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TA Associates follows Goldman Sachs into Stackline with $130m investment

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TA Associates has made a $130m investment in subscription-based ecommerce tool builder Stackline.

The investment comes just over six months after Stackline picked up $50m from Goldman Sachs Asset Management’s growth team.

Stackline says its e-commerce platform unites real-time data across shopper, marketing, operations and competitive intelligence, equipping brands with the tools to automate and execute e-commerce marketing and operations.

Its brand list includes retail stalwarts such as Starbucks, Sony, General Mills, Mondelez and Levi’s.

TA managing director Jason Mironov said, “Stackline is transforming how brands and retailers – new and old – do business online, and we believe the company is well-positioned to disrupt the retail industry and make a lasting impact in how brands engage consumers.”

The Stackline team has grown more than 75% in the last year, and the company is expected to surpass 150 full-time employees by the end of 2021.

Mike Reilly of Goldman Sachs said, “We’ve been very pleased by our partnership with Stackline and continue to be impressed by the company’s accelerating growth and product innovation.

“With brands focused on driving e-commerce sales, Stackline’s solutions continue to create immense value for their customers.”

Copyright © 2021 AltAssets

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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/ta-associates-follows-goldman-sachs-into-stackline-with-130m-investment.html

AR/VR

Augmented Reality Transforming E-commerce

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Linda Malecaj

Nowadays a technology that is undergoing very fast development and application in most industries is Augmented Reality (AR). This technology expands our physical world by adding layers of digital information to it. Although people’s scepticism about the reliability of the benefits that this technology brings, at the same time, its adoption by many businesses is moving at a giant pace. One of the adopters of AR is also e-commerce. Taking into account the situations that the world has faced in recent years, this technology is really providing real benefits for the significant improvement of the services that e-commerce offers.

Given that e-commerce is a large and important part of the economy at the same time it is also the key point for businesses that sell their products or services online. E-commerce gives businesses the ability to reach more customers than they do with traditional retail methods. The increase in the number of people making their purchases online makes this retail market the fastest growing. E-commerce is an ideal way to develop brands from a traditional store in a given location to a brand easily accessible from different countries around the globe. Despite the fact that e-commerce brings development and character to brands, it also has its challenges.

In this article, we will look in detail at how AR technology is being used by e-commerce businesses to expand their businesses, increase sales, and increase customer satisfaction.

1. How VR could bring transhumanism to the masses

2. How Augmented Reality (AR) is Reshaping the Food Service Industry

3. ExpiCulture — Developing an Original World-Traveling VR Experience

4. Enterprise AR: 7 real-world use cases for 2021

Every business is developing experiential marketing strategies which means the interaction between their brand and customers is giving great importance to the successful performance of sales. AR technology develops a closer relationship between the brand and customers thanks to the opportunity for practical product testing. This way customers have the opportunity to try out a product before making the decision to buy it. All of this helps to significantly increase customer engagement because potential customers spend more time on the site. This close relationship that is created in the customer connection between the brand increases the chances that this user will reach faster to the decision of making purchases.

Increase Brand Awareness

Given that businesses operating in e-commerce are numerous, this means that the competition is quite high. Generating high traffic to sites is one of the most important goals that translate into improved SEO. Thanks to the unique experience that AR integrated into the site offers makes it attract new users and bring back old users. In cases, where the user returns, means that the goal to offer something valuable and innovative has been achieved. Herein lies the role of AR that makes the user experience more interesting. At the same time for new users, it becomes possible to achieve the conviction they need to buy a product thanks to its exploration through AR tools.

Provide Unique Shopping Experience

AR technology in e-commerce enhances the shopping experience by making it more unique and interactive. Thanks to this technology, customers have complete control over the products. In this way, customers having control over the products feel closer and more connected to the product making them loyal to the brand. Thanks to AR tools they are also able to personalize their products and this makes it possible to successfully meet their requirements. At the same time, through the introduction of AR in e-commerce, the return of products due to customer dissatisfaction has decreased significantly. This saves companies costs for transportation, refilling, repackaging and ensures a high level of customer satisfaction.

Eliminate Hygiene Issues

Maintaining hygiene in business premises is always a worrying problem, especially during gatherings in showrooms. Nowadays this problem coupled with the pandemic all over the world has brought this problem to another level as an obligation even in the form of maintaining social distance. To avoid all these also from the various restrictions on closing stores have made online sales increase significantly. AR is a perfect solution to improve the online shopping experience which eliminates the need to explore the desired products for purchase in showrooms or stores, thus preserving social distance and eliminating the need for unnecessary visits.

