Startups

George Zimmer Takes On Men’s Wearhouse With Tuxedo Startup
September 16, 2015 at 11:54 am

Last year, George Zimmer was ousted from Men’s Wearhouse, the company he founded. His latest startup, an online tailoring platform, isn't doing so well. But now, Mr. Zimmer is sure he has a winner. On Tuesday, the graybeard ambassador of affordable suits unveiled his newest venture, Generation Tux, a website for tuxedo rentals.  

Is Kickstarter Always the Right Choice?
August 25, 2015 at 11:51 am

Kickstarter has become almost synonymous with crowdfunding: “Are you planning to kickstart that?” or “I’m thinking of kickstarting a new project.” Exploding on the scene in 2009, Kickstarter has housed some of the most successful crowdfunding campaigns in history and, in turn, has contributed largely to the standardization and expectation surrounding this relatively new method…

Honest Company Closes $100M Round of Financing
August 14, 2015 at 9:22 pm

The Honest Company, the nontoxic household products startup cofounded by actress Jessica Alba, announced on Friday that it had closed $100 million in Series D financing. This latest round values the company at upwards of $1.7 billion, as The Wall Street Journal first reported. It also catapults Alba into a rarefied club. The movie star-turned-mogul…

Former J.C. Penney CEO Raises $50M for his E-Commerce Startup
August 6, 2015 at 3:02 pm

Ron Johnson, who was a star as Apple's retail chief but fizzled at J.C. Penney, is finding some deep-pocketed believers for his latest act. Enjoy, Johnson's e-commerce startup that launched in May, just raised $50 million in funding, its second round in just 10 months. He has now raised a total of $80 million. Enjoy…

Former Jos. A. Bank Executives Launch Men's Apparel Brand
July 22, 2015 at 2:25 pm

Several former executives of Jos. A. Bank Clothiers Inc. plan to launch a retail brand that will be based in Maryland and sell classically styled men's apparel for business professionals. Plans call for menswear retailer Wilkes & Riley to open online in November and expand with stores, most likely after the first couple of years,…

eBay Buys Secondhand Clothing Startup Twice
July 21, 2015 at 2:02 pm

E-commerce giant eBay has acquired secondhand clothing seller startup Twice, Re/code reported Monday. Twice, one of Inc. Magazine’s 30 under 30 companies this year, allows sellers to ship a box of clean used clothes to the company. Twice offers a single price for the entire contents of the box and if the sellers accept, the…

Ben Kaufman on Why Quirky Failed
July 17, 2015 at 2:03 pm

Quirky, a 2012 startup darling that burned through about $150 million in investment by 2015 and had to layoff about 20 percent of its staff, has figured out its next move, CEO Ben Kaufman says. And he's hopeful he'll land a fresh round of funding to help him, he told attendees at the Fortune Brainstorm…

Game Changers: MaryAnn Bekkedahl, President and Co-Founder, Keep
June 1, 2015

Abandoned shopping carts are quite simply costing retailers money. This is a problem that doesn’t play favorites; no online retailer is spared from the plague that are abandoned shopping carts. Well, all except for one. A new mobile fashion app and website is seeking to end the maddening practice — at least for retailers — of consumers filling their carts with product, proceeding to the checkout page and then summarily leaving without making a purchase.

Game Changers: Katrina Lake, Founder and CEO, Stitch Fix
June 1, 2015

Say you’re a busy woman who doesn’t have time to shop for clothes. Wouldn’t it be great if you had a personal stylist who mailed you five pieces of clothing, specifically chosen for you, and you were given the option to buy what you liked and mail back what you didn’t in a prepaid envelope? Sounds like a dream come true, right? Well, that’s the business model behind Stitch Fix, a San Francisco-based startup that’s equal parts technology and retail, and has largely grown by word-of-mouth from women who love the service.