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Modi’s ‘One Family’ Sanskrit Slogan in G-20 Spotlight
Modi’s ‘One Family’ Sanskrit Slogan in G-20 Spotlight
Indian Prime Minister Narendra Modi chose as his theme for the Group of 20 presidency a term from
2023-09-09 17:45
H&M starts charging shoppers £1.99 for online returns
H&M starts charging shoppers £1.99 for online returns
High street fashion retailer H&M has joined other companies in charging shoppers who return items purchased online. Customers must now pay £1.99 to return parcels either in store or online, with the cost of the return being deducted from their refund. Rival high street stores including Zara, Boohoo, Uniqlo and Next already charge for online returns, with retail experts predicting that even more are likely to follow suit. During the pandemic, when online shopping inevitably soared in popularity, customers became increasingly more reliant on returning items when they did not fit. However, this also led to a rise in people buying items in bulk and returning almost all those items, some of them worn. While most online and high street retailers do not formally announce the move to charge for returns, many have introduced the change under the radar, with H&M implementing the return fee this summer. Business analysts have told the BBC that other retailers are likely to do the same. "It’s interesting that companies seem to be doing it by stealth, but it’s a sensible thing to be doing," retail expert Jonathan De Mello told the outlet. "It makes economic sense, as it discourages shoppers from bulk buying online products and then returning the majority of them. That’s been a real problem for companies." While H&M shoppers might be disappointed in the extra returns fee, added De Mello, most might understand why a company would need to make this decision, especially when it comes to the environment. Many shoppers are increasingly aware of the environmental impact of deliveries and returns, from courier vans to wasted packaging. Retail expert and analyst Natalie Berg wrote on Twitter/X that retailers have “created a monster” with free returns. “​​H&M charging for returns. Retailers have created a monster with free returns. It makes financial and environmental sense to put an end to this ‘buy to try’ mentality.” But Berg pointed out that customers who have signed up to H&M membership would be exempt from the extra fee for returning items. “This is actually a really delicate way to tier your customers,” Berg said of the membership scheme. “Slowly climb down from costly promises by limiting those benefits to loyalty members. Retailers have become too generous over the past decade. Save that generosity for your most valuable customers.” Read More Inside London’s first Vogue World: Thong leotards and Anna Wintour’s VIP assembly line Voguewashing London Fashion Week won’t pay the wages of Britain’s young fashion designers Bridesmaid who “didn’t love” her dress spends 35 years wearing it around the world Meghan Markle praised for mixing high-fashion with affordable pieces Vogue World wowed but won’t pay the wages of young fashion designers Ukrainian designers prove beauty can come from darkness at London Fashion Week
2023-09-19 22:46
BOJ to Tweak Yield Control This Month, Ex-Official Hayakawa Says
BOJ to Tweak Yield Control This Month, Ex-Official Hayakawa Says
The Bank of Japan will probably adjust its yield curve control program at its policy meeting this month
2023-07-14 09:54
US Oil Production Nears Record as Texas Shale Output Soars
US Oil Production Nears Record as Texas Shale Output Soars
US crude production reached the second-highest level on record in July as output from Texas’s Permian Basin soared
2023-09-30 02:18
A key Russia-friendly bloc may decide to expand. Who stands to benefit?
A key Russia-friendly bloc may decide to expand. Who stands to benefit?
Members of the BRICS economic group of major emerging economies are meeting this week in South Africa for a summit that could determine the future of the bloc -- and how hard it pushes back against a world order it sees as unfairly dominated by the West.
2023-08-22 09:45
Insider Q&A: Atlanta Fed President Raphael Bostic foresees interest rates staying higher for longer
Insider Q&A: Atlanta Fed President Raphael Bostic foresees interest rates staying higher for longer
The Federal Reserve has reached a delicate stage in its fight against inflation
2023-09-04 21:53
Environmental groups urge funding halt for TotalEnergies' Mozambique project
Environmental groups urge funding halt for TotalEnergies' Mozambique project
By Wendell Roelf CAPE TOWN Banks and other financiers should withdraw their support of TotalEnergies' $20 billion liquefied
2023-11-17 13:19
Malaysia’s Anwar Weighs Suing Goldman Sachs Over 1MDB, CNBC Reports
Malaysia’s Anwar Weighs Suing Goldman Sachs Over 1MDB, CNBC Reports
Prime Minister Anwar Ibrahim said he may consider a lawsuit against Goldman Sachs Group Inc. over its role
2023-08-21 14:50
Donald Trump Blasts Ron DeSantis on Important Issue to Iowa Voters: Ethanol
Donald Trump Blasts Ron DeSantis on Important Issue to Iowa Voters: Ethanol
Former President Donald Trump went after his main rival for the Republican presidential nomination Friday on an issue
2023-07-08 06:52
Wall Street futures slip ahead of jobs data
Wall Street futures slip ahead of jobs data
U.S. stock index futures slipped on Friday, as investors remained on edge ahead of a jobs report after
2023-07-07 18:19
Trump, DeSantis to Crisscross Iowa in Early GOP Nomination Test
Trump, DeSantis to Crisscross Iowa in Early GOP Nomination Test
Donald Trump and Ron DeSantis’s increasingly bitter rivalry will play out in Iowa on Saturday, setting up one
2023-05-13 21:17
UAW ratifies labor deal with General Motors
UAW ratifies labor deal with General Motors
By David Shepardson and Ben Klayman DETROIT (Reuters) -General Motors' tentative labor deal with the United Auto Workers (UAW) union
2023-11-17 00:26