Oh yeah, retail tech is certainly happening now. And proof of that is that tech giant Intel is just about to invest 100 million dollar in retail tech over the next five years, according to Fashion and Mash. The idea is to create a platform based on IoT solutions that’s supposed to bring efficient and personalized shopping and also involve virtual reality and artificial intelligence experiences. Sound exciting indeed.
Meanwhile Rebecca Minkoff is launching a venture capital fund to find talent and resource in the tech startup scene that can benefit them and also the industry at large. And Rebecca Minkoff is certainly no stranger to retail tech solutions. They introduced the first connected fitting room in their flagship store in 2014 and recently also added a self-checkout service.