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Retail giant Walmart announced this morning it’s acquiring the Tel Aviv-based startup Zeekit , which allows consumers to virtually “try on” clothing when shopping online. The goal is to provide a similar experience to trying on clothing when shopping online as you would otherwise have had when in a retail store.
Walmart is expanding its array of virtual try-on services for shoppers with today’s news that it’s planning to acquire Memomi , an AR optical tech company and current Walmart partner offering virtual try-on experience for eyewear. With the addition of Memomi, the retailer says the interest was both in the tech and the team.
students Kedan Li, Jeffrey Zhang and Min Jin Chong, is creating what they consider to be the first tool using existing catalog images to process at a scale of over a million garments weekly, something previous versions of virtual dressing rooms had difficulty doing, Li told TechCrunch. co-founders Jeffrey Zhang, Min Jin Chong and Kedan Li.
Over the past three years, it has tagged more than 250 million images and says its increased conversions for its retail customers by 10% on average. She told TechCrunch that one of the biggest challenges faced by online retailers is cart abandonment, often because of poor site search and product discovery.
This forced retailers to accelerate their online strategies, finding new ways to capture shoppers’ attention without in-store samples. Virtual beauty try-on technology, like the ones developed by Perfect Corp., ’s technology is also used for in-store retail, e-commerce and social media tools. ” Perfect Corp.
Reducing waste is key to meeting environmental milestones, and some retail firms have narrowed in on a unique approach to minimize what their customers throw away: personalization. For big brands and retailers, personalization is expected to be the top category for tech investment this year. AR virtual try-on with shade matching.
The future of retail is omnichannel The last three or four years have changed retail forever. 1 But despite some of the benefits of online sales, this isn’t all good news for retailers. 2 Dell Developing omnichannel omniscience requires edge data insights Now, more than ever, the edge is valuable territory for retailers.
One company that is planning to drive the wave of telemedicine across the continent, as the Covid-19 pandemic rages on, is mPharma , a Ghanaian health tech start-up that is set to open 100 virtual centers across seven markets in Africa over the next six months. This is what makes mPharma’s telemedicine unique,” Rockson told TechCrunch.
AI practitioners and industry leaders discussed these trends, shared best practices, and provided real-world use cases during EXLs recent virtual event, AI in Action: Driving the Shift to Scalable AI. Generative and agentic artificial intelligence (AI) are paving the way for this evolution. Its a driver of transformation.
The future of digital retail has arrived in Paris, naturally. Today, SPIN by lablaco, launched its first digitized retail experience called Web3 Fashion: The Origin Story at the famed Galeries Lafayette Champs-Élysées. Or in other words, no one wants to be the person listed on the blockchain who threw their turtleneck into the bin.
But as of now, few merchants outside of retail giants such as Starbucks offer that ability. Ansa will bring the virtual wallets used by the Starbucks of the world to every local coffee shop and quick service restaurant.” Ansa is a startup emerging from stealth today that wants to change that. Happy to respect anonymity requests.
At a recent virtual conference, Jhina said that the coronavirus pandemic, which prompted New Delhi to order a nationwide lockdown and put restrictions on e-commerce firms , has illustrated just how crucial neighborhood stores are in people’s lives. One of them is India’s largest retail chain Reliance Retail, which serves more than 3.5
Non-fungible tokens (NFTs) offer new ways for consumers to collect, wear and trade fashion online, and now that most fashion shows have scaled back or gone virtual , they may become an important tool for the industry. In December 2020, NFT startup Enjin partnered with Netherlands-based fashion house The Fabricant on a virtual collection.
Does the average person want to shop for apparel in virtual reality (VR)? But not everyone agrees — particularly those who hope to build a business out of VR retail. Launched in 2019, the idea came from one of the co-founders, Olga Dogadkina, who previously worked in the luxury retail sector.
On an upcoming episode of Extra Crunch Live , we’ll sit down with Emergence’s Lotti Siniscalco and Retail Zipline’s Melissa Wong to discuss all that and more. Melissa Wong, on the other hand, has spent 10 years in retail communications at Old Navy. The event goes down on Wednesday, June 23 at 3 p.m. ET/noon PT.
In a world with thousands of categories, millions of products and hundreds of millions of consumers, when an individual walks into a virtual storefront, a company will be able to make remarkably specific predictions. And theyll get this level of granularity without needing a thousand-person operation or a billion-dollar data analytics budget.
On an upcoming episode of Extra Crunch Live , we’ll sit down with Emergence’s Lotti Siniscalco and Retail Zipline’s Melissa Wong to discuss all that and more. Melissa Wong, on the other hand, has spent 10 years in retail communications at Old Navy. The event goes down on Wednesday, June 23 at 3 p.m. ET/noon PT.
Thanks to cloud, Internet of Things (IoT), and 5G technologies, every link in the retail supply chain is becoming more tightly integrated. Shanthakumar, Solution Architect – IoT, Retail Business Unit, TCS. With 5G-enabled smart mirrors, a person can virtually try on apparel.
Startups have sought to use technology to digitize processes in Africa’s B2B e-commerce and retail space over the past couple of years. When traditional distributors move goods from manufacturers and suppliers to retailers, they collect cash through a network of agents. 1,000 (~$2.00) to create virtual accounts.
Hybrid events won’t give teams a chance to bond over karaoke, but with a tight agenda and a compelling theme, you can create a virtual or hybrid SKO that people will actually want to attend. One recent survey of sales and marketing professionals found that only half of respondents said they were likely to attend an event in H1 2022.
