The founder and owner of luxe cashmere lifestyle brand The Elder Statesman started his line in 2007 with a cashmere blanket, then not only soldiered on through the recession with items retailing in the thousands of dollars but also grew into a ready-to-wear, accessories, eyewear and kids clothing brand.
“I can’t believe I’m standing here. Is this really my store?” Sophia Amoruso asked the circle of Nasty Gal staffers who were surrounding her two days before her first brick-and-mortar opening today at 8115 Melrose Avenue. “It’s magical.”
By: Marcy Medina. Source: WWD
Zady has a new “Sourced In” initiative to speed up the apparel industry’s standard for supply chain transparency. The initiative is meant to go beyond the “Made In…” tag found on apparel, and is aimed at pushing brands to disclose every level of their product supply chain.
By: Vicki M. Young. Source: WWD
Toronto-based startup Rent frock Repeat, a designer dress rental service, has raised $1.15-million in a funding round led by two Otttawa-based female angel investors.
By: Armina Ligaya. Source: Financial Post
PSFK caught up with Soraya Darabi and Maxine Bedat, founders of Zady, to discuss some of the key ideas to look out for in the Future of Retail
By: PSFK Labs
New wave surfwear labels such as Saturdays and Cuisse de Grenouille are rising from the rubble of the ‘big three’ surf brands.
By: Lauren Sherman. Source: Business of Fashion
There are already a gabazillion flash sale sites and apps available, but the Berkeley, California-based founders of Peach App believe that there is still room for innovation in the world of online impulse buying.
By: Catherine Shu. Source: TechCrunch
Wedding planning marketplace Loverly has now officially announced a raise of $3.5 million in Series A funding. We reported that talks were in the $2.5 million range last April. It has since added more investors, bumping it up another million.
By: Sarah Buhr. Source: TechCrunch
Crest & Co., the e-commerce destination for the one percent, will move into physical retail for the first time this week — in case consumers were growing weary of buying Lalique and Jean-Michel Jarre’s $25,000, limited-edition speaker system online.
By Rachel Strugatz. Source: WWD