Wal-Mart e-commerce investment arm names new retail startup CEO

Wal-Mart e-commerce investment arm names new retail startup CEO

Daniel Becerril

Fleiss will run code eight, a startup that will develop personalized, one-to-one shopping experiences. Fleiss is the co-founder and former head of business development of Rent the Runway, a designer fashion rental company. (http://bit.ly/2pcJ3Xd)

Silicon Valley-based Store No 8, launched in March to expand Wal-Mart's e-commerce business, plans to work with startups that specialize in areas such as robotics, virtual and augmented reality, machine learning and artificial intelligence.

(Reporting by Richa Naidu in Bengaluru; Editing by Shounak Dasgupta)

TOP READS FROM THE FISCAL TIMES