Technology

US vs. Europe: Taking on Retail Technology
January 6, 2016 at 11:13 am

The end goal of all retail companies is to hear the cha-ching of the cash register. But getting there is rarely an easy path. Retailers must make a series of decisions before the cash register rings, and one misstep along that decision path can cost them big. In fact, these missteps equate to $1.1 trillionโ€ฆ

Meet the Millennials Changing How We Shop
January 5, 2016 at 11:03 am

Between them, theyโ€™ve raised hundreds of millions of dollars in venture funding. Theyโ€™ve launched high-tech e-commerce platforms and Main Street brick-and-mortar stores. Theyโ€™re turning media sites into customer bases, creating affordable bespoke and luxury products and making the historically murky supply chain more transparent. Meet the retail and e-commerce 30 Under 30 class of 2016.

3 Gifts the Internet of Things Will Bring to Retailers
December 21, 2015 at 11:22 am

While retailers are using the Internet of Things (IoT) in many different ways, most have one goal in common: to build customer loyalty and engagement. In fact, itโ€™s already evident that both retailers and consumers are beginning to reap the benefits from more intelligent technology. The onslaught of smart sensors and devices, interactive store layouts,โ€ฆ

J.C. Penney Shoppers Visit Santa's Workshop in New Virtual Reality Initiative
December 16, 2015 at 12:00 pm

Santa's going virtual in a new marketing push from J.C. Penney this holiday season. In an effort to drive more shoppers to the brand and its stores, the Plano, Tex.-based retailer has set up four virtual reality experiences at malls around the country. Dubbed "Twas the Flight Before Christmas," the initiative sends participants โ€” outfittedโ€ฆ

Tracking Mood: Are Your Customersโ€™ Emotions the Key?
December 2, 2015 at 10:07 am

Online stores have a huge advantage with targeted marketing. From the moment you land on ASOSโ€™ website, your path is monitored and analyzed. Click on a skirt or jumper, and youโ€™re invited to โ€œshop the lookโ€ or told โ€œyou might also like.โ€ Leave the website to check the news on The Wall Street Journal orโ€ฆ

New Balance Pushes Ahead in Design Race to Bring 3-D Printed Shoes to Consumers
November 20, 2015 at 10:55 am

In an attempt to appeal to design-conscious consumers, major athletic shoe brands like Nike and Adidas have been investing heavily in 3-D printing. Now, New Balance is aiming to beat both to the finish line. Yesterday, the company announced a new running shoe model that incorporates a 3-D printed midsole. The shoe will be availableโ€ฆ

Former eBay Exec Looks to Build Nest-Like Experience for Retailers
November 18, 2015 at 10:23 am

Almost a year ago, Healey Cypher was proudly showing Forbes around eBayโ€™s retail innovation lab, a secretive arm of the e-commerce giant that he had built from scratch to develop technology for brick-and-mortar stores. Having cobbled together funds and uncovered a forgotten office space a few miles from the companyโ€™s San Jose headquarters, the 31-year-oldโ€ฆ

Fossil to Buy Wearable Maker Misfit for $260M
November 13, 2015 at 10:08 am

Fossil has agreed to acquire Misfit, a maker of wearable devices, for $260 million to shore up its technology as it pushes into smartwatches. Misfit makes a variety of wearable devices, such as fitness and sleep-tracking wristlets and a clip-on smart button that tracks activities. Fossil singled out Misfit's battery-life technology as a particularly appealing component.

Wal-Martโ€™s Use of Sci-Fi Tech to Spot Shoplifters Raises Privacy Questions
November 10, 2015 at 9:56 am

Retailers are scanning shoppers with high-tech tools to automatically pick out suspected thieves, absent rules to protect privacy. In the old days, when a store caught someone stealing, a detective would march the thief to a backroom and take his picture with a Polaroid camera. The photo would be added to the retailerโ€™s in-house rogues galleryโ€ฆ

Lowe's is Opening a Hardware Store in Space (Kind Of)
October 30, 2015 at 10:32 am

Lowe's is taking 3-D printing to new heights. The home improvement chain has partnered with manufacturing company Made in Space to equip the International Space Station with a 3-D printer. Starting next year, astronauts will be able to print Lowe's-branded tools like ratchets and bolts. The printer is meant to save room while also helping astronautsโ€ฆ