Menu
RSS
Trending:
New - Holiday Hub
Retail Strategy & Planning Series
Retail Innovation Conference
Retail TouchPoints Live!
Financial News

Which retail companies have reported the most successful year-over-year growth? How much did company X spend on its latest expansion? In the Retail TouchPoints Financial News section, industry insiders can find out what their peers are spending and how they are faring in the marketplace. This information can be useful for future implementation strategies, real estate ventures and growth opportunities.

SheerID Raises $64 Million In Latest Funding Round

SheerID Raises $64 Million In Latest Funding Round
Identity marketing solution provider SheerID has raised $64 million in an equity round led by CVC Growth Partners. The new investment will allow SheerID to expand its platform to multiple geographies, helping companies worldwide engage an even broader range of consumer “tribes” such as students, teachers and the military. SheerID has achieved 450% revenue growth over the past three years and expanded its customer base to more than 200 companies, including Target, Amazon, Lowe’s, Comcast, Google, T-Mobile and Urban Outfitters. Brands use the SheerID Identity Marketing Platform to identify and acquire consumer tribes related to their occupation, interests, causes and affiliations. Brands can use personalized offers backed by instant verification via 9,000 authoritative data sources to reach tribe members.

Q3 Earning Season Kicks Off: Alibaba Excels, Walgreens And Wayfair Stumble

‘Tis the season for retail earnings, and so far, pre-holiday numbers are varying dramatically from company to company. Amazon kicked things off with its first quarterly net income drop (26% to $2.1 billion) since 2017, largely related to the company’s $800 million investment in improving its one-day delivery capabilities. The volatility has continued with reports from a range of retailers, including Alibaba, Walgreens, Tapestry and Wayfair. At one end of the spectrum, Alibaba once again achieved a highly promising Q3 ahead of its biggest shopping event. On the other, Walgreens had a stunningly poor quarter even after the company revealed in August that it was closing 400 stores. Weak sales from the Kate Spade division of Tapestry have affected the entire company’s Q3, and Wayfair is struggling with high operating and customer acquisition costs that are raising doubts about its continued viability.

Namogoo Raises $40M In Series C Funding Round

Namogoo, which offers solutions designed to prevent customer journey hijacking online, has raised $40 million in a Series C funding round. Led by Oak HC/FT along with existing investors GreatPoint Ventures, Blumberg Capital, and Hanaco Ventures, this round brought the company’s total funding to $69 million. Additionally, Matt Streisfeld, Partner at Oak HC/FT, will join the Namogoo Board of Directors. The solution provider will use the funding to expand client-side platform offerings, including the launch of its Customer Privacy Protection solution. This solution mitigates against customer privacy risks associated with third- and fourth-party vendors running on company applications. 

Logistics Platform Fabric Raises $110 Million In Funding

Logistics Platform Fabric Raises $110 Million In Funding
Fabric, a logistics platform for enabling on-demand fulfillment, has closed on a $110 million Series B funding round led by Corner Ventures with participation from Aleph, Canada Pension Plan Investment Board (CPPIB), Innovation Endeavors, La Maison, Playground Ventures and Temasek. The platform provider will use the money to accelerate its growth in the U.S., where it is building infrastructure for micro-fulfillment centers designed to improve last-mile logistics. Fabric’s solutions enable micro-fulfillment, such as a 6,000 square foot fulfillment center that is capable of processing up to 600 orders a day. The customizable facilities can be designed with each retailer’s personal inventory level, desired reach and capital expenditure requirements in mind. The solution is suited for both home delivery and restocking storefronts.

Cole Haan Files For IPO, Share Price Range Remains Undetermined

Two months after word got out that the footwear retailer was preparing for an initial public offering (IPO), Cole Haan confirmed it has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC) as part of its proposed IPO. The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined. The IPO will debut after the SEC completes its review process. In August, Cole Haan, owned by private equity firm Apax Partners, had been in the process of starting discussions with investment banks, according to a Bloomberg report. But timing of a possible offering has not been disclosed.

Trigo Raises $22 Million To Scale Checkout-Free Technology

Trigo, a computer vision platform providing checkout-free technology to grocery retailers, has raised $22 million in a Series A funding round. With the funds, Trigo seeks to scale its technology in stores larger than 5,000 square feet (twice the size of an average Amazon Go store), and advance its partnerships with U.S. and European grocery retailers. The Tel Aviv-based company already has partnered with a number of global grocery chains, including leading European retailers and Israel's largest grocer, Shufersal, which will be deploying Trigo's technology in 280 stores over the next five years. Trigo has raised $29 million in total funding to date.

Simbe Secures $26 Million In Funding

Simbe Secures $26 Million In Funding
Simbe Robotics, Inc. announced two separate funding deals today – a Series A equity financing round and an inventory financing agreement with SoftBank Robotics (SBR). The $26 million Series A was led by Venrock with participation from Future Shape, Valo Ventures, and Activant Capital. The equity capital will go toward business operations including growing their team; scaling sales, marketing and customer success functions; and continued investment in R&D.

