REDONDO BEACH, Calif.--(BUSINESS WIRE)--Modnique, Inc., a global fashion e-commerce retailer, recently donated $2 million in inventory to the children’s charity Kids in Distressed Situations (K.I.D.S.). Established in 1985 to assist children suffering from famine in Ethiopia, K.I.D.S. has grown into a global children's charity dedicated to making a difference in the lives of millions of needy children by alleviating poverty conditions and providing relief efforts after national disasters.
“Our customers are spread around the world in over 150 countries, with more than half residing outside the U.S. What we loved most about K.I.D.S. was that their global reach could provide maximum relief to children in all the countries important to our customers”
With this donation, Modnique marked the launch of Modnique Kids, their children’s vertical which offers international style for children and moms at a discount. The $2 million worth of inventory, which includes women’s, children’s and baby apparel as well as books, toys, shoes, and home goods was acquired during Modnique’s recent asset purchase agreement with Totsy Inc., a New York, NY based children’s e-retailer.
Modnique wanted to support children and families who have survived disaster and felt it was important to select a philanthropy with an international scope, similar to that of its own. “Our customers are spread around the world in over 150 countries, with more than half residing outside the U.S. What we loved most about K.I.D.S. was that their global reach could provide maximum relief to children in all the countries important to our customers,” said Einaras von Gravrock, CEO and Co-founder of Modnique.
Dotcom Distribution, the distribution and fulfillment partner for Totsy, donated a substantial portion of the costs associated with packing labor and materials.
Modnique is a global fashion e-commerce company headquartered in Redondo Beach, Calif. Founded in 2010, Modnique runs boutique events for apparel, jewelry, shoes, handbags, watches, accessories, kids and beauty at up to 85% off retail. The company specializes in sourcing and shipping brands from around the world. New merchandise arrives daily and is featured in 36-72 hour sale events, while curated shops house inventory without an expiration date. Events and shops are sourced for the chic, international consumer and feature brand name items as well as emerging designers. The majority of sales come from outside the U.S.
About Kids in Distressed Situations (K.I.D.S.)
Kids in Distressed Situations (K.I.D.S.) was founded in 1985 with the mission of providing new kid-essentials to children and teens who have been impacted by poverty and tragedy. Since its inception, K.I.D.S has provided over $1 billion in new product to help nearly 70 million children. With a network of over 1,000 local partner agencies located in all 50 states and an overhead of less than 3%, K.I.D.S. is able to effectively and efficiently deliver products directly to children when and where they need it. To find out more about Kids in Distressed Situations, visit www.kidsdonations.com
About Dotcom Distribution
Dotcom Distribution is one of the premier providers of logistics and fulfillment services to growing retailers & manufacturers. Industry pioneers such as Adore Me, Birchbox, Bliss, Fab, INTERMIX, and vineyard vines trust in Dotcom’s boutique feel, enterprise scale and management team to ensure their customers receive the highest quality packaging & delivery, while preserving the brand experience all the way through to the customer’s front door. Dotcom’s facility enables typical clients to achieve same-day order shipping and an average 1-3 day delivery times via standard ground service to 75% of the US population – all while delivering custom packaging solutions which resell the brand experience at that critical final mile delivery.