raising

How Technology Is Raising the Bar on Retail Responsibility and Experience

In a relatively short space of time, technology has transformed the retail industry inside and out. The internet, cloud, connectivity, eCommerce, mobile, big data and analytics have led to new commerce and marketing channels and redefined retail supply, distribution and management.   Technical innovation has shortened buying cycles, globalized even the most niche markets, and prompted entirely new shopping trends and behaviors. Every retail function is enriched with a continuous stream of data, to build better practices, closer customer relations and…

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Vinted considers raising 200 million euros

Secondhand fashion platform Vinted is considering a secondary share sale, worth more than 200 million euros. The platform, which is currently operating at a loss, is looking into its capital structure. This means that is currently not planning an IPO. In 2021, the Lithuanian secondhand fashion marketplace made 118 million euros in losses. In May that year, it raised 250 million euros in growth capital from investors. The company was then valued at 3.5 billion euros. Revenue growth of 51%…

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Asos is raising 80 million pounds

British fashion platform Asos has successfully raised 75 million pounds (86.7 million euros) from institutional investors. Additionally, it has launched an equity raise of 5 million pounds (5.8 million euros) from retail investors. With the capital injection, the company wants to improve stock control and reduce costs. On May 10th, the fashion retailer released its interim results for the six months to February 28th of this year. It had made a loss of 291 million pounds (336.4 million euros), as…

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PayPal Giving Fund celebrates raising $200m for Australian charities

E-commerce PayPal Giving Fund says it has now raised $200 million to support Australian charities since launching the initiative in 2018. The fund allows partner programs to support thousands of Australian charities through digital fundraisers, microdonations at checkout, employee giving programs, and other initiatives. The organisation, in collaboration with partners such as PayPal, Meta, GoFundMe, Humble Bundle, and Catalyser, assists charities in reaching and interacting with new audiences and integrating giving into daily life. Eligible charities can join the community…

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