Britain's Ocado is part online grocer and part tech startup thanks to the hundreds of robots that move items in its system of fulfillment centers, speeding the completion of online orders. Now Ocado's business model has received a major endorsement in the form of a partnership for US warehouses with Kroger.
Several South Korean carriers, including KT, LG Uplus and SK Telecom, plan to offer use-based data plans to combat higher demand for data as technology advances. 5G-heavy applications such as UHD videos and holograms are seen as potential areas of high revenue due to the ability to charge a data premium.
Target is taking aim at Gen Z and millennials with three new private-label brands launching this summer, including an electronics accessories brand dubbed Heyday. The retailer will also roll out men's streetwear line Original Use that includes big and tall sizes and women's fashion line Wild Fable that will include sizes 0 to 26W.
Best Buy booked a 7.1% rise in same-store sales, giving the electronics retailer its biggest spring sales increase in more than 10 years. Personal services and tech support designed to make consumers more comfortable with fast-changing mobile and in-home technology have kept the retailer top-of-mind with shoppers, analysts said.
Consumers vastly prefer to use hashtags rather than handles when talking about brands on social media, according to a new report from Digimind. Brands can create hashtags like West Elm's #mywestelm to connect with consumers and gain customer feedback.
Home goods retailer Williams-Sonoma's experienced higher-than-expected first-quarter results, leading to its stock rising almost 6% when the market closed on Thursday. "These results speak to the power of our established multichannel model, distinctive brand portfolio and world-class customer service heritage," CEO Laura Alber said.
Steam Link, an app designed to allow users to play games via mobile devices, has been blocked by the App Store, though Apple has not commented on the decision. Industry experts warn that this could be a serious problem for Apple, with Bob O'Donnell, president of TECHnalysis Research, saying, "What they're doing is denying iPhone owners access to the most important gaming ecosystem there is. Given that the younger demographic skews toward iPhones, it seems particularly damaging."
Essential, a startup created by Android founder Andy Rubin, is being considered for sale and has ended development of a new smartphone. The company was valued at close to $1 billion about a year ago, but no specified price has been listed for the sale.
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