Start Ups

  1. Channel: Delivery

Zapp launches London-based ultra-fast delivery Period Store

On-demand delivery big hitter Zapp has announced a new Period Store, selling the likes of organic tampons and pads, menstrual cups and liners, along with treats like a hot water bottle, magnesium products and chocolate to boost oxytocin and relieve menstrual strain.  This will launch in London on Saturday for National Period Hygiene Day. For […]
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  1. Corporate Finance

Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. This time, it’s a startup that was in the news this January: Namibia-based JABU, whose $3.2 million seed round we covered. Now, the last-mile distribution e-commerce company has […]
3 min read
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  1. Technology & Innovation

Five retail technology questions for Liam Patterson, CEO, Bidnamic

RTIH asks major players in the retail technology space for their thoughts on the sector, and throws in a random question to keep them on their toes. This time around, our five questions go to Liam Patterson, Co-Founder and CEO at Bidnamic (pictured above on the left). RTIH: Looking at the hottest retail technologies right […]
2 min read
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  1. Media & Marketing

Digitally Native Brands Hit The Wall

  Despite all the hype, after gobs of venture capital investment, several high profile IPO’s and some big moves into physical retail, the OG’s of the new wave of DTC are running into trouble. Most of the digitally native brands that were supposed to disrupt the retail industry (think Warby Parker, Stitch Fix, Allbirds, Caspar, […]
2 min read
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  1. Channel: Ecommerce & Digital

Ocado to purchase robotics start-up Myrmex for £8.1m

Ocado is purchasing materials handling robotics start-up Myrmex Inc for £8.1m ($10.2m), it announced on Monday. The online supermarket acquired a minority stake in Athens-based Myrmex in 2020 and assigned… The post Ocado to purchase robotics start-up Myrmex for £8.1m appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. International

The Very Group back on track for £4bn IPO

The Very Group is expected to be floated on the London Stock Exchange in mid-2023, after the owners called off the plans for a £4bn IPO last year due to… The post The Very Group back on track for £4bn IPO appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Media & Marketing

Bidnamic bags $5m Series A funding from Gresham House Ventures

Google Shopping e-commerce marketing platform Bidnamic has completed a $5 million Series A funding round led by Gresham House Ventures.  This marks the UK-based venture’s first institutional investment. The round also included existing angel investors, such as Marin Mayer, co-founder of Booking.com, Chris Forrest, board advisor to Net-A-Porter, and Luke Judge, former CEO at Incubeta. […]
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  1. Partnerships & Alt Profit

clicOH’s shipping technology provides Amazon-like logistics to e-commerce companies in LatAm

E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years, the current consumer demands to receive orders on time and packaged correctly will only increase. For decades, e-commerce giants, like Amazon and MercadoLibre, have perfected the logistics and delivery technology for their marketplaces, but […]
2 min read
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  1. Channel: Ecommerce & Digital

Ocado Group looks to acquire robotics startup Myrmex

Ocado Group has announced the proposed acquisition of materials handling robotics startup Myrmex for approximately €10.2 million. The two companies expect to complete the deal by 6th June. Ocado Group previously acquired a minority stake in Myrmex in October 2020 and appointed it to design and develop a proprietary solution, Automated Frameload, that automates the […]
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  1. Retail Ecosystem

FloorFound grabs more capital to grow its oversized recommerce business

While we had the chance to be at home more over the past few years, you may have spruced up a home office or replaced a couch. However, once the new item was in your home, you may have had some buyer’s remorse or the item didn’t live up to its website photo. In any […]
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  1. Trends & External Forces

Dutch Fintech in3 raises $85.3 million series B round and announces partnership with Mollie

in3, a Dutch ‘Buy-Now-Pay-Later’ (BNPL) fintech has today announced a $85.3m Series B funding round from the British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital.  Launched in 2018, in3 gives consumers the option to pay in 3 instalments without interest or other hidden costs. Current customers […]
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  1. Technology & Innovation

Seven retail technology funding rounds you need to know about

RTIH rounds up the retail systems ventures who have been making waves with major investments, including Flink, buymie, Next, Storyblok, and GreyOrange. 1. Nexite Nexite, whose Bluetooth tag and SaaS merchandise platform delivers real-time in-store sales intelligence aligned to customer behaviour, has raised $67 million in a Series C round of funding, and $100 million […]
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  1. Technology & Innovation

TechCrunch+ roundup: DTC data strategy, starting up solo, insuretech growth versus risk

Because solo founders don’t have to run decisions past anyone, they exert near-total control over their startup’s mission. But you’ve got to pay the cost to be the boss: A shot-caller must be comfortable with making decisions under pressure and needs to be adept at fundraising, recruiting, onboarding, managing … well, everything. According to Russ […]
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  1. Media & Marketing

GreyOrange bags $110 million for automated fulfilment platform

Blackrock Capital Group and Mithril Capital Management Group have announced a $110 million investment in robotic fulfilment and inventory optimisation software firm GreyOrange. GreyOrange, which works with the likes of Walmart and H&M, says it will use the cash to “accelerate the company’s technology leadership, continue our global expansion and further support the adoption of […]
2 min read
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  1. Technology & Innovation

