In a round that brought in a $1 billion valuation for the company, clothing subscription service Rent the Runway notched $125 million in funding. Bain Capital Ventures and Franklin Templeton Investments led the investment, according to reports. Get the Full Story Complete the form to...
Amid the breakfast wars, Burger King App is turning to coffee subscriptions. The offering could help bring diners into its restaurants at the beginning of the day to discover its other breakfast menu items, CNBC reported. Restaurant Brands International CEO Jose Cil told CNBC, “We...
A little under a year ago, a strange rumor began to make the rounds in the commerce ecosystem: Amazon was about to buy a TV home shopping network. Specifically, stories emerged that the eCommerce company was in acquisition talks with Evine Live, a cable home shopping...
In the age of subscriptions for movies and even car rentals, consumer goods and eCommerce companies are tapping into recurring purchase models. Some companies offer refills of household cleaning products, for example, while others offer unique selections highlighting the culinary flavor of a region though...
Online marketplaces are taking a page out of the sharing economy playbook for clothing rentals: HURR Collective Co-Founder and CEO Victoria Prew watched the massive rise of the model from car sharing to house sharing and believed fashion needed to be disrupted. The company is...
With an expected Levi Strauss & Co. New York Stock Exchange (NYSE) listing on the horizon, the denim company’s initial public offering (IPO) is said to be oversubscribed by greater than 10 times, per unnamed sources. The company is expected to offer 37 million shares...
In the age of smartphones, tablets and voice assistants, the morning or evening commute provides a myriad of opportunities for consumers to interact with the world. Those possibilities also extend to commerce, with connected devices paving the way for new shopping opportunities while consumers are...
Entrepreneurs are sometimes inspired to create companies based on a place where they have strong ties: Eric Smith was born as well as raised in New Mexico and co-founded Nuevo Food Box, which offers a subscription box of food highlighting the flavors of the state....
Women spend a lot of time shopping for clothes each year — by some estimates some 200 hours, or about 8.3 days. Interestingly, though, they aren’t wearing all the clothes they spend so much time looking for: about 20 percent of new clothes go immediately...
