The Latest News in Retail Innovation & Startup

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.

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