Walmart has increased its focus on using the health care market as an avenue for growth, including a deal for over-the-counter sales reached last month with insurer Anthem. The retailer is looking at wellness visits as an opportunity to bring customers into the store, according to Oliver Wyman's Sam Glick.
Tesco has unveiled a new discount store format called Jack's, which is expected to compete with ALDI and Lidl in the UK. The first two Jack's stores will open this week and the concept is on track to grow to between 10 and 15 locations next year, the retailer said.
Neiman Marcus Group has a four-year plan to grow sales at its retail banners including Neiman Marcus, Bergdorf Goodman and Last Call. The plan's 15 initiatives include strengthening relationships with big-spending customers and investing in e-commerce and other digital initiatives, CEO Geoffroy van Raemdonck said.
Luxury automakers Jaguar, Audi, BMW and Mercedes-Benz are preparing to release all-electric SUVs in competition with Tesla's Model X. Audi this week introduced its E-Tron model, which is expected to cost less than the Model X and to feature Amazon's Alexa voice tool.
Sony will release a PlayStation Classic bundle in December that will include 20 popular games and two controllers. The bundle is priced at $99.99 and will include titles such as "Tekken 3," "Final Fantasy VII" and "Ridge Racer Type 4."
Wegmans is readying its new 120,000-square-foot location in Lancaster, Pa., set to open this weekend. The store will include a Burger Bar restaurant and a made-to-order salad station, as well as grocery delivery via Instacart beginning Sept. 26.
General Mills saw an uptick in retail sales growth during its most recent quarter for products such as Annie's Mac and Cheese, Epic snack bars, Cascadian Farms frozen items and several cereal brands. "Trix posted more than 60% retail sales growth, behind the relaunch of our classic Trix colors, and marshmallow news helped Lucky Charms post 9% retail sales growth on top of last year's 16% growth rate," said CEO Jeffrey Harmening.
Google's upcoming 7-inch LCD touch-screen smart display, dubbed the Home Hub, will be available this fall for $149. Notably, the display weighs a little more than a pound, making it as light as the standard Google Home.
AT&T executives said 5G could open up opportunities for a multitude of billing models instead of just the standard monthly bill consumers are used to. Without revealing specific plans, AT&T's David Christopher pointed to such possibilities as a year of service sold with a device or add-on services that can be billed monthly.
Apple's decision to design chips in-house and outsource only the production has led the company to several innovations, including its recent face recognition feature, which is driven by a neural engine machine learning chip. The company's new line of smartphones includes one such chip, the A12 Bionic, which allowed the company to include 6.9 billion transistors in the new devices.
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