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As more jewellery brands embrace lab-grown diamonds, some fear oversupply

Inside Retail

The downfall derived from months of lowered consumer demand, lowered average selling prices, and increased expenses. It wasn’t until the late 1980s that gem-quality, lab-grown diamonds became available on a commercial level to consumers. De Beers’ half-year 2023 report showed that the total rough diamond sales volume of 15.3

Jewelry 246
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Mastercard to eliminate first-use PVC plastics from payment cards

Inside Retail

The move aims to reinforce the company’s sustainability commitments and provide eco-friendlier cards for consumers looking to reduce their environmental impact. Since launching the Sustainable Card Program in 2018, around 330 issuers across 80 countries have voluntarily signed up, including 90 issuers in 15 markets in the Asia-Pacific region.

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Starbucks to sell Seattle’s Best business to Nestle

Inside Retail

In 2018, Starbucks made a deal with Nestle to form the “Global Coffee Alliance,” in which Nestle would package and sell Starbucks’ various brands for retail consumption, including Seattle’s Best. The companies did not disclose the terms and price of the transaction, which will be subject to regulatory and board approval.

Strategy 130
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Everything you need to know about retail’s facial recognition fiasco

Inside Retail

The move followed a complaint by the consumer advocacy group Choice , which called the technology invasive and unwarranted. While the outcome of the investigation is still uncertain – Bunnings and Kmart maintain that they acted lawfully – the consumer backlash has already begun on social media. Is this a new problem?

Consumer 147
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L’Oréal invests in innovation, Gjosa & sustainability amid record results

Inside Retail

Three years later in 2018, this resulted in the development of the Water Saver shower head that reduced water usage in the rinsing process by over 50 per cent. The luxe division includes brands YSL Beauty, Giorgio Armani Beauty and Prada Beauty. per cent and +16.4 per cent on a reported basis.

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Buy now pay later: What’s retailers’ responsibility?

Inside Retail

Accordingly, brands spend significant time and money positioning themselves to create positive associations with consumers, whether that’s through communicating their purpose or engaging in worthy environmental or social partnerships. million in the 2017-18 financial year to $32 million in 2018-19 representing an increase of 90 per cent.

Consumer 246
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Here’s why everyone is talking about garment workers in Bangladesh

Inside Retail

Eighty-three percent of the hazards had been remediated by February 2018. Before it expired on May 31, 2018, nearly 200 brands and retailers signed onto the 2018 Transition Accord , which extended the agreement for another three years. In the end, it could come down, once again, to consumer pressure, according to Kingston.

Fashion 246