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Bits & Bytes | Smart Mirrors, Softwear, Snap Lowers Valuation

This week, brick-and-mortar retailers toy with the idea of high-tech dressing-room mirrors, and Snap Inc. has lowered its valuation ahead of its imminent IPO.

Inside a dressing room | Source: Shutterstock

By

Edwin Jiang

21 February 2017

"'Smart Mirrors' Are Coming to a Fitting Room Near You" (Bloomberg)
"Since e-commerce began threatening stores last decade, retailers have been trying to make their locations operate more like the web. Yet despite splurging on the latest bells and whistles, they've mostly failed and fallen further behind their online rivals."

"Snap Lowers Valuation Expectations in Highly Awaited IPO" (Reuters)
"Snap Inc set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control."

"Software or Softwear?" (1843 Magazine)
"Even though the fashion business relies on passing fads to keep the consumer interested, many of the products sold under the flag of luxury are built to last. Personal tech, conversely, is built to be surpassed."

"Alibaba Extends Brick-and-Mortar Retail Push With Bailian Deal" (Reuters)
"Shanghai-based Bailian Group is one of China's largest retailers by sales, operating 4,700 outlets in 200 cities including supermarkets, convenience stores and pharmacies. Alibaba has an active user base of around 500 million."

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