retail
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Target and Cartwheel apps to merge starting this summer, mobile payments and improved maps to follow
Target’s mobile app strategy will undergo a significant change, starting this summer. The retailer announced this week it will soon combine the functionality of its Cartwheel savings app with its main shopping app, in preparation for an eventual Cartwheel shutdown. The Target app will also receive a notable upgrade this year, adding support for an indoor map that shows your location in… Read More
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Runchkins is Trunk Club for kids, with an optional buy-back power-up
You know what it’s like… you’ve just bought the cutest little outfit for the tiniest person in your family, and they promptly go and grow out of it. If that sounds familiar, Runchkins might just be about to become your most favoritest startup. The concept is simple: You buy clothes, your kid wears ’em, and once the little one has grown out of ’em, you can sell… Read More
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Munchery tries to win over commuters with a pop-up shop in San Francisco
Food delivery startup Munchery is trying its hand at brick-and-mortar sales, opening a pop-up shop in San Francisco that we spotted this week. In the competitive and cluttered market for online food delivery, Munchery is distinct in that it sells chef-prepared meals that just need to be heated, or meal kits with recipes and pre-measured ingredients to its members and other customers.… Read More
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Kohl’s rolls out its own mobile payments platform, Kohl’s Pay
Larger retailers are beginning to offer their own alternatives to emerging mobile payment systems, like Apple Pay, Android Pay and Samsung Pay. Today the latest to launch its own, independent mobile payment platform is department store chain Kohl’s, which has now integrated “Kohl’s Pay,” along with its loyalty and rewards programs, into the company’s mobile app.… Read More
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Baker raises $1.6 million to help marijuana dispensaries get customers in the door
The average seed round in the nascent cannabis industry in the U.S. hovers around $1 million, according to hemp and cannabis-focused investment research by Poseidon Asset Management. But Denver-based Baker Technologies Inc. has raised $1.6 million in seed funding for software that helps marijuana dispensaries win new customers, eliminate long lines in stores, and retain and reward their… Read More
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Affirm is partnering with Expedia and Eventbrite so you can pay for experiences over time
Affirm has made it no secret that its success will hinge on its ability to offer customers a wide range of retail partners where they can frequently use Affirm to pay. While the lending startup originally launched with niche partners like Casper mattresses and Boosted Boards, they have recently partnered with mainstream retailers like Home Depot and J. Crew with the hopes of tempting a… Read More
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Blispay, the financing program for SMBs, raises $12.75M in seed funding
Big box retailers like Best Buy and Target have all kinds of financing card programs for their customers. But smaller and medium-sized merchants have no way to give their customers the same kind of financing plans. Until now. Blispay is a new startup founded by Greg Lisiewski, formerly of BillMeLater, which was acquired by PayPal for nearly $1 billion in 2008. From that point, he served as… Read More
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Transforming how retail banking works
Mobile is changing how people work, travel, read, communicate, shop and many other lifestyle behaviors. In the Internet Trends 2015 report by KPCB, mobile engagement is better than ever, with three hours of time spent per day on mobile devices in 2015 compared to an hour per day five years ago (a 300 percent increase). Adding to this, there was 69 percent and 23 percent annual worldwide growth… Read More
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FiveStars Gets $50M To Help Small Retailers Run Loyalty Programs Like Their Bigger Rivals
FiveStars, a five year-old startup that has built a platform and app to run loyalty programs and shopping analytics for small brick-and-mortar retailers, has received a reward of its own: the company has raised a round of $50 million, funding that it plans to use to continue its focus on “mom and pop shops” and building its brand and business across the U.S., CEO and… Read More
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Smartphone-Driven Holiday Sales Nearly Doubled In 2015
The shift to smartphones as a preferred means of online shopping is continuing to have an impact on the e-commerce industry, according to new data released by Adobe this morning. During the 2015 holiday sales season, including both November and December, smartphones nearly doubled their share of sales over the year prior, accounting for 17 percent of sales versus tablets’ mere 11 percent. Read More
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