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Snap quietly acquired 3D-scanning startup Th3rd last year

TechCrunch

In April 2022, the company introduced tools that turn retailers’ photos into 3D assets and launched an in-app destination for AR fashion and virtual try-on called “Dress Up.” In March 2021, Snap acquired Fit Analytics to further its AR-fueled move into e-commerce. In July 2021, it acquired 3D and AR commerce company Vertebrae.

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TryNow raises $12M to bring try-before-you-buy, Prime Wardrobe as a service to online retailers

TechCrunch

TryNow — which provides technology to online retailers that use Shopify Plus to let their customers receive and try out apparel, return what they don’t want and pay only for what they keep — has raised $12 million, funding that it will be using to continue expanding its business.

Retail 253
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The power players of retail transformation: IoT, 5G, and AI/ML on Microsoft Cloud

CIO

Video and visual analytics ensure that trucks are filled before they leave the warehouse or distribution center, consolidating deliveries into fewer trips. With 5G-enabled smart mirrors, a person can virtually try on apparel. Sensors and other IoT devices track inventory and ensure that products are safe and secure.

Retail 222
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Expat CIOs: IT leaders broaden horizons with global experiences

CIO

For others such as Brian Ferris, chief data, analytics, and technology officer at loyalty, marketing, and data analytics consulting firm Loyalty NZ, leading IT abroad was about “gaining huge value in seeing different issues and learning different ways of approaching problems, something that can’t be learnt out of a book.”

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How is AI Used in Retail Business?

Exadel

A StyleMatch app by Asos has a catalog of more than 80,000 items from a range of brands with a feature that enables customers to find matching apparel. Or you can visit a virtual fitting room to see if an item really works for you. Virtual fitting rooms. Dynamic price optimization and prediction. million by 2025.

Retail 52
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Extra Crunch roundup: Unpacking BuzzFeed’s SPAC, curb your meeting enthusiasm, more

TechCrunch

In the last year, online apparel shopping app Shein grew active daily users by 130%, reports Apptopia. Each day, thousands of new products arrive on the app’s virtual shelves. Reform your startup’s meeting culture. Why Amazon should pay attention to Shein. Image Credits: Shein. Inside GM’s startup incubator strategy.

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Unlocking the Power of Minneapolis Billboards: From Traditional to Digital Out-of-Home (DOOH) Advertising

Strategy Driven

For example, a sports apparel brand can target digital billboards near sports stadiums to reach sports enthusiasts or display ads for fitness products in neighborhoods with a high concentration of gyms. Real-time updates and dynamic messaging ensure that your ads remain relevant and engaging to consumers.