“Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries."
2. Walmart to buy Bonobos for $310M as it doubles down on fashion
"Walmart today doubled down on its efforts to continue building out a online retail fashion business in its bid to outpace Amazon in the wider world of commerce and specifically e-commerce. Today it announced that it would acquire menswear site Bonobos for $310 million in cash."
3. How L’Oreal uses virtual reality to make internal decisions at its New York HQ
"It looks like a typical conference room. But the L’Oréal Beauty Lab, as it’s referred to internally, is stacked with virtual reality glasses and installed with a VR screen that occupies a full floor-to-ceiling space on the wall. Two other screens in the room are used to display 3D modeling demonstrations" Read More
4. Inturn aims to transform retailers inventory purchasing
"Inturn is working to revolutionize the retail industry through inventory exchange. Recently, the company just secured a 22.5 million dollar Series b financing round led by B Capital Group, founded by Facebook co-founder Eduardo Saverin and Raj Ganguly."