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Walmart To Acquire AR Optical Tech Company

Walmart To Acquire AR Optical Tech Company

Walmart is planning to acquire augmented reality (AR) optical tech company, Memomi. The retail giant’s investment in the company is part of its effort to deliver a frictionless and omnichannel optical care experience, especially as more and more consumers are leaning into augmented…

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Nordstrom Teams Up With Parachute For Pop-up Experience
Nordstrom Teams Up With Parachute For Pop-Up Experience

Nordstrom has teamed up with home furnishing brand Parachute as part of its Pop-In@Nordstrom concept, putting the spotlight on select brands online and in physical store locations. As part of the experience,…

Australian Retailer Pauses Use Of Facial Recognition Tech
Australian Retailer Pauses Use Of Facial Recognition Tech

Australia’s second-biggest appliance retailer, The Good Guys, is pausing its use of facial recognition technology after the company was named in a complaint filed with the country’s privacy regulator. In its complaint…

Nike Beats Quarterly Revenue Estimates As Affluent Americans Continue To Spend
Nike Beats Quarterly Revenue Estimates As Affluent Americans Continue To Spend

Nike exceeded quarterly revenue estimates thanks to an increase in demand for its athletic apparel and sneakers in Europe and North America. The company particularly benefitted from an increase in spend among…

Walmart Canada Teams Up With Instacart To Open A Virtual Storefront
Walmart Canada Teams Up With Instacart To Open A Virtual Storefront

Walmart Canada has teamed up with Instacart to open a virtual “Walmart Now” convenience store in Toronto. The virtual storefront will offer shoppers access to 4,000 grocery, pantry, and household products in…

Amazon To Host Two Prime Day Events
Amazon To Host Two Prime Day Events

Amazon is planning to hold a second Prime Day event in Q4, with the first one now scheduled for July 12, 2022, and July 13, 2022. The company has notified third-party sellers…

RoC Skincare Partners With Sarah Jessica Parker
RoC Skincare Partners With Sarah Jessica Parker

RoC Skincare has partnered with Sarah Jessica Parker to serve as the voice of the #LookForwardProject, an initiative that celebrates the power of optimism and its scientifically-backed impact on long-term health and…

Sweetgreen Launches New Program That Rewards Customers For Making Healthier Choices, More Often
Sweetgreen Launches New Program That Rewards Customers For Making Healthier Choices, More Often

Following the launch of its $10 Sweetpass monthly subscription plan, sweetgreen is back at it with a new rewards and challenges program that encourages customers to make healthier choices more often. The…

Turo Heads To The Big Apple
Turo Heads To The Big Apple

Turo has launched its peer-to-peer car-sharing service in New York with the goal of enabling New Yorkers and tourists to book cars from local hosts in the state. The company’s expansion into…

Luxottica Founder Passes Away At 87
Luxottica Founder Passes Away At 87

Luxottica Chairman Leonardo Del Vecchio has passed away at the age of 87, the company announced Monday. In his lifetime, Del Vecchio went from being raised in an orphanage to becoming one…

H&M Shutters Flagship Store In Shanghai
H&M Shutters Flagship Store In Shanghai

Swedish apparel retailer H&M has shuttered its flagship store in Shanghai as sales slumped due to strict lockdowns in the city, and the retailer bore the brunt of the backlash triggered by…

Walgreens Pays $105M For Class Action Lawsuit
Walgreens Pays $105M For Class Action Lawsuit

Walgreens Boot Alliance has agreed to pay $105 million to settle a class-action lawsuit, which accused the company of misleading shareholders on the impact of rising drug prices and reimbursement pressures on…

Puma Follows Nike And Adidas Into The Metaverse, Partners With 10KTF
Puma Follows Nike And Adidas Into The Metaverse, Partners With 10KTF

As rivals Nike and adidas make their way into the metaverse, German sportswear brand Puma is looking to do the same with its latest partnership with 10KTF. Through its partnership, Puma is…