The initiative invests in companies that show promise in transforming modern commerce — at scale.
Charming Charlie — long on the watch list of distressed retailers — is closing stores, including its Fifth Avenue flagship.
The department store is allegedly suffering from an “alarming” rate of short-selling.
The former Amazon Fashion president will help the private equity firm find and scale its consumer investments.
Even with more restructuring costs on the horizon, the company upped its guidance.
Fashion is set to become an increasingly lucrative category for the online giant.
Inventories at the end of the quarter rose 8%, reflecting strong sales trends in bottoms, women’s tops and Aerie apparel.
Wage increases and margin squeezes are expected to impact profitability of retail and apparel firms.
Using data to anticipate a need or want is one way to be hyper-relevant.