1. Wexner Era Ends at L Brands as Les, Abigail Plan Board Exit: Les Wexner is leaving the board of Victoria’s Secret parent company L Brands Inc., bringing an end to a long – and recently troubled – relationship with a company he built into a retail empire. Wexner, 83, and his wife, Abigail, won’t stand for re-election at the annual shareholder meeting in May, the company said Thursday. – Read More on Bloomberg
2. Why everyone is confused about what ‘eco-friendly’ actually means: One of the clearest findings from a recent Smart Design survey?Nobody’s clear about anything. There’s widespread confusion about which materials are best for the earth and plenty of common beliefs that are nearly the opposite of reality. – Read More on Fast Co.
3. Shipping Logjams Spread on Crush of Imports: “The surge in e-commerce has significantly increased the volume of incoming cargo,” said Port of Oakland spokesperson Marilyn Sandifur. “We’ve got 20% more vessels coming in over the last month, with six to a dozen vessels in the San Francisco Bay waiting to dock for up to seven days.” – Read More on the WSJ
4. Sweatpants are fashion designers’ worst nightmare. Home working and Zoom socializing proved to be an elastic market: in an otherwise miserable year for the clothes business – face masks apart – sales of jogging trousers in America increased by 17% in 2020, compared with the previous year. – Read More on the Economist
5. U.S. corporate bankruptcy tally grows by 31 in early March: The pace of U.S. corporate bankruptcies quickened in early March from the previous month, even as faster COVID-19 vaccine rollout and government stimulus is brightening the outlook for many industries. From March 1-14, 31 companies entered bankruptcy proceedings, outpacing the 17 filings in the first two weeks of February and nearing the 35 bankruptcies recorded during that entire month. – Read More on S&P Global