VC Investments for Tech Startups Drop 26% in Q1 2022

Startups that had previously been seen as darlings have had to lay employees off and cut spending, canceling projects and generally scaling back ambitions, due to a seriously changed economy, The Wall Street Journal (WSJ) wrote Monday (May 16). This is all part of what WSJ characterizes as a changed playing field for companies, even […]
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  1. Start Ups

Former Gymshark chairman joins fashion resale start-up Haru

Former Gymshark chairman Paul Richardson has been appointed as chairman of fashion resale start-up Haru. The ecommerce company enables retailers, including clothing brands, to accept and resell pre-loved products, while… The post Former Gymshark chairman joins fashion resale start-up Haru appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Channel: Delivery

Instacart Files Confidentially for IPO After 40% Valuation Reduction

Instacart has moved closer to a planned IPO after confidentially submitting a draft registration statement with the SEC on May 11, 2022, although specific details were not revealed. While Instacart shared a valuation of $39 billion following a $265 million funding round in March 2021, by March 2022 the company had slashed its valuation by […]
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  1. International

US grocery delivery giant Instacart files for IPO

US online grocery delivery platform Instacart has announced it has filed a draft registration statement with the US Securities and Exchange Commission (SEC), which if approved, allows it to list… The post US grocery delivery giant Instacart files for IPO appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Channel: Delivery

Instacart Begins IPO Process

The Wall Street Journal this morning reports that Instacart filed “confidentially” a draft registration statement with the US Securities and Exchange Commission (SEC), a first step in the process of an initial public offering (IPO). The New York Times explains that a confidential filing means that “it does not yet have to disclose certain data […]
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  1. Shopper & Customer

Tidio raises $25M to automate customer service interactions

During the pandemic especially, it’s become overwhelming for small- and medium-sized businesses (SMBs) to answer all of their customer service requests. A Freshworks survey found that companies experienced a 71% increase in overall contact volume between February 2020 and January 2021, and expect it to increase further. At the same time, customers — while empathetic […]
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  1. Media & Marketing

Lolli announces Shake Shack Bitcoin partnership

Lolli users can now earn free Bitcoin rewards at Shake Shack when they shop with the former’s new Card Boost feature. In an online post, Lolli says: “Just link any debit or credit card on the Lolli app for iOS and activate a Shake Shack Card Boost before heading to Shake Shack to make a […]
2 min read
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  1. Data & Insights

Nexite raises $67M for its new approach to tagging and tracking merchandise in physical stores

When it comes to commerce innovation, physical retail often feels like it gets the short end of the development stick against newer, faster-growing, more quantifiable (and still far from perfect) digital channels. But physical retail is far from disappearing altogether, and today a company that’s built a solution very specifically targeted at improving data around […]
5 min read
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  1. Data & Insights

Nexite bags $67 million for tagging and tracking merchandise in stores

Nexite, whose Bluetooth tag and SaaS merchandise platform delivers real-time in-store sales intelligence aligned to customer behaviour, has raised $67 million in a Series C round of funding, and $100 million overall. It plans to use both for R&D as well as to roll-out services to its first customers. The funding round was led by […]
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  1. Corporate Finance

As markets shift, MercadoLibre’s falling share price shows no company is safe

The declining valuations of major technology companies, including a host of recent IPOs, were partially triggered by lackluster guidance. As we saw this morning with Upstart, guidance can trump trailing results when it comes to setting investor sentiment about any particular company. For one company currently in the public market penalty box, however, the picture […]
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  1. Technology & Innovation

Self-Checkout Solution Provider Raises $62.5 Million

Mashgin, a self-checkout solution powered by AI and computer vision, has raised $62.5 million in Series B funding at a $1.5 billion post-Series B valuation, making it a so-called “unicorn.” The funding round was led by NEA, joined by existing Mashgin investor Matrix Partners. Mashgin plans to use the investment to grow its team, accelerate […]
2 min read
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Editor’s Choice

  1. Channel: Dollar/Value
  2. Channel: Dollar/Value
  3. Corporate Strategy
  4. Corporate Finance
  5. Department: Consumer Durables
  6. Media & Marketing
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Operations & Supply Chain
  11. Stores & Formats

Dollar General post strong sales gains in first quarter

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […]
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  1. Data & Insights
  2. Corporate Strategy
  3. Department: HBC
  4. Media & Marketing
  5. Data & Insights
  6. Shopper & Customer
  7. Trends & External Forces
  8. Merchandising

CVS to launch virtual primary care solution

WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […]
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  1. Retailer Media
  2. Corporate Strategy
  3. Media & Marketing
  4. Retailer Media
  5. Data & Insights

22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way

Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. 
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  1. Technology & Innovation
  2. Partnerships & Alt Profit
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer
  6. Technology & Innovation
  7. Trends & External Forces
  8. Associates & Employees
  9. Merchandising
  10. Operations & Supply Chain
  11. Stores & Formats

Developing a Perfect Store Strategy in 2022

In 2022, the perfect store is rooted in constant evolution — a system that maybe isn’t perfect in every moment, but is agile always, malleable when needed, and capable of critical self-reflection. These innate characteristics of the modern perfect store are supported by, and in return support, the adoption of a few important technologies and […]
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