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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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Nike Sues More Than 1,000 Websites And Other Parties Over Alleged Counterfeiting 

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Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse shoes online. Nike wrote in a lawsuit filed in the U.S.

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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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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

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From what they call the “lender’s” point of view, suppose a 40-something woman in Los Angeles looks in her closet and notices that there are three great blazers, three great skirts and two pairs of Louboutins that don’t get much usage. There are three ways to look at Wardrobe.

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Healthcare Tech Company Truepill Raises $75M To Expand

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Truepill , an online pharmacy powering delivery for direct-to-consumer healthcare brands, announced Wednesday (Sept. Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC., 9) that it closed on a $75 million Series C funding round.

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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.