10 retail trends to watch in 2024

Step into 2024's retail revolution: AI-driven experiences, DTC in stores, sustainability surge and nostalgic fashion resurfaces. Adapt or fade away…

Feb. 12, 2024

Prada reclaims top spot on Lyst Index

Miu Miu fell to second place on the quarterly report, while Ugg returned to the top-20 brand category and The Row made its first appearance.

By Lara Ewen • Feb. 6, 2024

Coupang completes acquisition of Farfetch

The $500 million deal, initially announced in December, was threatened last week by Farfetch bond holders seeking to recover their investment in the luxury e-commerce firm.

By Lara Ewen • Jan. 31, 2024

Farfetch deal with Coupang threatened by ad hoc investor group

The noteholders, who collectively hold more than half of the luxury e-commerce platform’s 2027 bonds, say they’re seeking options that would allow them to recover their funds.

By Lara Ewen • Updated Jan. 30, 2024

Under Armour, Celanese develop spandex alternative

The companies partnered on Neolast, a high-performing alternative to elastane — a fiber that gives apparel stretch.

By Tatiana Walk-Morris • Jan. 26, 2024

Textile tech brand Repreve introduces yarn made from plastic bottles

The fiber, called Recomfort, is designed to to be pill-resistant and feel like traditional cotton, acrylic and rayon.

By Howard Ruben • Jan. 25, 2024

TrusTrace lands $24M growth investment

The traceability platform will use the money to boost its global expansion strategy.

By Laurel Deppen • Jan. 18, 2024

7 fashion industry trends to watch in 2024

The coming year will bring fast fashion battles, more mergers and acquisitions, an evolution of luxury and a presidential election, and that’s just for starters.

By Laurel Deppen and Lara Ewen • Jan. 12, 2024

Biomaterials firm backed by Kering raises 11 million euros

Mogu Srl has completed Series A funding and plans to launch a demo production plant, expand its team and increase its research and development efforts.

By Lara Ewen • Jan. 9, 2024

Rent the Runway to cut 10% of its corporate workforce, COO resigns

The designer rental service is launching a restructuring plan, which it says will result in $11 million to $13 million in annualized run rate cash savings.

By Laurel Deppen • Jan. 9, 2024

Leather alternative startup names new chief product officer

Gozen, which recently closed a $3.3 million funding round, named Sedef Uncu Aki to the position.

By Laurel Deppen • Jan. 3, 2024

Zulily goes out of business, plans to liquidate

The retailer has entered an assignment for the benefit of creditors, an alternative to bankruptcy, after seven months under private equity ownership. 

By Nate Delesline III • Jan. 3, 2024

Renewcell secures $9.8M in short-term funding

The new capital comes after the textile recycling firm reported underperforming Q3 sales.

By Lara Ewen • Dec. 21, 2023

Reebok, Futureverse partner to launch metaverse experience in 2024

“Reebok Impact” is intended to broaden the ways consumers interact with the brand's products, from its apparel to its footwear.

By Xanayra Marin-Lopez • Dec. 21, 2023

With website down, Zulily’s future in doubt

The e-commerce retailer's website is currently "down for maintenance," following layoffs.

By Nate Delesline III • Dec. 20, 2023

Farfetch and Coupang deal has consequences for luxury, e-commerce: analysts weigh in

The newly announced acquisition deal may signal a new path forward for the struggling platform, but challenges remain.

By Lara Ewen • Dec. 19, 2023

VF Corp. reports stolen data from cybersecurity incident

The attack last week has impacted the apparel conglomerate’s ability to fulfill orders.

By Laurel Deppen • Dec. 18, 2023

Farfetch to be acquired by Coupang in a $500M deal

As a result, Farfetch will be delisted from the NYSE, and its agreement to buy YOOX Net-a-Porter from Richemont has been terminated.

By Lara Ewen • Dec. 18, 2023

Shein, Temu drive 5% air freight spike in November

Shipments from the fast fashion companies are frequently dominating export routes from China and Hong Kong, according to Xeneta’s chief airfreight officer.

By Kelly Stroh • Dec. 18, 2023

Farfetch gets Moody’s downgrade

The financial firm gave the luxury e-commerce platform a rating of “poor standing” and “subject to very high credit risk” following the company’s cancellation of its Q3 earnings call.

By Laurel Deppen • Dec. 13, 2023

Puma expands its textile-to-textile polyester recycling program

The company said its Re:Fibre technology would be used to create most of its club and federation replica jerseys in 2024.

By Howard Ruben • Dec. 11, 2023

Amazon cuts referral fees for some apparel sellers

The retailer said the changes are meant to improve the speed of delivery and reduce total costs to serve.

By Nate Delesline III • Dec. 8, 2023

TrusTrace partners with UK apparel retailer on supply chain software

New Look will use TrusTrace’s tech to help reach some of the company’s sustainability goals, which include reaching net-zero by 2040.

By Laurel Deppen • Nov. 28, 2023

Adore Me launches sustainability accelerator

The Victoria's Secret-owned lingerie brand is working with four startups on technology to lessen the impact of manufacturing processes.

By Dani James • Nov. 22, 2023

Temu granted injunction against alleged ‘dupe’ websites

The order prevents the websites from using the fast fashion giant’s name and color scheme.

By Laurel Deppen • Nov. 22, 2023