Fashion startup Atorie just closed a $9.5 million funding round with a simple but bold pitch: sell shoppers the same handbags and clothing that luxury brands offer, made from identical materials and produced in the same factories, minus the steep markup. The rise of affordable luxury fashion as a category is catching investor attention because […]
Suntory Global Spirits, the company behind Jim Beam, has appointed a new chief supply chain officer to lead its worldwide operations. Manuel Cabanas, who has spent more than two decades at the company, will now take charge of manufacturing, distribution, quality, sourcing and overall operations across the organization’s global footprint. The move places a long-tenured […]
Ulta’s latest quarterly results offer a clear signal about where specialty beauty retail is headed. The company posted strong sales and raised its full-year guidance, even as makeup comparisons stayed nearly flat. To keep growing, Ulta appears to be leaning harder into beauty retail exclusivity, positioning itself as the destination for brands and products shoppers […]
A startup founded by a former PG&E engineer just closed a $26 million Series A round to build what its team calls a Google Maps for the underground. The company’s underground mapping software is designed to give utility crews and construction teams a clearer picture of what lies beneath a job site before anyone breaks […]
Advance Auto Parts is taking a hard look at how it moves goods, and the results could reshape its bottom line. Through a carrier contract rebid, the retailer expects to save tens of millions of dollars by squeezing inefficiency out of its transportation network. The move is part of a broader push to tighten supply […]
Sur La Table has entered the resale economy with a new peer-to-peer marketplace called Second Servings, built in partnership with resale technology platform Archive. The move places the kitchenware retailer alongside a growing list of brands that are turning secondhand goods into a formal sales channel rather than treating them as a side effect of […]
Flipboard has acquired Graze, a feed-building startup built on Bluesky’s decentralized network, in a move that pushes open social web monetization further into the spotlight. Graze is known for letting creators and communities build custom feeds while layering in privacy-friendly advertising and monetization tools. By folding Graze into its own ecosystem, Flipboard is betting that […]
Big box retailers are finding new ways to put tariff refunds to work, and the strategies vary widely. Walmart has committed a substantial refund toward price cuts, while Target is preparing for further reimbursements down the line. Meanwhile, Home Depot and Lowe’s are using their returned funds to offset rising costs elsewhere in their operations. […]
Bath & Body Works is doubling down on its retail investment strategy even as quarterly sales cool. The company’s leadership recently confirmed that the coming year will continue to be defined by spending on transformation rather than a pullback, a stance that raises eyebrows in a retail environment where many chains are tightening budgets. For […]
Self-driving truck funding just hit a new milestone. Gatik, a startup focused on short-haul autonomous delivery, closed a $200 million round following its partnership with PepsiCo. The raise, Gatik’s largest to date, was led by Qatar Investment Authority and Koch Disruptive Technologies, two backers with deep pockets and long investment horizons. Why This Self-Driving Truck […]
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