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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 “We continue to have constructive relationships with our suppliers, and our year-to-date Q3 results show Very revenue growth of 2.2% – ahead of the online non-food retail market – and a robust liquidity position.”

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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.

Shipping 130