When Manish Chandra, founder and CEO of Poshmark, first immigrated from India to the US in the 1980s, launching a fashion company was hardly on his radar.

Instead, the entrepreneur took on various tech-related roles, including that of a software engineer at Intel, before establishing his own business. After spending extensive time doing a range of jobs in Silicon Valley, he launched his first shopping website, Kaboodle, in 2005, which ultimately led to his founding Poshmark in 2011.

What started out as what he called “a mobile social marketplace built only for the iPhone, targeting only women, and focused only on fashion,” is today one of the top online resale platforms.

But the feat did not come easy. Chandra discussed his personal challenges, his own approach to DE&I, and his advice to younger PoC.

Keep reading here.—JS

Walmart, CVS, and Walgreens closed hundreds of in-store health clinics this year, but when it comes to supermarkets, the clinics may boost not just shoppers’ health, but the health of the stores themselves.

A new report from Placer.ai suggests that for some supermarket chains, the clinics appear to be a draw, attracting more foot traffic to the stores and, assuming some of those clinic patients grab a gallon of milk along with their flu shots, helping the stores’ bottom lines.

At one Kroger-owned chain, Dillons, visits to stores with healthcare clinics were 93% higher than the overall average for that chain for the first half of 2024; at another, Jay C, visits to stores with the clinics were 92.9% higher than the average for that chain.

Keep reading here.—AAN

This month’s C-suite roundup is a rare one filled (almost) entirety with CEO changes, as retailers and brands this month made moves toward righting the ship or heading in new directions. Here are the exec moves to know:

• Estée Lauder tapped Stéphane de La Faverie, a company vet who most recently served as executive group president, as its next CEO, ending a monthslong search for a successor after Fabrizio Freda shared his retirement in August. Chief data officer Jane Lauder, also thought to be up for the role, said she’ll exit at the end of the year.
• After several quarters of lackluster results, CVS CEO Karen S. Lynch departed her role, with David Joyner, head of CVS Caremark, the company’s prescription drug benefit unit, taking over the top spot.
• CVS Health’s chief customer and experience officer Michelle Peluso left her role to lead Revlon as CEO just a year after the beauty brand emerged from bankruptcy.
• Gucci owner Kering announced Stefani Cantino as the luxury fashion brand’s new chief executive. He’s been its deputy CEO since May, joining after five years with Louis Vuitton.
• Unilever appointed Pandora executive Mary Carmen Gasco-Buisson as CEO of its prestige division, filling the role vacated by Vasiliki Petrou, who announced her exit in June.

Keep reading here.—EC