Neighborhood Goods raises $14.5 million and is opening a store in New York [CNBC]
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Source: CNBC
Neighborhood Goods raises $14.5 million and is opening a store in New York Source: Neighborhood Goods The outside of Neighborhood Good's first location in Plano, Texas. Neighborhood Goods, a company that's often referred to as the "department store of the future," is getting ready to grow. The company announced on Thursday it has raised $8.8 million in additional seed financing, bringing its total to $14.5 million. It also said it will open a second location this year, in New York. Since its inception and grand opening in Texas, Neighborhood Goods has been a buzz in the retail industry. Tennis superstar Serena Williams launched her new clothing line J.C. Penney Co-founded in 2017 by Matt Alexander and Mark Masinter, the business aims to create large spaces where more than a dozen brands — many of them born on the internet — can sell merchandise on a rotating basis. Masinter is the founder and now a managing member of Dallas-based real estate services firm Open Realty Advisors, having
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