The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SN FRANCISCO, United States — Walmart Inc's technology incubator, Store No 8, said it bought virtual reality startup Spatialand to build VR products for the retailer's stores and websites.
Spatialand, which worked with Store No 8 on a VR project last year, is a software platform that helps create virtual reality experiences.
Store No 8 principal Katie Finnegan will serve interim chief executive of the new VR company, Walmart's tech incubator said in a blog post on Monday.
Spatialand's Kim Cooper and Store No 8 consultant Jeremy Welt will assume senior roles in the new firm, it said.
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The financial terms of the deal were not disclosed.
The news comes as retailers seek technology advancements to improve in-store and online customer experience.
In January, e-commerce giant Amazon.com Inc launched its checkout-free grocery store Amazon Go, which relies on cameras and sensors to track what shoppers remove from the shelves, and what they put back.
By Shubham Kalia; editor: Gopakumar Warrier.
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.