Amazon is gaining more ground in online retail, with 55% of shoppers reporting that they check Amazon prices first when hunting for a product, up from 44% last year, data from a BloomReach survey indicate. Search engines such as Google and Yahoo slid from 34% of shoppers turning to these sites at the beginning of their shopping searches to 28%, the survey shows.
Whole Foods Market has opened an upscale restaurant and bar called the 2ND at its store in El Segundo, Calif., with a seasonal menu that includes vegetarian takes on crab cakes and nachos. The 2ND also offers 36 beers on tap and 12 wines by the glass.
Samsung Electronics earnings could rebound in the fourth quarter following the recall of 2.5 million Galaxy Note7 devices, some analysts say. Operating profits are on pace to slide 5.3% from expectations before the third-quarter recall, but they could be boosted by strong semiconductor sales next quarter.
Google is reportedly preparing to unveil a pair of smartphones, the Google Pixel and Google Pixel XL, next week at a hardware launch event. The Google Pixel and Google Pixel XL are expected to have 5- and 5.5-inch displays, respectively, and feature 4GB of RAM, 32GB of storage and a fingerprint reader.
Culinary trend watchers are noticing increasing crossover between food and beverage flavors, including matcha-flavored foods and drinks that get a spicy kick from peppers or feature roasted or browned flavors from nuts and caramelized sugars. About one-third of consumers treat themselves with beverages, making drinks a profitable area for innovation, according to Food IQ.
German discount grocer ALDI will invest £300 million to create upscale store formats in the UK, with a focus on product quality and room for a larger selection of fresh produce, the company said Monday. The move comes as the retailer, known for its low prices, has been winning over wealthier British consumers.
Microsoft unveiled a cloud-based tool that uses artificial intelligence to find bugs in its software. The company said the AI-loaded "Project Springfield" detects bugs by asking "what if questions" and touted the technology as one of the "most sophisticated tools" Microsoft has in fighting off bugs.
Nashville, Tenn., natural food grocer Turnip Truck won New Hope Network's Innovation Award for prepared food offerings at the Natural Products Expo East in Baltimore last week. San Francisco's Alameda Natural Grocery and Florida retailers Native Sun Natural Foods Market and Nature's Food Patch also received awards.
Grocers have access to more data than at any other time in history, but the challenge is identifying the information that will give them a clearer picture of how shoppers make decisions. Retailers must look beyond demographics to more detailed data to effectively personalize offers, said Duke Perrucci of Cambridge Analytica.
Zenly has completed a $22.5 million round of funding led by Benchmark, following a Series A round last year that landed the company $11.2 million. The French company has created a location mapping app that allows users to share where they are with their friends.
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