By Tyler Shultz | June 16, 2022
With the continuing rise of thrifting and secondhand clothing, the apparel-rental market has seen growth as more consumers look for innovative ways to shop sustainable and reduce the amount of clothing produced.
The National Retail Federation held its second annual State of Retail & the Consumer virtual event on March 15, which explored the American consumer and key behavior trends that developed during the pandemic and its aftermath.
CIT, a division of First Citizens Bank, has announced a reorganization of its Commercial Services factoring business.
According to the Winter 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, all California real-estate sectors are experiencing positive growth despite still recovering from the pandemic-related recession.
First Citizens BancShares Inc. has merged with CIT Group Inc., creating a top-20 U.S. financial institution and the largest family-controlled bank in the nation.
International Market Centers announced that it has acquired Shoppe Object, a design-focused home and lifestyle trade show and its Shoppe Online B2B e-commerce platform.
Industry Focus: Finance—As the world navigates through the COVID-19 pandemic’s new variants, what advice would you offer to apparel professionals?
While a new year has begun, many challenges that were experienced during 2021 remain. The COVID-19 pandemic continues to impact the world as new variants of the virus develop.
Celebrating his brand’s 40th anniversary, designer Allen Schwartz announced the acquisition of his Los Angeles label by New York–headquartered Five Oak Brand Management Advisors.
San Francisco–based biomaterials company MycoWorks announced it has secured $125 million during its latest funding round.
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.
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, 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.
E-commerce software platform Brikl announced it has secured additional funding from Saffelberg Investments.
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.
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, 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.