Archive for July, 2017

Michael Kors buying itself some high-end shoes

July 29, 2017 Leave a comment



July 25, 2017

Luxury fashion accessory player Michael Kors Holdings is buying high-end shoe maker Jimmy Choo in a $1.2 billion deal.

The acquisition, according to a New York Times report, could prove to be a bonanza, given the brands’ highly respected lines and the fact that they sell to various consumer populations.

The deal comes months after news that handbag fashion house Kate Spade is being acquired by Coach for $2.4 billion. Jimmy Choo went up for sale this past April, according to the report.

“For Michael Kors, this deal presents an opportunity to enter the high end of the luxury market, to increase sales and to diversify away from its own brand, especially at a time when it is experiencing declining same-store sales,” Jonathan Buxton, head of consumer and retail at investment bank Cavendish Corporate Finance, told the Times.

“We believe that Jimmy Choo is poised for meaningful growth in the future,” John D. Idol, Michael Kors CEO and chairman, stated in a release.

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Simple, speedy checkout the future of grocery

July 28, 2017 Leave a comment


   Home Subscribe Advertise        
 .  July 28, 2017

Today’s Rundown

  1. Simple, speedy checkout the future of grocery
  2. Retail Roundup—ApplePay discounts in China, Blue Apron founder steps down

Featured Story

Simple, speedy checkout the future of grocery

Today’s grocery shopper has high expectations. Consumers are looking for great service, lower prices, higher quality, personalized rewards and more checkout options. In addition, they want these services in a timely manner—no lines in stores and no lengthy fields to fill out in digital.

Top Stories

Retail Roundup—ApplePay discounts in China, Blue Apron founder steps down

ApplePay offers discounts in China, Blue Apron’s founder and COO steps down, Hy-Vee plans large-format convenience stores, plus more need-to-know news from the world of retail.


[eBook] Creating a Unified, Personalized Shopping Experience with Live Data

Tracking shoppers across channels and serving up useful products and solutions in real time is within reach. Download this eBook to learn how to successfully compile data from all available sources into actionable information.

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SOASTA Targets Differentiated Cloud Testing, Digital Quality with Analytics

July 28, 2017 Leave a comment
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Four trends driving high tech manufacturers to collaborate with non-high tech companies

July 27, 2017 Leave a comment


To read this pls open this link:



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Retail jobs at risk in the face of automation

July 27, 2017 Leave a comment


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July 27, 2017

Today’s Rundown

  1. Retail jobs at risk in the face of automation
  2. Video ad watching up 19%
  3. Retail Roundup—Raley’s adds health positions; Abercrombie sells on Tmall

Featured Story

Retail jobs at risk in the face of automation

Nearly 16 million people work in retail in the U.S., and it’s estimated that almost half could lose their jobs to robots over the next decade. A new study shows that 7.5 million retail jobs are expected to be automated in the next 10 years, with cashiers most likely to be affected.

Top Stories

Video ad watching up 19%

Consumers’ response to video advertising is on the rise and was up 19% in the latest quarter, according to a new second-quarter benchmark report from Extreme Reach.

Retail Roundup—Raley’s adds health positions; Abercrombie sells on Tmall

Raley’s Supermarket focuses on wellness, Abercrombie & Fitch adds more brands on China’s Tmall site, an activist investor sells its stake in Whole Foods, plus more need-to-know news from the world of retail.


[eBook] Creating a Unified, Personalized Shopping Experience with Live Data

Tracking shoppers across channels and serving up useful products and solutions in real time is within reach. Download this eBook to learn how to successfully compile data from all available sources into actionable information.

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Holiday Email Marketing Guide: How Day of the Week and Offer Type Impact Email Performance

July 26, 2017 Leave a comment


The holiday season is often the busiest and most lucrative time of the year for many brands. In 2016, holiday sales increased
by 4 percent over 2015, generating revenue of $658.3 billion.1

In addition, online sales increased by 12.6% year-over-year which
shows that holiday shopping is transforming with the shift to ecommerce. To help brands capitalize on trends as they plan
their 2017 holiday email marketing initiatives, Yes Lifecycle Marketing analyzed almost 8 billion emails sent in Q4 2016 via its Yesmail360 platform. Our analysis uncovered insights spanning email engagement and conversion rates and identified key
takeaways that can help brands drive sales during the 2017 holiday season.

