Saturday, 17 Nov 2018
Category: retail

Weed in space is going to be a thing now

Scientists interested in cannabis as a subject for pharmaceutical studies may find an unlikely new home for their research into the plant, its byproducts and biochemistry aboard the International Space Station. Yes, weed is going to space thanks to the work of a small Lexington, Ky.-based startup called Space Tango. The company makes a “clean […]

Shoes of Prey presses pause to select a business sale or pivot

Shoes of Prey, a Khosla Ventures-backed shoe retailer whose website let women customize footwear purchases by selecting the color and material of the sandals or pumps they wanted to order as well as the size, has announced it’s stopped taking orders after almost ten years trading. The management team will now decide whether to sell […]

Shelf Engine uses machine learning to stop food waste from eating into store margins

Shelf Engine’s team While running Molly’s, the Seattle-based ready meal wholesaler he founded, Stefan Kalb was upset about its 28 percent food wastage rate. Feeling that the amount was “astronomical,” he began researching how to lower it — and was shocked to discovered Molly’s was actually outperforming the industry average. Confronted by the sheer amount […]

Prime Day boosted other large retailers’ sales by 54%, says report

Amazon’s Prime Day again broke records this year, but the sales holiday also boosted sales across the broader U.S. e-commerce industry. According to Adobe Analytics data released this morning, larger retailers – meaning those with over a billion in annual revenue – saw a 54 percent increase in sales on Prime Day, compared with an average […]

Amazon puts its own devices on sale early for Prime Day

Amazon is kicking off today’s Prime Day a bit early. Although its annual sale technically begins at 12 PM PT / 3 PM ET this afternoon, it put its own devices on sale 12 hours early. The company is marking down its Alexa-enabled products like Echo, Fire TV, and Fire tablets, as well as its […]

MallforAfrica 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 […]

Seattle gets its first staffed Amazon pickup delivery hub

You’d think Seattle would be first in line for all things Amazon, but apparently the online retailer’s home city didn’t yet have a dedicated brick and mortar Amazon pickup location. The locations function as little centralized Amazon shipping hubs for normal pickups and returns, but they also enable one-day pickup for a large selection of […]

GameStop reportedly discussing buyout with private equity firms

Struggling retail chain GameStop is discussing a potential buyout with private equity firms, according to Reuters. The report says that one of the private equity firms is Sycamore Partners and that GameStop has hired a financial advisor to help with the talks, though there’s no guarantee that a deal will come to fruition. Founded in […]

Microsoft is developing its own cashierless store technology, says report

Amazon may be facing new competition from Microsoft on its cashierless, automated store technology, according to a new report from Reuters out this morning. The report claims Microsoft is in the process of developing its own systems for tracking what people place in their shopping carts, but doesn’t offer the details of how Microsoft’s technology […]

Amazon’s next conquest will be apparel

Sunny Dhillon Contributor Sunny Dhillon is a partner at Signia Venture Partners. More posts by this contributor The rise of experiential commerce Approaching e-commerce investments in the age of Amazon Late last year, after Amazon announced it had acquired the rights to J.R.R. Tolkien’s epic “Lord of the Rings” saga for $250 million, I wrote […]