Luxury’s strength was prominent in the latest Interbrand ranking of the Best Global Brands Thursday, but even the biggest names couldn’t rival digital when it came to the brands that are key for consumers.
A recent study of teenagers’ conversations by Engagement Labs has found that they are moving away from traditional youth brands such as Abercrombie & Fitch, as Nike continues to cement its position as a Gen-Z favorite.
Fitbit Inc on Wednesday outpaced Wall Street estimates for quarterly results as its strategy of adding smartwatches to its product line got a boost in the second quarter with higher sales for ‘mass-appeal’ Versa.
European antitrust regulators fined Google a record 4.34 billion euro on Wednesday and ordered it to stop using its popular Android mobile operating system to block rivals, a ruling which Google said it would appeal.
The tech giant looks first to release a technology that will enhance the next generation of phones with accurate facial recognition and secure biometrics for payments, gesture sensing, and immersive shopping experiences.
Fitbit Inc’s shares fell 14% on Tuesday after the company said its newly launched smartwatch was not selling as expected, raising concerns about the company’s ability to become profitable again in the near term.