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The European Union is considering new regulations under the Digital Services Act that would hold online retailers like Shein accountable for selling counterfeit goods. Shein, a popular fast fashion brand, has faced criticism for its lack of transparency and potential involvement in the sale of counterfeit items. The proposed regulations aim to protect intellectual property and ensure fair competition in the online marketplace.

Source: https://www.theverge.com/2024/4/26/24141330/shein-fast-fashion-eu-digital-services-act-counterfeit-intellectual-property

In a move to streamline operations and focus on profitability, discount retailers Family Dollar and 99 Cents Only have announced plans to close hundreds of stores across the United States. The decision comes as both companies face increased competition from online retailers and larger discount chains. While the closures will result in job losses, the companies hope that the move will ultimately lead to a stronger and more sustainable business model. Customers can expect to see changes in store locations and product offerings as the companies work to adapt to the evolving retail landscape.

Read more at: https://www.cnn.com/2024/04/11/business/family-dollar-99-cents-only-closing/index.html

Retailers are shifting back to a “just-in-time” inventory strategy, where they only order products as needed instead of stockpiling excess inventory. This approach was popular in the 1990s but fell out of favor due to the rise of e-commerce and consumer demand for faster delivery times. However, with the current economic uncertainty and supply chain disruptions caused by the pandemic, retailers are finding that this strategy can help them manage costs and reduce excess inventory.

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