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Who could replace Sharon White as the next John Lewis Partnership chair?

Retail Gazette

Potts joined the supermarket in 2015 after almost four decades at Tesco, where he started on the shop floor aged 16 and rose through the ranks to run its Asian operations. Mark Price With John Lewis in peril, could we see Lord Mark Price return to the Partnership? Sound familiar?

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Startups spring from ashes of Big Tech purge

Inside Retail

While overall venture capital (VC) financing fell 33% globally to about $483 billion in 2022, early-stage funding was robust, with $37.4 In 2015, Christopher Fong, who spent almost a decade working for the tech titan in California, launched Xoogler, a project designed to help former employees hoping to start their own companies.

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Makers Unite and Patagonia open ‘United Repair Centre’ as antidote to disposable clothes

A1 Retail

Thami Schweichler, Managing Director and Co-founder of Makers Unite: “The apparel industry is at the beginning of a new era, where repairs and other new services will make more impact. Willem Swager, Director of Finance & Operations EMEA at Patagonia says, “Structural change is needed in the textile industry.

Apparel 52
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Consumer spending grew 3.5 per cent in October, yet festive season set to be impacted as Brits plan to reduce Christmas purchases

A1 Retail

per cent rise in consumer price inflation – as the cost-of-living crunch continues to put pressure on Brits’ personal finances. Consumers are adopting a restrained approach to festivities, reaching for pre-loved gifts and setting spending limits to manage their costs during this traditionally expensive time of year.”.

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Analysis: Why does Shein continue to escape scrutiny?

Inside Retail

In 2015, the Nanjing-based company shortened its brand name to Shein and adopted the slogan “She in, shine out”. It is therefore not surprising to see that the site is reported to have an industry-leading customer return rate of over 30 per cent. Thanks to its fashionable designs and low prices, the site quickly gained traction.

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Walmart closes $2 billion Green Bond issuance

Mass Relators

The green bond is Walmart’s first offering under the company’s Green Financing Framework, published August 2021, which details the company’s alignment with the 2021 Green Bond Principles, administered by the International Capital Markets Association (ICMA). Walmart was the first U.S.

Finance 52
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The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive

Indigo 9 Digital

Hedge fund manager Edward Lampert, who is also Sears’ former Chairman and CEO and largest shareholder, purchased the company in bankruptcy proceedings for only $5.2 At some point Sears became so unwieldy that it was difficult to manage the business effectively. Sure Sears doesn’t have the best assortment. So is Walmart.