Another retailer joins the innovation lab ranks

Denver – Another company has joined the constantly expanding ranks of retailers who operate proprietary innovation labs.



Demonstrating that the appeal of innovation labs is moving beyond major chains, specialty online retailer eBags is teaming with Iterate Studio to jointly create a two-part innovation lab.



Lab resources will be located in Denver, Silicon Valley, India, and Ukraine. eBags will focus innovation efforts on areas including mobile services and the Internet of Things (IoT). The two main elements of the lab will be a rapid test center designed to speed the adoption of unique digital tools, and a digital R&D lab.



Both labs will leverage resources from start-up curator Iterate Studio.



“Every retailer is challenged to develop leaders who embrace change," said Mike Edwards, CEO of eBags. "Companies and investors must actively harness innovation and smart risk taking, while taking a longer-term view toward transforming and winning. Traditional approaches no longer work. We live in an ever-changing mobile world that quickly adjusts to revolutionary technologies and services like Nest, Snapchat, Uber and Airbnb. To succeed, a company's culture needs to place a high value on data, customer information, speed, and change."