People
Justin Berkowitz joins NN.07 as a strategic partner
Copenhagen-based menswear brand NN.07 has named Justin Berkowitz, the former men’s fashion director of Bloomingdale’s, as its strategic partner in the US to oversee the opening of its first flagship in the American market. The move is part of NN.07’s continued international expansion plans with branded spaces and flagship stores in Europe and...
Business
ThreadUp narrows losses in Q1, sales rise
Online resale platform ThredUp reported first quarter revenue of 79.6 million dollars, an increase of 5 percent year-over-year. Gross profit for the quarter totaled 55.3 million dollars, up 8 percent, while gross margin rose to 69.5 percent. Net loss contracted to 16.6 million dollars or a negative 20.8 percent, while adjusted EBITDA loss...