Katrina Lake, founder and CEO of Stitch Fix Inc. Patrick T. Falan | Bloomberg | Getty Images Shares of Stitch Fix rose on Monday after the company reported a surprising 10% profit and revenue growth from a year earlier. Its stock after hours trading. Than% remained above. Oct. In the …
Read More »Retail eCommerce Ventures buys bankrupt Stein Mart for 6 million
The company that has given Pier 1 imports, dressburn and model sporting goods a second chance in life is adding another monstrous retailer to its empire: Stein Mart. Miami-based retail ecommerce ventures have emerged victorious in a bankruptcy court auction for the intellectual property of Stein Mart, the company announced …
Read More »Black Friday shopping online to hit the record, Adobe says
People look at jewelry at Macy’s Herald Square during the opening opening for Black Friday sale on November 27, 2020 in Manhattan, New York. Eduardo Munoz | Reuters According to preliminary data from Adobe Analytics, online sales on Black Friday are on track to reach record highs this year, as …
Read More »Sustainable sneaker start-up is selling Labarders sweaters, T-shirts
Well-known start-ups around Silicon Valley will be hoping to get another piece of your closet for their comfortable slip-sn sneakers. B Labards is moving into the clothing category by launching four new items on Tuesday: T-shirts made from carved crab shells; An ool not cardigan; An ool not jumper (britishism …
Read More »Epidemic-bored shoppers want a meaningful holiday season
In this holiday season, shoppers are not thinking of glossy and gift oriented celebrations. Instead, many are preparing for smaller gatherings, relying on spending and directing their dollars towards retailers with similar values during the coronavirus epidemic, according to a new survey by Accenture. The vast majority of those surveyed …
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