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July 25, 2017 Leave a comment


The New York Times

Tuesday, July 25, 2017

Your Tuesday Evening Briefing
Good evening. Here’s the latest.
Shawn Thew/European Pressphoto Agency
1. Vice President Mike Pence cast the tiebreaking vote that allowed the Senate to begin debate on a bill to repeal the Affordable Care Act.
Senator John McCain, above, made a dramatic return to Washington, casting a crucial vote despite his diagnosis of brain cancer.
In a speech afterward, he said even though he voted today to debate the bill, he would not support the current version without major changes and cautioned his colleagues to ignore “bombastic” pundits. Here’s how each senator voted.
Tom Brenner/The New York Times
2. At the White House, President Trump met with Prime Minister Saad Hariri of Lebanon. But attention was focused, not surprisingly, on Mr. Trump’s attacks on his own attorney general, Jeff Sessions. Watch Mr. Trump’s news conference.
Mr. Trump’s former campaign chairman, Paul Manafort, met with investigators from the Senate Intelligence Committee. And the Senate Judiciary committee issued a subpoena for him to appear at a hearing on Wednesday.
We scoured the internet for the best political writing from the right and left on Mr. Sessions, Jared Kushner and other names in the news this week.
Saul Loeb/Agence France-Presse — Getty Images
3. There was an uproar over President Trump’s speech on Monday night at the Boy Scouts of America National Jamboree in West Virginia.
The quadrennial event, above, attracts tens of thousands of people, and very often, presidents, who usually speak about service, values and citizenship. But Mr. Trump used the speech to rail against “fake news” and recount his election victory.
Scouting offices were besieged with phone calls and some alumni were warning they would withhold support from the group, though others said they liked the speech. The Scouts issued a statement that the group was “wholly nonpartisan.”
Ryan David Brown for The New York Times
4. Ryan Zinke, the enthusiastic new interior secretary, above center, has been traveling across millions of acres of national parks and wilderness since his appointment. “No one loves public lands more than I do,” he says.
Back at Interior Department headquarters, political appointees with ties to the oil and gas industry are rolling up their sleeves. They’re working quickly to roll back the conservation efforts put in effect by the Obama administration.
We took a look at what they’ve done so far, and what’s coming next.
Sandy Huffaker for The New York Times
5. As the government has increased security on the Mexican border, drug cartels have been forced to get creative.
We took a look at the surprising ways smugglers try to get contraband into the U.S. About two million pounds of illegal drugs were seized at the border last year.
Drugs were hidden in vehicles, tucked inside limes and watermelons, carried through tunnels, stashed on trucks and speedboats, and even catapulted across the border. This video shows the weirdest places contraband was found. Above, a Customs and Border Protection agent searched a vehicle.
6. A neuropathologist has examined the brains of 111 N.F.L. players — and all but one were found to have C.T.E., the degenerative disease linked to repeated blows to the head.
C.T.E. causes myriad symptoms, including memory loss, confusion, depression and dementia. The problems can arise years after the blows to the head have stopped. The brains were from players of all ages and all positions on the field.
“It is no longer debatable whether or not there is a problem in football — there is a problem,” said the pathologist, Dr. Ann McKee, whose findings were published in The Journal of the American Medical Association.
James Brooks/Associated Press
7. Employees at a Wisconsin technology company are volunteering to have microchips implanted in their hands to make unlocking doors and paying for food easier.
The program — a partnership between the firm, Three Square Market, and the Swedish company Biohax International — is believed to be the first of its kind in the U.S.
It raises a variety of questions, both privacy- and health-related, but that didn’t seem to dampen the employees’ enthusiasm. “I like to jump on the bandwagon with these kind of things early,” one engineer explained.
Spencer Platt/Getty Images
8. The high-end fashion company Michael Kors is buying the shoe brand Jimmy Choo for about $1.2 billion.
Jimmy Choo could give Michael Kors — once the runaway leader of the “accessible luxury market” that has been vulnerable to declining sales — a new avenue for growth with its upmarket aura.
In other business news, the ride-sharing service Lyft is rolling out a “Taco Mode” that will allow you to add a stop at Taco Bell between 9 p.m. and 2 a.m. They call it “experience innovation.”
Whitten Sabbatini for The New York Times
9. We finally got around to attending the Procrastination Research Conference in Chicago. (O.K., and we published this a few days ago, but it’s still plenty relevant.)
Our reporter said the most interesting fact she learned was that only 20 percent of people are true procrastinators — and that’s a number that holds steady around the world.
But that doesn’t mean you can’t fight the urge. We asked readers for tips on how to beat procrastination, and compiled our own findings here.
Comedy Central
10. Finally, the late-night hosts were forced to bid farewell to one of their favorite punch lines: Sean Spicer, who resigned as White House press secretary on Friday.
“He wanted to spend more time not answering his family’s questions,” Stephen Colbert quipped. Also worth a watch: “The Daily Show” compiled some of their favorite moments from his press briefings, while “The Tonight Show” had him singing “I Will Survive.”
Have a great night.
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Sensing Weakness, Uber’s Asian Rivals Make $2.5 Billion Play

