Take a break from World Cup viewing and read about what you need to know this week in tech and retail.
In tech:
- Amazon unveils eagerly awaited “3D” smartphone, the Fire phone with $199 2-year AT&T contract
- In another blow to Google, a Canadian judge orders search giant to remove specific links worldwide
- Messaging app Yo simplifies human interaction to two letters “yo”, received $1M in funding, goes viral and gets hacked by college students
- FCC is investigating the Netflix dispute with Comcast and Verizon regarding Netflix’ streaming speeds on the networks
- Apple introduces entry-level 21.5 inch iMac at $1,099, available at the Apple store now; almost certain to launch several versions of a smartwatch in fall 2014
In retail:
- In contrast to Inditex‘ quarterly net income dips, H&M reports its strongest 2nd quarter profit growth in 4 years of 25% to $870M; plans to open 375 new stores including in new markets in India and the Philippines
- Target‘s woes of massive data breach and resignation of its CEO continue with payment systems glitch on Sunday
- American Apparel board finally fires Dov Charney after investigation into alleged misconduct
- Walmart Labs, tech accelerator of the retail giant, acquires Stylr, a location-based mobile shopping app for undisclosed amount
- Condé Nast, Publicis and Google team up to launch luxury marketing agency, La Maison
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