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Jason Del Rey / Recode:
Sources: Walmart is developing a text message-based personal shopping service that delivers household items in under 24 hours and an Amazon Go-style smart store   —  This ain't your grandpa's Walmart.  —  When Walmart paid $3 billion for Jet.com and its founder Marc Lore …
Dec 20, 2017, 12:40 PMIn context
Jason Del Rey / Recode:
Target says it plans to acquire grocery delivery platform Shipt for $550M in cash and will run it as independent unit; Shipt has 170 staff and has raised $65M   —  Target will offer same-day delivery from half of its stores by summer.  —  Another domino just fell in the wake of the Amazon-Whole Foods acquisition.
Dec 13, 2017, 11:57 AMIn context
Jason Del Rey / Recode:
Stitch Fix CEO Katrina Lake is the first woman to lead a US tech IPO this year; she built a profitable business with nearly $1B revenue in under 6 years   —  Founder and CEO Katrina Lake is the first woman to take an internet company public this year.  —  On the day Stitch Fix publicly filed paperwork …
Nov 18, 2017, 9:35 PMIn context
Jason Del Rey / Recode:
Williams-Sonoma acquires AR 3D imaging startup Outward for $112M in cash   —  The deal marks the first technology acquisition under CEO Laura Alber.  —  Williams-Sonoma, the home furnishings company that also owns the West Elm and Pottery Barn retailers, has agreed to acquire …
Nov 16, 2017, 8:25 PMIn context
Jason Del Rey / Recode:
Square partners with BigCommerce for anonymized transaction data to pre-qualify more merchants for loans   —  Merchants using delivery service Caviar will also be eligible for Square Capital loans.  —  Last summer, Square began offering loans to non-Square merchants with the help of a restaurant software partner called Upserve.
Oct 24, 2017, 2:40 PMIn context
Jason Del Rey / Recode:
Amazon to shut down its five-year-old Amazon Wine business December 31, 2017, but will still offer wine via Amazon Fresh, Prime Now, and Whole Foods Markets   —  Amazon Wine will close up shop at the end of this year.  —  Amazon notified wine sellers on Monday that the company would shut …
Oct 23, 2017, 7:25 PMIn context
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

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