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.

Continue reading… “Here’s how you’ll shop in 2030”

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.

Continue reading… “Meet The Billionaire Founder Of South Korea’s Amazon That’s About To Go Public”