In a show of sensitivity carefully plotted nine month ago, the $2.2 billion Seattle-based sporting goods co-op is officially opting out of the shopping madness the day after Thanksgiving this year.In a touching email dispatched to its 5.5 million co-op members yesterday, the company pledged to keep its doors closed on Nov. 27, the day when all hell breaks loose at malls across America, sometimes fatally.That’s right: All 143 of REI’s retail locations, along with its headquarters and distribution centers, will not be open for business.The same goes for Thanksgiving Day, too.Gee willikers, Charlie Brown would be proud.Instead, they’ll shake a leg in the Great Outdoors to “reconnect with family and friends…” (We’re sure none of them will Netflix and chill, lazily riding out the tryptophan crash, like we can’t wait to do.)
The Founder Institute, world's premier startup bootcamp for talented entrepreneurs, is now accepting applications for the Silicon Valley Winter 2019 Semester.The flagship Silicon Valley semester will now be in its 15th edition, with previous semesters having graduated great companies like Udemy, Retailigence, Cake Health, Getable, Breezy, Shopalize, Skimble, Yumvy, Spikes, and many more.Those who apply by the Early Admissions Deadline (2018-11-11) will have their application fees waived (typically $50) and are eligible for Founder Institute Fellowships.In the Founder Institute's four-month, part-time program, promising startup entrepreneurs "learn by doing" and launch a company through structured training courses and expert feedback from a large network of business mentors.Plus, you are not required to quit you day job to participate, so you can begin building a business around your ideas without putting your livelihood at risk.In order to celebrate the launch, the Silicon Valley Founder Institute will host a "Pre-Curriculum" of free startup events for the general public:
retail locations in the US now accept mobile in-store payments and are also developing e-commerce businesses that support mobile payment options in apps and on mobile websites.However, quick-service restaurants QSRs — also known as fast-casual restaurants — have been turning to mobile order-ahead apps to extract higher sales, intensify customer loyalty, and
A year ago, privately held online lenders like Prosper, SoFi, and Avant looked all but certain to go public at the same, if not higher, than the unicorn valuations than their venture investors have assigned them.In an SEC filing yesterday, Lending Club, which announced the surprise departure of its founder and CEO last Monday, revealed that investors who contributed a significant amount of funding for loans are now examining that performance or are otherwise reluctant to invest.But what started out as a disruptive movement known as peer-to-peer was far more novel than what it became, which, in many cases, is a front for whoever is providing some of these startups with capital to lend.While companies operating in this space come with inherent advantages — they use automated loan applications; they have no retail branches; they use electronic data sources and tech-enabled underwriting models that help them to quickly identify a borrower s credit risk –having deep-pocketed friends has made other things easier, like provide funding decisions within 48 to 72 hours.Smartly, some players are already looking to reimagine themselves as broader financial outfits.It also said last month that it s hoping to drum up more investor demand for the debt it originates by starting a hedge fund that will buy its own loans.
unfortunately, it's not the sort of thing that you'll want to carry around with you.It's a small gadget that looks to be roughly the size of an iPhone 6 case.Not much has changed since the announcement back in January.The Pocket-VR viewer has a retail price of $70, which might seem a little pricey, when compared to the Google Cardboard.However, instead of being constructed from a paper material, you're getting a hard plastic shell that you can easily take with you anywhere.You can find the viewer available now in both iPhone 6/6s and Galaxy S7 flavors.
