If not for its deep-pocketed parent, Store No. 8 might go unnoticed or get lumped together with the hundreds or thousands of other tech incubators. But Store No. 8 is backed by Wal-Mart Stores Inc., so the stand-alone entity based in Silicon Valley is sure to get a lot of attention.
Some of that attention will be deserved if Store No. 8 accomplishes half of what it says it will. Store No. 8 is designed to incubate, invest in and partner with entrepreneurs, early-stage start-ups, venture capitalists and academics to innovate in areas such as robotics, virtual and augmented reality, machine learning and artificial intelligence. These start-ups within Store No. 8 will be "ring-fenced from the broader [Wal-Mart] organization, so they have the room to grow and develop," the retailer said.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)