Online innovators are building universal checkouts that let consumers buy products from multiple brands and retailers, all in one place.
BoF has learned that social commerce site The Fancy has raised an additional $7 million from a group of investors including Richard C Perry, owner of Barneys New York, and his son David Perry, who works at The Fancy.
In the third of a series of articles on the current state of fashion e-commerce, sponsored by Magento, BoF visits Quiet Logistics, the company whose combination of Kiva Systems robots and human touch powers fulfilment for fast-growing fashion e-tailers, including Nasty Gal, Bonobos and The Fancy.
NEW YORK, United States — The Fancy, an online shop with items culled by customers, raised $53 million from investors including American Express Co., billionaire Len Blavatnik and actor Will Smith, people familiar with the matter said.
In recent years, we’ve seen a veritable renaissance in online fashion retail, with venture money pouring into fashion e-commerce companies with a wide range of models. In the first of a series of articles on the current state of fashion e-commerce, sponsored by e-commerce software and platform solutions company Magento, BoF examines some of the models getting the most traction.
NEW YORK, United States — Since the very birth of fashion magazines at the end of the 19th century, editorial content has been a powerful generator of consumer demand for fashion products. But the path between inspiration and transaction — between content and commerce — was fragmented and full of friction. Over the last decade, however, the interconnectedness of the web has rewired reality and given rise to new business models that
Awaiting the Storm’s Price Tag (NY Times) “Even as businesses struggled on Monday to gauge and contain the damage from Hurricane Sandy’s slow move up the East Coast, economists played down the likely long-term effects. The recovery after the storm, they said, could actually pump up growth temporarily in a few sectors, like construction and retail sales, when cleanup begins in earnest in a few days.” Simplicity and Order
Apple Wants To Buy Pinterest Rival, The Fancy (Business Insider) “Apple is in talks to acquire The Fancy, a fast-growing social commerce site backed by cofounders of Twitter and Facebook, Business Insider has learned. The objective: to secure a role for Apple in the growing e-commerce market.” L Capital in talks with top fashion designers to setup LVMH clone in India (Economic Times) “Private equity firm L
The Fancy’s E-Commerce Expansion Continues (TechCrunch) “This week, New York-based The Fancy, a Pinterest-like site with a focus on not just browsing, but buying from its collection of inspirational imagery… The ‘Buy’ button is targeted at bloggers and other publishers, not online merchants or e-commerce sites, of course.” Qatari royal family buys Italian fashion house Valentino (Reuters) “Iconic