Startups

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…

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…

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,…

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…

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…

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.

What’s the story with STORY, a 2,000-square-foot retail store in New York City that takes the viewpoint of a magazine, changes like a gallery and sells product like your standard brick-and-mortar store? And how did company founder Rachel Shechtman come up with the game-changing concept?

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.

Shortly after graduating college, entrepreneur Vishaal Melwani experienced a pivotal moment in his career: he walked into a Men’s Wearhouse in New York City.