Few verticals have undergone as massive a change as retail in the last couple of years. Driven by cutthroat competition and significant shifts in customer expectations, retail companies are striving to align themselves with the changing landscape, with IT playing a crucial role in their ability to achieve this.
Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like IKEA. The company, which doubles as a manufacturer and retailer, can be likened to Wayfair and now-defunct Made.com. We’ve done a lot of work with less. Made.com raises another $56 million.
Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns.
Everlywell has also expanded availability of its products this year, with distribution in over 10,000 retail locations across Target, Walgreens, CVS and Kroger stores across the U.S. But what is new is the expanded reach, and the realization among many Americans that virtual care and at-home options are available, and are effective.
Solivan brings her keen insight as an early-stage investor who has invested in and helped many early-stage companies spanning consumer tech, marketplaces, hardware and retail — but also her eight years of experience leading TaskRabbit, the startup she founded and led to a successful exit when it was acquired by IKEA in 2017.
To reduce that waste, and give retailers another option for their used goods, Richter has launched FloorFound. “We are trying to put retailers in the resale business with their own return inventory.” The company is designed to manage furniture returns and resale for online merchants. Minneapolis-based Yardbird raised $4.4
” Now that the program is almost entirely virtual, Fielding said she felt free to “open up the geos.” After conducting last year’s accelerator virtually, Fielding said the hardest element to recreate has been the in-person camaraderie between the founders.
The early-stage startup has invented tech that attaches to the trolley and uses cameras to detect and label products, adding them to a virtual cart where shoppers can checkout without ever interacting with a human or waiting in a line. . as well as another two in the works and some other plans in Europe that can’t yet be confirmed publicly.
In partnership with AiFi , a startup that aims to enable retailers to deploy autonomous shopping tech cost-effectively, Microsoft today launched a preview of a cloud service called Smart Store Analytics. It might sound like a lot of personal data Smart Store Analytics is collecting. million purchases to date.
The shift to personalized customer experiences will fuel investments in AI, logistics, and payment solutions in the retail sector. Government Services: AI chatbots and virtual assistants will streamline public services, improving citizen engagement and reducing administrative burdens.
The coronavirus has impacted the way that accelerators work , Y Combinator and Techstars moved to live, virtual programming, which has the opportunity to be more accessible to parents or people who cannot relocate to Palo Alto for three months out of the year. Here’s a look at Ready, Set, Raise’s third cohort of startups: ?
Traditional real estate companies are amongst the many investors flocking to stake their claim on plots of land in virtual worlds like Decentraland and Sandbox. 10,000 virtual items in the store sold out in the span of an hour, she added. 3 views: Is the metaverse for work or play?
While it still manages parking lots, it now it adds infrastructure for cloud kitchens, healthcare clinics, logistics and last-mile delivery, and even old school brick and mortar retail and experiential consumer spaces on top of those now-empty parking structures and spaces. on potential partnerships). Image Credit: REEF Technology.
Security has risen up the agenda in online gaming as virtual goods and services connected to games can be highly susceptible to fraud or theft. To better reflect our user numbers, we had to quickly expand our team to 130.”.
Each community leader has a virtual shop where the neighbors place their orders, which Tushop aggregates for bulk orders to manufacturers or other producers – like farmers. In Kenya, distributors sourcing from manufacturers generally define the price of goods, which is, however, often inflated by the distributors and retailers. “I
To compete with retail banks, many newcomers are offering customers credit and debit cards ; developer-friendly APIs make issuance relatively easy, and tools for managing processes like KYC are available off the shelf. Virtual events startups have high hopes for after the pandemic. Image Credits: Yuichiro Chino / Getty Images.
Just a decade ago, the use of augmented and virtual reality in healthcare was deemed science fiction. Animal testing can be reduced, and human clinical trials can be expedited using AR and VR (Virtual Reality) technology, referred to as “virtual patients” or “organs-on-a-chip.”
mPharma was originally founded in 2013 by Rockson , Daniel Shoukimas and James Finucane to manage prescription drug inventory for pharmacies and their suppliers, retail pharmacy operations and provide market intelligence to hospitals, pharmacies and patients. Other investors include Northstar, Social Capital, Novastar and TO Ventures.
Last year, Klasha’s consumer product allowed users in Nigeria, Ghana and Kenya to create virtual cards, fund with their respective currencies and send and receive money. In an interview, Anuna said the company would revamp the app to help retailers such as ASOS, Zara and H&M accept payments from African consumers.
We can’t continue using cookie-cutter solutions that hardly change whether you’re selling enterprise software for health tech or retail solutions. For a financial services company, the solution might be putting all their products on a virtual marketplace and minimizing customer contact with reps.
Hexa’s roots can be traced back to 2015, when Atias was working in the retail industry for brands like Walmart and H&M. Atias co-launched Hexa with Ran Buchnik and Jonathan Clark first as a virtual dressing room platform aimed at bridging the massive disconnect. million in total capital.
A company from the creator of Ello and Kidrobot is announcing a new $20 million funding round to build out an imagined virtual world populated with deranged-yet-cute cartoon influencers. “I’m more interested in connecting the real world, not just doing stuff that’s all virtual,” Budnitz said.
– Tech-enabled, virtual respiratory care provider that makes it easy to take the unknown and unmanageable out of respiratory illness and give control back to the patients suffering from it. Mindset Medical – Delivers a portfolio of proprietary virtual technologies that advance the full continuum of patient care.
Theyve lived there since COVID legitimized the virtual workforce. They might not like living in the Land of Zoom (or Teams, or Meet), but not only do they interact there, theyre expected to figure out how to live and work there all on their own.
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