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Existing investors Groupe Arnault, Thrive Capital and Box Group also put new money into the company. Groupe Arnault is the investment arm of luxury fashion conglomerate LVMH, while Box Group is the venture firm started by Spring co-founder and chairman David Tisch. Items for sale on Spring range from men’s Levi’s jeans on sale for $20 to $1,110 women’s Gucci loafers — and everything between. Half the orders on Spring come through the mobile website or app. Part of the bet Spring is making is that millennial shoppers — its average customer is 28 — want to shop for clothing online like their parents did in malls or department stores: With low-priced and high-priced brands co-mingled in one location. “Consumers don’t have another destination where they can shop all of their favorite brands in one place,” CEO Alan Tisch said in an interview. On average, Spring customers spend around $150 per order, which helps the economics of offering free shipping and returns. Brands are responsible for shipping orders and taking returns, but Spring subsidizes some shipping costs and handles customer service. The company expects 2017 gross sales well north of $100 million. Spring generates revenue by taking, on average, a cut of between 15 percent and 20 percent of each order.
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Olivia Palermo attended last night's CFDA Awards in an orange off-the-shoulder dress by Banana Republic that retails for only $148. The trendsetter paired the stylish frock with Oscar Tiye glitter heels and an embellished clutch. While in Vancouver filming The Predator, Olivia Munn recently accessorized her ASOS gingham dress - which is currently sold out but retailed for around $20 - with a $4,000 bag by The Row and pricey Chanel sandals. Superstar: Selena Gomez's ribbed Topshop shirt is on sale now for only $16! Shop it here SHOP OUR EDIT OF STYLISH FASHIONS UNDER $100: Got the blues: Left: Pixie Market top, $52, pixiemarket.com . Center: River Island romper, $70, riverisland.com . Right: J.Crew top, $68, jcrew.com Wrap it up: Left: Castaner shoes, $55, net-a-porter.com . Right: River Island shoes, $90, riverisland.com Cool carryall: Zara bag, $49.99, zara.com Work it: Jennifer Lopez, 47, took a selfie in this pastel dress from contemporary brand Guess Flirty frocks: Left: H&M dress, $24.99, hm.com . Right: Topshop dress, $68, topshop.com Summer vibes: Left: Warehouse top, $52, warehouse-london.com . Center: Boohoo pant, $40, boohoo.com . Right: Zara skirt, $49.90, zara.com Sleek sunnies: Forever 21 sunglasses, $28, forever21.com Off-duty style: Karlie Kloss, 24, (left) donned an Express shirt recently, while Katie Holmes, 38, (right) paired her Madewell top with Vince Camuto sandals Dainty florals: Boohoo dress, $26, boohoo.com Pastel pretty: Left: H&M top, $14.99, hm.com . Center: Pixie Market skirt, $96, pixiemarket.com .
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REUTERS/Romeo Ranoco A U.S. P3 Orion surveillance aircraft is seen flying over the town of Marawi city, as government troops continue their assault against insurgents from the Maute group, who has taken over large parts of the city, Philippines June 9, 2017. Picture taken June 9, 2017. REUTERS/Romeo Ranoco Philippines' President Rodrigo Duterte (C) with Defence Secretary Delfin Lorenzana (L) and General Eduardo Ano, talks after visiting wounded soldiers who fight against the insurgents of the Maute group, which has taken over large parts of the Marawi city, at a military camp in Cagayan De Oro, Philippines June 11, 2017. REUTERS/Romeo Ranoco Philippines' President Rodrigo Duterte answer questions during a press briefing after awarding wounded soldiers, who fight against the insurgents of the Maute group, which has taken over large parts of the Marawi city, during his visit at the military camp hospital in Cagayan De Oro, Philippines June 11, 2017. REUTERS/Romeo Ranoco CAGAYAN DE ORO CITY, Philippines Philippine President Rodrigo Duterte said on Sunday he was not aware the U.S. government was providing assistance to government troops in its battle against Islamist militants in a southern city. Duterte also said he "never approached America" for help. "I am not aware of that until they arrived," Duterte told a media briefing when asked about U.S. support to fight the pro-Islamic State militants in Marawi City. U.S.