FINANCE
Tukatech and UV Stacks Launch Made-to-Order Division Through Gaiabay
By Dorothy Crouch, Contributing Writer | November 27, 2024
Los Angeles fashion-technology firm Tukatech and India’s UV Stacks have entered into a partnership through which the companies launched a Made-to-Order division of global marketplace Gaiabay.
Industry Focus: Finance--Where Should Fashion Businesses Focus for Smart Economic Recovery?
With the world turning over a new, progressive leaf following the COVID-19 pandemic, optimism seems to be on the trend calendar for 2021. As vaccines are distributed to more people, extreme measures of caution are beginning to dissipate as the general public exhibits an increased feeling of safety.
Economic Report Details Pandemic Devastation To California Fashion
A recent report from the Otis College of Art and Design provided details regarding how California’s creative businesses, including fashion, were dealt major setbacks during the spread of COVID-19 and how these industries were faring just before the pandemic.
Former Gap Inc. CEO Files IPO
A little more than a year after exiting specialty-retail giant Gap Inc., Art Peck, the company’s former chief executive officer, is looking to get back into the business.
Moss Adams Evaluates Pandemic World
After a harsh year navigating COVID-19, retailers will be greeted by a robust economy in the third and fourth quarters of 2021, said Frank Kaufman, national practice leader in retail for the accounting and consulting firm Moss Adams.
Tailored Brands Closes $75 Million in New Investments as for Post-Pandemic Plans
Omni-channel specialty menswear retail giant Tailored Brands, Inc., announced its closure of $75 million in new financing as it positions its brands, Men's Wearhouse, Jos. A. Bank, Moores Clothing for Men and K&G Fashion Superstore, for post-pandemic business.
Public Nominations Open for Vans’ Foot the Bill Small-Business Financial-Support Program
Action-sports brand Vans is again showing financial support for the small businesses that have been negatively impacted by the COVID-19 pandemic, as it widens the reach of its Foot the Bill program.
Industry Voices: Finance—Three Financing Must-Dos to Navigate Supply-Chain Disruptions
As global supply-chain disruptions continue to impact the bottom line of businesses across the U.S., the need for apparel companies to be creative, resourceful, and nimble carries unprecedented weight. The industry needs to be diligent in maintaining its customer base and business partnerships while sustaining longer payment terms, a shortage of available materials, and higher costs.
SoundCommerce Closes $15 Million Series A Financing
Continuing its growth within the consumer-retail industry, the data-platform provider SoundCommerce announced $15 million in Series A financing, aligning with its expansion through hiring, platform capabilities and customer engagement.
Post-COVID Recovery Needs To Include People of Color, LAEDC Said
With COVID-19 vaccines being rolled out, economists are charting what happens after one of the most dramatic economic shocks in American history.
Simon Property Group CEO Remains Bullish on 2021
After a year when its business was battered by stores shuttering and temporary mall closures, the shopping-center giant Simon Property Group on Feb. 8 reported results for its fourth-quarter and year-end revenues.
Industry Focus: Finance—How Can Factoring Services Aid Apparel-Business Recovery?
Entering 2021, the apparel industry can see a bit of hope as businesses look toward maintenance and recovery from a tumultuous year. As apparel businesses examine their next steps while outlining new financial plans, they often look for guidance from experts.
Biden Proposes New COVID-19 Lifelines
Before becoming the 46th United States president, Joe Biden unveiled the American Rescue Plan on Jan. 14, a proposed $1.9-trillion program that his incoming administration said will put the U.S. economy back on its feet after 10 months of the COVID-19 pandemic.
Shopify Shares Surge 177.6 % During 2020
One of the digital companies that reported a robust performance during holiday 2020 was multichannel e-transaction focused platform Shopify.
Businesses Chart Next Steps After Congress Approves Stimulus Bill
After months of wrangling, Congress passed a $2.3 trillion COVID-19 relief stimulus bill Monday, which will include $600 checks sent to individuals earning less than $75,000 annually and a second round of payment protection plan funds for small businesses.
Consumer Sentiment More Optimistic, Recent Surveys Report
Confidence in the U.S. economy is growing, according to a couple of recently released surveys.
