Despite making progress on their respective profitability goals, investors for both online resale sites were hardly impressed Tuesday afternoon when the companies reported first-quarter earnings.
The American retailer confirmed Tuesday that it has eliminated less than 3 percent of its corporate headcount as part of reorganisation efforts.
Fashion Trust US, a non-profit organisation founded in 2022 to support emerging talent, awarded grants and mentorship to six brands as part of its inaugural ceremony.
In an effort to cut costs, the luxury resale platform will lay off 230 employees and close four stores this year.
The fashion resale platform has named John Koryl as chief executive and a member of its board of directors.
In partnership with ThredUp, the American retailer now offers customers a way to buy and sell pre-worn J.Crew products online.
Jurors found that the menswear designer’s use of parallel lines did not infringe upon Adidas’ three-stripe trademark and cause confusion among consumers.
The online rental platform is launching an Amazon Fashion storefront, it announced Tuesday.