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

PYMNTS

27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. Earlier this month, the mega retailer shared clues about its launch of Walmart+ , which is expected to compete with Amazon Prime. Bloomberg reported Thursday (Aug. operation in Culver City, California.

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Walmart Launches 'Modern Fashion Brand'

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The retail giant is starting “a fashion essentials-inspired brand for both men and women created by our in-house design team,” the company said in a news release. The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016. Today (Sept. These are pieces designed to have staying power.”.

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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

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Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated.

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Nike Web Store Sells Out Of Kobe Bryant Merchandise

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No Kobe Bryant items were pulled from being sold and Nike didn’t ask retailers to send them back, as had been previously reported. “We will not be selling any Kobes till further notice,” RIF Los Angeles announced in a statement. A Nike spokesman confirmed to The Wall Street Journal that the merchandise had sold out.

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Newly Funded Feather Brings Furniture Subscription To LA

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Furniture subscription rental service Feather is using its latest round of funding to expand to Los Angeles. The company raised $12 million in a Series A funding round, led by Spark Capital, with participation from Kleiner Perkins, Bain Capital Ventures, Y Combinator and Fuel Capital, to name a few.

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Glossier Brings Shops To Nordstrom

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A Nordstrom partnership should help Glossier reach more shoppers who don’t reside close to its Los Angeles and New York stores, per the report. The department store retailer has also reportedly worked with Allbirds, Everlane and Away.

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High Times Plans Brick-And-Mortar Locations

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As it moves into the business of cannabis retail and hangs out its shingle in the industry, High Times is opening its own brick-and-mortar stores this year. announced it would be bringing a flagship retail store to Los Angeles and Las Vegas. Hightimes Holding Corp. Marijuana is legal in 11 states in the U.S.

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