The Latest News in Retail Innovation & Startup

Credorax

Credorax Raises $40 Million To Become A Payment Acquirer For The Internet Age

Managing the arcane arts of processing transactions for online purchases is a complicated job. Once a shopper enters the numbers on their card, the expiration date on their credit card, and their zip code, a complicated machinery of transaction processors springs into action

By: Jonathan Shieber. Source: TechCrunch

Scott Weiss

Scott Weiss: Round up the Experts

One of the rookie mistakes first-time entrepreneurs often make is to be too guarded about their idea – in fact, many will actually spend their first $25,000 on patent lawyers without ever fully vetting their product

Source: The Wall Street Journal

Enjoy

Apple’s Ex-Retail Chief Leads Startup

Former J.C. Penney CEO Ron Johnson’s new e-commerce-related startup Company, Called Enjoy, Plans to Offer Online Shoppers Help Choosing Product and it has raised $30 million in venture capital funding.

By: Daisuke Wakabayashi. Source: The Wall Street Journal

True and Co

Can the Internet Help Women Feel Better About Their Breasts?

The idea for True & Co. came to Michelle Lam during a shopping trip. She was a former principal at Bain Capital in Boston who’d moved with her husband to San Francisco in 2011. “I wasn’t intending to focus on bras until I got stuck in a lingerie store fitting room, and two hours later I walked out empty-handed,”

By: Emma Rosenblum. Source: Bloomsberg Business Week

The Arrivals

New Category Killers: Redefining E-Commerce by Staying Focused

The buzziest e-commerce players right now all have the same m.o. — a laser focus on a specific category, from sneakers and boots to jewelry, eyewear and innerwear. Where Amazon started with books but now offers almost everything, these companies are sticking to only one category and aiming to do it better than anyone else.

By: Rachel Strugatz. Source: WWD

Vespertine

Cyclists Go Glam Into the Night

Envisioning a wardrobe that would look as good on the bike path as on the runway, Ms. Canner returned to New York, where she started Vespertine NYC, a line of fashionable bike clothing and accessories woven with 3M Scotchlite reflective accents.

By: Alex Williams. Source: The New York Times

Vince

Vince, a Billion-Dollar Brand Priming For Growth

Vince is the quietest billion-dollar brand in the business. Now, chief executive Jill Granoff is gearing up for global recognition.

By: Robin Mellery-Pratt. Source: Business of Fashion

Apple Pay

Amazon Rewards Visa Cards Now Compatible With Apple Pay

Amazon said it would be making its Rewards Visa from Chase compatible with the new Apple Pay system earlier this week, and the integration is already out the door.

By: Darrell Etherington. Source: TechCrunch

Jonny IV

Jonny IV Wants To Be Nasty Gal For Men

Founded by Eugene Kang, the former head of ecommerce at Forever 21, Jonny IV is different from other brands in that it focuses on street wear as opposed to a single look, like the preppy Frank & Oak, basics-focused Everlane, or the always minimalist Buck Mason brand.

Wondermall

In Palo Alto, Even the Hummus Guy Has an E-Commerce Startup

Wondermall is an iPad shopping play in which a user can scroll through a virtual mall populated with anchor stores like Macy’s and Banana Republic. You enter a store by tapping it, and you’re presented with a clean, navigable shopping site that looks a little more like a traditional catalogue

By: Nellie Bowels. Source: Re/Code

Holiday Season

How Brands Can Have an Insanely Successful Holiday Season

For brands and retailers, October is a heated month of around-the-clock projecting, planning, prioritizing and more planning. Make way folks: The holidays are coming.

By: Maxime Bedat and Soraya Darabi. Source: Entrepreneur

Trunk Club

Trunk Club Settles Down in New York City

First Piperlime, then Amazon, and now Trunk Club is getting physical in Manhattan. The online menswear retailer, which was acquired by Nordstrom in August for $350 million, has leased a 26,190-square-foot space on Madison Avenue in New York City

By: Angela Velasquez. Source: Sourcing Journal

Wantering

Wantering, The Fashion Discovery Tool That Makes Shopping Online A Dream

If like us you’re often left feeling overwhelmed by the sheer amount of online options for your fashion choices you need to get connected with Wantering, a fashion discovery tool that allows its users to discover and buy clothing from a carefully curated list of retailers and boutiques.

By: Michelle Phillips