Two former Zulily executives have landed more than $150 million to fuel Cap Hill Brands, which plans to buy profitable, “digitally native” eCommerce consumer brands. According to a press release, Cap Hill raised the capital via a mix of debt (from Victory Park Capital) and...
If necessity is the mother of invention, then marketing is the art of creating needs you never knew existed. Nowhere is that dynamic more prevalent right now than at CES 2021, the all-virtual Consumer Electronics Show, where hundreds of companies — large, small, foreign and...
There are now roughly 6.7 million adults in the United States who have received the first dosage of the Pfizer BioNTech vaccine and 151,000 who have been fully inoculated. PYMNTS research shows that there could be as many as 130 million who are eager to...
Intel subsidiary Mobileye is working on updates for its autonomous vehicle program, planning to launch test fleets in Detroit, Tokyo, Paris and Shanghai, TechCrunch reported. Mobileye President and CEO Amnon Shashua said he’s also looking at testing in New York City if the company can...
Call it the on-demand economy, on the move and electric. Literally. In an interview with PYMNTS, Aric Ohana, co-founder of Envoy, said the transition to electric vehicles (EVs) will have some tailwind from the sharing economy. Envoy provides users with on-demand, shared EVs for a...
America did not have a good week. U.S. employers shed jobs last month for the first time since April, with 140,000 positions cut, according to the Associated Press – mostly in restaurants, bars, hotels and entertainment venues. COVID-19 is on the rise. And the tumultuous...
The connected economy will someday have glasses. Smart glasses. Nine years after Google’s misfire with the product, smart glasses are making a return in a big way — as some very big names are getting behind them. The most anticipated development in the emerging world...
Facebook’s expected release of its “smart glasses,” set for this year, continues to come closer into view. The latest: Facebook Hardware Chief Andrew Bosworth said that the social media company’s release of smart glasses will arrive “sooner rather than later” this year, Bloomberg reported. He...
The pandemic has pressured corporate top lines — and as a result, leaves less money to go around to fund innovation, especially for tech-focused firms. So-called “smart-city” initiatives might be a casualty, especially if it’s perceived that people are leaving urban areas for the ‘burbs....
