FINANCE
FashionGo’s Dynamic Net Terms Solution Provides Three Levels of Yes
By Christian Chensvold, Associate Editor | April 9, 2024
The California Apparel News sat down with Paul Lee, CEO of NHN Global, owner of FashionGo, to learn the details of...
Ally Lending Offers New Payment Option
Ally Lending is giving its customers a new way to pay by offering financing through Sezzle.
ShePlace Launch Led by Goldman Sachs Pioneer Who Broke Through Glass Ceiling
Intent on reaching far beyond its headquarters in Park City, Utah, ShePlace has launched as an initiative by founder and Chief Executive Officer Jacki Zehner, who is focused on supporting the advancement of women and girls.
Christopher DeRosa Appointed as Business Development Officer for CIT
CIT has named Vice President Christopher DeRosa as business development officer for its commercial-services business.
Mark Bruno Named Managing Director of Wealth Management at Informa Connect
Informa Connect announced Mark Bruno as the managing director of wealth management on May 4.
Shapeways Digital-Manufacturing Software Merges With Galileo to List on NYSE
A definitive merger agreement for a merger transaction has been announced between digital-manufacturing platform Shapeways, Inc., and Galileo Acquisition Corp., the publicly traded special-purpose acquisition company.
Mastercard Supports Women of Color With Multimillion-Dollar Investment
Mastercard announced on April 20 its commitment to help further access to funding for Black women with a multimillion-dollar investment in Fearless Fund, created by women of color for women of color.
Levi’s Raises Outlook After Releasing First Quarter Results
Denim giant Levi Strauss & Co. continues to navigate the fallout from the COVID-19 pandemic. For its first financial quarter of 2021, released April 8, the brand reported net revenues of $1.3 billion, down 13 percent compared to the same quarter the previous year. The decline was attributed to closures of company-operated stores as well as third-party retail locations.
Industry Focus: Finance--Where Should Fashion Businesses Focus for Smart Economic Recovery?
With the world turning over a new, progressive leaf following the COVID-19 pandemic, optimism seems to be on the trend calendar for 2021. As vaccines are distributed to more people, extreme measures of caution are beginning to dissipate as the general public exhibits an increased feeling of safety.
Economic Report Details Pandemic Devastation To California Fashion
A recent report from the Otis College of Art and Design provided details regarding how California’s creative businesses, including fashion, were dealt major setbacks during the spread of COVID-19 and how these industries were faring just before the pandemic.
Former Gap Inc. CEO Files IPO
A little more than a year after exiting specialty-retail giant Gap Inc., Art Peck, the company’s former chief executive officer, is looking to get back into the business.
Moss Adams Evaluates Pandemic World
After a harsh year navigating COVID-19, retailers will be greeted by a robust economy in the third and fourth quarters of 2021, said Frank Kaufman, national practice leader in retail for the accounting and consulting firm Moss Adams.
Tailored Brands Closes $75 Million in New Investments as for Post-Pandemic Plans
Omni-channel specialty menswear retail giant Tailored Brands, Inc., announced its closure of $75 million in new financing as it positions its brands, Men's Wearhouse, Jos. A. Bank, Moores Clothing for Men and K&G Fashion Superstore, for post-pandemic business.
Public Nominations Open for Vans’ Foot the Bill Small-Business Financial-Support Program
Action-sports brand Vans is again showing financial support for the small businesses that have been negatively impacted by the COVID-19 pandemic, as it widens the reach of its Foot the Bill program.
Industry Voices: Finance—Three Financing Must-Dos to Navigate Supply-Chain Disruptions
As global supply-chain disruptions continue to impact the bottom line of businesses across the U.S., the need for apparel companies to be creative, resourceful, and nimble carries unprecedented weight. The industry needs to be diligent in maintaining its customer base and business partnerships while sustaining longer payment terms, a shortage of available materials, and higher costs.
SoundCommerce Closes $15 Million Series A Financing
Continuing its growth within the consumer-retail industry, the data-platform provider SoundCommerce announced $15 million in Series A financing, aligning with its expansion through hiring, platform capabilities and customer engagement.
