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Farfetch now accepts crypto payments in 37 countries

Farfetch now accepts crypto payments in 37 countries

​Farfetch said on Thursday that it now accepts payment in cryptocurrency for its marketplace customers in 37 countries. It follows news in June that it would begin to accept such payments in several markets by year-end.
Luxury
Battersea Power Station takes wraps off as mall prepares to open

Battersea Power Station takes wraps off as mall prepares to open

​The developers behind the transformed Battersea Power Station ramped up their publicity campaign this week as they prepare for the location’s grand reopening as a giant shopping mall on 14 October.
Fashion
Online meets in-store as 70% of consumers prefer omnichannel shopping - report

Online meets in-store as 70% of consumers prefer omnichannel shopping - report

Choosing between physical and online retail isn't an issue for global consumers with most choosing omnichannel and actively combining the physical with the virtual, using phones in-store for research and for e-shopping.
Fashion
Hyve fast-tracking to post-Covid recovery, sells Turkish events arm

Hyve fast-tracking to post-Covid recovery, sells Turkish events arm

Within days of issuing a positive trading update to shareholders, Hyve Group was back with further details of its progression, with trading for the year ended 30 September showing a “full revenue recovery”.
Fashion
Footfall tracker Springboard acquired by MRI Software

Footfall tracker Springboard acquired by MRI Software

UK retail footfall specialist Springboard has a new owner. US-based real estate software specialist MRI Software has bought the business for an undisclosed sum.
Fashion
Bazaarvoice launches new Influenster app for UGC and authentic reviews

Bazaarvoice launches new Influenster app for UGC and authentic reviews

​Bazaarvoice’s Influenster has launched a new mobile app to match shoppers with brands “seeking honest feedback on their products through authentic reviews, photos, and videos”.
Fashion
Shopper spend on non-essentials to drop 20%+ this Christmas - report

Shopper spend on non-essentials to drop 20%+ this Christmas - report

It’s going to be a tougher-than-expected Christmas trading period, if one report is to be believed. UK shoppers are likely to spend 22% less on non-essentials in the festive run-up and other markets will see drops too. 
Fashion
Lee to replace Blundell as Grosvenor’s CFO

Lee to replace Blundell as Grosvenor’s CFO

Roger Blundell is to step down as chief finance officer at Grosvenor before the end of the year with Debbie Lee promoted to take over as CFO from January 2023. However, he will move into non-executive and advisory roles.
Fashion
John Lewis takes deeper dive into sustainability

John Lewis takes deeper dive into sustainability

The John Lewis Partnership is setting itself some lofty targets on the sustainability front, saying that “we’re going back to our roots and focusing our efforts on protecting and restoring nature”.
Fashion
Scotch & Soda opens flagships in London, Copenhagen

Scotch & Soda opens flagships in London, Copenhagen

​Scotch & Soda has continued its major store opening programme and in recent weeks has opened two new spaces in London and one in Copenhagen.
Fashion
Frasers on track to own more than half of MySale, but still short of 75%+ target

Frasers on track to own more than half of MySale, but still short of 75%+ target

Frasers is doubling down on its efforts to get MySale shareholders to accept its buyout offer as it also says it’s on the verge of owning more than half of the firm’s shares, even though it’s still well below its target.
Fashion
Reports suggest UK shopping tourism booms as pound value drops

Reports suggest UK shopping tourism booms as pound value drops

​Anecdotal evidence suggests that while the plunging value of the pound may be bad news, it has an upside. American tourists are taking advantage of the situation to book shopping trips to the UK.
Fashion
BFC's delayed London Fashion Week mega celebration to start on 6 October

BFC's delayed London Fashion Week mega celebration to start on 6 October

​With LFW’s celebratory angle having been on hold due to the death of the Queen in September, the British Fashion Council has now unveiled a “city-wide celebration” that’s set to kick off on 6 October.
Fashion
Fashion tech app start-up Seamm gets $1.7m in funding

Fashion tech app start-up Seamm gets $1.7m in funding

Seamm, a start-up digitising fashion goods for virtual worlds, has raised $1.7 million in funding “to scale go-to-market activities, attract and hire top talent, and accelerate the development of its platform”.
Fashion
GPE upbeat on key London commercial property leasing

GPE upbeat on key London commercial property leasing

Major London commercial property landlord GPE reported strong leasing activity during in its first half as demand for key capital spaces continues to attract retailers.
Fashion
Shaftesbury launches recycling test on Carnaby Street, fashion labels sign up

Shaftesbury launches recycling test on Carnaby Street, fashion labels sign up

Are You Mad. No, that’s not a question but the name of Shaftesbury’s latest consumer-facing effort to promote sustainability. The London property giant has opened its first visible recycling unit on Carnaby Street.
Fashion