The Latest News in Retail Innovation & Startup

Kit and Ace

Kit and Ace Blends Cashmere with Innovation

There’s a new breed of luxury performance apparel, and at the helm of this growing category is the Wilson family. Patriarch Chip Wilson initiated a world where yoga pants rule when he launched Lululemon, and now his wife Shannon and son JJ are cracking into basics with Kit and Ace.

By: Angela Velasquez. Source: Sourcing Journal

Beauty Boxes

Deciphering the Influx of Beauty Boxes

Glossybox, Birchbox, Beauty Army, Beauty DNA, Beauty Bar Allure Sample Society, Beauty Box 5, Beauty Fix, Curlbox, Memebox, New Beauty TestTube, TargetBeauty Box, Total Beauty Collection, the beauty box subscription list goes on and on and on.

By: Jamye Cyk. Source: WWD

Buck Mason

Buck Mason is Building a Timeless American-made Clothing Brand

The founders, Erik Schnakenberg and Sasha Koehn, started Buck Mason in Los Angeles in 2013. It began with selling packages of basics that mixed and matched so any man could have a sophisticated style with one click. This developed into creating a timeless American uniform.

By: Alexander Taub. Source: Forbes

Starbucks

Mobile Orders Will Make Starbucks Coffee More Addictive Than Ever

Imagine you’re on your way to work. You walk up the stairs from the subway, and your coffee order is put in automatically. You walk into Starbucks, past the line, tell the barista your name, and she hands you your tall latte with skim.

By: Mark Wilson. Source: Fast Company

Eloquii

Plus-Size Fashion Brand Eloquii Raises $6M, Targets Majority of Women

After being rescued during a liquidation sale, women’s fashion brand Eloquii Design Inc. relaunched and gained fast traction with plus-sized, trend-conscious women. Now the startup has attracted investors, securing a $6 million Series A round to expand the product line and bolster marketing.

By: Lizette Champan. Source: Wall Street Journal

Stripe

Stripe’s Valuation Rises to $3.6 Billion With $70 Million Round

As competition in online payments heats up, investors are doubling down on Stripe. The payments startup said it raised $70 million in a new funding round valuing it at $3.57 billion, doubling its valuation in less than a year.

By: Douglas MacMillan. Source: Wall Street Journal

Men's style lab

Men’s Style Lab $1.1M Angel Round led by Retail Veterans

Men’s Style Lab, Inc., an online concierge clothing service that provides style for everyday guys, today announced the close of a $1.1 million angel funding round. It’s a follow-on funding to a $750,000 round raised earlier this summer: what a way to kick off the first week back from Thanksgiving.

Food Truck

STARTUP LESSONS FROM THE FOOD TRUCK REVOLUTION

The food truck phenomenon has taken the country by storm. From New York to Los Angeles, the number, the variety, and the quality of food trucks are on the rise.

By: David Weber. Source: Fast Company

Amazon

To Gain the Upper Hand, Amazon Disrupts Itself

Sometime last summer, a quarter-billion dollars went missing at Amazon. Analysts were expecting the usual gangbusters third quarter. But it was about $250 million short of forecasts.

By: David Streitfield. Source: The New York Times

Bitcoin

Coinbase is rolling out USD Wallets so you can exchange cash for Bitcoin

Bitcoin wallet Coinbase just announced its newest feature called USD Wallets for verified account holders. The new digital wallet allows users to store U.S. dollars, so they don’t have to wait for a bank transfer every time they want to buy Bitcoin.

By: Ruth Reader. Source: VentureBeat

Amanda Parkes

Amanda Parkes on Why Wearable Tech is About More Than Gadgets

BoF speaks to fashion technologist Dr. Amanda Parkes about why smart textiles and fibre science — not gadgets — are the future of wearable tech and how the fashion industry can capitalise.

By: Vikram Alexei Kansara. Source: Business of Fashion

Parcel

Delivery Service ‘Parcel’ Aims to End Missed Packages After Hours

If you’re a New Yorker who struggles to arrange deliveries or wastes hours waiting at the Post Office, then you need to check out Parcel. It’s a service that promises to hand-deliver your package every time, even if you live on the top floor of an apartment building.

By: Ross Brooks. Source: PSFK

Salad Chain

A Salad Chain’s Surprise Ingredient: Tech Money

Why is a venture capital firm led by online pioneers backing a farm-to-table salad chain? That is the question some tech industry watchers asked themselves two weeks ago, after Sweetgreen, a fast-casual salad restaurant with outlets on the East Coast, announced that it had raised $18.5 million in financing.

By: Natasha Singer. Source: The New York Times

Amazon

These Cool Robots Are Processing Your Amazon Orders

Amazon may be developing drones for the future, but here’s something for the here and now. A veritable feast of robots that will appeal to anyone who is into technology.

By: Jon Russell. Source: TechCrunch