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Walmart to spend an additional $350 billion on US-made products over next 10 years

Walmart to spend an additional $350 billion on US-made products over next 10 years

The American retail giant has announced that it plans to support national manufacturers with $350 billion in added business over the next decade, with focus areas including textiles and small electrical appliances.
Fashion
UK ONS says identifies error in retail prices index

UK ONS says identifies error in retail prices index

Britain's statistics office said on Thursday it had identified an error in the retail prices index, which is used to calculate government bond payments.
Others
EU sets itself jobs, training and equality targets for 2030

EU sets itself jobs, training and equality targets for 2030

The European Commission has announced goals for the 27-nation bloc to reduce poverty, inequality and boost training and jobs by 2030 as part of a post-pandemic economic overhaul financed by jointly borrowed funds.
Others
ByteDance developing Clubhouse-like app for China amid copycat rush - sources

ByteDance developing Clubhouse-like app for China amid copycat rush - sources

TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country.
Others
Macy's appoints new chief information officer, streamlines leadership structure

Macy's appoints new chief information officer, streamlines leadership structure

The New York-based department store retailer announced on Monday that it has named Laura Miller as its new chief information officer and made a series of other senior leadership changes as part of its Polaris strategy.
Fashion
Pioneering LA retailer Fred Segal dies at 87

Pioneering LA retailer Fred Segal dies at 87

The designer and founder of the iconic Los Angeles-based fashion store chain passed away at the age of 87 on Thursday, February 25, due to complications related to a stroke.
Fashion
Margaret Zhang named editor-in-chief of Vogue China

Margaret Zhang named editor-in-chief of Vogue China

The 27-year-old Chinese-Australian fashion influencer has been appointed as editor-in-chief of Vogue China, becoming the youngest person to hold the position at any of the magazine’s international editions.
Fashion
U.S. retail sales expected to rise to more than $4.33 trillion in 2021: NRF

U.S. retail sales expected to rise to more than $4.33 trillion in 2021: NRF

U.S. retail sales are expected to rise between 6.5% and 8.2% to more than $4.33 trillion in 2021 as more people get vaccinated and the economy reopens, the National Retail Federation (NRF) said on Wednesday.
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Fashion e-commerce sites straggle behind in search visibility

Fashion e-commerce sites straggle behind in search visibility

With Covid-19 disrupting traditional brick-and-mortar retail, e-commerce saw a boom in 2020. But according to a new report from Searchmetrics, fashion retailers lagged behind in terms of online search visibility.
Fashion
Vogue names Juan Costa Paz as global creative director

Vogue names Juan Costa Paz as global creative director

Costa Paz will oversee the creative direction for the brand in the U.S. and the U.K. and help guide Vogue’s approach to content in all formats through all of the company’s owned and operated editions worldwide.
Luxury
CFDA launches diversity-focused Impact initiative

CFDA launches diversity-focused Impact initiative

Inspired by the Black Lives Matter movement, the American fashion organization has announced the launch of Impact, a multi-layered initiative that aims to create opportunities in fashion for underrepresented communities.
Fashion
Walmart appoints Denise Incandela as EVP of apparel

Walmart appoints Denise Incandela as EVP of apparel

The American retail giant has named the current SVP for its women's group, elevated brands, and e-tailers/DTCs as the new head of its apparel business.
Fashion
Target appoints Christina Hennington chief growth officer, reshuffles leadership

Target appoints Christina Hennington chief growth officer, reshuffles leadership

The American retail giant has announced a series of changes to its executive leadership team, including the appointment of Christina Hennington to the newly created role of VP and chief growth officer.
Fashion
TikTok's U.S. ad business roars back as Trump's threats recede

TikTok's U.S. ad business roars back as Trump's threats recede

Accused by the Trump administration of being a front for the Chinese government, TikTok's ad business looked bleak last July.
Others
UK's competition watchdog investigates eBay Gumtree deal

UK's competition watchdog investigates eBay Gumtree deal

​eBay’s plan to sell Gumtree to Norway-based international classifieds website Adevinta ASA has hit a stumbling block with the online retail giant saying the UK’s CMA has concerns that the deal could cut competition.
Fashion
QVC and HSN shine spotlight on women and minority-owned brands with latest round of Big Find initiative

QVC and HSN shine spotlight on women and minority-owned brands with latest round of Big Find initiative

The second year of the shopping networks’ The Big Find international product search will see the launch of 90 emerging brands on the channels, more than two thirds of which are women or minority-owned businesses.
Fashion