As mentioned above, nowadays when social distance has already become an important part of everyday reality, AR comes to the aid of businesses as a powerful tool to significantly improve e-commerce. The integration of this technology in e-commerce stores provides the most innovative, friendly and enjoyable shopping experiences. AR technology has the potential to ensure a breakthrough in the e-commerce industry by providing rapid growth for businesses thanks to high sales. The ability of this technology to change and improve the way businesses in this industry operate is also an impetus for the leaders of many companies to adopt this technology today.

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Source: https://arvrjourney.com/augmented-reality-transforming-e-commerce-cae0105b8b00?source=rss—-d01820283d6d—4

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Josh Payne, CEO of StackCommerce, Named Finalist for EY 2021…

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EY has announced Josh Payne, founder and CEO of leading commerce and content platform StackCommerce, as a finalist for the Entrepreneur Of The Year® 2021 Greater Los Angeles award for the third time, also making this his 4th year named as a semifinalist.

This esteemed awards program, now in its 35th year, identifies unstoppable entrepreneurs who are at the forefront of innovation, to honor them for their tenacity, ambition, and courage in the face of constant barriers.

Since the start of the pandemic, Josh has been a guiding light for the company. After shifting operations fully online, he led the way in providing necessary support to allow the team to thrive professionally and personally with virtual events, extreme flex time, company-wide executive coaching, and being open about his own struggles during this period. In the midst of it all, he navigated StackCommerce through a majority-stake acquisition by TPG’s Integrated Media, further ensuring the company’s bright future.

“This feels particularly meaningful after such an unexpected and successful year for StackCommerce,” said Josh. “I’m humbled to be in such impressive company, both among these incredible entrepreneurs and as part of a team who came together to support Stack and each other in so many ways.”

Award winners will be announced during a virtual celebration on Thursday, July 29, and will become lifetime members of a prestigious, global network of Entrepreneur Of The Year alumni. Regional award winners are also eligible for consideration for the National Awards.

Through an independent panel of judges, the program has celebrated the leadership of professionals such as Mindy Grossman of HSN, Gail Becker of Caulipower, John Mackey of Whole Foods Market, Katerina Schneider of Ritual, Joey Gonzalez of Barry’s, Nick Green of Thrive Market, and Dr. Kiran Mazumdar-Shaw of Biocon Limited.

Stay up-to-date on Josh’s journey on Twitter by following @StackCommerce and @jnpayne.

About Josh Payne:

Josh Payne is an entrepreneur, investor, and startup advisor. He is currently the Founder & CEO of StackCommerce, the leading content + commerce platform. Prior to founding StackCommerce, Josh spent the previous decade working and investing in the technology sector. Josh earned his MBA from Duke University and his bachelor’s degree in Computer Information Systems from Indiana University.

Josh is a startup mentor for venture firms Amplify.LA & 500 Startups and a featured speaker at conferences worldwide, including Affiliate Summit, Content & Commerce Summit, and The Next Web Conference. Josh also serves on the board of Trubrain.com, a venture-backed biohacking startup. He is a member of the Young Presidents Organization (YPO) Bel-Air Chapter, a three-time Finalist for the EY Entrepreneur of the Year Award for Greater Los Angeles, and a recipient of the “Best CEO in Los Angeles” awarded by Comparably.com. He is a husband, father of three, triathlete, and avid explorer having traveled to over 40 countries worldwide.

About StackCommerce:

StackCommerce is the leading commerce + content platform. For consumers, we help them discover and purchase products directly on the news and content sites they visit daily. For merchants, we provide unmatched exposure through shoppable articles and product features on the world’s largest media outlets. For publishers, we power white-labeled e-commerce shops with on-site checkout for over 1,000 publishers including Yahoo!, CNN, Hearst, Mashable, NY Post, TMZ, MarketWatch, and many more. TPG’s Integrated Media acquired a majority stake in the company in December 2020.

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Source: https://www.prweb.com/releases/josh_payne_ceo_of_stackcommerce_named_finalist_for_ey_2021_entrepreneur_of_the_year/prweb18003490.htm

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Over $20,000,000 in Surplus PPE Inventory to be Sold at Auction in…

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Auction of $20M in PPE: Soap, Hand Sanitizer, Masks, More

Auction of $20M in PPE: Soap, Hand Sanitizer, Masks, More

Even though the current state of Covid-19 has reduced the demand for these items in the US, if you look at the data from around the world, the demand for these products is actually on the rise again

AuctionAdvisors has been retained to conduct an online auction for over $20,000,000 in excess PPE. This sale, among the largest of its kind, includes Soap, Hand Sanitizer, Lotions, Disinfectant Wipes, Masks and Component Inventory. The auction will take place online beginning on June 28th and ending at 3PM on June 30th. Pickup or shipping is available. A full catalog is currently accessible through the AuctionAdvisors website.

