Suriname to continue debt talks with China in early November - Foreign Minister
By Jorgelina do Rosario, Rodrigo Campos and Ank Kuipers MARRAKECH, Morocco (Reuters) -Suriname received a counter to its proposal to
2023-10-14 22:54
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
Momentum Ventures Envisions a Sustainable Future of Aviation with Electric Airplanes
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2023-08-11 19:17
Dow futures rise on Salesforce boost; inflation data in focus
Futures tracking the Dow Jones rose on Thursday as shares of Salesforce jumped after the company raised its
2023-08-31 18:51
Singapore June Inflation Eases to 4.2% on Cheaper Imports
Singapore’s core inflation rate cooled in June to the lowest level in little over a year as import
2023-07-24 13:52
Streaming giants battle for anime supremacy
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IMF Blasts Pakistan Budget, Signaling Bailout May Not Happen
The International Monetary Fund criticized the Pakistan government’s budget as insufficient to meet the goals of its bailout
2023-06-15 10:22
McCarthy and Schumer optimistic about the state of debt talks
Two days after his second recent meeting in the Oval Office to discuss raising the debt ceiling, House Speaker Kevin McCarthy sounded positive about the direction of debt limit talks, telling CNN he sees how they can get to a deal and that he wants a bill on the floor next week.
2023-05-19 03:24
Xi’s Metal Curbs Risk Backfiring as G-7 Seeks China Alternative
China’s decision to control the export of two key metals showed it has some power to retaliate against
2023-07-04 16:49
Minwax® Announces Bay Blue as Its 2024 Color of the Year, a Rich and Modern Hue That Exudes Classic Elegance
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2023-08-24 21:51
Will climate change hit Mediterranean tourism?
Destructive fires, temperatures topping 40 degrees Celsius (104 degrees Fahrenheit) and tourists dodging possible catastrophe by staying home. Will climate change end up transforming tourism...
2023-07-26 17:49
L&G’s Wilson Says UK Must Speed Up Reforms to Lure Investors
The UK needs to accelerate reforms to help attract more investments, according to Legal & General Group Plc
2023-08-15 17:28
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