Poshmark has raised $87.5 million in a funding round led by Singapore’s state investor Temasek Holdings, the online fashion retailer said on Tuesday, positioning the startup for overseas expansion in Europe and Asia.
Amazon.com is selling off the hardware from its public cloud business in China, amid tightening regulation over online data that is creating a hurdle for technology firms operating in the world’s second-largest economy.
As Hudson’s Bay steps up the pace of extracting value from its $5 billion property portfolio, the department store chain’s shareholders want it to reduce debt and not invest the proceeds in traditional retail operations.
TJX Cos Inc posted its worst quarterly same-store sales performance since 2009, as its fashion apparel failed to click with customers and fewer people bought winter clothes in an unusually hot fall season.
The company's SVP of Marketing Tony Ambroza has been promoted to the newly created role, and will be tasked with leading the company's brand engagement and marketing as well as its direct-to-consumer business.
When it comes to the annual holiday shopping, Dutch consumers are three times more likely to shop at physical stores than other Europeans, with nostalgia an important factor, according to a survey by Deloitte.
Boden has finally opened its central London store with its debut in Chelsea also being the retailer’s first high street store. The sizeable space is in Duke of York Square, the shopping centre on the King’s Road.
John Lewis fashion sales fell again this week suggesting the wider malaise in the UK fashion sector is far from over, despite the start of the Christmas season. But the beauty category boomed, offering some relief.
China's economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution.