Retail is one of the most disruptive industries in business.
Thanks to e-commerce, mobile commerce, and changing consumer preferences, the industry is changing like never before.
We selected 35 companies that are revolutionizing the space. These businesses are leaving a permanent mark on the way people run errands, shop, and eat.
From an established e-commerce giant deploying drones to an inventive new pizza chain, here are the consumer companies making big impacts.
Augment is trailblazing in simulated reality, a necessity in today's world of e-commerce.
Headquarters: Paris, France
Year founded: 2010
Why it's revolutionary: Augment creates instant, 3D models of products people want to buy and helps them determine if it's what they really want. The company has an app which allows customers to visualize how large items like furniture would look in their homes.
Michael Kors surpassed luxury powerhouses in just a few years by focusing on the right market segment.
Headquarters: New York City
Year founded: 2004
Why it's revolutionary: Through difficult economic times, the brand has excelled because it has stayed focused on the market's sweet spot—people with money who aren't rich yet. Michael Kors recently surpassed Ralph Lauren in value and has inspired collections from brands like Tory Burch and Coach.
Storenvy allows independent vendors to open and customize their own virtual shops.
Headquarters: San Francisco, California
Year founded: 2008
Why it's revolutionary: While big-budget companies can afford to make e-commerce sites special, smaller businesses often don't have that luxury. Storenvy creates a more level playing field by allowing its 75,000 vendors to personalize their online stores.
See the rest of the story at Business Insider