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Fitness Platform Raises $5M For Online Workouts

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Bloomberg News reported NEOU , the New York-based live streaming and on-demand platform for trainers, has raised $5 million in capital from investors including Ares Management Corp., the Los Angeles-based alternative asset manager. The round valued the company at about $40 million, NEOU CEO Nathan Forster told the news service.

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

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Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy banks. consumers.

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Walmart Launches 'Modern Fashion Brand'

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21), I’m excited to introduce Free Assembly , a modern fashion brand that offers elevated style essentials at an incredible value,” said Denise Incandela , senior VP of the women’s group, elevated and online brands. “At So far, 2020 has been better for Amazon than Walmart, with its mix of brick-and-mortar stores and online sales.

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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

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Walmart is selling two of its online brands in a continuing goal to concentrate on its website. Last fall, Walmart sold ModCloth , a vintage-inspired women’s clothing, shoes, handbags and accessories eTailer, to Go Global Retail , a Los Angeles investment platform that invests in fashion and retail, for an undisclosed amount.

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Nike Web Store Sells Out Of Kobe Bryant Merchandise

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Nike ’s online store has sold out of all of its Kobe Bryant-related merchandise, according to numerous reports on Tuesday (Jan. “We will not be selling any Kobes till further notice,” RIF Los Angeles announced in a statement. “All Kobes have been pulled off the floor and all online orders have been refunded.”

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How Digital Innovators Capitalize On Subscription Businesses

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Some providers are capitalizing on the concept by launching new services that offer access to premium content such as newspapers and magazines in exchange for a monthly fee. subscription box market by 2022 is £1b. Each box contains eight to 12 products. Customers are said to receive roughly $200 worth of products for $49.99

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eCommerce Grocer Weee Notches Almost $50M In Funding

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Lightspeed Ventures, iFly.vc, Silicon Valley Bank and Goodwater Capital were participants in the investment, Deal Street Asia reported. The firm evolved into an online shopping website with a warehouse and delivery network in 2017. The company provides its offering in the San Francisco Bay Area, Los Angeles, Sacramento and Seattle.