The Latest News in Retail Innovation & Startup

Flower delivery

NEW FLOWER DELIVERY STARTUP URBANSTEMS HOPES TO BLOOM IN NEW YORK

A colorful new startup has landed in New York: UrbanStems hopes to beat out its competition in the pricey flower delivery market by carrying fresh bouquets, wound tightly in the company’s signature burlap cloth, to your door within an hour for just $35 dollars (including delivery).

By: Marisa Kabas. Source: Fast Company

Retail Data

How a Toronto startup bridges the online and offline worlds of retail data

The perils that befell K-Mart and Sears might lead you to think offline retail’s best days are gone, says Kerry Liu. “But if you dig into the data, offline retail isn’t dying.” Other verticals – especially in higher-end, omni-channel retailers, bricks and mortar are a still key. “Ninety per cent of the spend is still offline.”

By: Ivor Tossell. Source: The Globe and Mail

Digital Kiosk

Digital Kiosks Fuse In-Store and Online Shopping

Bridging the brick-and-mortar and digital worlds, Simon Property Group and eBay Inc. have started to collaborate on creating technologies that spur traffic and improve the shopping experience in malls.

By: David Moin. Source: WWD

Omnichannel

Luxury Retailers Increasingly Adopt Omnichannel Strategies

Like beauty, luxury is in the eye of the beholder. Higher-end apparel retailers and brands have been trying to become the apple of the lucrative consumer’s eye via e-commerce and in-store, even more so since the recession ended.

By: Catherine Salfino. Source: Sourcing Journal

Glossier

Ten of Tomorrow: Emily Weiss, Glossier

Glossier, a play on “dossier,” strives to be more than a beauty brand. Its goal is to be a community. Similarly, the Glossier headquarters is a stark, white open space and all employees are seated at communal tables.

By: Jayme Cyk. Source: WWD

Weddington Way

Bridal Market Breakthrough Draws Venture Backing

Technology that makes it easier to find clothing you love is yesterday’s news. Using technology for a collaborative shopping experience and to find clothing that anticipates trends —now that’s something!

By: Geri Stengel. Source: Forbes

Tailor brands

This Service Will Instantly Design Your Company Logo for $50

Tailor Brands will design a logo for your company for $50, or their software system will design it. Once a company has worked through their workflow, it will have a logo featuring your company’s name in a unique, customized typeface that can be used on a website, business cards or your email newsletter.

By: Brady Dale. Source: PSFK

BuildDirect

Vancouver-based BuildDirect raises $50 million in latest funding round

BuildDirect, the Vancouver-based online shopping site for building products, has closed $50 million in financing aimed at expanding its product offerings, establishing an online platform to make it easier for vendors to sign up, and beefing up its ranks.

By: Armina Ligaya. Source: Financial Post

Svbscription

Luxury Delivery Service Connects Online Shoppers With Personal Stylists

Svbscription 365 curates lifestyle parcels based on interests and style in future of retail experience “Improve your life one parcel at a time,” reads the blog of Svbscription of their new luxury delivery subscription that brings men’s fashion and home design to your doorstep.

By: Simone Spilka. Source: PSFK

Amazon

Amazon To Let Shoppers Bargain For Lower Prices With New “Make An Offer” Option

Amazon, pushing hard to pick up more business during the holiday season, wants you to make a deal. Taking a page from the likes of eBay and Priceline, it is introducing a new dutch auction-style feature. Users can now “Make an Offer” on a product, suggesting a lower price to the vendor than the one listed on Amazon.

Tinker tailor

Tinker Tailor Teams Up With Fivestory

It didn’t take long for Tinker Tailor founder and chief executive officer Aslaug Magnusdottir to realize she needed a solid off-line presence to help build the luxe start-up’s business online.

By Rachel Strugatz. Source: WWD

retailers

Retailers’ Secret Weapon Lies In Their IT Department

In today’s world, customers are looking for an experience that streamlines the shopping process and caters to their needs. In fact, the quality of their shopping experience is playing a larger role than ever when it comes to making purchasing decisions.

online offline sales

Fashion And Tech Companies Merge Online And Offline Sales

With online sales up 17% and physical retail down 11%, it’s no wonder retailers large and small are increasingly living online. An alternative to simply shuttering the windows, though, is to experiment with new technologies to integrate the showroom, the storefront, and the web.

Instacart

Instacart Is Raising North Of $100 Million At A $2 Billion Valuation

Instacart, the home grocery delivery service that launched back in 2012, is close to raising a massive Series C round of funding north of $100 million, according to sources. The raise will value the startup at $2 billion, or more than quadruple the $400 million valuation of its Series B financing from June.

Mobile tech

Using Mobile Tech To Streamline The Purchase Process

Long waits in line at the checkout are now an antiquated ritual with the proliferation of smartphones in the hands of both shoppers and retail staff. Sales transactions can take place anywhere alleviating the congestion found as customers queue up to purchase their new finds.