Retail Tech

By Owen Geronimo | News about the future of retail. online shopping, mobile uses, and technology.

Louis Vuitton and Alibaba Team Up to Fight the Sale of Fakes

Tackling online counterfeiting is going to take both the brands and the retailers.<p>Since the dawn of the internet, online luxury shopping has been dogged by online luxury counterfeiting, especially on sprawling sites like eBay and its Chinese equivalent, Alibaba-owned Taobao.<p>Finally, the retailers …

Five Predictions For Retail In 2017

Shutterstock<p>It’s the time of year when everyone is looking to set their expectations for the year ahead. For retail, 2017 promises more disruption ahead as retailers try to figure out the changing shopping behaviors they see from customers who are more digitally savvy than ever. Here is my take on …

eCommerce

8 Tech Trends That Will Shape The Future Of Fashion And Luxury Retail In 2017

Blockchain in use by Babyghost at Shanghai Fashion Week (Image: Babyghost)<p>The fashion industry – from your department store to your luxury boutique – is undergoing significant change at the hands of the digital revolution. That’s not new in concept. Neither, mind you, is talking about things like …

Trends

Kenneth Cole Is Shutting Down All Of Its Outlet Stores

If you love Kenneth Cole outlet stores, you better shop fast: The fashion retailer is shutting all of them down within the next six months.<p>Closing …

Banana Republic is destroying Gap

Gap Inc. is falling apart — and Banana Republic is its weakest link.<p>In the second quarter, the parent company of Gap, Old Navy, and Banana Republic saw sales slip 2%, the company announced on Thursday.<p>Out of its three core brands, Banana Republic saw sales plummet the most dramatically: -9%, versus …

Banana Republic

Westfield's new World Trade Center mall puts in-store tech center stage

With today’s opening of Westfield World Trade Center in lower Manhattan, the shopping mall is showing signs of new life.<p>The $1.4 billion, …

'I think it is a terrible mistake': Ex-Sears executive says Walmart just wasted $3 billion on Jet.com

Walmart's $3 billion purchase of Jet.com has largely been praised as a win for both companies, but not everyone believes it was a good idea.<p>Supporters say the acquisition should help Walmart improve its e-commerce business, which has been criticized in the past for falling so far behind …

eCommerce

Wal-Mart is interested in acquiring discount retailer Jet.com

Wal-Mart Stores Inc. is currently in talks to purchase online retailer Jet.com, if reports are to be believed.<p>The deal would offer venues for Wal-Mart to expand beyond its current set of e-commerce efforts including faster home delivery and various other augments that keep it competitive with …

Trends

Nike is facing unprecedented headwinds

Analysts and consumers alike have long viewed Nike as invincible to the problems in the retail world.<p>But after the company's most recent earnings reports, investors and analysts are getting worried about the future of one of the world's most dominant retailers.<p>Even though revenue grew 6%, the …

Sneakers

What We Can Learn From 3 Companies Using Technology To Disrupt The Retail Business

Singapore is deemed by some as an idyllic place to foster a new breed of technologically innovative enterprises. As part of the efforts to develop a new breed of technologically innovative global enterprises, many new initiatives promote the inclusion and innovation of technology to make a wave of …

Startups

Walmart now lets customers pay with its app at many stores across the US

Walmart introduced a mobile payment feature last year that lets customers use its app to pay at checkout, and now the service is getting close to reaching nationwide availability. As <i>Engadget</i> first reported, the service has just expanded to more than 30 states just in the past two months, including …

Retailers are trapped in a vicious cycle with clutter — and it's contributing to the industry's 'dirty open secret'

American retail is struggling.<p>One major problem is that shoppers do not want to come into stores. After all, they have the ease of online shopping.<p>This is not a secret.<p>In fact, Forbes' Barbara Thau called the decline in foot traffic a "dirty open secret" in the industry.<p>In other words: Everybody …

Retail

Google Wallet vets get $19M more for Index, which helps offline retailers be more like online ones

As companies like Apple, Google and PayPal continue to home in on virtual wallets for consumers who dream of using phones or watches to pay for everything in person without fumbling around for a plastic card or cash; a startup called Index is focusing on how to make the experience better and more …

Girl Meets Money — Venture Capital Edition – The Startup – Medium

40+ venture firms that have invested in retail, ecommerce, and consumer services<p>Accel: Etsy, Bauble Bar, & Diapers.com<p>Aspect Ventures: Birchbox, …

