Mobile payment systems are quietly making headway against initial skepticism among both retailers and consumers. The push is driven by leading tech companies' desire to "become a crucial part of your life every day," said Osama Bedier, who ran Google Wallet and now operates a mobile-payment terminal company.
Apple has reportedly begun producing new iPhones with a pressure-sensitive screen that is said to be supported by iOS 9, states a report that adds that Apple could label the Force Touch handsets as iPhone 6S and 6S Plus. The technology, which senses how hard users press on a display, will be built into current 4.7-inch and 5.5-inch models; they will reportedly look similar to the iPhone 6 and 6 Plus.
U.S. District Judge Amit Mehta sided with the Federal Trade Commission when he moved to block the proposed merger of Sysco and US Foods because it could interfere with competition and result in higher costs for consumers, he revealed in a public version of his opinion released Friday. "The proposed merger of the country's first and second largest broadline foodservice distributors is likely to cause the type of industry concentration that Congress sought to curb at the outset before it harmed competition," he wrote.
Kroger continues to report growth in the center store, driven in part by the retailer's investments in its coffee selection, efforts to reorganize center-store sections to make them more intuitive and a growing selection of natural and organic packaged foods. "We are probably one of the few outlets that continues to grow units in the center of the store, and...with as big a piece of business as that is for us or any more traditional or conventional retailer, it's important that those categories grow nicely," Kroger's Chief Financial Officer Mike Schlotman said.
Former Trader Joe's President Doug Rauch opened his nonprofit grocery store concept Daily Table in Boston earlier this month, where he aims to tackle both food waste and food insecurity by offering items typically rejected by other grocery stores, such as packaged food that is less than six months from its expiration date and nearly-ripe produce. "I knew from my experience we have an abundance of food and much of it is going to waste through inefficiencies through the fact that we all want the beauty queen produce and anything that's ugly gets left in the field," Rauch said.
Nintendo will still develop games for its Wii U and 3DS consoles as it gears up for the release of its "NX" platform. The company "will start from zero," Nintendo President Satoru Iwata reportedly said about the NX. Details on the platform will not be made available until next year, the company said.
Healthy foods with simple, natural ingredients are dominating the Summer Fancy Food Show this week, as manufacturers offer new products to fulfill a growing consumer demand that generated a record $109 billion in sales for specialty foods in 2014. Exhibitors at this year's event include Goodness Grainless gluten-free and vegan granola, unsweetened Sound Sparkling Tea, honey waters from Bee's Water, artisan pickles from Backyard Brine and meatless meals from Sweet Basil.
Consumers shopped online for groceries 29% more over the last year, and more than half of those who do some grocery shopping online said they are buying more of their groceries online, according to a survey from 72 Point and Door to Door Organics. About 19% of shoppers' weekly grocery spending happens online, and 53% look to at least three stores for their grocery needs, the survey found.
Samsung is working to patent a technology researchers say could double smartphone battery life by adding silicon material over the battery's lithium-ion layer. The battery is not expected to be ready for Samsung's next smartphone launch.