Goop has announced plans to expand globally with $50 million raised in Series C funding. Despite the fact that, until December, the site only shipped in the US, 35% of Goop's consumers are currently from other countries.
The Swedish company has reported 3.4 billion euros worth of apparel stocks, a volume which has risen 7% in the last year. As a number of media outlets highlight the problem, H&M continues to announce markdowns.
The report underscores the group's ambition to become one of the industry's sustainability leaders in wood-based cellulosic fibers. By 2022, the intention is to significantly reduce specific emissions.
U.S. President Donald Trump said on Thursday he will suspend duty-free treatment of clothing imports from Rwanda because the African country has imposed barriers to U.S. exports of used apparel and footwear.
Mongolia, supplier of about 40% of the world’s raw cashmere, hopes to boost profits in its trading of the world's most luxurious wool by opening up a new online platform for global buying via China’s Bohai exchange.
Online retailing behemoth Amazon.com Inc has cut ties with a number of Washington lobbying firms, Bloomberg reported on Friday. The changes took place about a week before Donald Trump began criticizing the e-tail giant.
Jared The Galleria of Jewelry has launched the first luxury watch trade-in program of its kind for its retail stores through a partnership with luxury watch consignment and resale site Crown & Caliber.
With the support of Défi, the French Federation for Women’s Ready to Wear will launch a new programme with the goal of creating five pairs of start-ups that will work on solutions for omni-channel traffic.