fashion retailer, now charges a tiered fee for returns based on the percentage of the order returned. The policy aims to manage costs associated with high return rates. First-time returns remain free for new customers.

Hugo Boss XP, a new tech-based loyalty program, launches in the UK next month. It combines traditional loyalty features with blockchain and Web3 elements, allowing members to collect and trade NFTs. The program aims to enhance customer engagement and lifetime value.

TPG had its best year in 2023. Gross merchandise volume grew to $770M, and sales hit $480M. The number of partners rose to 5,520, and active customers grew to 4.05M. Profitability improved with adjusted EBITDA at $24.7M and consolidated profit at $29.4M.

Mytheresa, a leader in luxury e-commerce, reported a 15% growth in GMV in 2023, reaching $932M. It aims for $1B by year-end with a 3.9% EBITDA margin. The U.S. market saw a 42% GMV increase, driven by targeted events and pop-up shops. CEO Kliger sees bright prospects.

Germany backs ending EU import tax breaks for Shein and Temu. This change could affect their ability to offer low-cost products by eliminating the current €150 exemption, increasing scrutiny on imports, and impacting their business strategies.

LVMH strengthens its partnership with Alibaba to redefine luxury retail in China. Leveraging Alibaba's AI and cloud technologies, LVMH aims to enhance customer experiences and streamline operations. The partnership, starting in 2019, now covers over 30 brands and includes new AI capabilities like Qwen and Bailian.

Esprit, present in over 40 countries, files for insolvency in Germany affecting 1,500 jobs. High rent, labor, and energy costs, alongside pandemic after-effects and international conflicts, cited as reasons.

Shein's promise to improve conditions remains unfulfilled. Workers still face 75-hour weeks and low wages. Audits reveal persistent issues, raising questions about Shein's commitment to change.

BuyBay launches You Grade, a SaaS product for retailers to resell returned items in their own distribution centers. This software increases resale profitability and reduces CO2 emissions, extending product life by up to 80% of original value.

Reebok unveils an AI-driven fashion experience on Instagram called 'Reebok Impact.' Users can create custom digital sneakers by sending a photo via DM. This feature is free for up to four creations, usable in games like Fortnite and Roblox.

Mytheresa's Q3 sales grew by 17.6%, reaching $251.5M. GMV increased by 14.7% to $271.2M. EBITDA soared by 183.8%, and losses were reduced by 41.7%. The CEO highlighted their strong performance in a challenging market.

Poshmark launched "Promoted Closet," a tool for sellers to promote all listings at once. Using machine learning, it boosts items based on search terms. Sellers set budgets and are charged per click. Beta testers saw a 43% sales increase. Available now in the U.S.

Zalando is restructuring its management board to enhance B2C and B2B strategies. David Schneider steps into a new role, with David Schröder becoming co-CEO. Changes take effect 1 September 2024, aiming to strengthen market position and customer relationships.

Frasers Group is rolling out a cutting-edge digital platform across Europe, enhancing their retail operations and online customer experience. Designed with top tech firms, the platform aims to improve shopping with new personalization features and efficient stock management.

Vinted, a Lithuania-based secondhand clothing platform, reports a net profit of $17.8M for 2023, a significant rise from a $20.4M loss in 2022, with sales up 61% to $596.3M. The platform now operates in new markets including Denmark, Finland, and Romania.

About You Holding SE, a Hamburg-based e-commerce company, saw sales of €1.94B, up 1.6% YOY. Adjusted EBITDA improved significantly, reaching €3.2M after a loss of €137M last year. The net loss reduced to €112.2M, nearly halving the previous year's €229M.

Coupang, a South Korean e-commerce giant, saw its net income drop dramatically in Q1 2024, from $91M to $5M, largely due to its recent acquisition of luxury retailer Farfetch. Excluding Farfetch, net income would have been $98M.

Poland's government, led by Finance Minister Andrzej Domański, is looking to protect local producers by imposing additional fees on Chinese shopping platforms Shein and Temu, potentially raising prices for Polish consumers.

Zalando's first-quarter sales of $2.37M mark a minor drop but show promise of recovery with a net loss improvement from $41.4M to $9.6M. Strong B2C and B2B growth highlighted by a 1.3% margin in adjusted EBIT.

Superdrug expands its Lakeside store to 7,669 sq. ft. Adds nurse services, luxury fragrances, and a Beauty Studio. New loyalty rewards for customers.

Frasers Group has bought the intellectual property (IP) of Matches, including the brand name and database, and licensed it back to the administrators, aiming to continue its operations and potentially sell off assets.

Shein and Forever 21 enhance their partnership with a new returns program, leveraging Happy Returns technology. This service, available across over 300 U.S. stores, facilitates easy, box-free returns.

