Google will spend $1.1 billion hiring around 2,000 HTC employees who had been working in HTC's Pixel unit, as well as acquiring nonexclusive intellectual property rights. Google is seeking to expand its hardware sales by adding hardware engineers.
Best Buy's multi-year plan includes a focus on smart home technology and tech tools that will allow more seniors to stay in their homes as they age, the company said this week. The retailer is in the midst of rolling out smart home shops and more smart home products at all of its stores by the end of October.
Toys R Us Canada won credit protection Tuesday under the Companies' Creditors Arrangement Act, a day after its US-based parent filed for bankruptcy protection. The Canadian subsidiary has seen 5% annual sales growth over the past three years, but the parent's Chapter 11 filing terminated its financing.
Two-thirds of Britain's consumers shopped at either ALDI or Lidl during the past three months, and the two German discounters combined now generate £1 in every £8 of UK grocery spending, according to Kantar Worldpanel. The supermarkets are winning favour as inflation spurs British consumers to hunt for bargains.
China will postpone enforcing new taxes and regulations on cross-border retail sales, which are on track to hit $115.4 billion by next year, according to iResearch and McKinsey & Co. The government will delay enforcement until late next year to give retailers more time to prepare.
San Diego-based Geppetto's has become the biggest independent toy retailer in the US. The nine-store specialty retailer recently celebrated 25 years, and owner Brian Miller credits a local, hands-on approach and knowledgeable employees for its success.
Walmart has hired former Ralph Lauren and Saks Fifth Avenue executive Denise Incandela as senior vice president of fashion for its online retail sites, effective Oct. 2. Incandela, who led the creation of Saks' digital business, will oversee fashion e-commerce for Walmart.com, Jet.com and Shoes.com.
Amazon will compete head-on with Indian e-commerce leader Flipkart during Diwali, a big-spending season in India. Amazon has doubled its warehouse space in India in the past year, and now offers more than 160 million products from more than 225,000 sellers.
Canadian department store chain Simons will launch a new app Thursday designed to enhance the online shopping experience. The app tracks purchase information and loyalty data, and it lets users upload photos of items they like in order to find similar goods at Simons.
Resistance to moving on from expensive legacy systems keeps manufacturers from making progress on quality management, writes Steven Brand of California Manufacturing Technology Consulting. Other barriers include the challenges of a more complex and global supply chain.
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