Neighborhood Goods Raises $11 Million Ahead Of New Store Openings

Neighborhood Goods, a retailer that positions itself as the modern reinvention of the traditional department store, has raised $11 million in a new round of financing led by Global Founders Capital to aid in expanding its brick-and-mortar presence. More specifically, the funding is designed to help Neighborhood Goods secure more real estate, build its staff, ramp up its supply chain with faster delivery options and build out a backend digital platform where all the retailer’s brand partners can check sales metrics in real time.

Olivela Raises $35 Million In Series A Funding

Olivela Raises $35 Million In Series A Funding
Olivela, a fashion and beauty retailer housing 400+ luxury brands, has secured $35 million in Series A financing led by Morgan Stanley. The company is built on a philanthropic business model, donating 20% of proceeds to charitable causes across the globe. The funding will be used to fuel Olivela’s next phase of growth, which will include more partnerships with charitable partners locally, nationally and internationally. Olivela is curating a “Women’s Empowerment” takeover that will kick off with a trip to Jordan to meet with 30 young women who were sent to school from Olivela’s donations last year, as well as 100 more who will go to school next year.

Theatro Secures Strategic Investments From Honeywell And Cisco

Theatro, the developer of a voice-controlled mobile platform connecting hourly employees to enterprise resources, has secured investments from Honeywell Ventures and Cisco Investments. Neither company has disclosed the total amount they have invested in Theatro. The investments by Honeywell and Cisco are designed to help maximize the reach of Theatro’s in-ear virtual assistant for retail store associates and expand the industries and markets Theatro can serve.

Cole Haan Preps For IPO

  • Published in News Briefs
Cole Haan Preps For IPO
Premium shoemaker Cole Haan, currently owned by private equity firm Apax Partners, is preparing for an initial public offering (IPO), following significant sales and profit growth. The decision comes after the footwear company said its annual sales grew 14% to $687 million, while adjusted earnings before interest, taxes, depreciation and amortization…
Read more...

Boll & Branch Receives $100 Million Investment To Boost Growth

Boll & Branch Receives $100 Million Investment To Boost Growth
Boll & Branch has received a $100 million strategic investment from the Flagship Buyout Fund of L Catterton. The retailer will use the funds to fuel its growth, accelerate the expansion of its retail and wholesale businesses and support its direct-to-consumer business. "We have grown quickly since our launch in 2014, and are thrilled to welcome L Catterton to the Boll & Branch family,” said Scott Tannen, Founder and CEO of Boll & Branch, in a statement. “L Catterton brings unmatched experience in direct-to-consumer retail and home goods and is the ultimate value-added partner."

JRNI Raises $6 Million In Financing, Names Chief Technology Officer

JRNI Raises $6 Million In Financing, Names Chief Technology Officer
JRNI, a customer engagement platform for omnichannel conversion, has closed a $6 million extension to its Series C financing led by PeakSpan Capital, with participation from Downing Ventures and Somerston Group. The round builds on the $13.4 million Series C financing JRNI received in April 2018 and brings the company’s total funding to $23.2 million. The investment will help JRNI expand its global footprint and accelerate its sales, marketing, development and customer success initiatives in the U.S. Additionally, JRNI recently rebranded from BookingBug to reflect the modern customer journey.

Q2 Roundup: Walmart Wins Big, Department And Apparel Stores Must Prepare For Tariffs

Q2 Roundup: Walmart Wins Big, Department And Apparel Stores Must Prepare For Tariffs
With another major earnings week underway, the biggest names in retail continue to grab the most attention, albeit for quite contradictory reasons: Walmart was a big winner despite its internal struggle over high e-Commerce losses; Department stores such as Macy’s, Kohl’s and JCPenney still haven’t shown significant signs of growth even as partnerships and investments ramp up; and Current and looming Chinese tariffs continue to put worry lines on the faces of department store and apparel retail executives. Walmart reported a 37% increase in e-Commerce sales, along with a total revenue increase of 2.9% to $131.7 billion, while same-store sales jumped 2.8%.The average ticket was up 2.2%, better than a 1.8% increase a year ago. Adjusted earnings per share (EPS) was $1.27, outperforming the $1.22 initially forecast by Refinitiv. Some of the best news for Walmart comes in what to expect down the line. For the remainder of the fiscal year, Walmart now forecasts an adjusted EPS to range between “a slight decrease to a slight increase,” an improvement compared with a prior forecast that was calling for “a low-single-digit percentage” decline.  “This is a bold statement from Walmart,” said Jharonne Martis, Director of Consumer Research at Refinitiv in an…
Subscribe to this RSS feed

General

Read About...

Resources

About Us

Contact Info

Address:
777 Terrace Ave, Suite 202
Hasbrouck Heights, NJ 07604

Phone:
1.888.603.3626

Email:
info [at] retailtouchpoints.com

A division of...