July 24, 2017 Leave a comment

JULY 24, 2017

The ride-hailing company Grab is competing with Uber for dominance in Southeast Asia. CreditEdgar Su/Reuters

HONG KONG — In East Asia, Uber’s biggest rivals smell blood.

Grab, the Singapore-based ride-sharing company competing with Uber for dominance in Southeast Asia, said on Monday that it expected to raise $2.5 billion in a new fund-raising round, in part with the help of the onetime major Uber competitor Didi Chuxing, which outmaneuvered its American rival in China.

The round will include a combined $2 billion from Didi and the Japanese tech investment giant SoftBank that would value Grab at more than $6 billion, according to a person familiar with the deal who was not authorized to speak on the record.

In laying down such a big pile of cash, Didi and SoftBank are betting that they can repeat what they pulled off in China, where Uber ultimately sold its operations to Didi in exchange for a 17 percent equity stake. More recently, Uber made a similar move in Russia, forming a partnership with Yandex.Taxi to cut down on competition there.

With a big, young, tech-savvy population, Southeast Asia has been an enticing market for tech companies, though large cultural and language differences across the region complicate matters. Analysts generally point to Grab as the market leader, but Uber remains competitive in several markets. In some places, local rivals have also mounted challenges.

Now well-stocked with cash and focused exclusively on the region, Grab is aiming to push out Uber. In part, it is likely hoping to capitalize on recent turmoil: Last month, a shareholder revolt at Uber led to Travis Kalanick’s stepping down as chief executive, as Uber was exposed as having a workplace culture that included sexual harassment and discrimination, and policies that pushed the envelope in dealing with law enforcement and even partners.

The investment also raises questions about Uber’s partnership with Didi. While the two are now partners in China, the investment announced Monday makes it clear that elsewhere, Didi still views Uber as a competitor. In the statement, Didi’s founder and chief executive, Cheng Wei, pointedly showed which side he was on, saying Grab had established “clear leadership in Southeast Asia’s internet economy.”

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JustStyle weekly roundup

July 24, 2017 Leave a comment
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A Widening Gap Within Brick and Mortar

July 24, 2017 Leave a comment


Back-to-school shopping patterns signal deeper chasm between winners, losers

Author: Andria Cheng

July 20, 2017

Emerging shopping patterns in the back-to-school season underscore changing dynamics within the brick-and-mortar sector, and a widening gap between haves and have-nots.

The brick-and-mortar have-nots? Traditional department stores and clothing retailers. The percentages of both parents and students who plan to shop at either of those channels declined sharply over 2016 levels, according to a Deloitte back-to-college study released this week.

Deloitte surveyed more than 1,000 students and parents each. The percentage of parents who plan to do school shopping in traditional department stores for their college-going kids plunged 17 percentage points to 34%, down from 51% in 2016.

That was the most dramatic decline for either retail format among both age groups, but in all cases the declines exceeded 10 percentage points—a troubling slide in a single year.

By contrast, stores like TJX Cos.’s TJ Maxx, already outperforming in the sector, were cited by many back-to-school shoppers, young and old. Some 31% of parents said they plan to do their back-to-college shopping in off-price stores, up 20 percentage points from a year earlier. Among students, the measure jumped an even larger  28 percentage points to 39%, the Deloitte survey showed.

Fast-fashion players like H&M and Forever 21, which have whittled away the market for traditional specialty clothing retailers such as Abercrombie & Fitch, appear to be grabbing an even bigger share of back-to-school sales. The percentage of students who said they will shop at fast fashion clothing retailers jumped 20 percentage points to 43%.

