The investment will support the growth of the start-up that will focus on implementing its technology, as well as enlarging its retail network.
The company also revised its guidance, raising its net profit forecast but lowering sales and operating forecasts.
Strong performance by Uniqlo in Japan and Greater China drove the growth, despite the impact of COVID-19 on other markets.
The Global State of Small Business Report finds vulnerabilities and identifies new challenges ahead.
The National Retail Federation and Planalytics are bullish on the outlook for 2021 and expect apparel sales to pick up for Easter and beyond.
Velasca, which offers Made in Italy men’s shoes at affordable prices, is about to inaugurate a store at 250 Elizabeth Street, in NoLIta.
Executives from Flow Commerce and Citizens of Humanity joined WWD in discussing attracting and converting international customers.
At $19 each, that would put the company at well over $10 million in product sales since launch.
Enjoy incredible savings from fan-favorite beauty retailers among the likes of Sephora, Ulta and more.
Gilbert W. Harrison, who helped form the council, will serve as chairman.
The e-commerce boom this year is putting pressure on fulfillment, and inventory management.
New October pulse report from Deloitte’s InSightIQ team reveals how consumers kicked off the holiday shopping season.