The auction has a tremendous amount of merchandise and consists of almost 1,000 pallets of high end and brand name inventory. “Whether you are in the hospitality or transportation business, a hospital system, or any type of retail facing business, this is the sale for you” said Taurat Hossain, Director at AuctionAdvisors. All Soap, Hand Sanitizer, Lotions and Disinfectant Wipes are made in the USA. Additionally, all these products have the appropriate Safety Data Sheets – all detailed in the online catalog. The KN-95 face masks, which total to 1.5M pieces, have the appropriate Lab Testing Report and EU Certification also detailed in the catalog. Also included in this auction sale are thousands of components including pumps, bottles and caps that can be used for a variety of purposes.

“This is an excellent opportunity for resellers as well. Even though the current state of Covid-19 has reduced the demand for these items in the US, if you look at the data from around the world, the demand for these products is actually on the rise again” according to Joshua Olshin, Managing Partner of AuctionAdvisors. Buying items such as these during the height of the pandemic was nearly impossible and there is certainly a glut of inventory now, but the overall demand is still very elevated and will stay that way for a while. People habits have just changed and many will be slow to change back. In addition, some are even preparing for another potential wave as we are seeing occur in other parts of the world or other variant will be well positioned.

For more information, please contact Taurat Hossain via email at thossain@auctionadvisors.com or by phone at 888-243-3431 ext. 710.

AuctionAdvisors, based in the New York metropolitan area, is a full-service auction company. For a complete list of auctions and sales or to learn more about AuctionAdvisors visit http://www.AuctionAdvisors.com.

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Source: https://www.prweb.com/releases/over_20_000_000_in_surplus_ppe_inventory_to_be_sold_at_auction_in_june/prweb18001050.htm

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Ecommerce

Over $20,000,000 in Surplus PPE Inventory to be Sold at Auction in…

Published

on

Auction of $20M in PPE: Soap, Hand Sanitizer, Masks, More

Auction of $20M in PPE: Soap, Hand Sanitizer, Masks, More

Even though the current state of Covid-19 has reduced the demand for these items in the US, if you look at the data from around the world, the demand for these products is actually on the rise again

AuctionAdvisors has been retained to conduct an online auction for over $20,000,000 in excess PPE. This sale, among the largest of its kind, includes Soap, Hand Sanitizer, Lotions, Disinfectant Wipes, Masks and Component Inventory. The auction will take place online beginning on June 28th and ending at 3PM on June 30th. Pickup or shipping is available. A full catalog is currently accessible through the AuctionAdvisors website.

The auction has a tremendous amount of merchandise and consists of almost 1,000 pallets of high end and brand name inventory. “Whether you are in the hospitality or transportation business, a hospital system, or any type of retail facing business, this is the sale for you” said Taurat Hossain, Director at AuctionAdvisors. All Soap, Hand Sanitizer, Lotions and Disinfectant Wipes are made in the USA. Additionally, all these products have the appropriate Safety Data Sheets – all detailed in the online catalog. The KN-95 face masks, which total to 1.5M pieces, have the appropriate Lab Testing Report and EU Certification also detailed in the catalog. Also included in this auction sale are thousands of components including pumps, bottles and caps that can be used for a variety of purposes.

“This is an excellent opportunity for resellers as well. Even though the current state of Covid-19 has reduced the demand for these items in the US, if you look at the data from around the world, the demand for these products is actually on the rise again” according to Joshua Olshin, Managing Partner of AuctionAdvisors. Buying items such as these during the height of the pandemic was nearly impossible and there is certainly a glut of inventory now, but the overall demand is still very elevated and will stay that way for a while. People habits have just changed and many will be slow to change back. In addition, some are even preparing for another potential wave as we are seeing occur in other parts of the world or other variant will be well positioned.

For more information, please contact Taurat Hossain via email at thossain@auctionadvisors.com or by phone at 888-243-3431 ext. 710.

AuctionAdvisors, based in the New York metropolitan area, is a full-service auction company. For a complete list of auctions and sales or to learn more about AuctionAdvisors visit http://www.AuctionAdvisors.com.

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Source: https://www.prweb.com/releases/over_20_000_000_in_surplus_ppe_inventory_to_be_sold_at_auction_in_june/prweb18001050.htm

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