With consumers’ increased focus on convenience, and with chains like Walgreens making an increased back-to-school push and stocking items like backpacks and other school supplies, drugstores may also have a shot at winning some back-to-school share too: the percentage of college students who said they plan to do back-to-school shopping at drugstores surged 21 percentage points to 36%.

Meanwhile, mass merchants like Walmart and Target were favored by both parents and students. Some 72% of college-going students said they would shop at mass merchants, up 29 percentage points from a year earlier. The percentage of parents mentioning that channel jumped 20 percentage points to 73%.


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One possible explanation could be found in mass merchants’ aggressive back-to-school advertising spending. While this year’s data isn’t yet available, a Kantar Media study released this week found that Walmart and Target were the top 2 back-to-school advertisers between May 23 and Oct. 2 last year. Why is this relevant? US adults with school age kids 18 or younger are 62% more likely to consider advertising as the most important deciding factor in their buying decision, the study found.

As smartphone penetration rises and schools increasingly become more digital, it looks like electronics retailers also will play a bigger role in where consumers shop this back to school: the percentage of parents who cited shopping at home electronics stores jumped 10 percentage points to 33%, according to the Deloitte survey.

That’s also why non-traditional back-to-school players like AT&T are increasingly flexing their marketing muscle to compete for their share of consumers’ wallet: Kantar Media study found that AT&T upped its back-to-school spending last year eightfold to become the third-largest back-to-school advertiser in 2016, only after Walmart and Target. Meanwhile,   Best Buy increased its spending six times, Kantar Media study showed.

The Deloitte finding on where people will shop for college needs generally mirrors the trends observed in a recent survey conducted by Prosper Insights & Analytics for the National Retail Federation.

Among back-to-college shoppers, online was the undisputed winner and the biggest share gainer: 44% of shoppers said they will buy online, up from 37.5% in 2016, the Prosper Insights survey showed. The percentage of shoppers citing electronics stores also rose to 15.5% from 14.3% in 2016, albeit down from a peak of 21% in 2012. Indeed, while gadgets are increasingly coveted, electronics retailers from HHGregg to RadioShack have filed for bankruptcies after failing to compete against the likes of Amazon and bigger physical rivals like Best Buy.

Echoing the Deloitte survey, the Prosper Insights study also found year-over-year percentage declines among consumers doing back-to-college shopping at department stores, office-supplies retailers and clothing stores. In contrast to the Deloitte finding, the percentage of those shopping at discount stores in the Prosper Insights survey painted a less optimistic picture for the segment: it dropped to 40% this year from 43.7% in 2016 and down from nearly 54% in 2011.

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Elevate Your Off-Price Businesss

July 24, 2017 Leave a comment

Open this link from INTURN

Elevate Your Off-Price Business

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Clothing retailer drives mobile shopping forward with Shopgate app platform

July 24, 2017 Leave a comment



July 20, 2017

Texas Humor, a clothing brand focused on state pride, is using Shopgate’s mobile commerce platform to build an enhanced mobile shopping app for customers.

The quest is to both help shoppers and achieve deeper customer engagement via unique content capabilities, and lead to higher sales conversions, according to a press release.

The mobile app allows Texas Humor to further connect with customers through advanced features including push notifications, abandoned cart reminders and exclusive mobile content, delivering a true-to-the-brand mobile shopping experience.

“We have high engagement rates with our customers, and our statistics showed most people were buying our products off of mobile devices,” said Jay B. Sauceda, founder, Texas Humor, in the release.

“We wanted to provide a mobile app that served as an entirely different experience from our website. With Shopgate, we have been able to continue utilizing our well known ‘humor’ by marketing our products through targeted push notifications, resulting in even greater customer engagement. As a small company, we didn’t have the means to develop a custom mobile app ourselves. Shopgate has allowed us to generate user-friendly content and target our customers in a way we know they like to shop: on their phones.”

