Category: Shopping

BY ELIZABETH SEGRAN

If the fashion industry cleans up its act.

If you’re worried about the planet, clothes shopping can feel like navigating a minefield. There are so many things to worry about when buying a T-shirt—from the carbon emissions to the wastewater generated during its manufacturing. But imagine a world where fashion labels cleaned up their act and the industry actually made the planet greener?

That’s the premise of a new report from Bain and Positive Luxury, a company that offers sustainability certifications to brands. The report explores the many initiatives brands are currently working on to become more eco-friendly and considers what the world would be like in 2030 if these became norms. At a time when many consumers are just beginning to reckon with the fashion industry’s devastating impact on the planet, the report offers a hopeful glimpse into the future—if the industry makes some changes.

Bom Kim, founder and chief executive officer

By Ralph Jennings

Coupang is preparing for a U.S. listing that could value the South Korean e-commerce giant at more than $50 billion. It’s another milestone for Coupang’s 42-year-old billionaire founder Bom Kim, who has been leading the company since 2010.

Dubbed the Amazon of South Korea, Coupang’s IPO would be the largest U.S. listing by a foreign company since Alibaba’s blockbuster debut in 2014.

Coupang has grown by cutting prices and speeding up deliveries. It offers same-day and next-day delivery of groceries and general merchandise. It delivers prepared foods through the name Coupang Eats and offers video streaming under the label Coupang Play.