Author: Sam Allcock

Tian Su of Zalando offers crucial insights on AI-enhanced customer engagement at the Drapers Future of Fashion Conference.AI technologies are pivotal in improving online shopping experiences through advanced personalisation and recommendations.Zalando Assistant, powered by ChatGPT, showcases how leveraging third-party tech can reduce costs and accelerate innovation.The strategic use of artificial intelligence can streamline operations and enhance customer satisfaction affordably.Access further insights by exploring the full discussion in the Drapers Talks podcast.At the Drapers Future of Fashion Conference, Tian Su, Vice President of Personalisation and Recommendation at Zalando, delivered an insightful discourse on the transformative role of artificial intelligence in enhancing…

Asos shareholders recently approved a significant new executive pay scheme, the Value Creation Plan (VCP).Over 90% voted in favour of the VCP, underlining shareholder support for substantial growth incentives.The VCP ties executive rewards to share price performance, requiring a price threshold of £6.70.Shareholders also backed amendments to the Long Term Incentive Scheme 2022, with a 99.18% approval rate.Asos’s share price saw a decline post-announcement, from £3.61 to £3.40.Asos has secured shareholder backing for its innovative executive remuneration scheme, the Value Creation Plan (VCP), which aims to align leadership incentives with significant growth achievements. In a decisive move, over 91% of…

Sosandar continues its expansion with the opening of a third store in Newcastle’s Metrocentre, expected to debut in October.The new store will be located in Metrocentre’s Platinum Mall, joining well-known brands and enhancing the shopping experience.Sosandar plans 50 stores within five years, reflecting its aggressive growth strategy and retail market confidence.Co-CEOs Ali Hall and Julie Lavington emphasise the importance of strategic location selection for new outlets.Sovereign Centros praises Sosandar’s arrival as a testament to Metrocentre’s retail strength in the North East.Sosandar, the womenswear brand, is set to open its third store in the Metrocentre shopping centre this autumn. This strategic…

Stay informed with the latest in the fashion industry through Drapers’ comprehensive newsletters.Drapers offers daily updates on essential industry news, commentary, and business insights.Tailored newsletters provide breaking news, sustainability updates, and editor’s picks.Access in-depth reports, interviews, and interactive content with Drapers Bespoke.Create an account to customise your newsletter preferences.Keep abreast of the evolving landscape of fashion retail with Drapers’ daily newsletter, designed to deliver crucial industry news, insightful commentary, and pivotal business lessons directly to your inbox. Whether you are involved in retail, brand management, design, or manufacturing, these updates prove invaluable in navigating industry dynamics.Drapers’ targeted newsletters cater to…

The latest data reveals a slight growth in the UK economy for Q2 2024.According to the ONS, GDP rose by 0.6% from April to June.This growth follows a 0.7% increase in the first quarter of the year.While the overall services sector experienced growth, consumer services saw a decline.Key drivers included advancements in professional, scientific, and technical services.The United Kingdom’s economy displayed moderate growth in the second quarter of 2024, with the Gross Domestic Product (GDP) increasing by 0.6% from April to June. This marks a continuation from the previous quarter’s 0.7% rise, reflecting a steady upward trajectory, as reported by…

British menswear brand Charles Tyrwhitt has expanded its retail presence by opening a new store in Cheltenham.The store is situated at a prime location, 102-104 Promenade, in Cheltenham’s town centre.Occupying 2,787 sq ft, the store includes modern omnichannel features like shoppable touch screens.Charles Tyrwhitt aims to enhance the local high street with its customer-focused offerings.The Cheltenham store is part of a larger strategy to open additional locations worldwide.British menswear retailer Charles Tyrwhitt has made a significant expansion in its retail operations by inaugurating a new outlet today at the former Superdry concept store in Cheltenham. This marks the brand’s eighth…

Boohoo Group’s digital director shares insights on leveraging AI-powered tools in retail.A recent podcast highlights how AI tools can help retailers stay competitive amid emerging trends.Jonny Longden discusses significant fashion trends that influenced UK retail sales.The ‘mob wife’ trend showcases the impact of social media on consumer behaviour.AI tools are pivotal in identifying and capitalising on retail trends.In the latest Drapers Talks podcast, Boohoo Group’s digital director, Jonny Longden, delineates how emerging AI tools can be leveraged by retailers to maintain competitiveness in an ever-evolving industry. The podcast serves as a vital resource for understanding the integration of technology with…

Regatta has appointed Tom Goodman as the new chief digital and technology officer.Goodman will lead key initiatives in digital, customer experience, tech, and AI.He aims to enhance Regatta’s omnichannel experience through a new membership scheme.Goodman brings extensive experience from previous roles at Deloitte, Selfridges, and JD Sports.The Regatta board welcomes Goodman, expecting significant growth under his leadership.Regatta has announced the promotion of Tom Goodman to the position of chief digital and technology officer. This role will see Goodman spearheading advancements in digital operations, focusing heavily on customer experience, technology, and artificial intelligence initiatives within the Regatta Group.In pursuit of these…

Marks & Spencer (M&S) has set a precedent as the first top UK retailer to offer stoma knickers.The product addresses needs identified by M&S staff and charity Colostomy UK.Initiated by M&S onboarding manager Jiggy Sohi from personal insights and shared experiences.Stoma knickers, available online and in select stores, aim for inclusion and comfort.M&S continues efforts towards accessible fashion, collaborating closely with affected individuals.Marks & Spencer has taken a pioneering step by becoming the first significant UK high street retailer to introduce stoma knickers. This product, which caters to the specific needs of individuals living with stomas, is a testament to…

The Samsung Galaxy Z Flip 6 is a clamshell-style foldable smartphone released in 2024. It brings some improvements over its predecessor but, most importantly, introduces new capabilities through AI-powered software. These enhancements make the unique form factor of the foldable device more convenient for everyday use. AI Features and Functionality The Galaxy Z Flip 6 incorporates a wide range of AI features. Basic functionalities include suggested replies on the cover display, which analyses the context of previous messages to offer responses. More advanced capabilities include translating PDF documents and creating summaries, composing emails and social media captions using simple text…