Luxury resale platform Kream has secured $168 million in a Series C funding round, valuing the company at approximately $742 million, doubling its previous value of $306 million as of October 2021. Kream’s total funding to date is now over $266 million, according to TechCrunch on Friday (March 23). ...
Levi Strauss & Co.’s focus on digital now extends to the models wearing its jeans. The clothing retailer announced Wednesday (March 22) it was working with Lalaland.ai, a Dutch digital fashion studio that makes customized models generated by artificial intelligence (AI), allowing shoppers to see...
Flash has launched an email domain designed for online shoppers. By downloading the Flash app and establishing an @flash.co email account, shoppers can keep their inbox free of emails that aren’t related to their purchases and related information, view order tracking, get spam protection and...
In a bid to double its sales, candymaker Mars is upping its focus on pets. The maker of brands such as Snickers and M&Ms now derives 20% of its revenue from its pet care business, the Financial Times (FT) reported Thursday (March 23) in a...
Following a 15% increase in beauty and perfume sales last year, luxury fashion house Hermès is expanding its beauty category with all-new products. The luxury retailer noted that today, its perfume segment only contributes 4% of the total revenue, with leather goods reportedly making up...
As overall retail sales slump, some sporting goods brands and merchants are demonstrating that health and wellness is anything but discretionary. A seamless integration of online tools and technologies, when coupled with in-store sales savvy, is proving remarkably successful for sporting goods brands that strike...
Pan-African eCommerce firm Jumia has agreed to sell retailer Leroy Merlin’s products in West Africa. The agreement is part of Jumia’s plan to halve costs and extend its reach by the end of the year with the home improvement firm, as detailed by Bloomberg News Wednesday (March 22), Jumia CEO Francis...
Thanks to its robust direct-to-consumer (D2C) sales strategy, better inventory management and a rebound in China, Nike is finding itself in a better position than expected. The company reported its revenue for the third fiscal quarter to be $12.4 billion, above projections of $11.48 billion,...
GameStop’s turnaround continued this week as the company reported its first profit in years. The video game retailer announced in a Tuesday (March 21) earnings release that it had seen a net profit of $48.2 million in the quarter that ended in January, versus a...
