fashion

The Guardian view on Boohoo and fast fashion: no quick fix

For anyone hoping that bad publicity surrounding Boohoo, the online clothes retailer, over recent months, would harm its business, last week’s figures came as a disappointment. Pre-tax profits at the group, founded in 2006 by Carol Kane and Mahmud Kamani, jumped 51% to £68.1m in the six months to 31 August. Sales surged to £816.5m. Without talking to Boohoo’s customers, it would be rash to draw conclusions about why reports of appalling labour practices by the company’s suppliers in Leicester have not changed their shopping habits. What can be safely assumed is that people aiming for improvements cannot leave it to consumers to drive them.



graphical user interface, website: Photograph: Bloomberg/Getty Images


© Provided by The Guardian
Photograph: Bloomberg/Getty Images

This should not come as a surprise. Fair and ethical trading initiatives are important. Over time it is to be hoped that more people, including the 16-30 age range targeted by Boohoo, will become more curious about

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model

Coralogix Raises $25M To Fix Observability Pricing Model

SAN FRANCISCO, Sept. 30, 2020 /PRNewswire/ — Coralogix today announced it has raised a $25 million Series B funding round, bringing the company’s total amount raised to $41.2 million. New investors Red Dot Capital Partners and O.G. Tech Ventures (backed by Eyal Ofer) co-led the round with participation from existing investors Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels. Barak Salomon of Red Dot Capital partners and Roy Oron of O.G. Tech Partners will join the board of directors.

Coralogix also announced today the launch of ‘Streama’, its real-time analytics solution. The new release challenges the cost model of observability by allowing customers to pay according to data priority instead of solely on volume. By re-engineering the Elasticsearch engine, Coralogix is able to offer queries, alerts, and its ML capabilities without the use of storage. 

“Over the last few years, companies have had to forgo

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shopping

Stitch Fix Falls as Amazon Expands Personal Shopping to Men

Stitch Fix  (SFIX) – Get Report shares fell Tuesday after Amazon.com expanded its personal shopping platform to include men’s fashion.

Stitch Fix recently traded at $27.07, down 1.56%. The stock has risen 5% year to date.

Amazon’s move is a direct shot across the bow at Stitch Fix, a titan in the online personal shopping arena. Amazon’s service is available on mobile devices only for U.S. Prime customers. It’s called Personal Shopper by Prime Wardrobe, and was introduced for women’s fashion in July 2019.

Customers pay $4.99 a month, and in exchange will receive a parcel every month of up to eight items. The package includes personalized clothes meant to meet their style and budget tastes listed in an introductory survey.

Shipping is free, and customers have a seven-day window for returns.

Stitch Fix’s pricing model is a $20 styling fee whenever a customer asks for a new

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