Google followed through on promises to combine Android Pay and Google Wallet by releasing Google Pay in the Google Play store yesterday. Peer-to-peer payments are not available on this platform yet, but the company expects to offer this feature in the next few months.
About 57% of Costco members are also Amazon Prime members, compared to 13% five years ago, according to a survey from MoffettNathanson. "Americans appear to be buying into the concept of owning two 'shopping' memberships as the value proposition is fundamentally different," the firm wrote in a research note.
Consumers are likely to accelerate their adoption of online grocery shopping in the wake of recent mergers and acquisitions, a Nielsen report projects. Up to 70% or 80% of shoppers will be venturing online for at least part of their groceries within five to seven years, according to Nielsen's Laurie Rains.
IKEA has signed onto the "Big Clean Switch" campaign and is encouraging UK customers to sign up to potentially save £300 annually on their energy bills. The program negotiates lower prices with renewable energy suppliers, and customers can opt to switch to a green supplier once the new rates are released.
Hurricane repairs, rising home values and millennials' big moves into home ownership gave Home Depot's same-store sales a 7.5% boost in the fourth quarter, topping analysts' estimates for 6.5% growth. The retailer has invested in customer service and tech improvements to drive higher sales at existing stores.
A growing number of beauty brands are creating new products that are designed to withstand vigorous workout sessions. Clinique, Birchbox, E.l.f. Beauty and startups including Sweat Cosmetics and Pretty Athletic are growing along with the "active beauty" trend.
Gap brand President and CEO Jeff Kirwan has stepped down after three years and parent Gap Inc. has launched a search for a new chief, the company said Tuesday. Kirwan led efforts to create a more efficient supply chain and improve the fit and quality of its fashions.
Luxury retailer Galeries Lafayette will change the name of its 11 watch stores at two airports in France to Galeries Lafayette-Royal Quartz Paris as part of an upgrade of the locations. The retailer will increase its focus on tourism and expansion to China, as domestic spending slows.
Amazon has added an exclusive line of health products, called Basic Care, from private-label manufacturer Perrigo. The over-the-counter line, launched last year, includes 60 items including ibuprofen, allergy pills and treatments for growing hair.
Brooklyn Decker and Whitney Casey founded virtual closet startup Finery to create an efficient way to store, select and shop for clothing. The system, which works better for women who do most of their clothes shopping online, is designed to help users keep better track of their clothing and buy fewer items they never wind up wearing, Decker said.
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