Shein Pops Up at London Fashion Week
Shein announced plans to launch a pop-up experience to coincide with Fashion Week in London. The retailer will feature a curated collection of seasonal lines, including latest trends, wardrobe staples and partywear.
Shein has opened a handful of pop-ups over the course of the past year, including one launched in partnership with payment solution provider Klarna. It's the latest in a growing series of temporary brick-and-mortar locations from the online fast-fashion player.
Food Lion Supports Kentucky Flood Victims
Food Lion recently donated nearly $100,000 to the American Red Cross for Kentucky flood relief efforts. The grocery brand’s hunger-relief platform, Food Lion Feeds, accounted for $30,000 and customer donations at the register totaled nearly $60,000.
In addition, Food Lion delivered 17 pallets of water to God’s Pantry Food Bank, a member agency of Feeding America Kentucky’s Heartland, in Lexington, KY. This donation supported nine shelters established by Feeding America Kentucky’s Heartland food bank to serve 14 counties in Central and Eastern Kentucky impacted by the flooding.
Target Ends Retirement Rule
Target’s board of directors recently eliminated its retirement policy in order to keep its current Chief Executive Officer, Brian Cornell. Cornell will stay with the company at least three more years, a step necessitating a change in its retirement rules. The retirement policy had previously required a discussion of retirement once a CEO or other top leader reached the age of 65.
Since Cornell became CEO in the summer of 2014, Target's annual revenue has grown from around $73 billion to $106 billion. During the pandemic, Target generated record profits.