Premium trainers business The Edit LDN is targeting a £30 million valuation during 2022 after saying its sales have been rising by 60% month-on-month lately. And it’s raising new finance to expand further.
Harrods is the latest major name to enter the rental space and, like others, the company is teaming up with a fashion rental specialist in order to do it. The company is linking with My Wardrobe HQ on the move.
The fashion retailer achieved net sales of $345.8 million in the first quarter, up 64% from $210.3 million in the same period in the previous year, growth that meant the company was able to significantly cut its loss.
It’s a name change that’s part of a game change. Already claiming to be the UK’s leading online store for limited edition sneakers and high-end streetwear, The Edit Man London has changed its name to The Edit LDN.
Joules has released its Christmas campaign with an animation called A Woodland Tale. It links to the brand’s new partnership with the Woodland Trust and comes with its Woodland Edit, a curated collection of products.
Joules announced on Tuesday that customer traffic to its online store has been running ahead of its revised expectations and it continues to see strong levels of customer engagement with the brand via social media.