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Today’s Retail News

Target Announces New Partnership with REVOLT

Leading Black-owned multimedia platform REVOLT partnered with retail giant Target to co-create a groundbreaking series called “Bet on Black.”

Luxury Resale Platform Rebag Announces $33M in Series E Funding

Rebag, a luxury resale platform specializing in handbags, has announced that it raised $33 million in a Series E funding round, bringing the company’s total funding to $101 million.

L'Oréal acquires Youth to the People

L’Oréal, the French beauty giant, announced it has signed an agreement to acquire the California-based skincare company Youth to the People.

Ralph Lauren Corporate Foundation Provides $2M for Black Students

The Ralph Lauren Corporate Foundation has announced a $2 million commitment to support scholarships for Black, African, and African American students.

Wholesale Fashion Industry Sees Strong Momentum in Digital Commerce

JOOR, a leading digital wholesale platform in the global fashion industry, has reported impressive growth in its 2021 end-of-year figures.

The Global Luxury Pen Market is expected to grow by 5%

A new trend report from Reportlinker.com announces the release of the report “Global Luxury Pen Market 2021-2025 on the luxury pen market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

NIKE, Inc. Acquires RTFKT, Leading creators of virtual sneakers, NFT Collectibles

NIKE, Inc. (NYSE: NKE) today announced the acquisition of RTFKT, a leading brand that leverages cutting edge innovation to deliver next generation collectibles that merge culture and gaming.

Cartier Launches ASPIRE Retail Management Program for Leadership Careers

Cartier launches new ASPIRE Retail Management Program is a two-year bespoke program for talented international individuals who want to join a global community passionate about starting a career in retail.

Sephora 2022 Accelerate Brand Incubator Program

Today, Sephora announced the participants for its 2022 Accelerate brand incubator program, with a new group of 10 BIPOC brand founders to provide retail resources.

Burberry Supports displaced Afghan refugees in new partnership

As part of Burberry’s commitment to helping displaced Afghan refugees, Burberry is supporting Breaking Barriers, an organisation assisting them with finding employment in the UK.

Selfridges set to be sold to Thai conglomerate for up to £4bn

Selfridges, the iconic British luxury department store, has been sold to a joint venture between Thailand’s Central Group and Austrian real estate group Signa Holding.

The World’s Largest Valentino Beauty Store launches In China

Valentino Beauty, a luxury cosmetics brand licensed by L’Oréal Group, has made a grand entrance into the Chinese market with the launch of its first and the world’s largest store in Shanghai at XinTiandi on December 10, 2021.

Burberry Opens New Flagship Store In Shanghai

The iconic British luxury brand, Burberry has recently opened a new flagship store in Shanghai, China, located at Plaza 66.

Centric Brands and WHP Global Partner to Acquire Joe’s Jeans

Centric Brands and WHP Global have recently announced their partnership to acquire the popular denim brand, Joe’s Jeans.

SOS Raises $3.4 Million in Funding to Expand Smart Vending and Digital Marketing Platform

SOS, a female-founded creator and operator of interactive vending machines delivering premium products and digital content in public spaces, including Fenway Park, FLA Live Arena, Prudential Center, and Boston Children’s Hospital, has raised $3.4 million in funding.

e.l.f. Beauty Reduces More Than One Million Pounds of Packaging Materials

e.l.f. Beauty is proud to announce it has eliminated more than one million pounds of packaging materials through its Project Unicorn initiative.

REVOLVE Launches Brand Ambassador Program

In 2021, REVOLVE, a next-generation fashion retailer for Millennial and Generation Z consumers, launched its innovative Brand Ambassador Program.

LTK formerly rewardStyle Raises at a $2 Billion Valuation

LTK, formerly known as rewardStyle and LIKEtoKNOW.it, is a pioneer in the creator economy and the largest global influencer marketing platform.

River Island launches at The Bay in Canada

A renowned British fashion brand, River Island, expanded its presence in North America by launching online in the US and Canada.

The RealReal reported a 56% increase in revenue

The RealReal, the world’s largest online marketplace for authenticated luxury resale goods, has demonstrated remarkable resilience and growth despite the challenges posed by the COVID-19 pandemic.