Posts filtered by tags:  retail[x]


 

These specialized Africa VC funds are welcoming co-investors

For global venture capitalists still on the fence about entering Africa, a first move could be co-investing with a proven fund that’s already working in the region. Africa’s startup scene is performance-light — one and a handful of exits — but there could be greater returns for investors who get in early. For funds from Silicon Valley to Tokyo, building a portfolio and experience on the continent with those who already have expertise could be the best start. VC in Africa Africa has one of th...
Tags: Food, TC, London, Entrepreneurship, Finance, Nigeria, Africa, Tech, Economy, Smartphone, United States, South Africa, Venture Capital, Retail, Ethiopia, Zimbabwe


Walmart reports lower-than-expected Q4 earnings, despite e-commerce sales growth of 35%

Walmart’s holiday quarter didn’t perform as expected. That’s the big news today from the retailer’s weak Q4 2019 earnings, which saw revenue of $141.67 billion versus the $142.55 expected and adjusted earnings per share of $1.38 versus the $1.44 expected. The company cited a number of factors, including “softer” than anticipated holiday sales in U.S. stores — particularly softer sales of toys, media and gaming, and apparel during the month of December. Overall, the earnings point to the challeng...
Tags: Amazon, Holiday Shopping, TC, Ecommerce, Shopping, Sales, Tech, Walmart, E-commerce, Online Shopping, Chile, Retail, Retailer, Sam, Instacart, Flipkart


Walmart shuts down its experimental personal shopping service, Jet black

Walmart is shutting down its personal shopping service, Jet black, on February 21, after struggling to find adoption or additional investment. The service had allowed New York-area customers to text message orders for home delivery. According to its website, Jet black will now no longer accept new orders and will refund its customers their most recent $50 monthly membership fee. The retailer is trying to spin the shutdown as a learning experience, noting that part of the initiative was to test a...
Tags: Ecommerce, New York, Microsoft, America, Tech, Walmart, Retail, M-commerce, Journal, Nea, Scott Eckert, Walmart Grocery, Jet Black, Fleiss, Store No. 8, Jenny Fleiss


Los Angeles-based ‘deep tech’ investment firm Riot Ventures is raising a $75M fund

Riot Ventures, the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch. The firm has largely flown under the radar, but it has been investing in startups applying innovations in automation, artificial intelligence, computer vision, computational biology, material sciences and robotics to industrial products and p...
Tags: TC, Tinder, La, Los Angeles, Tech, Sprint, Retail, Machine Learning, Oculus, Aerospace, Snap, Walt Disney Co, Desktop Metal, Serial Entrepreneur, Riot Ventures, Stephen Marcus


Opportunities Abound for Businesses Targeting Women Home Buyers

Most Americans would rather pay a mortgage than pay rent—that’s one of the findings in the latest Homebuyer Insights Report from Bank of America. Owning a home makes people happy; in fact, 93% of people say they’re happier because they purchased a home , while most (83%) of the homeowners attribute their joy to an improved lifestyle and the variety of hobbies that come with owning a home. And that’s where the opportunity for small businesses comes in—75% of homeowners started pursui...
Tags: Home Improvement, Housing, Sales, Bank Of America, House, Marie Claire, Retail, Houzz, NAR, Prince Charming, National Association of Home Builders, National Association of Realtors, National Association of Realtors NAR, Rieva Lesonsky, Real Estate & Construction, House Beautiful


Opportunities Abound for Businesses Targeting Women Home Buyers

Most Americans would rather pay a mortgage than pay rent—that’s one of the findings in the latest Homebuyer Insights Report from Bank of America. Owning a home makes people happy; in fact, 93% of people say they’re happier because they purchased a home , while most (83%) of the homeowners attribute their joy to an improved lifestyle and the variety of hobbies that come with owning a home. And that’s where the opportunity for small businesses comes in—75% of homeowners started pursui...
Tags: Home Improvement, Housing, Sales, Bank Of America, House, Marie Claire, Retail, Houzz, NAR, Prince Charming, National Association of Home Builders, National Association of Realtors, National Association of Realtors NAR, Rieva Lesonsky, Real Estate & Construction, House Beautiful


