In today’s top retail news, Nordstrom has obtained a minority stake in four fashion labels, while Walt Disney has brought in more than $60 million worldwide from sales of its “Black Widow” film via Disney+ Premier Access. Plus, Walmart’s Indian digital commerce venture Flipkart notched $3.6 billion in its newest round of fundraising.
Nordstrom has obtained a minority stake in the Miss Selfridge, HIIT, Topman and Topshop brands, per an announcement from Nordstrom and British fashion merchant ASOS. Nordstrom’s investment will power the growth of the labels throughout the globe. “ASOS is all about giving customers the confidence to be who they want to be. Partnering with Nordstrom will support our U.S. strategy, allowing us to offer that to even more 20-somethings in North America,” ASOS CEO Nick Beighton said in the announcement. Shoppers will be able to get Asos.com orders at Nordstrom Rack and Nordstrom physical stores in the fall.
Walt Disney has brought in more than $60 million globally from sales of its “Black Widow” film by the way of Disney+ Premier Access. In the movie, “Natasha Romanoff, aka Black Widow, confronts the darker parts of her ledger when a dangerous conspiracy with ties to her past arises,” according to an overview of the movie on Marvel’s website. The news come as Disney+ exceeded 100 million subscribers as of March 9, just 16 months following its rollout.
The value of Walmart’s Indian digital commerce venture Flipkart keeps rising, as its newest $3.6 billion round of fundraising has made the biggest domestic tech venture that is now presently worth approximately $37 billion. Flipkart, which is headquartered in the nation’s tech hub in the southern city of Bengaluru, now has more than 350 million registered users and over 300,000 vendors supplying 150 million items in 80 categories.