Global Fashion Group (GFG) reported a significant 21% drop in sales for Q1 2024, earning 153M USD. Adjusted EBITDA also fell to 17.3M USD despite improvements in gross margin. The company maintains its forecast, expecting a currency-adjusted decline in NMV of 5-15%.

Ted Baker, a British fashion brand, is expected to close several stores in the Netherlands and Belgium. This comes after its European partner AARC failed to meet financial obligations, affecting 19 total locations. Authentic Brands Group ended its partnership with AARC in February 2024.

Shein, originally a fast-fashion retailer, is now branching into household products like toothpaste and toys, leveraging brand partnerships to enhance its market position ahead of a planned IPO.

Vinted, a Lithuania-based online fashion platform, reports first profits with a 61% sales jump to $643M, driven by expansion in Europe and a push into luxury markets.

Nordstrom launched a new digital marketplace to enhance customer satisfaction with more brands and personalized services. Key features include user-friendly navigation and tailored product recommendations.

ABF's Primark sees a 7.5% surge in H1 revenue to $5.6bn (£4.5bn), driven by new store openings and increased selling space. Plans are underway to expand its Click + Collect initiative across the UK, aiming for nationwide coverage by 2025.

Rebag launches Rebag+, charging $50/month or $500/year, converting into store credit, with perks like free shipping and returns. CEO Gorra aims to boost sales, targeting dormant customers, amid a "deceleration" in growth.

Vestiaire Collective's analysis reveals luxury items have lower "price per use" than fast fashion. For instance, a coat from Vestiaire Collective costs €1.62/use, compared to €4.83 for fast fashion. The study indicates pre-owned luxury is three times cheaper.

Shein, a big online player in the EU with 45M users, now has to fight counterfeit goods within 4 months under the DSA.

Ebay hosts its 1st UK livestream shopping event on May 1, featuring Katherine Ryan’s pre-loved fashion items. Funds raised go to Women’s Health Information and Support Centre charity.

StockX launches immersive shopping app for Apple Vision Pro, featuring 3D sneaker showcase, live market data, and 'Shop the look' feature.

TikTok Shop has introduced secondhand luxury to the UK market, a move that follows its successful venture in the US since 2022, where it has already sold over $1 billion worth of products. This expansion aligns with the global trend of a thriving secondhand luxury market, which was valued at $49.3 billion in 2023.

Allbirds received a delisting warning as its stock lingered below $1 for 30 days. The footwear company has until Sept. 30 to boost its share price to regain compliance with Nasdaq.

VAUDE starts its online second-hand shop in Germany, promoting long-term use and reducing environmental impact. Explore high-quality used products at affordable prices.

Amid survival struggles, Superdry announces a delisting plan from the stock market, focusing on restructuring without closing stores.

Asics' new Nimbus Marai, a fully recyclable running shoe, hit stores on April 12, aiming for a sustainable future. Retailing at $180, the initiative includes a returns program in several countries.

Dr Martens is taking legal action against Temu for allegedly misusing its trademarks in keyword advertising, a move that underscores the complexities of digital marketing and brand protection.

Zalando has challenged the EU supervisory fee's calculation, seeking clarity on the methodology affecting 47.5 million users, amid broader tech regulations disputes.

Shein collaborates with Flexport and ShipStation, enhancing logistics for U.S. sellers and boosting efficiency.

Shein's persistent interest in acquiring Topshop highlights its strategic moves in the fashion industry. Asos, grappling with losses, considers the sale vital for financial recovery.

With AI search upgrades, Rent the Runway enhanced its digital experience, leading to a 10% increase in loyalty. Their future plans include streamlining UX and adding educational content.

Following its acquisition by Vinted, Danish online marketplace Trendsales has laid off all 79 employees as of April 2024, amid uncertainties about its future.

Asos, once a pioneer in online retail, is grappling with a 20% decline in sales, fierce competition from Shein and Temu, and a changing business model.

From April 19-21, Shein's Liverpool pop-up will offer fashion, beauty, and exclusive first looks at Musera label. Catch Shein's growth from Manchester HQ to a potential London IPO.

Temu, the Chinese e-commerce giant, now under closer scrutiny by the EU, could face stringent content-moderation rules after reaching 75 million European users. The EU's concerns include privacy and consumer misinformation.

Shein and MercadoLibre are actively recruiting vendors in Brás, São Paulo, enhancing their services to dominate the local $3B garment market.

eBay's new policy removes final value fees for pre-loved clothes, aiming to simplify selling and boost the circular economy. AI-powered listings and eBay Live are set to enhance the user experience.