US’ Pinterest is set to acquire The Yes, an AI powered shopping platform for fashion, that enables users to shop a personalised feed based on the user’s active input on brand, style, and size. The team at The Yes has built an extensive fashion taxonomy that uses human expertise and machine learning to power a comprehensive algorithm in fashion. Pinterest believes that The Yes’ leadership, innovative technology, and talented team, combining shopping expertise with fashion industry credibility, will help accelerate Pinterest’s vision for it to be the home of taste-driven shopping, Pinterest said in a press release. US’ Pinterest is set to acquire The Yes, an AI powered…
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Retail: Pinterest to Acquire Fashion Platform
Today in retail news, Pinterest inked an agreement to buy eCommerce fashion retailer THE YES for its social media platform, while Walmart announced it is building four new fulfillment centers to improve delivery speeds. Plus, Kohl’s has two new contenders placing bids to buy out the department store retailer, and Grubhub is introducing a new Meals for Deals incentive program in partnership with Street Cred Capital. Kohl’s Gets 2 Competing Takeover Bids Kohl’s has been the recipient of takeover bids from private equity firm Sycamore Partners and Franchise Group, a retail holding company. Sycamore will value the department store chain at around the mid-$50s a share, with Franchise Group offering…
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Pinterest to Acquire THE YES, an AI Powered Shopping Platform for Fashion –
SAN FRANCISCO–(BUSINESS WIRE)–Pinterest, Inc. (NYSE: PINS) – Today, Pinterest is announcing that it’s signed a definitive agreement to acquire THE YES, an AI powered shopping platform for fashion that enables users to shop a personalized feed based on the user’s active input on brand, style, and size. Pinterest believes that THE YES’s leadership, innovative technology and talented team, combining shopping expertise with fashion industry credibility, will help accelerate Pinterest’s vision for it to be the home of taste-driven shopping. With hundreds of brand merchants on its platform, the team at THE YES has built an extensive fashion taxonomy that uses human expertise and machine learning to power a comprehensive algorithm…
