Walmart International has undergone some major continental drift in recent months. On the
retail giant s Tuesday earnings call, executives discussed the company s strategic divestments in the United Kingdom, Japan, and Argentina with investors. Our international team has been busy transitioning the portfolio to higher growth markets, and it s working, Walmart CEO Doug McMillon said.
For the most part, that s meant divesting from less lucrative markets, and doubling down on more promising ventures around the world. In November 2020, Walmart Argentina was acquired by Grupo de Narváez, a corporation that runs retail companies in Argentina, Ecuador, and Uruguay. In the United Kingdom, Walmart completed the sale of its wholly owned grocery chain
Fashion brand Telfar is rewriting the rules of luxury.
With its Bag Security Program, customers have a better chance of snagging the brand s high-demand products.
Experts explain why it s paving the way for next-gen luxury consumers and entrepreneurs.
Tianni Graham, 27, remembers the before times that is, the harrowing months before Telfar introduced its Bag Security Program.
It was early last summer and she, along with thousands of others, was stuck testing their luck each day trying to buy the wildly popular Telfar handbag whose celeb fans include Oprah, Selena Gomez, Alexandria Ocasio-Cortez, and Solange. But they often sold out before anyone could click check out.
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Marina Raphael with her SS21 collection(1) Marina Raphael
Despite the pandemic, she said she saw an increase in sales in 2020.
To Insider, she reveals how she got her company through the past year.
When Insider first spoke to Marina Raphael in July 2020, she was in the midst of leading her luxury handbag brand of the same name through the pandemic.
A member of the famed Swarovski crystal family, Raphael launched her eponymous line the year before. It was being sold in high-end retailers such as Moda Operandi; it also captured the attention of Maxima, Queen of the Netherlands.