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Spring has now raised around $100 million in total. 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.
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"We shouldn't have a monopolistic party," former prime minister Bernard Cazeneuve, a Socialist, told Reuters. The survival of the Socialist Party, which ruled France for the past five years but is forecast to get just 15 to 30 seats, is at stake, as is the unity of The Republicans. Some key figures from both parties have rallied behind Macron. The National Front, reeling from a worse than expected score for chief Marine Le Pen in the presidential election, could miss its target to get enough lawmakers to form a parliamentary group. It is expected though to improve on the two deputies it had in the previous legislature. In a country with unemployment hovering near 10 percent and at risk of breaking its public deficit commitments, Macron was elected president in May on pledges to overhaul labor rules to make hiring and firing easier, cut corporate tax and invest billions in areas including job training and renewable energy. Macron also promised to clean up French politics after a string of scandals - a vow already tested by conflict of interest allegations against his former campaign chief Richard Ferrand, as well as reports that centrist ally Francois Bayrou's MoDem party used EU cash to fund Paris staff jobs. "I thought about voting for Macron but I didn't," said pensioner Jacqueline Laurent after casting her ballot in the eastern town of Annecy, close to the Swiss border. "With Ferrand and Bayrou we could see them falling back into the same old ways, so that was that. I changed my mind." Polling stations close at 1800 (1600 GMT) in smaller cities and two hours later in Paris and other big cities.