UK-based online marketplace OnBuy.com has raised £35m in series A+ funding. This will enable it “to further develop its product offering for both sellers and consumers and importantly, pursue global expansion”.
Buy-now-pay-later lender Klarna has acquired fledgling social shopping platform Hero for around £115 million, according to people familiar with the deal. It will be added to Klarna’s platform of 250,000 retail partners.
A matter of weeks after changing its corporate name to reflect a greater fashion focus, the Birmingham, Alabama-based sportswear retailer has announced the opening of two new locations in North and South Carolina.
Buy-now-pay-later (BNPL) giant Klarna has raised new capital in a deal that not only values it at a massive $45.6bn but gives it a valuation as much as $14bn higher than its last fundraising round as recently as March.
We know having a solid returns policy is important to any fashion business, so how’s yours? A new survey worryingly suggests 82% of UK consumers think retailers in general need to improve their returns capabilities.