Tease photo
FINANCE

Brikl Closes New Funding Round Aimed at Hypergrowth

By Tyler Shultz | December 27, 2021

E-commerce software platform Brikl announced it has secured additional funding from Saffelberg Investments.

Adidas Signs CMC Lease for 107K-SF DTLA Space Following Renovation

Adidas Signs CMC Lease for 107K-SF DTLA Space Following Renovation

As the California Market Center unveiled its fresh space on Jan. 11, following a $250 million–plus renovation, property manager Brookfield Properties announced that it would welcome global athletic-apparel brand Adidas AG, which signed a lease for 107,000 square feet of space at the downtown Los Angeles site.

DJM and PGIM Real Estate Announce Acquisition of Long Beach Exchange

DJM and PGIM Real Estate Announce Acquisition of Long Beach Exchange

California-based private-equity real-estate-and-development firm DJM, in partnership with PGIM Real Estate, has announced its acquisition of Long Beach Exchange.

KlearNow Raises $50 Million to Alleviate Global Supply-Chain Constraints

KlearNow Raises $50 Million to Alleviate Global Supply-Chain Constraints

KlearNow, a logistics-as-a-service company founded in 2018, announced it has raised $50 million in new funding to provide supply-chain solutions that simplify and provide real-time cargo visibility.

Alpargatas Announces Strategic Investment in Rothy’s

Alpargatas Announces Strategic Investment in Rothy’s

Brazilian lifestyle brand Alpargatas S.A., and sustainable lifestyle brand Rothy’s Inc. have announced that Alpargatas will make a strategic investment in Rothy’s to fuel global growth and vertically expand.

2021 Sees a Bounceback in the Apparel Industry as COVID-19 Recedes

2021 Sees a Bounceback in the Apparel Industry as COVID-19 Recedes

After the onset of the COVID-19 pandemic decimated many industries and cost millions of jobs, many were left wondering how the country would respond in the following years. Although 2021 was full of its own new challenges, such as supply-chain issues, rising inflation and new variants of the virus, the retail sector saw growth, bringing promise as the country continues to navigate into a new normal.

Cerqular Secures Early-Stage Investment to Launch Sustainable Commerce Platform

Cerqular Secures Early-Stage Investment to Launch Sustainable Commerce Platform

Cerqular, the quickly growing e-commerce platform with a focus on sustainable and ethical brands, has announced the successful close of its pre-seed round of financing.

Poshmark Launches NFT to Celebrate 10-Year Anniversary

Poshmark Launches NFT to Celebrate 10-Year Anniversary

To celebrate its 10th anniversary, social marketplace Poshmark announced the launch of its first collection of nonfungible tokens.

Holiday Retail Sales Predicted to be Highest Ever Recorded

Holiday Retail Sales Predicted to be Highest Ever Recorded

Despite congestion at major ports and labor shortages around the country, holiday spending is expected to shatter previous records according to the National Retail Federation.

VNTANA Announces Latest Funding Round, Expansion in 3D and AR E-commerce

VNTANA Announces Latest Funding Round, Expansion in 3D and AR E-commerce

VNTANA, which provides 3D content-management software, has announced its latest round of funding, which will be used to scale and continue recruitment of talent across the organization.

Unifi Elects Rhonda Ramlo to Board of Directors

Unifi Elects Rhonda Ramlo to Board of Directors

Unifi Inc., the recycled and synthetic yarn innovator, has announced the election of Rhonda Ramlo to its board of directors.

Evrnu Raises $15 Million in Series B Financing

Evrnu Raises $15 Million in Series B Financing

Textile company Evrnu announced the raising of $15 million in Series B financing to scale and meet the increasing demand for its fiber-regeneration platform, NuCycl, as a solution to the textile-waste crisis.

SoftBank Invests $400 Million in Vuori

SoftBank Invests $400 Million in Vuori

Activewear brand Vuori has announced a $400 million investment from SoftBank Vision Fund 2 at a valuation of $4 billion. Since 2015, Vuori has established itself as a leader in the activewear market that merges techwear with a West Coast aesthetic.

Financing in the Age of e-Commerce

Financing in the Age of e-Commerce

The apparel industry was an early adopter of e-commerce. Even before COVID-19 struck, online retail accounted for 27 percent of U.S. apparel sales in 2018 and 30 percent in 2019. In 2020, that number leaped to 46 percent as consumers largely avoided stores due to health and safety concerns, according to the research firm Digital Commerce 360.

Ross Stores Inc. Appoints New CFO

Ross Stores Inc. Appoints New CFO

Ross Stores Inc. has announced that Adam Orvos, the current group senior vice president of supply-chain administration, is being promoted to executive vice president and chief financial officer.

Previous