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China’s Ailing Property Market Faces Key Test Over Golden Week
China’s Ailing Property Market Faces Key Test Over Golden Week
Chinese developers are counting on the upcoming Golden Week holiday period to spark a long-awaited revival in home
2023-09-26 06:51
Mastercard denies report it plans to raise credit card fees
Mastercard denies report it plans to raise credit card fees
Mastercard on Tuesday denied a media report that this fall the payments processing giant is planning to increase
2023-09-05 23:24
Deaths Soar on Everest After Record Number of Climbers Attempt Summit
Deaths Soar on Everest After Record Number of Climbers Attempt Summit
The latest climbing season on Mount Everest, the world’s highest peak, is set to become one of the
2023-05-25 16:57
All The Ulta 21 Days Of Beauty Sale Deals We’re Shopping In The Final Week
All The Ulta 21 Days Of Beauty Sale Deals We’re Shopping In The Final Week
Shoppers, clear your medicine cabinets. Ulta's beloved 21 Days of Beauty sale is coming to an end soon, meaning there's just six days left of half-off promos on the retailer’s best-selling, top-rated makeup, skin care, body care, fragrance, and more.
2023-09-12 03:22
Target forecasts gloomy second-quarter as consumers turn cautious
Target forecasts gloomy second-quarter as consumers turn cautious
(Reuters) -Target Corp on Wednesday forecast profit below Wall Street expectations and estimated a drop in sales for the second
2023-05-17 18:51
H&M starts charging shoppers £1.99 for online returns
H&M starts charging shoppers £1.99 for online returns
High street fashion retailer H&M has joined other companies in charging shoppers who return items purchased online. Customers must now pay £1.99 to return parcels either in store or online, with the cost of the return being deducted from their refund. Rival high street stores including Zara, Boohoo, Uniqlo and Next already charge for online returns, with retail experts predicting that even more are likely to follow suit. During the pandemic, when online shopping inevitably soared in popularity, customers became increasingly more reliant on returning items when they did not fit. However, this also led to a rise in people buying items in bulk and returning almost all those items, some of them worn. While most online and high street retailers do not formally announce the move to charge for returns, many have introduced the change under the radar, with H&M implementing the return fee this summer. Business analysts have told the BBC that other retailers are likely to do the same. "It’s interesting that companies seem to be doing it by stealth, but it’s a sensible thing to be doing," retail expert Jonathan De Mello told the outlet. "It makes economic sense, as it discourages shoppers from bulk buying online products and then returning the majority of them. That’s been a real problem for companies." While H&M shoppers might be disappointed in the extra returns fee, added De Mello, most might understand why a company would need to make this decision, especially when it comes to the environment. Many shoppers are increasingly aware of the environmental impact of deliveries and returns, from courier vans to wasted packaging. Retail expert and analyst Natalie Berg wrote on Twitter/X that retailers have “created a monster” with free returns. “​​H&M charging for returns. Retailers have created a monster with free returns. It makes financial and environmental sense to put an end to this ‘buy to try’ mentality.” But Berg pointed out that customers who have signed up to H&M membership would be exempt from the extra fee for returning items. “This is actually a really delicate way to tier your customers,” Berg said of the membership scheme. “Slowly climb down from costly promises by limiting those benefits to loyalty members. Retailers have become too generous over the past decade. Save that generosity for your most valuable customers.” Read More Inside London’s first Vogue World: Thong leotards and Anna Wintour’s VIP assembly line Voguewashing London Fashion Week won’t pay the wages of Britain’s young fashion designers Bridesmaid who “didn’t love” her dress spends 35 years wearing it around the world Meghan Markle praised for mixing high-fashion with affordable pieces Vogue World wowed but won’t pay the wages of young fashion designers Ukrainian designers prove beauty can come from darkness at London Fashion Week
2023-09-19 22:54
Germany hails EU deal on renewable energy raising target for 2030 to 45%
Germany hails EU deal on renewable energy raising target for 2030 to 45%
Germany welcomed a deal Friday among European Union countries to increase by more than a third the bloc’s renewable energy target for 2030
2023-06-17 05:17
Rivian must face lawsuit claiming it defrauded IPO investors over vehicle prices
Rivian must face lawsuit claiming it defrauded IPO investors over vehicle prices
By Jonathan Stempel A federal judge said Rivian Automotive must face a lawsuit claiming it defrauded shareholders during
2023-07-06 22:54
Wizz Air forecasts return to profit in current year
Wizz Air forecasts return to profit in current year
LONDON European low-cost airline Wizz Air posted an annual net loss of 535 million euros ($572.8 million), after
2023-06-08 14:15
Powell Faces Tricky Task of Explaining Rate Pause in Congress
Powell Faces Tricky Task of Explaining Rate Pause in Congress
Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing
2023-06-20 17:25
Pimco Loads Up on Aussie Bonds on ‘Inevitable’ Recession Call
Pimco Loads Up on Aussie Bonds on ‘Inevitable’ Recession Call
Australia is bound for a recession after rapid interest-rate increases, so its sovereign bonds offer a “fantastic opportunity”
2023-06-28 08:49
Pepper spray taints the air as climate protest dominates TotalEnergies AGM
Pepper spray taints the air as climate protest dominates TotalEnergies AGM
By Benjamin Mallet and America Hernandez PARIS French riot police used pepper spray against several hundred climate activists
2023-05-26 17:50