Retail

Digital fashion retailer Dolls Kill raises $40 million in Series B funding

Dolls Kill, a Los Angeles-based fashion brand and retailer, raised $40 million in Series B funding led by Sequoia Capital.

Why it matters: This is Hot Topic for digital natives, leveraging social media comments to find its models and focusing on sub-cultures that often congregate online.

Black Friday shoppers beat online sales record

In this image, blurred shoppers walk through a store's glass doors with a "Black Friday" sign
Black Friday shoppers in Belarus on Nov. 29. Photo: Natalia Fedosenko\TASS via Getty Images

Americans spent a record $7.4 billion in online purchases this Black Friday, AP reports.

The big picture: Strong consumer spending has largely acted as the U.S. economy's backbone for the past two quarters and most of 2018. October's Q4 retail sales figures indicated solid, albeit slightly cautious, consumers.