article thumbnail

VCs to recommerce startups: Let’s pop some tags

TechCrunch

It’s largely due to the changing cultural and societal value placed on sustainability. Within apparel and textiles alone, billions of dollar’s worth of products are destroyed, discarded or warehoused each year because brands overproduced or the item didn’t sell. That’s 5x faster growth than the overall retail market.

article thumbnail

TryNow raises $12M to bring try-before-you-buy, Prime Wardrobe as a service to online retailers

TechCrunch

TryNow — which provides technology to online retailers that use Shopify Plus to let their customers receive and try out apparel, return what they don’t want and pay only for what they keep — has raised $12 million, funding that it will be using to continue expanding its business.

Retail 253
article thumbnail

Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”

Fashion 192
article thumbnail

Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch

Josh Kaplan and Dee Murthy, both founder and co-CEO of the Los Angeles–based company, started Ghost in 2021 after previously working together at Four Five Group, a men’s apparel business. Naturally, they started in apparel but are also seeing opportunity in beauty and home goods. to develop some sweet inventory-planning software.

Apparel 232
article thumbnail

Analyze customer reviews using Amazon Bedrock

AWS Machine Learning - AI

Customer reviews can reveal customer experiences with a product and serve as an invaluable source of information to the product teams. By continually monitoring these reviews over time, businesses can recognize changes in customer perceptions and uncover areas of improvement.

article thumbnail

The toilet paper startup backed by Marc Benioff, Dara Khosrowshahi and Robert Downey Jr. now sells paper towels

TechCrunch

Thought , Tasc , Free Fly Apparel , all make bamboo clothing; and Bite has a bamboo toothbrush to go with its plastic-free toothpastes and flosses. has grown so substantially that, in recent years, Canada has ranked third globally in its rate of intact forest loss — behind only Russia and Brazil — mostly due to logging, the NRDC said.

Apparel 241
article thumbnail

AI at the retail edge: What’s new, and what’s coming soon

CIO

With Walmart®, Target, Macy’s, and Nordstrom all mandating RFIDs from suppliers, 2 and RFIDs already in use by 93% of retailers, 3 the technology is finally reaching the critical mass the apparel industry needs. RFID can even enable self-service checkouts in the apparel industry.

Retail 187