Another major e-commerce brand its expanding its business offline. Wayfair, the Boston-based online furniture retailer whose net revenue topped $2 billion in the fourth quarter, announced this morning it plans to open its first full-service retail store this fall. The store, which will be based in Natick, Massachusetts, will connect the company’s online business to […]
View More Wayfair to open its first brick-and-mortar store this fallCategory: merchandising
It’s the golden age of traditional retail, not its end days
A lot of people that will say that traditional retail is dying. They’ll point to the rising prominence of e-commerce, which accounts for under 10% of total retail in the U.S. and a whopping 15% or more of total retail in China, as diminishing opportunities for traditional retail. But the reality is that, thanks to […]
View More It’s the golden age of traditional retail, not its end daysChina’s JD.com teams up with Intel to develop ‘smart’ retail experiences
Months after it landed a major $550 million investment from Google, China’s JD.com — the country’s second highest-profile investor behind Alibaba — has teamed up with another U.S. tech giant: Intel. JD and Intel said today that they will set up a “lab” focused on bringing internet-of-things technology into the retail process. That could include […]
View More China’s JD.com teams up with Intel to develop ‘smart’ retail experiencesMercaux bags $4.5M to help bricks-and-mortar retail tool up to sell more
Retail tech SaaS platform Mercaux has closed a £3.5 million (~$4.5M) Series A funding round led by European VC fund Nauta Capital. The 2013 founded London-based startup sells software for retailers to tap into digital capabilities in their physical retail stores — offering a modular platform that’s intended to support digital transformations at a pace of the […]
View More Mercaux bags $4.5M to help bricks-and-mortar retail tool up to sell moreFabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone
At least one million people will be receiving the next FabFitFun box as the Los Angeles company surpasses $200 million in revenue and continues its run as one of the startups to watch in the Los Angeles tech community. As it renews its focus on media — doubling down on new programming in a bid […]
View More FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestoneUppercase raises $3.5M to help e-tailers open brick-and-mortar stores
Uppercase is launching out of stealth with $3.5 million in VC funding to help direct-to-consumer brands expand into the physical world. Lerer Hippeau has led the round, with participation from CRV and SV Angels.
View More Uppercase raises $3.5M to help e-tailers open brick-and-mortar storesMallforAfrica and DHL launch MarketPlace Africa global e-commerce site
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Nigerian logistics startup Kobo360 accepted into YC, raises $1.2 million Breaking down France’s new $76M Africa startup fund MallforAfrica and DHL are giving African merchants a global stage. This week […]
View More MallforAfrica and DHL launch MarketPlace Africa global e-commerce siteGiving online retailers a physical returns location nets HappyReturns $8 million
As online retailers continue to seek out ways to bridge the digital divide between themselves and their customers, Happy Returns, which provides physical locations for online shoppers to return and refund unwanted purchases, has raised $8 million to help. The Santa Monica, Calif.-based company, raised its new money from U.S. Venture Partners along with previous investors Upfront Ventures… Read More
Giving online retailers a physical returns location nets HappyReturns $8 million
As online retailers continue to seek out ways to bridge the digital divide between themselves and their customers, Happy Returns, which provides physical locations for online shoppers to return and refund unwanted purchases, has raised $8 million to help. The Santa Monica, Calif.-based company, raised its new money from U.S. Venture Partners along with previous investors Upfront Ventures… Read More
Macy’s credit card processors stop working on Black Friday
It’s one of the biggest shopping days of the year, but retail giant Macy’s can’t get its credit card processors to work.
Customers have been waiting in lines across the United States to buy discounted items, only to find out that the machines won’t take credit cards or gift cards. Some Bloomingdale’s stores, which are owned by Macy’s, may have also been… Read More