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Who’s building the grocery store of the future? Christopher Wan Contributor Share on Twitter Chris is a venture fellow at Bessemer Venture Partners and a JD/MBA candidate at Stanford University who writes a weekly newsletter about tech, policy and business strategy. The future of grocery stores will be a win-win for both […]
Target sets sales record in Q2 as same-day services grow 273% Following Walmart’s pandemic-fueled earnings beat posted on Tuesday, Target today also handily beat Wall St. expectations to deliver a record-setting quarter across a number of key metrics. The retailer on Wednesday announced its strongest quarter to date for comparable sales, which […]
LA’s consumer goods rental service, Joymode, sells to the NYC retail investment firm, XRC Labs After raising $15 million in financing from one of technology’s most successful global investment firms, the Los Angeles-based consumer goods rental company Joymode is selling itself to an early-stage retail investment firm out of New York, XRC […]
Shelf Engine has a plan to reduce food waste at grocery stores, and million in new cash to see i For the first few months it was operating, Shelf Engine, the Seattle-based company that optimizes the process of stocking store shelves for supermarkets and groceries, didn’t have a name. Co-founders Stefan Kalb […]
TradeDepot adds million to add financial services to its supply chain services for African SMBs Nigeria’s e-commerce startup TradeDepot, which connects international brands to small businesses in Africa, has raised $10 million in a new round of funding to expand its business into financial services and credit offerings for retailers. First launched […]
U.S. e-commerce sales to jump 18% in 2020, but not enough to offset retail’s decline U.S. e-commerce sales will jump 18% this year due to the impact of the coronavirus pandemic which forced more shoppers online, according to a new forecast released today by eMarketer. However, the surge in new online orders […]
Africa Roundup: DHL invests in MallforAfrica, Zipline launches in US, Novastar raises 0M Events in May offered support to the thesis that Africa can incubate tech with global application. Two startups that developed their business models on the continent — MallforAfrica and Zipline — were tapped by international interests. DHL acquired a […]
4 views on the future of retail and the shopping experience The global spread of COVID-19 and resulting orders to shelter in place have hit retailers hard. As the pandemic drags on, temporary halts are becoming permanent closures, whether it’s the coffee shop next door, a historic bar or a well-known lifestyle […]
US e-commerce sales jump 49% in April, led by online grocery Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March […]
Target Global has a €1M “super seed” fund incoming to switch on laid off tech talent in Spain during COVID-19 Target Global is backing a €1 million support fund for tech talent in Spain laid off or furloughed as a result of the coronavirus crisis. The aim is to provide pre-seed financing […]
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