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Bits & Bytes | The RealReal Hunts for Funding, Robots to Replace Humans in Retail

This week, the luxury resale company wants to raise $100 million in funding, while JD.com's Richard Liu says AI will take over retail.
By
  • Victoria Berezhna

The RealReal Hunts for More Funding Amid IPO Buzz (Retail Dive)
"Re-commerce upstarts like The RealReal, which has snagged the luxury end of the market, are growing 20 times faster than the broader retail market and five times faster than off-price retailers, which offer a similar treasure hunt."

Robots Will Replace Humans in Retail, Says JD.com's Richard Liu (The Business of Fashion)
"Robots will eventually replace human workers in the retail industry, the chief executive of Chinese e-commerce company JD.com predicted. However, Liu said he thinks it will take another decade for technology and shoppers to be ready for fully automated stores."

The Ethically Murky Marriage of Technology and Beauty (Engadget)
"While on the surface company efforts appear to be well-meaning efforts to promote diversity and inclusivity, the industry needs to carefully examine every step as it moves forward or risk exacerbating problems around perceived ideals in beauty."

What Does the Amazon Echo Look Mean for Personal Style? (Racked)
"The Echo Look won't tell you why it's making its decisions. And yet it purports to show us our ideal style, just as algorithms like Netflix recommendations and Spotify Discover feeds promise us an ideal version of cultural consumption tailored to our personal desires."

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