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Walmart Launches 'Modern Fashion Brand'

PYMNTS

Walmart wants to bring a bit of the high-fashion catwalk to its store aisles. 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. Today (Sept. We’ve launched exclusive, elevated brands.”. billion in 2019.

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Amazon Expands Data-Driven Fashion Push

PYMNTS

More than buttressed by the COVID-19 spike in web traffic that has driven digital sales across the board — Amazon has brought bigger names in fashion onto its platform with brands such as Oscar De La Renta, Chico’s FAS — parent firm of brands like Chico’s, White House Black Market and Soma. Currently, Amazon is forecast to bring in $7.5

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Wardrobe Expands Fashion Rental Concept With New Acquisition

PYMNTS

After launching one of the more innovative business models in the digital-first space, fashion rental platform Wardrobe is expanding. and expanding its presence in what its founder calls the “peer-to-peer” fashion space. With its recent purchase of Dallas-based Rent My Wardrobe, it is gaining a geographic footprint in the southern U.S.

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eCommerce May Save Fashion Week Events In 2020

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The business of fashion shows is struggling this week, but fashion retailing is not. Already eCommerce figured to play a major part in the various fashion weeks across the globe this week and next due to new technology and a willingness for designers to make their clothing more accessible.

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Walmart’s Flipkart Invests $204M For Stake In Fashion Retailer

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percent stake in Aditya Birla Fashion and Retail Limited (ABFRL), the company said in a statement on Friday (Oct. ABFRL is in the midst of scaling its emerging high-growth fashion categories — athleisure, casual wear and ethnic wear — and anticipates these lines will drive the company’s expansion. 1,500 crore) for a 7.8

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New Fashion Startup Bets Its Future On Off-Price Luxury

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It’s hard to find a retail fashion category that’s reliably successful these days. Fast fashion already claimed a victim this week as Lucky Brand filed for bankruptcy, and H&M announced it was shuttering 170 stores across the globe due to the pandemic-driven digital shift. “We Luxury fashion is recovering.

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High-End Fashion Site Mytheresa To Start Trading On NYSE

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Mytheresa CEO Michael Kliger said in an announcement that Thursday's IPO marks a milestone for the company, noting that Mytheresa has evolved into an international platform in high-end fashion. Mytheresa , which launched in 2006, claims to be “one of the leading global luxury fashion eCommerce retailers.”.

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