Just as inflation ravages the big guns of U.S. apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America.
Business-to-business retail e-commerce platform Soptle has raised funds in an angel round led by Soonicorn LLP and will use the capital to expand its distribution network and products and grow its team.
Clothing and footwear brand Woodland has launched a sub-brand named ‘A Skating Monk’ and plans to open between eight and nine flagship stores for the label. Woodland also plans to open a number of large format stores.
Future Lifestyle Fashions Ltd (FLFL) reported a consolidated net loss of Rs 136 crore ($17 million) in the April-June quarter, as against Rs 348 crore it posted in the corresponding quarter a year ago.