7-Eleven is the next retailer to test cashierless stores

7-Eleven is the latest retailer to test the “cashierless” store concept, following Amazon’s big push into the market with its Amazon Go convenience stores that use technology, instead of people, to monitor stock levels, track purchases, and process payments. This week, 7-Eleven announced it’s piloting its own take on the cashierless concept with a 700-square-foot store at its corporate HQ in Irving, Texas, open only to company employees. The store stocks 7-Eleven’s most popular products, includi...
Tags: Amazon, Ecommerce, Tech, Walmart, E-commerce, Artificial Intelligence, Retail, Stores, Ai, 7-eleven, Retailers, Giant Eagle, Eleven, Sam s Club, Irving Texas, Trigo


Macy’s Closes Its Corporate Headquarters in Cincinnati Amid Massive Restructuring for Online Shopping Era

(CINCINNATI) — Macy’s closed its corporate headquarters in downtown Cincinnati as part of its plan to shutter about a fifth of its retail locations nationwide. The retail giant announced this week the major restructuring that includes the elimination of 2,000 corporate jobs and the closure of 125 stores in the next three years. Macy’s said the majority of its roughly 500 employees in the Ohio headquarters will be relocated to Springdale. The company will add another 600 new jobs in Mason, where ...
Tags: News, Uncategorized, Arizona, Retail, Ohio, Cincinnati, Macy, Mason, Springdale, Northgate Mall, Overnight, Onetime, Smitherman, Macy 's Closes Its Corporate Headquarters, CINCINNATI Macy, Jeffrey Gennette


Placer.ai, a location data analytics startup, raises $12 million Series A

Placer.ai, a startup that analyzes location and foot traffic analytics for retailers and other businesses, announced today that it has closed a $12 million Series A. The round was led by JBV Capital, with participation from investors including Aleph, Reciprocal Ventures and OCA Ventures. The funding will be used on research and development of new features and to expand Placer.ai’s operation in the United States. Launched in 2016, Placer.ai’s SaaS platform gives its clients to real-time data that...
Tags: Fundings & Exits, Startups, TC, Real Estate, Enterprise, Tech, Caesars Entertainment, United States, Retail, Hospitality, Data Analytics, Placer, ShopperTrak, Location Data, OCA Ventures, Ben Zvi


Google Cloud lands Lufthansa Group and Sabre as new customers

Google’s strategy for bringing new customers to its cloud is to focus on the enterprise and specific verticals like healthcare, energy, financial service and retail, among others. It’s healthcare efforts recently experienced a bit of a setback, with Epic now telling its customers that it is not moving forward with its plans to support Google Cloud, but in return, Google now got to announce two new customers in the travel business: Lufthansa Group, the world’s largest airline group by revenue,...
Tags: Travel, Google, Energy, TC, Cloud, Enterprise, Cloud Computing, Tech, Ceo, Companies, Artificial Intelligence, Healthcare, Delta, Retail, Aviation, Airlines


Venmo woos retailers with branded, animated stickers for its newsfeed

Venmo’s newsfeed is about to get more interesting. Historically, the PayPal-owned app’s users would comment on their transactions using text, or as is more common, emoji. But now the company is planning to add support for custom, animated stickers, as well. These animations were designed in partnership with Holler so they’re unique to the Venmo app and tailored to the sorts of transactions that take place there. For example, one is of a hoagie sandwich broken in half with text that reads “spl...
Tags: Apps, Finance, Tech, Paypal, Ikea, Retail, Keurig, Payments, Stickers, Venmo, Wendy, Sephora Dunkin Donuts, Apple Google Visa Mastercard


Say Goodbye to Every Bose Store in the U.S.

If you’ve been planning to buy or return something to a nearby Bose store, you might want to do it soon because the well-known audio equipment maker is about to close 119 stores, including every retail location in the U.S. Read more...
Tags: Science, Audio, Headphones, Retail, Bose, Consumer Tech, Brick and mortar, Bose Stores, Bose Stores Are Going Away


The lost Apple Store design of the 1990s

In the 1990s, Marc Newsom designed the Apple retail store concept as imagined in this presentation video by Me Company. While this design didn't get the go-ahead from Apple twenty-five years ago, today it would be perfect for a vaporwave record store. (r/ObscureMedia)
Tags: Apple, Post, Design, News, Shopping, Retail, Stores, Apple Store, Vaporwave, Marc Newsom


