Photo editing startup Photoroom plans to power its artificial intelligence (AI) training using 100% renewable energy as tech companies grapple with AI’s growing environmental impact. The Paris-based company, which claims to have amassed over 150 million downloads since its 2019 launch, is betting that eco-friendly...
As Gen Z shows an inclination for shopping from retailers’ own brands, major players are tailoring their private-label offerings to these young consumers’ desires and preferences. Walmart, for instance, recently relaunched its $2 billion No Boundaries fashion brand with an eye toward attracting new Gen...
Mastercard has named former ambassador Jon Huntsman, Jr. as its strategic growth president. “Jon’s unique experience spanning four decades in public and private sectors will be extremely valuable as we build the future of Mastercard,” company CEO Michael Miebach said in a news release Monday (March 11). “He will play...
Global shipping companies Maersk and Hapag-Lloyd have signed an agreement for a long-term operational collaboration. This collaboration, known as the “Gemini Cooperation,” will begin in February 2025 and aims to create a flexible and interconnected ocean network with industry-leading reliability, the companies said in a...
December 27, 2023
As H&M works to attract a new set of shoppers, while Shein and Zara pick up more market territory in the fast fashion landscape, Mango, the Spanish retailer, is fortifying its presence in the U.S. Mango has announced plans to unveil its inaugural stores in Washington, D.C. and Pennsylvania next year. The retailer has set its […]
October 12, 2023
The nail salon industry, for the most part, has remained relatively stagnant over the years. When you decide to get your nails done, you’re often faced with a binary choice:...
October 04, 2023
Projections suggest that the resale industry will surge to $53 billion in 2023. Interestingly, prominent players like The RealReal have yet to achieve profitability. While the specific factors contributing to The RealReal’s...
August 31, 2023
When Patagonia exited the business of creating company swag, it was almost as if it was the end of an era of the unofficial uniform for finance bros everywhere. However, despite Patagonia’s...
September 11, 2024
Fast-fashion brand Zara is bringing its secondhand clothing marketplace to the U.S. Zara Pre-Owned, which lets customers sell, donate or repair secondhand clothing, is set to launch in the U.S. by the end of October, parent company Inditex announced in its half-year earnings report Wednesday (Sept. 11). The company first introduced its Pre-Owned business last year, part of a wave of other retailers […]
March 11, 2024
Mastercard has named former ambassador Jon Huntsman, Jr. as its strategic growth president. “Jon’s unique experience spanning four decades in public and private sectors will be extremely valuable as we build the future...
January 17, 2024
Global shipping companies Maersk and Hapag-Lloyd have signed an agreement for a long-term operational collaboration. This collaboration, known as the “Gemini Cooperation,” will begin in February 2025 and aims to...
January 12, 2024
In the world of social media, influencers have been joined by deinfluencers. These emerging social media personalities are challenging the fast fashion movement and encouraging their followers to buy less...
