The online personal shopping service reported a surge of 24% in net revenue in the first quarter of 2019, as subscriber numbers soar and the company reaps the benefits of a model rooted in customer feedback.
Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks more inroads into online fashion.
Walmart on Tuesday said it will acquire Eloquii, a plus-sized fashion startup, for an undisclosed amount as it continues to look for ways to appeal to younger shoppers and differentiate from rival Amazon.
Stealthy in-line store pull-outs and intensified competition to attract new retailers figure among the problems facing malls in 2018, which must diversify their offer and focus their investments on consumer experience.
Wal-Mart Stores said on Monday it will offer Hudson’s Bay Co-owned department store chain Lord & Taylor dedicated space on its website, as it looks to make deeper inroads into the fast-growing online fashion business.
Saks Fifth Avenue, Coach and Kate Spade partner Tulip raised $40 million in funding led by Kleiner Perkins. The mobile app provider plans to put its funding towards international expansion and innovation.