Quince hits $10B valuation with giant $500M round led by Iconiq
E-commerce company Quince has raised another massive round, less than a year after its previous raise.
retail
His house burned down. He used the insurance money to build PopSockets.
Does a consumer hardware company need to get on the VC treadmill to succeed? Eleven years and 290 million products sold across 115 countries later, PopSockets has proven that the bootstrapped, low-dilution path more viable than the industry gives it credit for. The global consumer hardware brand was built on less than $500k, no institutional capital, and a philosophy professor’s determination. Watch as founder and former CEO […]
CEO of South Korean retail giant Coupang resigns after massive data breach
The massive data breach at the South Korean retail giant Coupang affects more than half of the country’s population.
Amazon unveils AI smart glasses for its delivery drivers
Amazon likely hopes that the new glasses will shave valuable time off of each delivery by providing delivery drivers with detailed directions and information about hazards directly in their line of sight.
UK retail giant Co-op confirms hackers stole all 6.5 million customer records
The hackers stole the company’s member list, which included customer names, addresses, and contact information.
Marks & Spencer chair refuses to say if retailer paid hackers after ransomware attack
The retail giant’s chair confirmed the breach was caused by ransomware.