Amazon is buying Whole Foods for almost $14 billion
Amazon’s push into groceries and retail just got serious.
Walmart has confirmed it is buying Bonobos for $310 million
Walmart’s M&A spree continues.
Hudson's Bay Confirms $250 Million Acquisition of Gilt Groupe
Gilt had raised about $280 million in venture capital and was once valued at more than $1 billion.
As Department Stores Close, Stitch Fix Expands Online
The start-up had $730 million in sales last year and raised just $42 million, a relatively modest sum for a high-flying Silicon Valley start-up.
"There's been a lot of innovation around being the cheapest or fastest," she said in an interview at one of the company's warehouses south of San Francisco. In her view, what was important was helping customers find clothing they liked without taking lengthy shopping trips and returning dozens of items.
Amazon dominates every market it touches - now it's coming for fashion
At the beginning of the year, Amazon quietly launched seven private label apparel brands, with most SKUs in men's accessories, women's dresses, and handbags. In April, it added its own lingerie line with cut-rate prices.
Customers have certainly shown they're willing to buy clothes from Amazon: in 2016, Amazon registered the most apparel sales of any online retailer in the US for those 18-34...Amazon held 6.6 percent of the apparel market"
Amazon's new $200 Echo Look camera will judge your outfits
Amazon today announced a new device for the Echo family: the Echo Look, a "style assistant" camera that helps catalog your outfits and rates your look based on "machine learning algorithms with advice from fashion specialists." Imagine it as a smart mirror of sorts - you can talk to the Echo Look to take full-length photos or short videos to check out your outfit from seldom-seen angles.