LONDON Reuters – Britain s ARM Holdings, the provider of technology for the iPhone, has bolstered its exposure to the developing market of embedded computer vision with the purchase of Apical for $350 million, it said on Wednesday.Embedded computer vision involves the use of digital processing and algorithms to interpret meaning from images or video – allowing devices to understand their environment through visual means.Cambridge-based ARM said the acquisition of Apical would accelerate its growth into new markets such as connected vehicles, robotics, security systems as well as industrial and retail applications.It said it would also extend ARM s product portfolio in existing markets such as smartphones and cameras.Computer vision is in the early stages of development and the world of devices powered by this exciting technology can only grow from here, said ARM Chief Executive Simon Segars.ARM said Apical s imaging products are used in more than 1.5 billion smartphones and approximately 300 million other consumer and industrial devices.Founded in 2002, Apical employs about 100 people, mainly at a research and development center in Loughborough, central England.Last month, ARM reported better-than-expected first quarter profit.Its shares have, however, fallen 11 percent this year on reports Apple has continued to reduce iPhone production.The stock closed on Tuesday at 928 pence, valuing the business at 13 billion pounds.Reporting by James Davey; Editing by Mark Potter
The updated app was quietly pushed live yesterday, and Google has now officially confirmed that Android Pay is available for anyone in the U.K., assuming they have a compatible NFC-enabled device.Similar to Apple Pay, Android Pay lets users purchase goods in physical retail stores by associating their MasterCard or Visa card with their device and swiping their phone against a contactless terminal at the point of sale.It can also be used to pay for things within third-party apps, including those by JD Sports, Deliveroo, Zara, Kickstarter, Airbnb, and YPlan.Crucially, Android Pay can also be used on London s public transport network, including the Tube and buses.The Internet giant launched its Apple Pay competitor last May, but so far, the feature has only been available in the U.S. Google did confirm back in March, however, that Android Pay would be landing in the U.K. some time in the next few months.The company has now confirmed that it will be launching in Australia and Singapore soon, with more countries added to the mix in the coming months.So it sounds as though the U.K. is serving as the launchpad for a major global rollout across 2016.Google had previously confirmed that eight banks would be on board for launch — Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M Bank, MBNA, and Nationwide Building Society, though it did note that more would be added.Barclays was also slow to embrace Apple Pay, which has been available in the U.K. since last summer.
View photosMoreIn this May 16, 2016, photo, Ron Johnson, CEO of Enjoy, speaks at Shoptalk, a retail and technology conference in Las Vegas.The soft patch goes beyond the unseasonably cool weather.Here are four trends that were highlighted at the Shoptalk conference, which ended Wednesday:— STORE EXPERIENCE MATTERS: Major stores are trimming their fleet, but the physical store isn't dead.Many have followed and executives are relying on this strategy to help speed deliveries to customers.Michael Tobin, senior vice president of strategy and innovation at Macy's, says it's working out those issues.— MAINSTREAM BRANDS LOSING LUSTER: Shoppers, particularly millennials, are losing their appetite for major brands that can be found everywhere unless there's a strong emotional connection.
According to a study of Metsä Group's sparse forest owner to know how much he gets ownership in return. Morning and the Kauppalehti Finland Market Raad Metsä Group's Forest Director Juha Mäntylä thought that knowledge varies strongly depending on whether the forest a lot or a little. They have a high level of competence. "If a retail investor wants to be easy to reach, there is a forest funds. It is engaged in the sale and processing of the forest, a tangible return on investment. In addition, the background of the rise in the price of the forest, which has been 3-4 per cent over the past 20 years.
GIFMastering the game of chess is infinitely complicated, but getting started just got easier with a chess board that s perfectly set up and ready to go as soon as you open the box.Before newcomers can even begin to start learning how the various chess pieces move around the board, they have to know what squares the pawns, bishops, rooks, knights, kings, and queens all call home.GIFAs a game of chess plays out, captured pieces are returned to their designated and labeled slots in the game s box.The bottom of each piece, and the double-sided chess board, are all magnetic.The game s design also helps ensure that every piece is accounted for at the end of a game, and that none of them go missing when it s being haphazardly stuffed into your game shelf.It s not indestructible, but should certainly survive being swept off the table in a rage every time your partner puts you in check.
Amazon CEO Jeff Bezos said during the company s annual shareholder meeting Tuesday that it wants to open more physical bookstores and add additional services to Amazon Prime.The e-commerce behemoth has never disclosed the precise amount of subscribers to Amazon Prime, which offers services like free two-day shipping and video/music streaming for a $99 annual fee.TechCrunch has contacted Amazon for more details.Bezos said that Amazon is definitely going to open additional stores, but it hasn t yet decided how many.But even a few brick-and-mortar locations would help Amazon gain a footprint in physical retail which still make up more than 90 percent of total retail sales in the U.S., despite the growth of e-commerce , attract new customers, and collect more data about shopping habits.Other e-commerce businesses that have opened stores for similar reasons include Warby Parker, Birchbox, and Bonobos.
