The Wealthy are Less Willing to Spend on Sustainable Products
Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.
After worker strikes closed a fourth of 400 stores, the American retail corporation has announced it will resume talks with the union.
About 17,000 Walmart workers in Chile went on an indefinite strike on Wednesday after labour talks between the company and the union failed.
The fall undercuts hopes that consumer demand would strengthen on the back of a better jobs market.
As part of the plan, the retail and supermarket chain will also remodel over 50 stores, add more than 5,000 jobs, and further develop a large distribution centre near the capital city of Santiago.
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In the next instalment of Market GPS, BoF examines Chile, a sliver of a country just a couple of hundred miles wide that's dwarfed by its Latin American neighbours, but rich with opportunity, thanks to a stable democracy, steady economic growth and a sophisticated retail infrastructure.
In the next instalment of Market GPS, BoF examines Chile, a sliver of a country just a couple of hundred miles wide that's dwarfed by its Latin American neighbours, but rich with opportunity, thanks to a stable democracy, steady economic growth and a sophisticated retail infrastructure.
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Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting plan.
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.