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 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.
Mothercare may have had a weak Christmas but rival Mamas & Papas fared much better. The retailer said this week that sales rose 2.7% in the six weeks to January 13 and that it saw record sales through its stores.
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.