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(Alliance News) - Tekcapital PLC on Friday said its portfolio company Lucyd Ltd, which develops smartglasses, has expanded its online presence to Walmart.com and other new platforms, eBay marketplace as well as the Mercari selling app.
This presents a new opportunity for Lucyd to reach the rapidly expanding Walmart.com customer base, Tekcapital explained.
In the wake of the changing retail landscape, Tekcapital said Lucyd is aggressively expanding its online direct-to-consumer efforts, in a global push to make its smartglasses available to consumers that need them.
"Buyers, particularly our core audience of millennials, are consistently shifting towards decentralised marketplaces such as Walmart.com and Amazon, and peer-to-peer selling apps. These new marketplace presences are part of our broader plan to modernize the eyewear industry, and bring our next-gen frames to cutting-edge retail experiences," said Chief Executive & Co-Founder of Lucyd Harrison Gross.
AIM-listed Tekcapital shares were trading 0.3% higher in London on Friday at 15.30 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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