The 2in1 tablet Chuwi Hi12 is one of the best options among the Cherry Trail tablets especially thanks to the excellent 2160 1440 pixel resolution screen and the useful, but rare 3:2 aspect ratio.But until today one of the lacking features has been the stylus support, well not anymore because the Chuwi HiPen H1 just launched in order to fix that.Chuwi HiPen H1 is an active stylus designed specifically for the use with the Hi12 tablet and on paper it looks really good.Featuring 256 pressure levels software adjusted even 512 levels , aluminum metal body with 1.2mm/1.6mm writing tips, under 2mm precision limit, 30-degree writing angle support and palm supression control technology just does the trick.The pen has two buttons capable of mimicking the mouse buttons and being powered by the dry AAAA battery it can be used for up to 250 hours.The auto sleep function helps to preserve some power so the battery exchange won t be a common occurence.Chuwi HiPen H1 is a pretty handy addition to the Hi12 tablet accessory family and with the official retail price of $29.99 it s also nothing crazy expensive and out of the reach.So for those looking to use the great 12-inch tablet screen fully with some active stylus then this is the way to go.You can get it for example here for even a dollar cheaper.
The struggling apparel chain s chief executive, Art Peck, told shareholders that Gap is open to selling its merchandise on Amazon or other third parties in the U.S. To not be considering Amazon and others would be in my view delusional, Mr. Peck said Tuesday in response to an investor s question at the annual shareholder meeting.We are always considering all of our opportunities beyond our traditional mix of channels and stores.The company, which also owns Banana Republic and Old Navy, is scheduled to post quarterly results after market close on Thursday.As early as 2014, Amazon was in discussions with about 10 well-known retailers, including Abercrombie & Fitch Co. ANF -0.82 % , to list their products on its online marketplace.Selling on Amazon presents a double-edged sword for specialty retailers with store fleets as large as Gap s. While they can tap into the online marketplace s growing shopper base, the listings might also discourage shoppers from visiting stores, where brick-and-mortar retailers tend to have better luck converting traffic to sales.Gap management spent last year revamping its merchandise offering after attributing weak performance in previous quarters to style and quality missteps.
Helping online shoppers navigate complex buying decisions may help ecommerce retailers improve conversion rates, reduce returns, and earn loyal, repeat shoppers.Products that are new to the market and thus require more study by the consumer before deciding to purchase can also be categorized as complex, explained IBM s Robin Schwartz in a 2005 interview about IBM s enterprise guided selling solution.The guided selling solution should help shoppers make relatively complex buying decisions with ease regardless of whether the product itself is complex or simple.Another store said, Cooking surface sufficient for 45 burgers.If you ask a potential kayak buyer if she has a lot of room to store the kayak, and that shopper says no, you should presumably limit kayak recommendations to short kayaks or kayaks that can breakdown for storage.But you will need to weigh the time it takes to set up and integrate a solution against your resources and goals.
Amazon might soon turn the tables on Google, who mostly reigns in the mobile market, by putting out a new kind of tablet.Codenamed "Knight", this tablet will differentiate itself from Amazon's existing Fire tablet line by being focused around its smart assistant, Alexa.Details about the "Knight" tablet are still shrouded in secrecy aside from the Alexa factor.It may or may not be the continuation of the 14-inch "Cairo" tablet that the retail giant was rumored to be working on.Despite the "yet another platform" syndrome, reception has been surprisingly positive.Preferably before Google or Apple also secure the market.
