Specialty Retail
Top stories summarized by our editors
10/12/2018

D.J. Koh, CEO of Samsung's mobile business, said the company's upcoming foldable device, which could be launched as early as next month, aims to be more than a gimmick. Koh reported that the company is focusing heavily on creating a seamless user experience, saying, "If the user experience is not up to my standard, I don't want to deliver those kind of products."

Full Story:
CNET
More Summaries:
Samsung, D.J. Koh
10/12/2018

PayPal customers will be able to make deposits and withdrawals from their online accounts at Walmart stores by early November. The service, which is the first of its kind for PayPal in brick-and-mortar locations, will carry a $3 fee and will also be available to PayPal Cash Mastercard holders.

Full Story:
CNBC
More Summaries:
PayPal, Walmart
10/12/2018

In 2014, Lowes Foods began rebranding to become a new kind of grocer due to the changing pace of food retail, according to Tim Lowe, president of the North Carolina-based chain. "We saw a few years back that the consumer was changing and there was a convergence coming that was going to cause a seismic shift that would not leave the landscape the same," Lowe said.

More Summaries:
Tim Lowe, Lowes Foods
10/12/2018

Le Creuset is expanding its Disney line with a new Dutch oven that features Mickey Mouse ears embossed on the lid. The two-quart cookware comes in bright red enamel and will be available at Williams-Sonoma starting Oct. 15.

Full Story:
Cooking Light online
More Summaries:
Le Creuset, Disney
10/12/2018

Garmin on Thursday unveiled its GPS watch, the Instinct, which offers a barometric altimeter, a 3x-axis compass and multinavigation platform support. The Instant also provides a built-in heart rate monitor, plus UltraTrac mode for long-term battery use.

Full Story:
Digital Trends
More Summaries:
Garmin
10/12/2018

Facebook is fulfilling the promise it made this year to deliver 3D-esque capabilities for photos. The new capability is powered by artificial intelligence and works with mobile, desktop and virtual reality devices.

Full Story:
TechCrunch
More Summaries:
Facebook
10/12/2018

Holiday sales are expected to increase by nearly 5% over last year, but a report by Optoro suggests retailers may not be ready to handle the high return rate that is standard for e-commerce. Liquidation through auction sites such as eBay or B-Stock is one option.

Full Story:
Supply Chain Dive
More Summaries:
eBay, Optoro
10/12/2018

An undercover investigation suggests Apple overcharges customers for repairs and prioritizes replacements over repairs. The Canadian Broadcasting Corporation was quoted $1,200 for repairs to a computer by an Apple employee, but an independent repair shop said the cost to repair was about $75.

10/12/2018

Mented Cosmetics has booked an average 20% sales growth per quarter since 2017, with a focus on minimalist makeup and nude shades for women of color. The beauty brand makes heavy use of social media marketing and has partnered with around 200 influencers.

Full Story:
Glossy
10/12/2018

FrankOne is a crowdfunded Colombian-made coffee maker that works by placing it atop a large cup and filling it with coffee grounds and water. The water is automatically forced through the grounds to create coffee without bitter crema.

Full Story:
Gear Patrol
More Summaries:
FrankOne