Technology: Page 2


  • Four people stand for a professional headshot.
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    Courtesy of TrusTrace
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    TrusTrace lands $24M growth investment

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

    By Jan. 18, 2024
  • A crowd of spectators raise their cell phones to record the events taking place at the Concept Korea fashion show during New York Fashion Week.
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    Arturo Holmes via Getty Images
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    Deep Dive

    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
  • A model stands against a blank white background wearing a floor-length black coat.
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    Retrieved from Courtesy of Balenciaga on January 09, 2024
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    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 Jan. 9, 2024
  • A Rent the Runway sign is pictured.
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    Michael M. Santiago/Getty Images via Getty Images
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    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 Jan. 9, 2024
  • Sedef Uncu Aki poses for a professional headshot.
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    Courtesy of Gozen
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    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 Jan. 3, 2024
  • Zulily's webpage
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    Courtesy of Zulily
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    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
  • A pile of pulp from textile recycling firm Renewcell sits against a dark background.
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    Courtesy of Renewcell
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    Renewcell secures $9.8M in short-term funding

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

    By Dec. 21, 2023
  • A brand image of Reebok and Futureverse's campaign
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    Courtesy of Reebok, Futureverse
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    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
  • Young woman online shopping using the laptop at home
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    FG Trade via Getty Images
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    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 Dec. 19, 2023
  • People walk past the exterior of a Timberland storefront.
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    Matthew Eisman/Getty Images for Pandora Media via Getty Images
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    VF Corp. reports stolen data from cybersecurity incident

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

    By Dec. 18, 2023
  • Image shows interior storefront of Coupang featuring neon displays.
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    Courtesy of Coupang
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    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 Dec. 18, 2023
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    Kendall Davis / Supply Chain Dive
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    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
  • An augmented reality storefront for Farfetch
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    Courtesy of Farfetch
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    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 Dec. 13, 2023
  • A promotional images shows several models posing in a gym wearing recycled clothing designed by Andrew Burgess for Puma.
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    Courtesy of Puma
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    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
  • An Amazon delivery van made by Rivian sits in a neighborhood.
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    Courtesy of Amazon
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    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
  • Three mannequins are pictured in a New Look store window display.
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    Ben Pruchnie/Getty Images via Getty Images
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    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 Nov. 28, 2023
  • Adore Me lingerie
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    Permission granted by Adore Me
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    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
  • A person sees themself in three mirrors wearing different clothing. The person is holding a cellphone.
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    Courtesy of Temu
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    Temu granted injunction against alleged ‘dupe’ websites

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

    By Nov. 22, 2023
  • Two pairs of black and white Adidas Sambas sneakers sit side by side unlaced on a wood floor.
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    Tim P. Whitby via Getty Images
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    Running, heritage shoes are the fastest-growing on sneaker resale market: report

    StockX says Adidas, New Balance and Nike saw increased searches and trades last quarter.

    By Nov. 20, 2023
  • A close up of a person's high heel shoes, showcasing Louboutin's signature red sole.
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    Pascal Le Segretain/Getty Images via Getty Images
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    Christian Louboutin, Meta launch legal complaint against alleged counterfeiter

    The companies claim Louboutin’s trademarks were violated, including its red sole mark, which has been the subject of previous legal disputes.

    By Nov. 17, 2023
  • An aerial view of REI's new distribution center in Tennessee.
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    Courtesy of REI
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    REI opens Tennessee distribution center to support 60-plus stores

    The 400,000-square-foot center in Lebanon is equipped with technology to improve picking efficiency, a spokesperson said.

    By Kelly Stroh • Oct. 16, 2023
  • A person is seen holding one of Bolt Threads' materials in a dish.
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    Retrieved from Bolt Threads on October 05, 2023
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    Bolt Threads plans to go public via SPAC

    The announcement comes after the company struggled to raise funds for the production of its mushroom leather alternative.

    By Oct. 5, 2023
  • An aerial view of shipping containers on a ship docked at the Port of Oakland in Oakland, California.
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    Justin Sullivan via Getty Images
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    Deep Dive

    5 ways fashion brands can reset their supply chain strategies

    Port disruptions, labor negotiations and other shipping industry upheavals have forced apparel companies to develop new solutions to enduring challenges.

    By Howard Ruben • Oct. 4, 2023
  • Francis Thrower is pictured for a professional headshot.
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    Courtesy of Worldly
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    Worldly names Francois Thrower as CFO

    The hire follows the platform’s recent name change and the acquisition of Fair Factories Clearinghouse.

    By Sept. 29, 2023