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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

PYMNTS

Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. The $14 million of funding Rinse recently secured will not be going into the company’s tech as much as into building out its team as it looks to launch in new markets.

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Target’s Got A Secret (Its Codename Is Goldfish)

PYMNTS

Being too successful at flying under the radar, at best, confuses the target market or audience and, at worst, just misses them entirely. Stringfellow was promoted to the permanent position of VP of internal innovation and operations. It is a delicate balance, of course. ECommerce was big business for Target in 2015.

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Summary: Affordable footwear retailer Aerosoles struggled to compete in an tough apparel market as it looked to balance affordability and comfort with changing fashion trends, while competing with even cheaper fast fashion chains. Date: September 2017. Category/Product(s): Footwear. Date: March 2017. Gander Mountain . Date: March 2017.

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