Fashion
Walmart reshuffles executive team ahead of Furner’s takeover as global CEO
By
Reuters
Published
January 19, 2026
Walmart announced a series of executive changes on Friday as John Furner prepares to take over as CEO of the world’s largest retailer on February 1, replacing Doug McMillon.
The moves aim to maintain the Bentonville, Arkansas-based retailer’s growth momentum and bellwether position in the industry by promoting four longtime executives and expanding their responsibilities.
David Guggina will become CEO of Walmart’s largest division, Walmart U.S., replacing Furner in that role. Currently serving as chief e-commerce officer of Walmart U.S., Guggina has spent nearly eight years at the retailer in various positions, including executive vice president of supply chain operations.
The U.S. CEO position is highly coveted, as Walmart typically promotes leaders from this division, which generates around two-thirds of its annual revenue, to the top corporate job.
Walmart also promoted Chris Nicholas to CEO of its $100 billion Walmart International division, a day after announcing that current head Kathryn McLay would leave the company. Nicholas currently leads Sam’s Club, where he will be replaced by the chief merchandising officer for Walmart U.S., Latriece Watkins.
Additionally, Seth Dallaire, currently Walmart U.S. chief growth officer, will expand his responsibilities globally as chief growth officer of Walmart Inc, the company said in a statement.
All leadership changes take effect on February 1.
“These leadership changes mark a key step in how we organize for the future. Even the best teams need the right structure to win,” Furner said.
According to a company filing, Furner’s annual base salary is set at $1.5 million. He will receive a one-time stock award worth $10 million and be eligible for an annual equity award valued at approximately $17 million in fiscal 2027.
The moves come at a critical time for Walmart as it navigates domestic inflation pressures and strains on lower-income U.S. households. President Donald Trump‘s volatile trade policies have weighed on the company’s operations and supply chain relationships with key growth markets, including China, India, and Mexico.
Despite these challenges, Walmart has performed strongly. The company has reported quarterly revenue growth for nearly a decade straight, and its shares hit a record high this week. The stock gained 21% in 2025, significantly outpacing the 1.3% rise in the S&P 500 Consumer Staples index. Walmart’s shares were flat at $118.67 in morning trading on Friday.
© Thomson Reuters 2026 All rights reserved.
Fashion
Cotton innovation to take centre stage at Bremen conference 2026
Cotton can do more – a lot more. Cutting-edge textiles and high-tech products made from 100% cotton prove just how power-fully performance and sustainability can come together. That very surge of innovation is front and centre at the 38th Bremen Cotton Conference, taking place March 25–27, 2026, at Bremen’s Parliament on the historic market square – culminating in a bold and dedicated closing session on Friday. In the spotlight: per-formance upgrades for pure cotton, smart strategies for circular textile waste solu-tions, and pioneering concepts for demanding technical applications. From natural fi-bre–reinforced composites to highly effective flame-retardant solutions, cotton steps out of the closet and shows the future potential woven into every fibre.
The 38th Bremen Cotton Conference, set for March 25–27, 2026, will spotlight cotton’s transformation into a high-performance, sustainable material.
Experts will present innovations in cotton functionalisation, circular textile waste conversion, natural fibre composites and halogen-free flame-retardant systems, highlighting cotton’s expanding role in advanced technical applications.
Cotton is so much more than just a T-shirt. As a renewable resource, it’s biodegrada-ble, free from microplastics, naturally breathable, and delivers comfort you can actually feel. But this fibre has long since broken free from the fashion rack. Cotton is evolving into a versatile high-tech material.
Thanks to advanced finishing technologies, functional coatings, innovative hybrid yarns, and bio-based material blends, its range of applications is expanding fast – far beyond traditional textiles. For companies, that means real opportunity: replacing fos-sil-based resources with sustainable alternatives, staying ahead of regulatory de-mands, and unlocking new high-performance markets. Cotton is transforming from a natural product into a true engine of innovation.
