In December 2021, Nike acquired collectible sneaker retailer and NFT platform RTKFT, co-founded by Benoit Pagotto. Nike now leads the metaverse fashion sector with $185 million in NFT sales.

Among companies driving fashion’s circular economy is Finland-based materials company Spinnova, with Janne Poranen at the helm. This year, Poranen led partnerships with Adidas and Marimekko to create quality garments out of wood pulp.

Twelve-year old On Holding AG, founded by Olivier Bernhard and backed by Roger Federer, entered its IPO in September 2021 with a $6 billion valuation. For 2022, it’s projecting net sales of $1.1 billion.

Fanny Moizant leads Vestiaire Collective, one of the largest players in global luxury resale with a $1.79 billion valuation. After acquiring American competitor Tradesy in March, the company counts the U.S. as its largest market.

Streetwear retailer Culture Kings opened an experiential, 14,000-square-foot store in Caesars on the Las Vegas strip on Friday. The x-year-old, x-based company, which earned nearly $200 million in 2021 revenue, is prioritizing a "retail-tainment" approach to physical retail.

Indian-based Ayurvedic beauty brand Forest Essentials is launching its first store in London today. 

Roblox has sold over a billion digital fashion items in 2022, and that trajectory doesn’t appear to be slowing down. In fact, for its key demographic of Gen Z, the interest in dressing up and customizing avatars is higher than ever.

In September, the British pound dropped against the dollar for the first time in 37 years. While the currency has stabilized somewhat since the appointment of Rishi Sunak as prime minister on Tuesday, the retail sector in the United Kingdom has had a particularly tough time balancing sales in a...

Claire’s launched on Roblox on Wednesday with Shimmerville, an interactive experience that features homes, cars, pets and retail jobs. That's on top of outfits and accessories, which are popular entry points for fashion brands launching on the platform. The featured Shimmerville pets and other accessories will also be available in...