Business
AI-powered mmERCH secures 6.4 million US dollars in investment
Blockchain-enabled Web3 fashion start-up mmERCH has announced a 6.4 million US dollar seed funding round led by Liberty City Ventures, with participation from 6529 Holdings LLC, Christie’s Ventures, and Flamingo DAO. The round was also supported by chief executive and co-founder of Paxos Charles Cascarilla, Web3 investor Mike Jacobellis,...
Business
Ulta Beauty posts 2.5 percent increase in Q4 comparable sales
Fourth quarter net sales at Ulta Beauty increased 10.2 percent to 3.6 billion dollars due to increased comparable sales, new store performance, strong growth in other revenue, and the benefit of an extra week of sales in fiscal 2023. Comparable sales increased 2.5 percent, driven by a 4.5 percent increase in transactions and a 1.9 percent...