Fitbit, after a disappointing fourth quarter that included a 19% dip in sales, intends to change its trajectory by focusing on casual consumers. CEO James Park says there is potential in this and other markets, adding, "we feel other parts of the market represent another 40 to 80 million users for trackers. The way we plan on capturing those users is more on the software side."
UK-based Hotel Chocolat and its chairman, former Lush chief Andrew Gerrie, have teamed on a joint venture to expand the confectioner's line of bath oils and body butters. The company also opened 10 new stores in the second half of 2016, and boosted its candy-making capacity by 20% with the opening of a new factory.
Samsung Display says it will get out in front of the next wave of smartphone innovation by developing flexible organic light-emitting-diode screens to keep ahead of surging Chinese rivals.
Millennial men are not very engaged with or attached to linear television, per a recent study from Videology. The study found that 21% of millennial men aren't watching TV at all, which could be due to their other media preferences or their lack of interest in current content choices, writes Toni Fitzgerald.
Now that Toshiba may sell more than a 20% equity stake in its semiconductor business, SK Hynix CEO Park Sung-wook has told reporters that his company will look again at bidding for the chip unit. SK Hynix would greatly improve its position in the NAND flash memories market if it purchased a majority stake in the Toshiba chip unit.
Artificial intelligence and machine learning are both being implemented in the music business, for such things as live concert wearables and suggestion algorithms. Tech incubator Techstars is encouraging this by offering incubator programs for companies to develop AI technology for the industry.
Canada's December retail sales dipped 0.5% from the previous month, marking the fifth consecutive year that spending has fallen in the final month of the year, according to Statistics Canada. "We've been seeing strong Novembers and less strong Decembers, which suggest that Canadians have been pulling purchases forward," said BMO Capital Markets' Benjamin Reitzes.
UK retailers likely won't get relief from higher business rates in the government's next budget as a rise in real estate prices will drive up the property tax on businesses, a source said. The rental value of retail space in some parts of London have surged upwards of 200%, according to Colliers.
Chinese tire maker and retailer Zhongce Rubber Co. has expanded in Thailand, with the opening of its first Autospace store there. The company, which has more than 300 franchise stores in China, will supply the Thailand store from a factory it opened in the country in 2015.
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