Smart & Final Stores reported strong results for the third quarter, including an increase in same-store sales. The company said it's been increasing promotional spending to compete with traditional grocers and touted its success in the e-commerce realm, including the launch of a direct-order site, delivery services and a test of a click-and-collect service at about 12 Smart & Final and Cash & Carry stores.
Furniture and kitchen goods retailer Williams-Sonoma will buy technology startup Outward in a $112 million deal, the company said. Williams-Sonoma, whose banners include its namesake stores, Pottery Barn and West Elm, said it will incorporate Outward's augmented reality, 3D imaging and other tools into its customer service platform.
Walmart has worked to incorporate sustainability as a "shared value" within the business rather than something separate, says CEO Doug McMillon. In addition to the long-term economic benefits of sustainability, he said, Walmart understands that customers want to feel positive about the products they buy.
Apple released the iOS 11.1.2 update to address an iPhone X issue that made it temporarily unresponsive in cold weather. The update also fixed a distortion issue on Live photos and video.
Albertsons has acquired an equity stake in the Latino grocery chain El Rancho Supermercado for an undisclosed amount. The deal will give the 16-store chain, based in Garland, Texas, the means to speed growth plans and open stores in new markets in the state, El Rancho President Salah Nafal said.
Makeup artist and social media influencer Patrick Starrr will do more than lend his name and face to new products during his yearlong partnership with MAC Cosmetics. In addition to developing the products, he'll also take an active role in designing creative elements for the packaging and marketing campaigns.
Generation X currently has more spending power than millennials, and retailers should take care not to overlook the segment, demographics expert Brad Edmondson said. Gen X consumers have the largest number of household members compared with other generations, and they are likely to have dual-income households, he said.
Google and Amazon have released patches for their smart speakers due to vulnerabilities created by BlueBorne, a grouping of eight Bluetooth flaws that make these speakers vulnerable to attack. The issue was discovered by security firm Armis and could have affected as many as 20 million smart speakers.
Jaguar Land Rover, Britain's largest vehicle manufacturer, has launched a test of its autonomous vehicles on public roads in Coventry. The tests mark the first time Jaguar has used the technology on open roads.
Honda and SoftBank will create a joint research program to determine how 5G can improve connected-car technology. The project involves the installation of experimental 5G base stations in northern Japan.
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