Target Corporation has announced Brian Cornell will remain as CEO for a further three years and named Gretchen McCarthy, senior vice president, global inventory management, as its new chief supply chain and logistics officer.
Primark is launching its first collection of nightwear, underwear and base layers which use the latest product innovations including anti-flush technology, cooling yarn, odour control, and temperature control designed to relieve symptoms such as hot flushes and sweating that are associated with menopause.
US sportswear giant Nike, Inc has unveiled what it says is its most significant apparel innovation since Dri-Fit, moving away from traditional knit and woven processes to develop Nike Forward, a material said to have lighter density than traditional knit fleece and comprised of 70% recycled content.
With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at major US container ports are expected to fall below last year’s levels for the remainder of 2022, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
H&M Foundation is donating US$250,000 to help support those affected by the devastating flooding in Pakistan which comes as the country is experiencing abnormal monsoon rainfall nearly three times higher than the past 30-year average.