technology

Retail
Report: Amazon To Buy Startup Zoox

According to a recent media report, Amazon has reportedly agreed to buy self-driving startup Zoox Inc. in a deal worth more than $1 billion that gives the company options to use autonomous technology in either ride-hailing or its delivery network.

Appliances
Drop Gains New Funding

Smart kitchen platform Drop has gained $13.3 million in Series A funding co-led by Alpha Edison and Morpheus Ventures with participation from Act Venture Capital.

Retail
Target Acquiring Same-Day Delivery Technology From Deliv

Target is planning to acquire technology from Deliv, a startup that focuses on last mile batched delivery. As more consumers are getting what they need through online orders, the proprietary last mile platform being bought from Deliv will help the retailer explore new ways to deliver packages even quicker while lowering shipping costs, the company said.

Retail
Overstock Appoints Weight Chief Technology Officer

Overstock has appointed Joel Weight as chief technology officer for its retail shopping site. Weight is a nine-year veteran of Overstock’s family of companies, most recently serving as chief operations officer at Medici Ventures, Overstock’s wholly owned subsidiary and blockchain accelerator.

Retail
Ron Johnson Wants Consumers To ‘Enjoy’ Smart Home

Among the early highlights of the National Retail Federation Big Show in New York, former Target, Apple and J.C. Penney executive Ron Johnson discussed how his new company, Enjoy, is helping to make electronics, including smartphones and, potentially, smart home products, more user friendly by providing a helping hand in setting them up, right in consumer homes.

Retail
Ikea Partners With Optoro To Optimize Returns Technology

Ikea Retail U.S. is partnering with Optoro, a provider of returns optimization technology. Optoro’s technology will be implemented in 10 Ikea distribution centers, 50 retail stores, and the customer support center in the U.S., and the company is exploring the potential to expand the partnership into other markets.

Other
The Future Won’t Wait

The future is now for Matt Woods. The CEO of Woods Hardware, with five full-line hardware stores in the Cincinnati area, took home the 2018 Reimagine Retail award at the National Hardware Show for reinventive vision and execution by independent home improvement retailers.

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