Foot Locker has made a strategic investment of $15 million in Series A funding in luxury women's active marketplace Carbon38. Brands sold on the site include Alo Yoga, Adidas by Stella McCartney, and Beyoncé's Ivy Park.
The San Diego-based brand has hired beauty industry veteran Kim Magee as its new Vice President of Sales. Magee brings 15 years of retail-focused experience from Estée Lauder's Too Faced Beauty, Coty and LVMH.
The H-Farm-developed social shopping app has secured $20 million in funding as it aims to consolidate its operations in the United States, a market where the platform has significant expansion potential.
Carrefour’s new CEO pledged to slash costs, step up investment in e-commerce and open up the capital of Carrefour China to local investors, as part of a plan to boost growth at the world’s second-largest retailer.
Plus size and menswear growth, a US sales surge, and good online sales drove omnichannel retailer N Brown to a pleasing Q3 and record-breaking Christmas period. And a new Zalando deal should drive sales even higher.
Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.