Poshmark has raised $87.5 million in a funding round led by Singapore’s state investor Temasek Holdings, the online fashion retailer said on Tuesday, positioning the startup for overseas expansion in Europe and Asia.
Amazon.com is selling off the hardware from its public cloud business in China, amid tightening regulation over online data that is creating a hurdle for technology firms operating in the world’s second-largest economy.
As Hudson’s Bay steps up the pace of extracting value from its $5 billion property portfolio, the department store chain’s shareholders want it to reduce debt and not invest the proceeds in traditional retail operations.
TJX Cos Inc posted its worst quarterly same-store sales performance since 2009, as its fashion apparel failed to click with customers and fewer people bought winter clothes in an unusually hot fall season.
The company's SVP of Marketing Tony Ambroza has been promoted to the newly created role, and will be tasked with leading the company's brand engagement and marketing as well as its direct-to-consumer business.
Private equity firm Tengram Capital has announced it will acquire luxury skincare brand ReVive from Shiseido Americas Corporation and will bring on two key execs from its former Laura Geller New York team.
When it comes to the annual holiday shopping, Dutch consumers are three times more likely to shop at physical stores than other Europeans, with nostalgia an important factor, according to a survey by Deloitte.
Ikea saw a sixth year of UK growth in the 12 months to August 31 with the retail giant’s sales up 5.8% to £1.814 billion. It also increased its market share by 0.5% and is targeting a share of 15% within 10 years.