The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"Nordstrom Buying a Website for Men's Wear" (The New York Times)
"As retailers have come up with new ways to target men, Nordstrom has been riding the wave. It plans to announce on Thursday that it has agreed to purchase Trunk Club, a five-year old website that sells about 100 brands of men's apparel, for an undisclosed amount."
"Amazon $2 Billion Investment Sparks India E-Commerce War" (The Financial Times)
"Amazon is investing an extra $2bn in its India operations as the US online retailer takes advantage of the country's fast-growing internet shopping market."
"Could Yoox Be a Takeover Target for Amazon?" (Bloomberg)
"The $1.6 billion company, which operates e-commerce sites for designer brands including Armani and Moncler, is poised to boost sales by about 75 percent over the next three years, according to data compiled by Bloomberg. Affluent consumers from Seattle to Shanghai have more to spend on luxury goods and are increasingly going online to do it, according to Retail Metrics Inc. That may grab the attention of Amazon.com Inc., said CRT Capital Group LLC."
"With $10 Million, BaubleBar Continues its Foray Into Brick-and-Mortar Retail" (Fortune)
"On Tuesday, BaubleBar announced that it raised an additional $10 million in venture capital to continue fueling its growth. Led by Burch Creative Capital, the Series B round included existing investors Accel and Greylock Partners as well as TriplePoint Capital, Comcast Ventures, and Aspect Capital, and brings the young company's total investment to almost $16 million."
"ThredUp Flush With $23 Million" (TechCrunch)
"On the heels of online consignment rival Threadflip's Series B, thredUP just filed a $23 million Series D with the U.S. Securities and Exchange Commission."
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.