Sea, a Southeast Asian startup backed by Tencent, has filed for a U.S. IPO of up to $1 billion. Similar to Tencent, it has built a platform spanning retail and payments around a profitable gaming business.
A study on shopping behaviors has revealed that millennials prefer to shop for the best prices in store while baby boomers are the ones shopping online, potentially shedding light on what triggered the retail apocalypse.
Incandela will lead the fashion units of Walmart.com, Jet.com and Shoes.com, beginning on October 2. The announcement of the hire comes one week after Aerosoles filed for Chapter 11 bankruptcy protection.