The rise in online shopping has caused retail companies to adjust their return policies and prices in order to prevent fraud. Appriss Retail and Deloitte worked with the US Census Bureau to survey this phenomenon and found that retailers have lost $103 billion in 2024 due to fraudulent returns and claims.
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PVH corporation has previously been known as the Philips-Van Heusen Corporation, is an apparel company that owns various brands like Tommy Hilfiger and Calvin Klein. Their headquarters are in New York City, but they have stores and manufacturing companies in China. Due to the recent economic tensions between America and China, leading to the placements of tariffs, PVH is now on the ‘unreliable entities list’ in China.
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President and CEO of Nike, Elliott Hill, has recently stepped in for John Donahoe after having been unassociated with the company for the past few years. Hill, who began working with Nike as an intern in 1988, reflects one of the best success stories of all time in terms of “climbing the ladder” to scale to the top of the global monster that Nike is.
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Fashion wholesale tradeshows, a crucial component of the industry, are finally back in person after months of virtual events. Informa Markets Fashion recently announced its semi-annual MAGIC tradeshow will be returning to Las Vegas this August. Over 1,000 exhibitors are expected to attend, showcasing their brand’s newest trends and styles for the upcoming seasons.
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Get ready to roll out the red carpet once again for A-listers and designers to express their creativity. After a year of virtual events and cancellations of annual traditions, the
Metropolitan Museum of Art has announced that there are two upcoming Met Gala events in the works.
Savage X Fenty has put Victoria’s Secret to shame. Fenty Beauty’s revolutionary debut of 40 foundation shades has forced brands to include different shades in their product lines to compete in the same market. Fenty Skin had every person run towards the new “Fat Water” toner. It seemed like everything Fenty did was the new blueprint for the fashion and makeup industry, thanks to Rihanna’s touch. Or so we thought.
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Donating time, money, or reposting graphics on social media are just a couple ways that someone can support an organization in need, but businesses in 2021 are taking donations to a whole new level.
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