Bose are shutting down all stores in North America, Europe, Australia and Japan

Bose are closing 119 stores worldwide meaning hundreds of job losses, saying that retail outlets are no longer needed. Renowned audio-tech makers Bose have announced a major closure of their retail stores across the globe. All of their walk-in shops across North America, Europe, Japan, and Australia will be shut down over “the next couple of months”. The company says that whilst they are still seeing strong sales, the majority of their retail is done online. The necessity for physical r...
Tags: South Korea, Music, Japan, Layoffs, Australia, United States, Retail, Stores, Closed, Closure, Closures, Shops, Bose, Burke, Greater China, Physical Stores


Bose to close all of its U.S. retail stores in pivot to online shopping

Bose has announced it is closing all 119 of its brick-and-mortar stores in the U.S., Canada, Europe, Japan, and Australia in the coming months, focusing its efforts on e-commerce instead.
Tags: News, Australia, Trends, Web, Home Theater, Retail, Bose, Bose Stores, U S Canada Europe Japan


Google acquires Pointy, a startup to help brick-and-mortar retailers list products online, for $163M

Google has been on a long-term mission to build inroads into the world of e-commerce by working more closely with brick-and-mortar retailers, and now it looks like it plans to extend that work a little further. The search giant is acquiring Pointy, a startup out of Dublin, Ireland, which has built hardware and software technology to help physical retailers — specifically those that might not already have an extensive e-commerce storefront detailing in-store inventory — get their products discove...
Tags: Google, Amazon, Fundings & Exits, Startups, TC, Europe, UK, US, Tech, E-commerce, Retail, Retailers, Google Maps, Cto, Point-of-sale, Exit


Google Cloud launches new solutions for retailers

It’s no secret that the Google Cloud management team has decided to focus its efforts on a select number of enterprise verticals like healthcare, manufacturing, financial services, energy and life sciences. Retail, too, has long been a growth market for the company, especially as Amazon’s competitors are looking to run their services on clouds that are not AWS. Current customers include the likes of Kohl’s, Lowe’s and France’s Carrefour. It’s maybe no surprise then that Google today used N...
Tags: Google, Amazon, Energy, TC, France, Cloud Computing, Google Search, Tech, Companies, Healthcare, Computing, Retail, Aws, Manufacturing, Financial Services, Amazon Web Services


Zebra’s SmartSight inventory robot keeps an eye on store shelves

How many times have you gone into a store and found the shelves need restocking of the very item you came in for? This is a frequent problem and it’s difficult, especially in larger retail establishments, to keep on top of stocking requirements. Zebra Technologies has a solution: a robot that scans the shelves and reports stock gaps to human associates. The SmartSight robot is a hardware solution that roams the aisles of the store checking the shelves, using a combination of computer vision, ...
Tags: Travel, Enterprise, Artificial Intelligence, Retail, Robotics, White, Joe White, Zebra, Zebra Technologies, National Retail Federation NRF Conference


The Year Ahead for Small Business, Part 2: More Expert Predictions on New Trends and Opportunities We’ll See This Year

Last week we took a look at what several business experts, entrepreneurs, and business thought leaders predicted was going to unfold for small business owners in 2020. Now, in part 2, I want to share additional predictions about advertising, marketing, workplace issues, retail, and more. If you missed part 1, be sure to read The Year Ahead for Small Business: Experts Weigh In on What Small Biz Owners Should Expect. Advertising Peter Bordes, CEO, Kubient  Back to basics: Silos will open, frag...
Tags: Amazon, Facebook, Europe, Instagram, Yahoo, California, Youtube, Singapore, Marketing, Colin Kaepernick, Sales, Business Planning, Trends, Nike, Bank Of America, Netflix


NFL Teams With H&M to Offer Branded Gear Outside of the US

Swedish fast-fashion giant H&M is partnering with the National Football League to offer branded gear to customers beyond American fans, according to the retailer. "H&M is extremely excited to offer fans outside the U.S. the opportunity to purchase NFL-licensed products," an H&M spokesperson said. On H&M's website, a variety of men's jackets, T-shirts and sweatshirts...
Tags: Advertising, US, NFL, Retail, National Football League


P&G’s First Acquisition of 2020 Is a DTC Shaving Brand for Women

The new year is only nine days old, and P&G has already made a major acquisition. The CPG giant has acquired Billie, a direct-to-consumer women's shaving brand, for an undisclosed amount. Billie launched in November 2017 and had raised $35 million to date, with a Series A round in January 2019 of $25 million led...
Tags: Advertising, Billie, Retail, CPG


