Bloomberg | By Sarah Halzack
UPDATED ON OCT 01, 2019 01:57 PM IST
The fast-fashion retailer filed for bankruptcy late Sunday, saying it has obtained $350 million in financing to help it stay afloat.
Madrid/New York | By Reuters
UPDATED ON SEP 19, 2019 12:02 PM IST
Rental platforms buy clothing wholesale from brands, but many are introducing revenue-sharing models whereby platforms allow brands to upload items for lease and then take care of cleaning and delivery in return for a share in the revenue.
By Matt Townsend, Bloomberg
UPDATED ON MAR 02, 2019 02:10 PM IST
The Gap brand has struggled as part of a broader slump for brick and mortar retailers, even as the lower-priced Old Navy brand has resonated with discount shoppers.