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Crocs to outsource manufacturing of clogs, other footwear

Colorado-based footwear company Crocs Inc is closing company-owned manufacturing plants in Italy and Mexico by year's end and replacing its chief financial officer. According to a PTI report: The company announced the outsourcing of additional manufacturing and the closure of...

Walmart buys San-Francisco based online retailer, ModCloth

Walmart, on behalf of Jet.com, has acquired online retailer ModCloth, best known for its vintage-inspired clothing. Walmart had acquired Jet.com The 15-year-old brand is known for its quirky, indie-inflected collection of clothes. ModCloth was founded by high school sweethearts Susan Gregg...

The Power of Niche in E-Commerce

In 2009, Amazon.com acquired Zappos.com, a niche e-commerce company that sells shoes and clothes. Again, in the year 2010, it acquired Quidsi, Inc., which operates Diapers.com, an e-commerce venture that sells baby products. Though Amazon.com is already selling everything,...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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