The 21-page report highlights U.S. programs and activities between June 2020 and April 2021 and addresses four main commitments, starting with supporting workplace equity where Gap Inc, which operates the Gap, Old Navy, Banana Republic and Athleta brands, removed educational requirements for 99.7 percent of job descriptions below the vice-president level to support workplace equity. Meanwhile,…
Read moreThe senior executives were “cooking the books” to support Tesco’s share price and secure huge compensation packages, and “bullied and coerced” subordinates into compliance, lead prosecutor Sasha Wass told London’s Southwark Crown Court.Christopher Bush, 51, who was managing director of Tesco UK; Carl Rogberg, 50, who was UK finance director; and John Scouler, 49, who was UK food com…
Read moreSierra Blanca Estates, a Marbella-based developer, is among the pioneers of this new luxury housing concept, collaborating with renowned Italian fashion brand Fendi to launch the first branded residential complex on the Mediterranean coast, Epic Marbella, taking the concept of luxury housing to another dimension. Epic Marbella is situated on a 48,000-square-meter plot on the exclusive golden m…
Read moreLocated on Edinburgh’s Princes Street, the department store was founded in 1838 by Charles Kennington and Charles Jenner, and was visited by Queen Elizabeth II on the occasion of its 150th anniversary in 1988.The 179,451 sq ft building is let to House of Fraser-owned Jenners on a 35-year lease with 23 years remaining,House of Fraser bought the business for £46.1 million in 2005, and sold th…
Read moreFashion e-tailers are driving impulse purchases with the use of these credit options, which offer online shoppers the option to try an item at home before paying for the order. According to GlobalData, a data and analytics company, those aged between 25-34 years old are most likely to use these options, with 27.5% using credit in the past 12 months, followed by those aged 16-24 (24.8%) and 35-4…
Read more“The Court of Justice confirms that the (European) Commission has not established that the tax ruling given to Amazon by Luxembourg was state aid that was incompatible with the (EU’s) internal market,” the Luxembourg-based Court of Justice of the European Union (CJEU) said.Its decision is final.
“We welcome the Court’s ruling, which confirms that Amazon followed all applicable laws and …
Read moreWho said that luxury was the territory of Boomers? This is no longer the case; on the contrary, the younger generations are now turning to the high-end and even very high-end items in growing numbers. That’s one of the findings of the latest report released by payment services company Klarna*: Gen Zers (63%) and millennials (63%) purchased more luxury items than their elders (45% for Gen Xers …
Read more“It will really be linked to tourist flows,” said Bain partner Federica Levato of spending on high end goods in Europe, noting that local shoppers had reined back spending after three years of strong, post-pandemic growth.Although there were some initial cancellations of trips to Europe from the Americans in the wake of the Israel-Hamas war, including a few for the holiday season, the situation…
Read moreThe new Sustainability In Retail Is Possible–But There’s Work To Be Done study found that while sustainability is now a strategic priority for retail businesses “the vast majority were failing to make meaningful progress”.While the accompanying survey, part of a collaboration with World Retail Congress which polled 37 major retail businesses around the world, revealed “widesprea…
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