modcloth

  • Online Fashion Company ModCloth Lays Off 70 Employees

    Online Fashion Company ModCloth Lays Off 70 Employees

    Online retailer ModCloth laid off around 70 employees yesterday, a little under 15 percent of its 500-person-plus workforce. We first heard about the cuts through a couple of emailed tips and a comment on Twitter. A ModCloth spokesperson confirmed the news. Read More

  • ModCloth, Now With Over $100 Million In Annual Revenue, Is Going Mobile First

    ModCloth, Now With Over $100 Million In Annual Revenue, Is Going Mobile First

    ModCloth, the indie fashion site best known for its vintage-inspired dresses, is today offering the first look into its revenue situation since 2009. The e-commerce startup, which is backed by roughly $48 million in outside funding, says it did over $100 million in revenue last year, and is now growing faster than 40 percent year-over-year. That’s up from the $15 million it had… Read More

  • Tapping Into Shifting Buying Habits, ModCloth Launches An iPad App

    Tapping Into Shifting Buying Habits, ModCloth Launches An iPad App

    Over Christmas, employees at ModCloth, the indie and vintage fashion site founded by a husband and wife team, noticed that about 30 percent of the site’s visits were coming from mobile devices. The staggering shift in consumer habits from desktop devices to smartphones and tablets that caught companies like Facebook off-guard was starting to affect smaller online retailers, too. So… Read More

  • E-Commerce: Beyond The Metrics

    E-Commerce: Beyond The Metrics

    For all the excitement around commerce these days, there have been only a few really big changes in the last 100 years. Sears pioneered the mail-order catalog, chains like Walmart consolidated big box retail, and Amazon brought inventory online. After more than 10 years of growth, e-commerce only accounts for about 8% of total commerce in the US. Clearly, we have a long way to go in moving… Read More

  • TC Teardown: 13 Ways To Get To $10 Million In Revenues (Part II)

    TC Teardown: 13 Ways To Get To $10 Million In Revenues (Part II)

    Editor’s note: This post is the second part of an analysis of different consumer Internet business models by guest author Steven Carpenter. It is suggested that you first read Part I. Most consumer Internet startups fall into a baker’s dozen of possible business models. In the first part of this post, I tried to lay out the three main buckets those business models fall into… Read More

  • ModCloth Raises $19.8 Million Series B For Indie Fashion

    ModCloth Raises $19.8 Million Series B For Indie Fashion

    Indie fashion site ModCloth has raised $19.8 million in Series B funding in a round led by Accel Partners, with participation from existing investors Floodgate and First Round Capital. As part of the deal Accel’s Theresia Gouw Ranzetta will join ModCloth’s Board, joining Mike Maples (Floodgate) and Josh Kopelman (First Round), along with ModCloth cofounders (and husband-and-wife)… Read More