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Jason Del Rey / Recode:
Walmart acquires Brooklyn-based Parcel, which offers logistics for same-day delivery in NYC; source says price was less than $10M   —  The deal was small but key to Walmart's new express delivery service.  —  Walmart.com will soon begin offering same-day delivery to some customers in New York City …
Oct 3, 2017, 2:18 PMIn context
Jason Del Rey / Recode:
Sources: Birchbox has held acquisition talks with several retailers, including Walmart   —  The startup received a $15 million lifeline from investors in 2016.  —  Birchbox has recently been discussing a potential sale with several retailers, multiple sources told Recode.
Aug 9, 2017, 1:45 PMIn context
Jason Del Rey / Recode:
Amazon has quietly rolled out free smart home consultation and $99 in-home product installation service in seven markets   —  The new service is aimed at educating customers about “the smart home” — and, naturally, about Alexa.  —  For 15 years, Best Buy's Geek Squad installation …
Jul 10, 2017, 12:22 PMIn context
Jason Del Rey / Recode:
Sources: Venmo is testing its own physical debit card   —  Plastic is so hot right now.  —  Venmo has been testing its own version of a physical debit card that would allow people who use its app to make purchases in brick-and-mortar stores using money stored in their Venmo account, according to multiple sources.
Jun 24, 2017, 11:15 AMIn context
Jason Del Rey / Recode:
Chinese e-commerce firm JD.com invests $397M in London-based luxury boutique marketplace Farfetch, with JD.com CEO Richard Liu joining its board   —  The deal will help London-based Farfetch expand its Chinese operations.  —  JD.com, Alibaba's largest rival in the Chinese e-commerce market …
Jun 22, 2017, 11:35 AMIn context
Jason Del Rey / Recode:
Amazon tests Prime Wardrobe, a new service that lets customers try up to 15 pieces of clothing at a time, with bigger discounts the more they keep   —  Prime Wardrobe is currently in beta.  —  Following in the footsteps of a host of e-commerce startups, Amazon's fashion division is testing …
Jun 20, 2017, 11:20 AMIn context
Jason Del Rey / Recode:
Home design firm Houzz is raising a $400M round at a $4B valuation, source says led by Iconiq Capital   —  The company expects to close a deal for a new $400 million investment.  —  Houzz, the popular photo site used by homeowners to plan renovations, is finalizing a new funding round …
Jun 9, 2017, 12:55 AMIn context
Jason Del Rey / Recode:
E-commerce startup Spring raises $65M round led by Fidelity Investments, bringing the total raised to around $100M   —  As legacy players stumble, an e-commerce upstart gets a big cash infusion.  —  With traditional department stores struggling, the mutual fund giant Fidelity is placing …
May 12, 2017, 5:25 PMIn context
Jason Del Rey / Recode:
Sources: NBCUniversal paid around $230M for Craftsy, a site that sells videos of crafts classes, as well as craft supplies and kits   —  Put one in the win column for content + commerce.  —  It turns out content and commerce can be a valuable mix.  —  Earlier this week …
May 12, 2017, 1:45 PMIn context
Jason Del Rey / Recode:
Founder of Nucleus, which raised $5.6M from Alexa Fund, and now faces competition from similar Echo Show device, says Amazon crippling its Alexa Fund ecosystem   —  Another cautionary tale for would-be Amazon partners.  —  When the investment arm of Amazon's Alexa division led …
May 10, 2017, 1:25 PMIn context

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