BERLIN (Reuters) – Online retailer Home24, a Germany-based start-up which hopes to challenge Ikea’s dominance of the European furniture market, is preparing to expand, betting sofas, beds and lamps will be the next big chunk of the industry to move onto the internet.
Currently only about 3-4 percent of furniture sales are made online, with shoppers often wary of making expensive purchases without seeing them in person and retailers put off by the cost of delivering bulky goods, as well as handling returns.
BERLIN (Reuters) – A group of retailers and clothing brands failed on Thursday to establish compensation funds for the victims of two Bangladesh factory disasters, as many companies that sourced clothes from the buildings decided not to take part in the process.
At talks chaired by the International Labour Organisation in Geneva, the brands discussed setting up funds to compensate the victims of both the Rana Plaza disaster in April, when an eight-storey building collapsed, killing 1,129 people, and a fire at the Tazreen factory in November 2012, which killed 112 workers.
BERLIN (Reuters) – A dozen retailers and clothing brands are meeting in Switzerland to discuss providing compensation for fatal disasters at two factories of suppliers in Bangladesh, although several companies were noticeable by their absence.
The talks, chaired by the International Labour Organisation in Geneva, are aimed at setting up funds to compensate the victims of both the Rana Plaza disaster in April, when an eight-storey building collapsed, killing 1,129 people, and the fire at the Tazreen factory in November 2012 that killed 112 workers.
LONDON/NEW YORK (Reuters) – Consumers are sticking to frugal shopping habits developed in the recession even as developed economies show signs of recovery, suggesting some behavior changes could be permanent, industry executives say.
With household budgets under pressure since the financial crisis of 2008, consumers have flocked to discount stores, shifted from branded goods to private-label alternatives and shopped more often at convenience stores or online rather than spending on expensive fuel to drive to out-of-town hypermarkets.