1. Fashion Project, The Site Making Online Shopping A Charitable Act, Raises $1.8 Million In Seed Funding
TechCrunch reports that Fashion Project aims to make “fashion a force for good” by having women donate their designer items, which others buy for a discounted price, and the majority of the sales goes straight to a charity.
2. J.C. Penney Ousts Chief of 17 Months
JC Penney’s controversial CEO Ron Johnson will be leaving the company and is being replaced by the company’s former CEO. Johnson has been there for the past 17 months and his unprofitable results left Myron Ullman III in charge once again. The New York Times has the details.
3. 5 Lessons From Managing Our Startup’s Rapid Growth
Kit Hickey, co-founder of fashion-tech startup Ministry of Supply, gets featured in Forbes with her five steps to success.
4. Rachel Roy’s New Digital Magazine
Rachel Roy gets techie and introduces her own digital hub “The Life,” featuring original content from fashion to food and travel. Read more on WWD.