Page 6 - Fit Analytics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Snap buys WaveOptics for its AR spectacles for $500 million 24 May, 2021 Snap is buying an augmented reality startup, WaveOptics, for more than $500 million. WaveOptics is the supplier of the displays for its new digital spectacles glasses. The social media group will pay half the $500 million in stock under the deal. The other half will be paid in either cash or stock in two years’ time. Snapchat’s move underscores the belief of the big tech companies that consumer demand for augmented reality wearables is going to increase. Google, Apple and Facebook, are all already working on AR augm...

Dive Brief: As online sales skyrocketed in the past year, Walmart is integrating a new virtual try-on feature to encourage more e-commerce sales in the future. The big-box retailer announced that it plans to acquire Zeekit — a female-founded startup based in Israel. The financial terms of the deal were not disclosed.  The virtual try-on experience will be available at Walmart.com, said Denise Incandela, Walmart U.S.'s executive vice president of apparel and private brands. Consumers can upload their photos or pick a model that represents their body type, height and skin tone, with the opt...

May 12, 2021 Snapchat, the reality-augmenting social media app, took its time to ramp up its efforts to profit from the billions of dollars spent by social media users annually. Judging by their recent acquisitions and announcements, however, they’re ready to cash in. Last week, Snapchat announced its Creator Marketplace, a platform that allows brands to connect with stars and influencers to create product-focused AR content and experiences for users. It also recently acquired Screenshop, an app that identifies products in posts and refers users to retailers that sell them based on user-up...

Aritzia Reports Fourth Quarter and Full Year Fiscal 2021 Results News provided by Share this article Q4 eCommerce revenue increased by 81.1% VANCOUVER, BC, May 11, 2021 /PRNewswire/ - Aritzia Inc. (TSX: ATZ) ("Aritzia" or the "Company"), a vertically integrated, innovative design house of fashion brands offering Everyday Luxury in its boutiques and online, today announced its financial results for fourth quarter and full year fiscal 2021 ended February 28, 2021. Aritzia Reports Fourth Quarter and Full Year Fiscal 2021 Results (CNW Group/Aritzia Inc.) Aritzia Reports Fourth Quarter and Full Y...

When Snap (NYSE:SNAP) went public in early 2017, many critics claimed it would struggle to justify its high valuation, narrow its losses, and fend off For a long time, the critics seemed right. Snapchat's daily active user (DAU) growth stalled out in 2018 as Instagram cloned its features. It continued burning cash and its price-to-sales ratio remained high. Snap's stock slid below its IPO price of $17 in late 2017 and plunged to about $5 in 2018. It bounced back above its IPO price in early 2020, but the COVID-19 crash last March sent it back below $10. Image source: Getty Images. Yet that ...