Specialty Retail
Top stories summarized by our editors
6/18/2018

Several major grocers including Costco and Walmart have formed search alliances with Google that include being featured in results from its digital assistants. Instead of paying for ads, the stores agree to share sales revenue with Google, which coordinates purchases through its shopping cart.

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CNBC
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Google, Costco, Walmart
6/18/2018

The CEO of coconut water brand Vita Coco is crediting strong competition in the category with helping inspire the company to achieve over $201 million in sales as of January of this year. Mike Kirban says that compared to the challenge of growing the company to this point, his next goal -- doubling the business over the next three years -- is going to be an easy task.

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BevNet
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Vita Coco, Mike Kirban
6/18/2018

Apple has announced a partnership with Oprah Winfrey to create programming for its upcoming subscription video service. The company said Winfrey was brought onboard to "create original programs that embrace her incomparable ability to connect with audiences around the world."

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Oprah Winfrey, Apple
6/18/2018

Walgreens has leased 200,000 square feet in the Old Post Office building in downtown Chicago, with plans to move about 1,300 employees from its headquarters in Deerfield, Ill., and another 500 from a smaller downtown office. The bigger space will house the pharmacy retailer's tech teams.

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Walgreens
6/18/2018

Investors looking for successful startups have allocated more than $3 billion to food and beverage companies in the past 12 months, looking to find the next trend leader. One hot category for investment is meal alternatives including vegetarian options, with at least three companies attracting sizable support.

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TechCrunch
6/18/2018

Charles Hooley, who was born into a family of grocers and went on to co-found Cub Foods, died Sunday in Stillwater, Minn., at 89. Cub debuted in 1968 as a discount grocer that featured only center-store goods.

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Cub Foods
6/18/2018

Smart devices such as artificial intelligence assistants and Amazon's upcoming Fire TV Cube are challenging the relevance of traditional remote controls, though many consumers are still wary of voice command devices and don't trust those that are constantly listening. Scientists at the UK's Lancaster University are experimenting with ways to use gestures instead of voice commands to offer viewers a new way to control what they watch.

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Lancaster University, Amazon
6/18/2018

Microsoft plans to try again with its augmented reality HoloLens headset, which failed to reach sales expectations when released in 2015. The company plans to use the Snapdragon XR1 platform in the upcoming HoloLens 2 to reduce cost and appeal to mainstream users.

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VentureBeat
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Microsoft
6/18/2018

"Fortnite" players on the PS4 platform were upset to learn that their sign-in credentials do not carry over to Nintendo's Switch, resulting in a storm of angry comments on social media. In a statement, Sony noted that it offers "Fortnite" "cross-play support with PC, Mac, iOS, and Android devices, expanding the opportunity for Fortnite fans on PS4 to play with even more gamers on other platforms. We have nothing further to add beyond this at this point."

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Fortnite, Nintendo, Sony
6/18/2018

Voice shopping is expected to reach $40 billion in annual revenue by 2022, based on a report from OC&C Strategy Consultants. Smart speakers are driving the popularity of shopping apps.

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OC&C Strategy Consultants