Netflix's subscriber base reached 93.8 million by the end of 2016, with fourth-quarter profits hitting $67 million, a 56% increase from Q4 2015. The addition of offline viewing and Comcast X1 set-top box integration helped numbers, as did the company's focus on content, particularly its 600 hours of original content, says Chief Content Officer Ted Sarandos.
Nintendo has set a March release for its "Super Mario Run" smartphone game on Android devices. The game was released on Apple devices in December and was downloaded 40 million times over its first four days of availability.
Whole Foods Market will close three East Coast kitchens and transition the production of prepared foods to outside suppliers, the retailer said. The move is intended to increase efficiency, and most of the employees displaced by the closures are expected to fill other jobs at Whole Foods or its suppliers, said spokeswoman Heather McCready.
Price Chopper has reached a sponsorship deal to become the official grocer of the Kansas City Royals baseball team, a deal that will include the sale of Royals tickets in Price Chopper's stores. The deal, which replaces a 15-year partnership with Hy-Vee, will also include charity efforts and community projects.
A group consisting of the MIT Game Lab, Bayview Labs and Seraph Group has developed the Play Labs program to allow the development of startups around artificial intelligence, augmented reality and virtual reality. The first startups to use the lab will be selected from MIT students and alumni, and the initial testing period will occur from June to August.
Chromebooks hope to make a splash with consumers this year, per Lenovo's Jeffrey Meredith, who says the company's best bet is to connect with consumers who are younger than 30 and grew up with cloud computing and social media.
Fairway Market has opened a large-format second location in Brooklyn, N.Y., with a new footprint that includes wide aisles and a warehouse feel. The store stocks more than 60,000 items and includes a smoothie bar, pizza bar and a redesigned olive oil section.
SUPERVALU has named Anne Dament as its new senior vice president over retail, merchandising and marketing, a move that reunites the retail veteran with the company that launched her career more than 25 years ago. Most recently, Dament led the grocery effort at Target, and her resume also includes stints at Safeway and PetSmart.
Online shopping for groceries is poised to become mainstream, with the number of active users having doubled in 2015 and likely again in 2016, according to panelists at the National Retail Federation's BIG Show this week. "The rate of acceleration of change is increasing drastically," said Bill Bishop of Brick Meets Click.
President-elect Donald Trump is expected to announce Thursday that former Georgia Gov. Sonny Perdue is his nominee for Agriculture Secretary, ending weeks of speculation and capping transition team interviews with a slew of candidates. Perdue, a veterinarian who grew up on a Georgia farm and owns several agriculture-related businesses, is expected to focus on family farms and trade policy.
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