Venture Capital

Macy’s Next CEO Hints How He Plans to Shake the Retailer Out of Its Sales Slump

Macy's stunned the world of retail on Thursday when it announced that longtime CEO Terry Lundgren would step down soon after the holiday season and …

Trends

Uniqlo’s struggles cause fashion chain to close stores

The fastest-growing retailers have hit the same speed bump that the rest of the industry slammed into last year.<p>Tokyo-based Uniqlo — a 1,700-store …

Trends

Amazon And Alibaba Bet The Future On Supply Chain Management: eRetailers Invest Big In Logistics

The Amazon logo sits on a cart parked in the inbound goods zone at the Amazon.com Inc. fulfillment center in Poznan, Poland, on Friday, June 12, 2015. Photographer: Bartek Sadowski/Bloomberg<p>The world’s largest retailers are planning to not only grow into the world’s biggest logistics companies, but …

eCommerce

Consumers' mindsets are shifting dramatically — and it's killing brands like Tiffany

Consumers are preoccupied with value when it comes to spending on apparel, jewelry, and accessories.<p>As a result, luxury brands like Tiffany & Co. have been struggling.<p>"We've seen such a slow down in the high end," Brian Yarbrough, analyst at Edward Jones told Business Insider.<p>While lower-end …

Trends

J. Crew’s Sales Fall as Chain Faces ‘Challenging’ Retail Climate

J. Crew Group Inc.’s same-store sales declined 7 percent last quarter, a sign the preppy-apparel chain is still struggling to win back shoppers.<p><b>NEW YORK, United States —</b> J. Crew Group Inc.’s same-store sales declined 7 percent last quarter, a sign the preppy-apparel chain is still struggling to win …

Fast Retailing Pledges Lowest Prices in Uniqlo Strategy Reversal

Despite T-shirts on sale for $5.90 and chino shorts at $19.90 on its website, Uniqlo is struggling in Japan where cautious consumers are bracing for tougher financial times.<p><b>TOKYO, Japan —</b> At a fashion event held in Tokyo’s Shibuya shopping district, models walked the runway showing off Uniqlo’s …

Burberry embarks on £100m cost-cutting drive as profits fall

Shares in Burberry dropped sharply this morning after the luxury brand revealed a hefty 10pc slide in pre-tax profits as it struggles with an ongoing slump in Chinese spending.<p>Christopher Bailey, Burberry's chief executive and chief creative, warned he expected a "challenging environment for the …

Burberry

33 companies that are revolutionizing retail

Hollis Johnson<p>The way people shop is changing every day.<p>Thanks to the proliferation of smartphones and innovations in delivery and data, the retail landscape is evolving like never before. And as retailers become more understanding of what consumers want, the way they choose to market their …

Trends

China Regulator to Launch Campaign to Clean Up E-Commerce, Online Ads

<b>BEIJING, China —</b> Chinese authorities will launch a campaign to clean up e-commerce — targeting trademark violations, counterfeit and poor quality products and the faking of transactions to boost a merchant's online rankings, the official People's Daily said.<p>It did not name any specific companies …

China

Walmart Steps Up Search for Retail Tech from Startups

Walmart (wmt) wants you. If you're a tech startup with a way to solve today's retail problems for the world's largest retailer, that is.<p>This week, …

Can American Retailers Kick Their Discounts Addiction?

Rampant discounting at American retailers is creating a race to the bottom, shrinking profit margins and diminishing brand value. Where will it end?<p><b>NEW YORK, United States</b> — Over the past month, American specialty retailer J.Crew has run at least one sales promotion every single day. Last weekend, …

Study: Shoppers take to in-store video ads

There’s a great deal of buzz over the digital out-of-home (OOH) advertising industry. OOH is a form of advertising that reaches consumers when they are outside of their homes, for example, in public places such as billboards or commercial locations and malls. eMarketer projected digital OOH …

eCommerce

Alibaba pours a total of $1B into Southeast Asia e-commerce platform Lazada

Alibaba just took a big step in its Southeast Asian expansion journey. The company said today that it has pumped a total investment of about $1 billion into Lazada, in a deal that makes it the e-commerce platform’s controlling shareholder.<p>This includes $500 million in newly-issued equity capital, …

The Best London Retailers For Streewear and Sneakers

London’s reputation as a destination for contemporary fashion is on the rise. While names like Selfridges and Harrods have pioneered in the retail …

Mobile Marketing To Boost Shopper Experience In The Health & Beauty Experience

We all know mobile phones have changed the way people shop. Those high tech devices have empowered most of us with great tools to get content to make …