Cotton Textile Waste as a Resource
Future-ready innovation means thinking across the entire product lifecycle. Production scraps, offcuts, and post-consumer textiles are not just a growing waste problem — they are also a valuable and largely untapped resource. In his presentation, Dr. Mat-thew Farrell of Cotton Incorporated (USA) demonstrates how cotton textile waste can be converted into glucose. Since these materials consist primarily of cellulose — aside from dyes and finishes — they can be broken down into their sugar building blocks through hydrolysis.* The resulting glucose serves as a bio-based platform feedstock for a wide range of value-added products. Drawing on two processes developed in recent years, Farrell illustrates how used cotton textiles can be integrated into viable circular economy concepts.
* Note: During hydrolysis, cellulose chains are broken down into glucose using water — often supported by acids or enzymes.
Natural Fibre Systems and Flame Retardancy
At the same time, the market for natural fibre-reinforced composites is expanding rap-idly, as industry and research increasingly turn to renewable, lightweight, and re-source-efficient materials. Natural fibres generally offer a lower carbon footprint than glass or carbon fibre reinforcements and are especially attractive for applications driven by clear sustainability targets. However, fire performance presents specific chal-lenges. As plant-based fibres are inherently combustible, natural fibre composites of-ten exhibit less favourable fire behaviour than their glass- or carbon-fibre-reinforced counterparts. Meanwhile, regulatory and safety requirements are becoming more strin-gent: beyond flammability itself, parameters such as heat release rate, smoke devel-opment, and smoke toxicity are moving into sharper focus.
At the Bremen conference, Dr. Thomas Mayer-Gall from the German Institutes of Tex-tile and Fibre Research North-West (DTNW), Krefeld, will present newly developed, halogen-free flame-retardant systems from DTNW research designed for these de-manding applications.
More Performance from 100% Cotton
Complementing the circularity perspective, Seth Winner of Cotton Incorporated turns the spotlight on enhancing the performance of textiles made from pure cotton. The goal: to elevate 100% cotton fabrics with targeted functional upgrades — improving breathability, thermal insulation, and stretch, among other properties.
He will present innovative approaches that enable the precise functionalization of cot-ton textiles, using both new and established technologies to unlock the full perfor-mance potential of pure cotton.
Innovation Meets Circularity
Against the backdrop of rising demands for resource efficiency, circular economy so-lutions, and product safety, the closing session of the Bremen Cotton Conference sends a strong message. It delivers fresh, hands-on impulses for manufacturers, fin-ishers, and developers — and showcases the remarkable innovative power of cotton.
Cotton is no longer just a traditional apparel fibre. It is evolving into a high-performance raw material platform for technical and sustainable applications — with strategic rele-vance for the textile and materials industries of tomorrow.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (MS)
Fashion
Turkiye’s apparel exports drop 6% to $16.3 bn in 2025
Exports of knitted and crocheted garments (HS Chapter **) fell *.* per cent to $*.*** billion from $**.*** billion a year earlier, as retailers trimmed replenishment volumes. Woven apparel and accessories (HS Chapter **) recorded a steeper fall of *.* per cent to $*.*** billion, compared with $*.*** billion in ****, reflecting weaker demand for higher-value fashion categories and formalwear.
December **** data signalled a slower contraction relative to the annual trend. Knitted and crocheted apparel exports rose *.* per cent year on year to $***.*** million from $***.*** million in December ****, supported by seasonal restocking. In contrast, non-knitted apparel declined *.* per cent to $***.*** million from $***.*** million. Combined shipments under HS ** and HS ** edged down *.** per cent to $*.*** billion.
Fashion
The new economics of fashion: Trust, longevity and price discipline
Fashion demand in 2026 remains intact but more selective, with consumers spending cautiously and prioritising value, durability and versatility.
Intentional purchasing and promotion sensitivity are reshaping pricing dynamics and margin structures.
Polarised consumer behaviour is pushing brands to rebuild trust, justify full price and align sustainability with longevity.
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