Weekly roundup in tech and retail

News and commentaries

Here’s the most relevant news this week in tech and retail.

In Tech:

  1. A massive 2-year security flaw in OpenSSL, Heartbleed, was discovered April 7 and affected companies scramble to patch it up – from websites to routers
  2. Google news. Google Glass will be available to anyone in the US for 1 day only on April 15 at 6 AM ET, sign up here for the reminder; Google can now continuously scan apps for Android users to protect against malicious code
  3. Dropbox news. Dropbox announces: Project Harmony, which allows for collaboration for Microsoft Office files; Mailbox for Android; and Carousel, an app for photo/video archiving and sharing
  4. Amazon news. Amazon introduces Dash device for scanning and adding items to Amazon Fresh shopping list; Amazon acquires Comixology, a cloud-based digital comics platform
  5. Twitter acquires Cover, an Android lock screen app, which displays apps on an Android lock screen based on context and historical use

In Retail:

  1. LVMH  shares surge Thursday as company reports 9% rise in Q1 2014 like-for-like sales of its fashion and leather goods, Louis Vuitton – a good sign for Nicolas Ghesquire’s appointment as artistic director
  2. After closing its stores in February, Loehmann’s is set to come back online in May
  3. Calvin Klein owner PVH invests in Karl Lagerfeld – the minority investment will allow the company to have the “right of first offer to license the brand in North America
  4. Social shopping app, The Hunt, raises $10M in Series B funding led by Khosla Ventures
  5. Kering, owner of Gucci may acquire lifestyle and sports brands within 3 years as it assesses its Puma brand
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