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Mobile messaging app usage is expected to hit a milestone in 2017

July 21, 2017 Leave a comment


Mobile messaging app usage is expected to hit a milestone in 2017: For the first time, over three-quarters (76.3%) of the world’s smartphone users will use one.
July 21, 2017
eMarketer Releases Latest Estimates for Worldwide Messaging App Usage

Mobile messaging app usage is expected to hit a milestone in 2017: For the first time, over three-quarters (76.3%) of the world’s smartphone users will use one. Full Article

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China Is Set on Becoming the World’s Leader in AI

China’s government just announced a plan to invest billions in the country’s artificial intelligence efforts. A few other factors will also give China a great chance to surpass the US in the sector within a few years. Full Article

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Streaming’s Surge Helps Digital Dethrone CDs in Germany

Surging revenues from streaming sites played the primary role in dropping CDs’ share of Germany’s music industry sales below 50% in 2017’s first half, with the overall market for music in the country growing by nearly 3%. Full Article

Data Feed

Millennial Habits: Research from finds that millennials spend their money differently than older generations. For example, millennials spend roughly $233 per month on both dine-in and takeout meals. In contrast, older peers spend about $182.

Fleeting Impressions: Just 37% of UK desktop internet users who found an article via search, and less than half (47%) of those who read a story via social media, could correctly name the news organization that published the article two days later, according to an April study by the Reuters Institute for the Study of Journalism at the University of Oxford. By comparison, 81% of users who directly arrived on a story could later recall where it was published.

More Data

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The world’s first inventory crowdfunding platform.

July 20, 2017 Leave a comment


The world’s first inventory crowdfunding platform. When fans support the growth of brands they love, everyone wins.

Boulder, Colorado, USA

Verify Investor Status to make a reservation


Connect with Company


$1,655,000 of $3,000,000

Kickfurther is raising $3,000,000 with a minimum reservation of $25,000. Numbers displayed include non-binding reservations before investors are verified, signed, or closed.



  • Round led by Tim Draper at Draper Associates
  • Winner of PitchIt at LendIt
  • Over $16m of inventory funded and $1m of profit paid already


Kickfurther is an entirely new way to fund businesses. Now anyone can support the growth of brands and products they believe in, and earn significant profit while doing so.


$19m of inventory funded

JUNE, 2017

13.9k user accounts, 3k activated users

JUNE, 2017

SXSW FinTech Finalist

MARCH, 2017

90% successful funding rate

JUNE, 2017

Hubspot InBound Pitchoff Finalist


Xtreme Tech Challenge Top 10


Winner PitchIt@LendIt

APRIL, 2015

Matriculated through Boomtown Accelerator




Can anyone participate on the Kickfurther platform?

Kickfurther is open to anyone in the United States over the age of 18. This is because users on Kickfurther have the opportunity to sell the inventory they buy to earn profit quicker. If the inventory doesn’t sell, users can take delivery of the inventory they purchased to do with as they choose. If you wanted to buy and sell inventory today, you could do so through AliExpress and Shopify. Kickfurther makes it easier by pairing users with businesses that already have successful products and have the need for more inventory.

Why did you start Kickfurther?

I used to run a merchandising business and my sales grew from $600k to over $1m within the first two years. With that growth came larger purchase orders and, when I went to market to find a financing solution, I found the rates to be exorbitantly high and coupled with extremely onerous terms. At the same time, the cash I had sitting in my bank account was earning 0.05% interest annually. It didn’t make sense that capital could both be very cheap and very expensive at the same time. Kickfurther was born from the realization that there had to be a more efficient solution.



Team Member Name

Draper Associates

Draper Associates, your delightful early-stage VC firm. We invest in big crazy ideas.
Team Member Name

BoomTown Accelerator

Team Member Name

Bill Tai

Venture Capitalist, Educator & Athlete

Computer chip designer turned VC. Stayed on as a Public Company Board member for 7 of my startups with another dozen that listed where i was an also an inves…
Team Member Name

Alex Bogusky

As a founder of CP+B Alex has been featured on the cover of Fast Company and was named Creative Director of the Decade by AdAge. As an angel investor …





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Goodby to a Friend and Colleague

July 19, 2017 Leave a comment

Henry Cherner, AIMS360 Managing Partner, 66

Henry Cherner, a Los Angeles pioneer in software programs for the fashion industry and an apparel industry veteran, passed away suddenly from a heart attack on Sunday. He was 66.

