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Fashion’s perceived value is not necessarily linked to its price, according to new research commissioned by global fashion retailer SHEIN and conducted by The Harris Poll. The study, which surveyed over 1,000 UK adults aged 18 and above, found that a significant 90% of respondents do not associate low-cost fashion items with poor quality. This sentiment highlights the growing recognition that affordability and value can coexist in the fashion industry. The research underscores the importance of cost-effectiveness in fashion. Nearly half (48%) of UK consumers rank having a diverse range of styles and options as crucial when selecting a fashion…
Bank Indonesia continues its commitment to fostering inclusive and sustainable economic growth with a focus on the Islamic Economic and Financial Development Programs (EKSYAR). This initiative is part of Indonesia’s broader ambition to become the global epicentre for modest fashion and a leading halal production hub, as outlined in the Indonesia Halal Industry Masterplan (MPIHI). According to Bank Indonesia, the export value of modest fashion commodities from January to July 2024 has reached USD 632.76 million, marking a 3.38% annual increase. In a bid to support this growth, the central bank is collaborating with several key players, including the Indonesian…
As the peak shopping season approaches, growing online retailers are being urged to enhance their delivery and customer service processes to capitalise on the surge in consumer spending. nShift, a global leader in delivery and experience management (DMXM), has highlighted the importance of meeting rising consumer expectations and offers key strategies for online retailers to optimise their performance during this critical period. The peak season, which includes major shopping events such as Black Friday, Cyber Monday, and the Christmas period, presents a significant opportunity for online retailers. With 47% of consumers preferring to shop from smaller businesses, there is a…
The GSMA has launched the first industry-wide Responsible AI (RAI) Maturity Roadmap to guide telecommunications companies in their ethical and responsible use of artificial intelligence. The roadmap aims to provide mobile network operators (MNOs) with the necessary tools and frameworks to test, assess, and improve their AI practices. The telecoms industry is increasingly relying on AI technology, with global consultancy McKinsey estimating that the expanded use of AI in the sector could generate up to $680 billion in value over the next 15 to 20 years. The GSMA’s roadmap is intended to ensure that as this technology is adopted, it is…
Universal Music Group (UMG), the global leader in music entertainment, has outlined its financial and strategic goals for the next five years at its 2024 Capital Markets Day, held today in London. During the event, senior executives provided a business outlook and presented financial targets, setting the stage for the company’s growth through 2028. UMG, listed on the Euronext stock exchange (EURONEXT: UMG), expects to continue its upward trajectory in revenue and profit, driven largely by the rise in subscription services, enhanced monetisation of superfans, and an expanding network of strategic partners. These growth drivers are forecast to significantly boost…
IonQ, a leading company in quantum computing, will be joining some of the biggest names in business, entertainment, and technology at this year’s Fast Company Innovation Festival. The event, which runs from 16 to 19 September in New York City, will host thousands of innovators and thought leaders from across the globe for discussions on the future of technology, media, and more. Among the many sessions featured at the festival, IonQ’s presentation on quantum computing has been highlighted as a key event. Fast Company identified the panel, titled “Preparing for a Quantum Leap,” as one of the most anticipated sessions…
London’s fashion elite gathered for a star-studded evening at Mayfair’s Dovetale restaurant to celebrate the launch of PERFECT Magazine’s latest issue and the UK debut of GREY GOOSE® Altius vodka. The event, held during London Fashion Week, was hosted by renowned fashion editor Katie Grand, who is known for her glamorous parties. The launch of Issue 7 of PERFECT Magazine, featuring a 40-page portfolio of global superstar Rihanna, was a key highlight of the evening. Among the notable attendees were actors Ed Westwick and Amy Jackson, actor and musician Damien Lewis, and fashion models Tiger Lily Taylor and Cora Corré.…
COSRX, the popular and affordable skincare brand, has seen several of its products recognised with the prestigious ‘Amazon’s Choice’ badge, underscoring its growing reputation among consumers. The accolade is awarded to products that receive high ratings, are competitively priced, and readily available for immediate shipping, making it a coveted endorsement for any brand. COSRX’s achievement reflects not only the brand’s increasing popularity but also the quality and effectiveness of its skincare solutions. The company has consistently delivered affordable yet effective products that resonate with a broad customer base. “Receiving the ‘Amazon’s Choice’ badge for multiple products is a testament to…
A new advancement in hair restoration is offering fresh hope to those dealing with hair loss. Dr U Hair and Skin Clinic has announced a pioneering study, published in Dermatologic Surgery, which introduces a device that enables the transplantation of body and beard hair to balding areas of the scalp. The study highlights the UGraft Zeus®, a skin-responsive device designed to enhance the success of body hair transplantation (BHT). The study, which took place across several countries, including the US, Colombia, Mexico, and India, evaluated the use of the UGraft Zeus® in a series of hair transplant procedures. The device…
Visa’s latest research reveals that 45% of Gen Z, individuals born between 1996 and 2010, are now managing side hustles, with over a third (37%) juggling multiple ventures. The findings, part of Visa’s National Smile Month campaign, highlight significant growth in the side hustle economy among young adults. The survey, conducted by Visa, found that e-commerce (34%), social media influencing (25%), and passion-based projects (19%) are the most common types of side hustles among Gen Z. Nearly 70% of these young entrepreneurs started their side gigs primarily to earn extra income, with the average monthly earnings reported at £218.60. Additionally,…