Starbucks will start serving its increasingly popular cold drinks in cups made with up to 20% less plastic next month at its shops in the US and Canada. Cold beverages like Frappuccinos now generate three-quarters of the chain's US drink sales, and the new cups are more sustainable to produce and will keep millions of kilograms of plastic from landfills annually, the company said.
Shein and Authentic Brands Group are reportedly among the potential suitors for UK fashion retailer Topshop. In 2021, Asos paid £330 million for the Topshop, Topman and Miss Selfridge banners.
Stop overpaying for address autocomplete Retailers like Michaels and DICK'S Sporting Goods are switching to Radar for address autocomplete and address validation, saving up to 90%. Radar's address autocomplete APIs are part of Radar Maps Platform, the cost-effective, all-in-one alternative to Google Maps and Mapbox.
Spain-based Puig Brands, whose portfolio includes Carolina Herrera and Jean Paul Gaultier, will hold its initial public stock offering next month with shares priced at €22.00 to €24.50. Puig is aiming for a valuation of nearly $15 billion, and its global fashion and fragrance brands have brought in a reported 2023 net revenue of €4.30 billion.
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LVMH reported a rise in spending by Chinese luxury shoppers outside their home country in the first quarter, especially in Japan, where the weak yen made goods like Louis Vuitton bags more affordable. Chinese consumers generate around 23% of global luxury sales, down from 33% pre-pandemic, said Bloomberg Intelligence analyst Deborah Aitken.
Despite recent news that Amazon is walking away from its "Just Walk Out" checkout technology, the company says it's simply tailoring the tech for venues where it works best, such as in stadium, airport and university shops where shoppers are making quick trips and purchasing fewer items, explained Amazon Vice President Dilip Kumar in this Q&A with Fortune. Since grocery shopping typically involves longer shopping lists, coupons and a desire to see real-time totals, "we felt like the Dash Cart is a much better platform for experimentation and continued invention in large-format grocery stores rather than Just Walk Out," Kumar said.
Maison Margiela will sell 1,500 nonfungible tokens of its split-toe boot with a customised leather wallet on digital fashion platform The Fabricant for $616 per set. Separately, the brand will sell 15 NFTs for $8,400 each, which will include handmade Tabi boots.
United Arab Emirates' Max Fashion will court younger style fans with the rollout of a new brand called Max Urban, which will include a collection and campaign called Love Labels that will promote inclusive sizing and body positivity. The Love Labels line will be in stock in 50 stores across India, and Max Urban will be available online and in stores.
For Earth Day, NRF took a closer look at the latest data from GfK Consumer Life's Green Gauge sustainability research to learn about consumer views toward sustainability and what they expect from retailers. According to the report, 80% of Americans now agree that a waste-free lifestyle is an appealing possibility in the next 20 years. Read more about the latest data from GfK Consumer Life.
