retail

  • Reach Robotics closes $7.5M Series A for its augmented reality bots

    Reach Robotics closes $7.5M Series A for its augmented reality bots

    After years of research and development, Reach Robotics has closed a $7.5 million Series A, co-led by Korea Investment Partners (KiP) and IGlobe, to bring its augmented reality bots to market in a big way. The Bristol-based startup is looking to expand into the U.S., and the team is exploring opportunities for growth into other European and Asian markets. Read More

  • PayPal to become a payment option in Samsung Pay, including in-app, online and in-store

    PayPal to become a payment option in Samsung Pay, including in-app, online and in-store

    Samsung users will be able to choose PayPal as their preferred method of payment in-app, online and in retail stores through the Samsung Pay mobile payments platform, the companies announced today. The strategic partnership will initially be available to Samsung Pay users in the United States before expanding to other countries, says Samsung. In addition to supporting PayPal at point-of-sale… Read More

  • Target’s next-day essentials delivery service opens to customers in pilot test

    Target’s next-day essentials delivery service opens to customers in pilot test

    Target announced this morning it’s opening to consumers a new, next-day home-delivery service called Target Restock. The company said in May the service was live and being tested with company employees ahead of a consumer-facing pilot program that was due to arrive sometime this summer. The service is initially available to Minneapolis-area customers. Read More

  • Online thrift store ThredUP is opening physical retail locations

    Online thrift store ThredUP is opening physical retail locations

    ThredUP, the online secondhand clothing store that has raised over $130M in funding is going old school. The startup has announced they will be opening at least five brick and mortar retail stores by the end of the year, with the first one soft-opening today in San Marcos, Texas. Why San Marcos, a small town of ~60,000 located somewhere between the cities of San Antonio and… Read More

  • Welcome to the softer side of gutted Sears stores

    Welcome to the softer side of gutted Sears stores

    If there is any indication of the cultural import and effect of the “millennials” – a term I dislike for reasons I will explain later – look no further than America’s malls. The Baby Boomer hubris and NIMBYism that sent malls into further and further orbits from city centers has come home to roost and it promises to change the face of retail in a big way. First… Read More

  • Target and Cartwheel apps to merge starting this summer, mobile payments and improved maps to follow

    Target and Cartwheel apps to merge starting this summer, mobile payments and improved maps to follow

    Target’s mobile app strategy will undergo a significant change, starting this summer. The retailer announced this week it will soon combine the functionality of its Cartwheel savings app with its main shopping app, in preparation for an eventual Cartwheel shutdown. The Target app will also receive a notable upgrade this year, adding support for an indoor map that shows your location in… Read More

  • Why Amazon is eating the world Crunch Network

    Why Amazon is eating the world

    I recently co-founded a software startup. Each month, I send out an update to our investors. But the past month was a bit different. Instead of just writing about our “internal” news, I wrote about the impending apocalypse in the broader world of retail. More specifically, I included some thoughts on Amazon and why their commanding lead is only going to get larger. Read More

  • Xiaomi puts the focus on India with plans to open 100 retail stores

    Xiaomi puts the focus on India with plans to open 100 retail stores

    Xiaomi is increasing its office retail presence in China as bids to gain ground stolen by rivals in its homeland, and now it is making that very same push in its second largest market, India. The Chinese company, which is valued at $45 billion, suffered a tough time last year as sales growth slowed — Xiaomi, notably, didn’t go public with sales figures for 2016 — but India… Read More

  • Sense360 raises $7 million to track customers in fast food restaurants

    Sense360 raises $7 million to track customers in fast food restaurants

    Physical tracking in shops has been a global trend since at least 2013. Using a cell phone’s location data and video monitoring, retailers have been tracking customers’ movements through stores in an effort to regain some of the ground lost to the online retail experience. At least, that’s the argument from stores. And now fast food restaurants are picking up the rallying cry. Read More

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