US fashion resale company ThredUp has announced it has received 175 million dollars in funding that it will use to “fuel a new wave of growth and platform expansion.” With the new funding, ThredUp is launching a platform called RAAS (Resale-As-A-Service), which will provide services for retailers to […]

Alibaba Group Holding Ltd has delayed its initially planned 15-billion-dollar listing in Hong Kong as protests continue in the region. The company has not set a new timetable for the listing, but the deal could still happen as early as October. Alibaba is watching closely to see if political unrest […]

Amazon has announced that its biggest global campus has opened in India in Hyderabad. This will help better position Amazon to compete with its top rival Walmart. Jeff Bezos has committed 5.5 billion dollars to growth in India. The new Hyderabad campus is the first building Amazon has owned outside […]

Board of directors of Nordstrom, Inc. has approved a quarterly dividend of 37 cents per share payable on September 16, 2019, to shareholders of record at the close of business on August 30, 2019. The fashion retailer based in the US was founded in 1901 as a shoe store in Seattle. Today Nordstrom operates […]

Global delivery software business Sorted Group has raised 15 million pounds in a Series B funding round led by Merian Chrysalis Investment Company Limited, alongside Praetura Ventures and NVM Private Equity LLP. The Manchester-based, Sorted, has developed a delivery management platform which allows […]

Pandora’s company-wide turnaround plan, ‘Programme Now,’ which is aiming to renew its entire customer experience to drive a “higher brand relevance”, is “on track” ahead of the brand’s relaunch later this month, as the jewellery brand releases its Q2 2019 results. In a statement, Pandora said that the […]

Asos has reportedly asked suppliers for a discount on its orders as the online giant continues to cut costs. In a letter sent to suppliers and seen by Drapers, Asos asked for a three percent discount on the prices of all stock it receives after 1 September. In the letter, Asos said: “We have recently […]

Levi Strauss & Co., Kontoor Brands - which owns Wrangler and Lee jeans - and The Children’s Place have all pledged to crack down on gender-based abuse in Lesotho garment factories after an investigation found women were being coerced into having sex in order to keep their jobs. The major fashion brands […]

StitchFix, ThredUp, Rent-the-Runway, The RealReal and Vestiaire Collective are just some of the leaders defining the new frontier of shopping for clothes, from fashion subscription services to the re-sale revolution, to peer-to-peer marketplaces, that is changing how we consume fashion. As the global […]

CNBC has reported that Warren Buffett's Berkshire Hathaway has increased its stake in Amazon by 11 percent, now worth 947 million dollars. Berkshire now owns 537,300 shares of Amazon. Buffet announced his initial investment of Amazon back in May, but clarified that they were bought by someone in his […]




Latest jobs