Cherner, was in the apparel business for decades before transitioning into the world of fashion technology as a managing partner of software company AIMS360. He was also a founding board member of Fashion Business Inc., a Los Angeles nonprofit business incubator that helped startups and young apparel companies become more successful. He was on the FBI board since the organization’s inception in 1999 and was an advisory board member of the California Fashion Association.


Through FBI and his affiliations with a number of fashion schools and universities, he was instrumental in teaching thousands of fashion students and aspiring apparel entrepreneurs how to use software solutions such as enterprise resource planning (ERP), an integrated program to manage core business processes. He also donated millions of dollars in software programs to be used in classrooms in some 14 educational institutions.

Cherner, whose parents were Holocaust survivors, was born in Gothenburg, Sweden, moving to St. Louis when he was 3 years old. A year later, his family moved to Los Angeles. He graduated from Fairfax High School and later received his bachelor’s of science degree from California State University – Northridge.

His first foray into the apparel industry was with his own company called Casablanca, which made leather goods inspired by the movie “Casablanca.”

From the mid 1970s to the late 1980s, he was managing director of import/export for Condor, a sportswear company, as well as owner of Zephyr Group, which manufactured children’s suspenders and accessories licensed for Disney Products. In the early 1990s, he was operations manager for OK SAM, which imported women’s rayon clothing from Bali, Indonesia.

By 1992, he had become the president of AIMS Technology Solutions Inc. and later one of four managing partners at AIMS360, the successor to AIMS Technology.

Cherner was a generous donor of his time and money to help fashion students, burgeoning apparel companies and small businesses get off the ground. Early this year, he donated more than $200,000 worth of AIMS360 software to FBI’s Fashion Merchandising Program.

“He really went out of his way to help us to help the people we were helping,” said Frances Harder, FBI’s founder. “He got what we were doing and always supported us. It was sad to see him go.”

Most recently, Cherner was focused on educating students and young people about software systems and technology. “Henry had a heart of gold. He was one of the original FBI board members,” said Trish Concannon, FBI’s president. “He had a passion for teaching people.”

Bob Berg, director of international business development at Sourcing at MAGIC, met Cherner some 15 years ago when Berg was working at Hana Sportswear and was looking at software programs to control costing and production. “Henry was a very knowledgeable person but a very down-to-earth person. You would never know how successful he was and how generous he was with his time to help companies,” said Berg, who also was an FBI board member for several years. “He was a really good person and a good ambassador for the industry. He was always a real pleasure to talk to and had time for everybody.”

Rob Greenspan, the president of Greenspan Consult and an FBI board member, said Cherner offered one of the first computer systems for Los Angeles’ apparel industry that was affordable for smaller and mid-size companies. “He was young and vibrant,” Greenspan said. “He cared about the people in the industry and enjoyed helping people.”

Ilse Metchek, another long-time apparel industry veteran and president of the California Fashion Association, was shocked to hear about Cherner’s death. “Henry was off on his next career,” she said. “His next avocation was to make a very clear difference with the business and professional knowledge of college students from all over the country.”

Shahrooz Kohan, one of AIMS360’s four managing partners, said everyone in the office was surprised to hear of his death. “Driven by his passion for education, Henry played a pivotal role in helping shape AIMS360 and has been a valuable asset to this company throughout the years,” Kohan noted. “He was around the fashion industry for a very long time and people really respected him and let him help them when they were getting their business going. They really took his advice into consideration. I was always surprised to hear a client say, ‘If it weren’t for Henry, I wouldn’t be here.’ Some of the brand owners had heard him talk when they were students. He gave them tips and advice.”

His daughter Ariella Schrader said he was passionate about educating and inspiring students so they could be successful. She said he touched many people across the industry and treated everyone he came in contact with as if they were family. “Whether it was a small phone call with a student, or an important meeting with a big client – he took great pleasure in helping other people succeed,” she said. “He loved his career and often brought his kids to visit clients, instilling the same ethics he used in business with his family. On July 16th, the LA fashion industry lost an iconic figure and the Cherner family lost a loving husband, brother, nurturing father and doting grandfather.”

Besides his daughter Ariella, Cherner is survived by his wife, Miriam Scharf Cherner, two sons, Dac and Noah Cherner, daughter Leanna Cherner and granddaughter, Presley Schrader.

Funeral services are scheduled for 10 a.m. on Tuesday, July 18, at Mount Sinai Cemetery, 5950 Forest Lawn Drive, Los Angeles.

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