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Poshmark Bags $87.5 Million in Series D Funding, Focuses on Expanding into New Categories

Today, Poshmark, the largest social marketplace for fashion where anyone can buy, sell and share their style with others, announces $87.5 million in Series D funding led by Temasek, an investment company headquartered in Singapore, bringing the company’s total funding to nearly $160 million.  In addition to the new round of financing, Poshmark is introducing its latest product innovation, Poshmark Stylist Match, an in-app social styling …

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The RealReal Opens First Retail Consignment Space in New York City

The RealReal, a luxury consignment company, announces the opening of their first retail and consignment space located at 80 Wooster Street in SoHo, New York. The store is open from Monday through Saturday, 11 a.m. to 8 p.m., and Sunday, 12 p.m. to 6 p.m. The 6,000 sq. ft. space contains a concept store highlighting The RealReal’s knowledge and expertise …

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L2’s Digital IQ Index: Fashion 2017 Report

L2’s Digital IQ Index provides information on the digital performance of 90 fashion brands which operated in the United States. The report includes best practices and digital strategies to allow fashion brands to be educated in online luxury in order keep up with the changing, digital age of Millennial luxury fashion consumers. The Index examines both a brand’s strengths and …

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Mastercard Moves Toward the Future with New Augmented Reality Shopping Experience

Mastercard, a technology company in the global payments industry, has recently unveiled its augmented reality shopping experience which incorporates Masterpass and Identity Check Mobile, with iris authentication to allow for quick and protected payments. This new shopping experience was developed with Qualcomm Technologies, Inc, a subsidiary of Qualcomm Incorporated, and Osterhout Design Group to provide consumers with a customized and …

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