After the aggregators that buy third-party sellers from Amazon to develop them, similar structures are appearing in the Shopify ecosystem, including the German Everstores, which has just raised 18 million euros.
Frasers is doubling down on its efforts to get MySale shareholders to accept its buyout offer as it also says it’s on the verge of owning more than half of the firm’s shares, even though it’s still well below its target.
Friday was a key day for the Nike Connected Partnership programme. Not only did it link up with JD Sports for the UK, but it also partnered with Zalando to give access to Nike member-exclusive products for Europe.
Stockly, the French digital platform that helps e-tailers pool and share inventory to avoid stock-outs, has announced it raised €12 million in capital to expand its staff and bolster its expansion in Europe.
Nike Inc cautioned on Thursday that gross margins would remain under pressure through the year as the company joined peers in warning of a blow from ramped up discounts and a rapidly strengthening dollar.
Struggling Joules is reportedly exploring options for a company voluntary arrangement (CVA) as it seeks to cut its costs and stave off a collapse following the termination of talks for Next to take a stake in the firm.
Seamm, a start-up digitising fashion goods for virtual worlds, has raised $1.7 million in funding “to scale go-to-market activities, attract and hire top talent, and accelerate the development of its platform”.
Pre-loved luxury designer goods etailer Open For Vintage is set to grow with new backing supporting its bid to take advantage of a booming high-end resale market. It has raised €1.25 million (£1.13 million).