CHART OF THE WEEK STAT OF THE WEEK DEBORAH WEINSWIG MANAGING DIRECTOR FUNG GLOBAL RETAIL & TECHNOLOGY [email protected]US: 646.839.7017 HK: 852.6119.1779 CHN: 86.186.1420.3016 JUNE 17, 2016 • In New York this week, the Fung Global Retail & Technology team hosted an event called Breakfast with the Disruptors: Women-Led Beauty & Fashion Startups, which attracted a standing-room-only crowd of more than 150. The event featured presentations from seven women-led startups that competed for a $2,500 prize. • In a survey of more than 1,000 US consumers, 72% of respondents said they prefer to use a laptop or desktop to shop online. Only 28% said they prefer to use a tablet or smartphone. In addition, 42% said they have never used a tablet to shop online, while 32% said they have never used a smartphone to shop online. • Germany’s Metro Group is trialing robots from Starship Technologies to carry shoppers’ purchases through a store in Düsseldorf, so that customers can focus on “hands-free” shopping. These autonomous robots are also being tested to deliver online purchases to customers. • On June 10, messaging app Line kicked off its IPO, which is scheduled for July 14 and looks to raise $917 million with an initial share price of $26.21. The Japanese company plans to dual list on the Tokyo and New York Stock Exchanges. Line has 218.4 million active users, but added only 13 million new monthly active users last year. $26.2 Bil. • Software giant Microsoft announced on June 13 that it has agreed to acquire professional network LinkedIn for $26.2 billion in an all-cash transaction that values LinkedIn’s shares at $196 each. • Jeff Weiner will continue as CEO of LinkedIn, and will report to Satya Nadella, the CEO of Microsoft. • The deal is expected to be completed this calendar year, subject to approval by LinkedIn’s shareholders and by regulators. Source: S&P Capital IQ Ocado’s Share Price Declines to Lowest Point in Three Years June 14, 2016 217.7p 0 100 200 300 400 500 600 700 June 2013 June 2014 June 2015 June 2016 Pence Source: Microsoft
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JUNE 17, 2016 • In New York this week, the Fung Global Retail & Technologyteam hosted an event called Breakfast with the Disruptors:Women-Led Beauty & Fashion Startups, which attracted astanding-room-onlycrowdofmorethan150.Theeventfeaturedpresentationsfromsevenwomen-ledstartupsthatcompetedfora$2,500prize.
• In a survey of more than 1,000 US consumers, 72% ofrespondentssaidtheyprefertousealaptopordesktoptoshoponline.Only28%saidtheyprefertouseatabletorsmartphone.In addition, 42% said they have never used a tablet to shoponline, while 32% said they have never used a smartphone toshoponline.
• Germany’s Metro Group is trialing robots from StarshipTechnologies to carry shoppers’ purchases through a store inDüsseldorf, so that customers can focus on “hands-free”shopping. These autonomous robots are also being tested todeliveronlinepurchasestocustomers.
• On June 10, messaging app Line kicked off its IPO, which isscheduled for July 14 and looks to raise $917 million with aninitialsharepriceof$26.21.TheJapanesecompanyplanstoduallistontheTokyoandNewYorkStockExchanges.Linehas218.4million active users, but added only 13 million new monthlyactiveuserslastyear.
The event featured presentations from sevenwomen-led startups that competed for a$2,500 prize offered by event co-sponsorHookLogic, which provides a performancemarketing platform for brands to reach in-marketshoppers,drivetraffic toproductsandattribute resulting sales. The competitionwasjudged by executives from The FragranceFoundation,ElizabethArden,andMacy’s.
Thesevenparticipatingstartupswere:
en.JOYYE isasocialshoppingcommunity inwhich jewelry loverscanenjoydiscoveringandshopping for socially curated jewelry trendsaround theworld. Sitevisitorscanexplore thecommunity, discover new trends, follow their friends and save their finds, aswell as helpothersinneedwhenpurchasingfeaturedproducts.
Findmine runs a retailer’s product catalog and merchandiser’s looks through proprietaryalgorithmsandthenhighlightstheretailer’sgoodsinaperfectoutfitforeachshopper,whichcanbedisplayedontheretailer’swebsite,inadvertisements,inemailorinstores.Findminewasselectedasthewinnerofthe$2,500prize.
FourMine,whose founders have 35 years of experience in the jewelry industry, offers abetterwayforconsumerstoshopforengagementringsandjewelryonline.Customerscanselectseveraldesignsonthesiteandthenreceivereplicasofthoseitems(madefromnon-preciousmaterials)toevaluateathomebeforetheymaketheirpurchasechoice.
SUPA (formerly SoftSpot) offers a unique plug-and-play sensor system for clothing that monitorsbiometric and environmental data and automatically connects with the Internet of Things.Manufacturerscaneasilyintegratethesensorsintoclothingintheformofazipper.
TravelBeautyoffersahyper-curatedcollectionofthebestbeautyproductsfromaroundtheglobe, in the context of a luxury shopping experience featuring a personal shoppingconcierge,phoneproductconsultationandricheditorialcontent.
