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.
Successful social media acquisitions require keeping both talent and technology in place. Neither is likely to happen in a deal for the Chinese app, writes Dave Lee.
TikTok’s first time sponsoring the glitzy event comes just as the US effectively deemed the company a national security threat under its current ownership, raising complications for Condé Nast and the gala’s other organisers.
BoF Careers provides essential sector insights for fashion's technology and e-commerce professionals this month, to help you decode fashion’s commercial and creative landscape.
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.