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Very Group suppliers have credit insurance pulled

Retail Gazette

It comes as the retailer’s operating profit plunged 17% to £123.8m It has done the same with several retailers due to its view of the market. Click here to sign up to Retail Gazette‘s free daily email newsletter in the 39 weeks to 1 April 2023, down from £150.2m. Group sales remained flat at £1.6bn due to 2.5%

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Tapping into Temu: Why American Gen Zs love the Chinese app

Inside Retail

Like Shein, Temu offers discounted fashion and lifestyle goods, but unlike Shein it sources and ships directly from manufacturers in China. That means it can promote thousands of Chinese small businesses and micro-brands yet need not store any inventory. trillion this year, capturing a significant share of the global market.

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