March 21, 2013      

Retail clothing stores (even chains) are folding on a daily basis despite consumers spending more on fashion now than ever. The world clothing and textile industry (clothing, textiles, footwear and luxury goods) reached almost $2,560 trillion in 2010, but the convenience of e-commerce is taking a bigger bite out of traditional store profits each year, with online shoppers in the United States alone expected to spend $327 billion in 2016.

Still, Hointer, a startup selling men?s designer jeans in...

Thank You for Reading Robotics Business Review!

Reading this content requires a free membership.
To continue reading, please sign up for an RBR Insider account.