But that didn't stop some homeowners and business owners telling the BBC this month that the lycra-clad groups, typically made up of males in their twenties and thirties, are becoming a bit of a nuisance.Stephen Foster, a bookseller from Chiswick, told the BBC that he calls the gathering close to his shop "the Deliveroost.We're a retail business and what you want is people to feel comfortable walking past your shop and going into it.Otherwise that customer gets exceptionally upset about that inability to order and the restaurant likewise if they cook food and there isn t a driver to pick it up.As order volumes get much larger, they become more predictable and less volatile, allowing us to staff drivers at more of an exact level vs. that order volume.We work with our consumer base themselves to give us feedback on where they see things like that.They represent our brand, they go into the restaurants.Its really important they re the right type of person so consequently, while there may have been an article about riders congregating together, you ll see in the article there is nothing that stipulates they have done anything wrong, which is why it s quite interesting that it was a BBC News at 10 article.We re going to act on it and take it seriously but it s going to happen, it s human nature.NOW WATCH: Bumble founder: Men should stop putting these 4 things in their profilesLoading video...
AmazonWhile still a primarily online store, Amazon isn't turning its back on physical retail establishments.After opening its first brick-and-mortar store in Seattle last year, the company's CEO Jeff Bezos confirmed at Amazon's shareholder meeting that more stores are coming."We re definitely going to open additional stores; how many we don t know yet, Bezos said at the meeting according to a report from The Wall Street Journal.In these early days, it s all about learning rather than trying to earn a lot of revenue."Currently Amazon's Seattle location is mostly a bookstore, and the company is already building another location in San Diego.Still, Bezos' statement is a bold one, so we'll likely see numerous additional Prime membership perks rolling out soon.
The Cubot Cheetah is the first fruit of the cooperation between the Cubot and Cheetah Mobile companies and i m sure many of you have installed some app from this chinese software leviathan, because they claim to have over 600 million of non-chinese users.Looking at the official Cheetah Mobile website the numbers are pretty staggering, 635 million of mobile network users and total worldwide users of some of their products in billions.So it s only quite logical the first reason the Cubot Cheetahphone being interesting is the support of huge company behind it and 10 GB of free cloud space coming with it.According to Cubot statement the second reason is great full metal build of the phone with polished GPS equaling the best navigations.Third reason would be the Samsung sensor used for the 13 MPix rear camera with PDAF so the photos should be better and without noise even in low light conditions.Fourth reason in favor of the Cheetah is built-in gyroscope for the 3D gamers on the phone and the fifth the hardware specs of the phone meaning octa-core MT6753 processor paired with 3 GB RAM, 32 GB of storage and 5.5-inch FullHD resolution display.The final decision is of course up to the potential customers and the official retail price of $199.99 could be little too high no matter the benefits, but as far as we know Cubot is planning some sale event for the Cheetah with lowering it to $149.99 which is much easier to stomach.We will keep you informed once we know more.
It s a voice-activated device that looks like a small bookshelf speaker and acts as a voice-recognizing, intelligent front end to music and other entertainment, everyday tasks like calendar appointments, Google s search engine and home automation systems like Google s own Nest.But while Amazon can offer the world s largest retail store and content inventory, Google has search and its immense knowledge and product ecosystem.Users access the always-listening device, according to a video shown during the I/O keynote address, by saying Okay, Google.The video, which showed a typical family employing the device in the morning rush to work and school, indicated that Google Home is designed to work with devices throughout a house, including speakers, TVs and lights via home automation.Google Home, which will only support one account initially, is intended for release this year at an as-yet-undisclosed price.More than a dozen services are already integrated, including Uber, Pandora, OpenTable, Spotify, WhatsApp and Ticketmaster.
Rockstar Games has shipped more than 65 million units of Grand Theft Auto V worldwide, according to an announcement by Take-Two Interactive today.Take-Two Interactive CEO Strauss Zelnick said during the company s analyst call that GTA V had set yet another record, with the 65 million units up from 60 million in early February.A year ago, the game had sold 52 million units.If you multiply the total by $60 per copy at the retail price, you get about $3.9 billion in revenues.That s pretty amazing.Zelnick noted that the game just keeps on performing, even though it was originally released in September 2013 on PlayStation 3 and the Xbox 360.The game debut on the PlayStation 4 and Xbox One in November 2014, and then it hit the Windows PC in April 2015.One of the things that keeps it going its Grand Theft Auto Online, which has been a cash cow and keeps fresh content coming for the fans.