Early Results From Macy’s, L Brands Indicate a Less Than Happy Holidays

It's a little more than a week into January, and already retailers are revealing results for the holiday shopping season that are mediocre at best. Notably, department store banner Macy's and retail group L Brands both reported declines in comparable store sales for November and December. Macy's said its comparable store sales for the two...
Tags: Advertising, Retail, Macy, Macy s, L Brands, Macy 's L Brands Indicate


PVH to Sell Speedo to Pentland Group for $170 Million

Apparel conglomerate PVH agreed to sell the perpetual license it holds for the Speedo brand in North America and the Caribbean to Pentland Group for $170 million, according to an announcement today. Pentland was already the parent of Speedo International, which it acquired in 1991, and owns the swimwear brand's intellectual property. PVH, as the...
Tags: Advertising, Retail, North America, Caribbean, Pentland, Pentland Group, PVH, Speedo International


Lululemon Names Nikki Neuburger Chief Brand Officer

Lululemon Athletica has named Nikki Neuburger its chief brand officer, a role she will begin effective Jan. 20, the company announced today. In the newly created role, Neuburger will lead the retailer's marketing, creative, communication and sustainability efforts, and will report to CEO Calvin McDonald. Neuburger joins Lululemon from Uber, where she served as global...
Tags: Advertising, Retail, Lululemon, Lululemon Athletica, Nikki Neuburger, Neuburger, Calvin McDonald Neuburger


Hinge’s New Online Shop Celebrates Dating App’s Sacrificial Mascot

Hinge is inviting fans to destroy Hingie, the brand's mascot that dramatically dies when users find a match, in the comfort of their own homes. The dating app has launched an online merchandise store called The Hingie Shop, featuring products that are an extension of the brand's ongoing "Designed to Be Deleted" messaging. The international...
Tags: Advertising, Retail, Experiential, Hingie, Hingie Shop


Yum Brands Enters Fast-Casual Category With Purchase of The Habit Burger Grill

Yum Brands is adding burgers to its menu with an agreement to acquire the operator of fast-casual restaurant chain The Habit Burger Grill for $14 per share or $375 million in cash, according to an announcement by the two companies on Monday. The Habit Burger Grill is the first foray into the fast-casual category for...
Tags: Advertising, Retail, Habit Burger Grill, The Habit Burger Grill


Visiting what may be the most remote and expensive supermarket in America

Barrow (aka Utqiaġvik), Alaska is the northernmost city in the United States. It's so far from most civilization that the grocery prices are astronomical. For example, a bag of frozen french fries is $17, cucumbers are $4.50 each, and a carton of orange juice is $12.
Tags: Video, News, Shopping, Groceries, America, United States, Alaska, Grocery Stores, Retail, Prices, Barrow, Utqiagvik Alaska


Kylie Cosmetics Names Beauty Industry Veteran as CEO

Cosmetics conglomerate Coty and reality TV star Kylie Jenner named Christoph Honnefelder as Kylie Cosmetics and Kylie Skin's new CEO, the brand announced today. Coty also confirmed the completion of its purchase of a 51% stake in Kylie Cosmetics for $600 million. The sale, which values Kylie Cosmetics at nearly $1.2 billion, was announced in...
Tags: Advertising, Retail, Kylie Jenner, Influencers, Coty, Kylie Cosmetics, Kylie Skin, Kylie Cosmetics Names Beauty Industry Veteran, Christoph Honnefelder


SmileDirectClub Expands Its Product Line With Walmart Partnership

SmileDirectClub, which went public in September 2019, is expanding beyond its most famous product of teeth aligners. The direct-to-consumer brand is debuting an oral care line that includes an electric toothbrush, toothpastes, a water flosser and more at over 3,800 Walmart stores and on walmart.com. It's yet another move by SmileDirectClub to expand its retail...
Tags: Advertising, Walmart, Retail, SmileDirectClub


Woman "accidentally" spends the night in a mattress store

In Richmond Heights, Missouri, a woman says she visited a mattress store to test out the beds, finding one so comfortable that she fell asleep. As she snoozed apparently unnoticed, the employees closed the shop for the night. Police were called in the morning. From the St Louis Post-Dispatch: "That's honestly the best mattress endorsement we've ever heard," the police department posted on social media Friday. The store did not want to press charges for trespassing so officers escorted the w...
Tags: Post, News, Retail, Naps, Stores, Sleeping, Beds, Boxspring, St Louis Post, Zzzzz, Richmond Heights Missouri, Yahquinn CC BY SA