The Fresh Market will roll out a revamped look including a new logo, 1,300 new products and hundreds of price cuts at three stores in North Carolina's Charlotte and Raleigh/Durham markets next week. Owner Apollo Global Management plans to expand the new format to 13 more stores in November and transform the entire chain by early 2018.
The market for children's bottled water is expected to grow by 7% annually over the next five years, said Esther Renfrew of Zenith International. The appeal of bottled water for manufacturers may lie in pricing, which is 20-50% higher for waters marketed to this demographic.
China-based LeEco is making its way to the US -- bringing smartphones, smart TVs and a Netflix-like streaming service that's already been established in China. The company will go head-to-head with some of the biggest tech firms, such as Apple, Amazon, Netflix and Samsung.
Samsung has announced the release of a new memory chip that offers 8GB of RAM while conserving energy. The new LPDDR4 chip is specifically designed to power HD devices with large screens and also works with 4K resolution and virtual reality components.
China has overtaken the US as the No. 1 iOS market in terms of App Store revenue, earning $1.7 billion in Q3 -- 15% more than the US. An App Annie report found that Chinese consumers are spending five times more in the App Store than they did just two years ago.
E-Compass Acquisition Corp. will merge with NYM Holdings, parent of the eight-store New York Mart chain, in a $125 million deal aimed at creating a bigger chain of supermarkets serving the Chinese-American community, according to regulatory filings. The new venture, called iFresh, aims to add about 31 new stores during the next three years, largely through acquisitions in the fragmented market segment.
Shortcut labs will release its second generation of Bluetooth smart buttons, which are designed to complete a single task, such as finding a lost phone or turning on smart lighting systems. The Single buttons are expected to retail for about $20 each and will be available in November.
Nintendo has released a sneak preview of its forthcoming game console, a hybrid device dubbed "Switch" that morphs from at-home game console to handheld device for playing on the go and is to hit shelves in March. The company has partnered with many software companies to develop games for the system, including Activision, Bethesda, Electronic Arts and Ubisoft.
Netgear has released the Nighthawk X10 AD7200 Smart Wi-Fi Router, a high-speed router capable of operating at up to 7.2 gigabits per second. The router features a 10-gigabit port allowing for a fiber-optic connection and will be marketed to users interested in virtual reality and 4K video streams.
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