Samsung is responding to a breach of its recently acquired payment system, LoopPay, by working to minimize the implications of the hack on critical components of its popular Samsung Pay mobile wallet service. The company says the breach -- which occurred in March -- was an "isolated incident" that left personal payment data unscathed.
A Drew Barrymore cover shoot for InStyle magazine was filmed by Jaunt VR for an online virtual-reality experience now available to the magazine's subscribers and smartphone users. The feature is seen as a way to broaden the appeal of VR beyond a tech audience. "People always think it's for male (video) gamers, but it's important, not just for us but for virtual reality as a whole, that people understand it's for everybody," said Scott Broock, Jaunt's vice president of content.
IKEA has signed agreements to open locations in the Indian states of Uttar Pradesh, Telangana, Maharashtra and Karnataka. In addition to scouting suitable sites for its first stores in India, the Swedish home furnishings retailer is also working to increase its base of suppliers in the country, a spokeswoman said.
TJX Cos. CEO Carol Meyrowitz will resign the post on Jan. 31, handing the reins to Ernie Herrman, who has been with the company since 1989 and was named president in 2011. Meyrowitz, who is credited with expanding the retailer's Marshalls, HomeGoods and T.J. Maxx banners, will stay on as executive chairman.
Coach has been focused on regaining its former luxury luster and expanding its product categories since hiring executive creative director Stuart Vevers last year. The retailer started as a handmade leather bag maker 74 years ago, and it has gone back to stressing that story, North American President Andre Cohen said. "We wanted to reset the brand around these core equities of great leather, craftsmanship, detailing," he said.
Apple will debut its Beats By Dre "Beats Pill+" wireless speakers next month for $230. The Bluetooth-enabled speakers can be controlled remotely through a new mobile application that lets users pair two speakers together and manage playlists.
Amazon is preparing to launch same-day grocery delivery in the Twin Cities with plans for an Amazon Prime Now distribution center in the Minneapolis region, according to reports on Tuesday. Amazon will join Schwan's Food Co., CobornsDelivers and Instacart, which also offer grocery delivery in the region.
Twitter activity is more likely to be retweeted in the evening when consumers are relaxing at home or out at bars and restaurants, according to a study led by the University of Maryland's William Rand. During the week, Twitter surges also occur around the time people get into work. On weekends, activity on the site is more evenly spread out.
The Consumer Electronics Association reports that more than 40 vendors will demonstrate content for virtual reality platforms at CES 2016, 77% more than did so in 2015, as headset-makers such as Facebook's Oculus, Sony, Samsung and HTC make gaming their first VR frontier. Other verticals, including retail and Hollywood entertainment, could take advantage of the emerging tech as it starts to gain momentum, analysts say.
UK department store John Lewis has invested in click-and-collect programs and other efforts to gain an omnichannel advantage, and now it does about 35% of its sales online. Because of its success, some department stores in Australia are trying to reinvent themselves by using Britain's top department store as a model.
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