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Retail News: 9th April 2019

Sujay Seetharaman
Sujay Seetharaman
Apr 10, 2019
Min Read

1. France wants to tax Amazon and Facebook

French lawmakers will start debating on Monday a tax meant to force Internet giants like Amazon and Facebook to pay a 3% levy on digital turnover. Parliament will discuss the tax, which targets companies with 750 million euros ($842 million) in worldwide revenue and 25 million euros ($28.2 million) of French digital sales, over the next several weeks.

2. Dote raises $12M

Mobile shopping startupDoteis announcing $12 million in new funding, as well as a new feature called Shopping Party. This feature will allow social media influencers, who have become a key part of the app, to share live video while browsing different products on Dote and chatting with fans. As for the funding, it was led by Goodwater Capital, with participation from Lightspeed Venture Partners and Harrison Metal. Dote has now raised a total of $23 million.

3. Made In raises $5M

Made In, the Austin-based cookware company, on April 3 announced the closing of a $5 million seed funding round, led by Bonobos founder Brian Spaly. The company joins such brands as Great Jones, Potluck Kitchenware and Kickstarter-funded Misen in the crowded space.

4. Grubmarket raises $25M

Online food seller and technology company GrubMarket last week raised $25 million from a number of investors, including a venture capital fund backed by food and beverage giant Kraft Heinz Co. GrubMarket works with smaller farms and other suppliers to sell and deliver their items by way of its online store both to businesses — such as restaurants and stores of different sizes, as well as the plethora of food startups that prepare food for consumers.

5. Walmart to expand in-store tech

Walmart has announced its rollout ofnew technologiesto minimize the time an associate spends on the more mundane and repetitive tasks likecleaning floors or checking inventory on a shelf. The bucket includes 1500 new autonomous floor cleaners, 300 additional shelf scanners that scan items on store shelves to help ensure availability, correct shelf location, and price accuracy, 1200 FAST Unloaders that automatically scan and sort items unloaded from trucks based on priority and department and 900 new pick-up towers  


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hm.com
HQ Location: Beaverton, Oregon, United States Of America, 97005
hm.com, operated by H & M Hennes & Mauritz AB, is an internationally-focused online store that generates eCommerce net sales primarily in Germany as well as in the United States and the United Kingdom. With regards to the product range, hm.com achieves the greatest part of its eCommerce net sales in the “Fashion” category.
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