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Walmart finds new way to take on Amazon amid soaring prices

  Bloomberg Walmart Inc has a new sales pitch for consumers contending with soaring prices: Buy used goods. A new “Walmart Restored” program will make it easier to shop for refurbished items from the likes of Apple Inc, Samsung Electronics Co and Whirlpool Corp’s KitchenAid, the retail giant said in a statement. The restored merchandise will be available online and ...

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Prada’s H1 revenue rebounds on sales

Bloomberg Prada SpA reported a rebound in first-half revenue backed by strong performances in Europe and the Americas, as luxury company results continue to show resilience despite lockdowns in China and soaring inflation. The Italian fashion house said in a statement that it remains confident on medium-term targets despite macroeconomic uncertainty, citing the global health situation, the rate of recovery ...

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UK greenwashing probe targets fashion brands

  Bloomberg The UK’s competition watchdog started a probe into potentially misleading environmental claims made by fashion brands Asos Plc, Boohoo Group Plc and George at Asda, over greenwashing concerns. The Competition and Markets Authority (CMA) said it opened an investigation into the three fashion brands “to scrutinise their ‘green’ claims,” saying it’s concerned that clothes, footwear and accessories are ...

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