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Daily Crunch: Falling short of analysts’ estimates, Warner Bros. Discovery posts $2.1B net loss for Q4 2022

TechCrunch

Fashion layoffs : Secondhand apparel marketplace Poshmark is now laying off employees just two months after being acquired by Naver, Kate reports. net loss for Q4 2022 by Christine Hall originally published on TechCrunch Discovery revealed that it lost another $2.1 billion in the fourth quarter. Lauren explains more. Rebecca has more.

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The power players of retail transformation: IoT, 5G, and AI/ML on Microsoft Cloud

CIO

Retail customers are looking to achieve net zero goals by creating sustainable value chains and reducing the environmental impact of their operations,” says Marianne Röling, Vice President Global System Integrators, Microsoft. “TCS’ With 5G-enabled smart mirrors, a person can virtually try on apparel.

Retail 256
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Actual, which renders company ESG data in a SimCity-like platform, raises $5M seed

TechCrunch

Trying to deal with the huge amount of data associated with how companies are going to transition to a “net zero” economy is an uphill task. It also says it has companies like Allbirds, Giga and VF Corp (a global apparel and footwear co.), The interface of numbers would tax even the geekiest of CEOs.

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Fitness startup Aarmy reinvents itself for a remote fitness world

TechCrunch

Beyond the classes, Aarmy has also launched an apparel business, selling a variety of fitness gear on its own website and via Net-a-Porter. In fact, the company says this side of the business has already brought in $450,000 in sales.

Apparel 190
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As Allbirds goes public, sustainability is the mantra of the future

TechCrunch

It started with a humble, natural wool (and extremely comfortable) shoe, but Allbirds is not merely an apparel company today. Allbirds rings the bell on the Nasdaq? today and has chosen an apt ticker to do it: BIRD. It has now become a materials innovation company disrupting how clothes are made.

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Balance raises $25M in a Ribbit Capital-led Series A to grow its ‘consumer-like B2B checkout platform’

TechCrunch

What that means is that Balance has built a B2B payments platform that allows merchants to offer a variety of payment methods, including ACH, cards, checks and bank wires, as well as a variety of terms, including payment on delivery, net payment terms and payment by milestone. They include Bryzos, Choco, Zilingo and Bay Supply, among others.

B2B 189
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Next-day package delivery startup Veho valued at $1B following $125M Series A

TechCrunch

Veho wants to make the delivery experience so awesome that it facilitates trust between the consumer and e-commerce company so that consumers return to order again.

Retail 242