Slowdown or not, China’s luxury goods still seeing high-end growth

Despite well-documented concerns over an economic slowdown in China, the country’s luxury goods market is still seeing opulent growth according to a new study. Behind secular and demographic tailwinds, the luxury sector is set to continue its torrid expansion in the face of volatility as it’s quickly becoming a defensive economic crown jewel. Using proprietary […]

View More Slowdown or not, China’s luxury goods still seeing high-end growth

Sam’s Club to test new Scan & Go system that uses computer vision instead of barcodes

In October, Walmart-owned Sam’s Club opened a test store in Dallas where it planned to trial new technology including mobile checkout, an Amazon Go-like camera system, in-store navigation wayfinding technology, electronic shelf labels, and more. This morning, the retailer announced it will now begin testing a revamped Scan & Go service as well, which leverages […]

View More Sam’s Club to test new Scan & Go system that uses computer vision instead of barcodes

Foot Locker takes a minority stake in kids clothing subscription service Rockets of Awesome

Foot Locker is taking a stake in the subscription-based shopping service, Rockets of Awesome – a startup that’s something of a “StitchFix for kids,” in that it sends out a personalized selection of children’s apparel in seasonal boxes, shipped to customers’ homes. The companies announced today that Foot Locker has made a $12.5 million minority […]

View More Foot Locker takes a minority stake in kids clothing subscription service Rockets of Awesome

Walmart’s U.S. e-commerce sales up 43% in Q4, thanks to growing online grocery business

Walmart this morning posted strong holiday sales growth for its holiday quarter, with U.S. sales up 4.2 percent over the same time last year, and a 43 percent rise in Walmart’s U.S. e-commerce sales. The retailer topped analyst expectations, with $138.8 billion in revenue for the quarter, just ahead of the forecasted $138.76 billion; and […]

View More Walmart’s U.S. e-commerce sales up 43% in Q4, thanks to growing online grocery business

Walmart tech incubator Store No. 8 launches VR startup Spatial&

Walmart’s tech incubator Store N°8 today launched its next startup, a VR merchandising company called Spatial&. The company offers VR experiences that enable customers to connect with merchandise, and is kicking things off by collaborating with DreamWorks Animation VR tour. At select Walmart locations across the U.S., Spatial& will set up a VR experience in the parking […]

View More Walmart tech incubator Store No. 8 launches VR startup Spatial&

Walmart ends delivery partnership with Deliv

Walmart in 2016 said it would begin testing last-mile delivery using services like Uber, Lyft, and Deliv to bring customers’ orders, including groceries, to their homes. Last year, Walmart ended its grocery delivery deal with Uber and Lyft, and today it’s ending the deal with Deliv as well, according to a report from Reuters. Deliv […]

View More Walmart ends delivery partnership with Deliv

‘Amazon Live’ is the retailer’s latest effort to take on QVC with live-streamed video

Amazon is taking on QVC with the launch of Amazon Live, which features live-streamed video shows from Amazon talent as well as those from brands that broadcast their own live streams through a new app, Amazon Live Creator. On the live shows, hosts talk about and demonstrate products available for sale on Amazon, much like they do on QVC. […]

View More ‘Amazon Live’ is the retailer’s latest effort to take on QVC with live-streamed video

Luxury handbag marketplace Rebag raises $25M to expand to 30 more stores

Rebag, an online resale marketplace for luxury handbags, is getting another infusion of capital as it prepares to expand its offline retail operations. The company this week announced $25 million in Series C funding, in a round led by private equity firm Novator, with participation from existing investors, General Catalyst and FJ Labs. The round brings Rebag’s […]

View More Luxury handbag marketplace Rebag raises $25M to expand to 30 more stores