Poshmark Exiting Overseas Markets to Focus on US
October 24, 2023 : Poshmark, a social commerce marketplace for secondhand fashion, is exiting the international markets of India, Australia, and the UK to focus on its North American business. The company announced the decision in a blog post on October 19, 2023.
Integration of Technology into Baby Bottles to Drive Demand in the Baby Bottle Market
October 23, 2023 : The baby bottle market is expected to grow at a significant CAGR in the coming years, driven by a number of factors, including the increasing integration of technology into baby bottles.
Metro Retail Stores Group, Inc. Announces Board Appointments
October 23, 2023 : Metro Retail Stores Group, Inc. (MRSGI), a leading retailer in the Philippines, announced on October 23, 2023, the appointment of two new members to its Board of Directors
Victoria’s Secret and Pink Launch Adaptive Intimates for People with Disabilities
October 20, 2023 : Victoria’s Secret and Pink have launched adaptive intimates for people with disabilities. The new line features bras, panties, and period underwear with magnetic closures, sensory-friendly fabrics, and fully adjustable and convertible front straps. The line is available in various colors and sizes and is designed to be comfortable and stylish for all body types.
Fashion Wholesale Platform Joor Raises US$25 Million to Boost Growth and Innovation
October 20, 2023 : Joor, a digital wholesale platform for the fashion industry, has raised US$25 million in funding led by Brightwood Capital and Tamarix Capital Partners. Existing investors Macquarie Capital, Battery Ventures, and Canaan Partners also participated in the round.
AI Retail Management Company RETAILIGENCE Plans Global Expansion After Record Growth
October 17, 2023 : RETAILIGENCE, a specialist provider of AI-driven retail category management solutions, has announced plans for a major global expansion following record growth, with revenues reaching over 2500 percent since its launch in 2019.
French Fashion Brand Maje Launches Resale Platform in the US with Archive
October 17, 2023 : French fashion brand Maje has partnered with resale platform Archive to launch its first resale platform in the United States. The “Maje Secondhand” platform allows customers to sell and buy pre-loved Maje clothing.
Adobe Releases Digital Dress at MAX 2023, Ushering in a New Era of Fashion
October 16, 2023 : In a groundbreaking move, Adobe has unveiled a digital dress at its MAX 2023 conference. The dress, dubbed “Project Primrose,” features a flexible textile display that can instantly morph its shapes and designs. This marks a departure from conventional fabric, which is limited in its ability to change form.
Netflix to Launch Retail Stores in 2025
October 16, 2023 : Netflix, the world’s leading streaming entertainment service, plans to launch retail stores by 2025. The stores will sell merchandise related to Netflix’s original shows and movies, as well as offer experiences and events for fans.
EU Gas Retail Prices Decline in First Quarter but Remain Elevated
October 13, 2023 : According to a recent report from the European Commission, average monthly gas retail prices in the European Union decreased steadily during the first three months of 2023. Still, prices remained above historical levels and varied widely across member states.
