Weekly roundup in tech and retail

News and commentaries

World Cup 2014 is almost over and with only two team stats to contend with, you’ll have time to catch up on this week’s most relevant news in tech and retail.

In tech:

  1. Apple reportedly orders 68M units of the iPhone 6 for its fall launch; while video on iPhone 6’s flexible sapphire screen goes viral 
  2. TSA will require all mobile devices on inbound flights into the US to have enough charge to power up; UK follows suit
  3. Elon Musk stays true to promise in a tweet, will donate $1M to The Oatmeal for the Nikola Tesla museum
  4. Google selected 5 non-profits to try Glass plus $25,000 grant for each organization
  5. Taskrabbit, the marketplace for errands/tasks, has a new platform – fixed hourly rates model instead of negotiation-based; new iOS and Android apps

In Retail:

  1. Amazon asks for exemption from FAA drone restrictions to test drones in its research facilities in Washington state; also launches Zocalo to compete against Dropbox and Box
  2. Fast Retailing group, owner of Uniqlo, issues profit warning as denim label J Brand sales falter
  3. Burberry posts first quarter revenue boosted by China sales; while facing protests from investors over a £20M pay deal for new CEO Christopher Bailey
  4. Marketing analytics services RetailNext that tracks customer location/behavior in-store, announces $30M in new VC funding
  5. Gap falls as June same-store sales at Gap and Banana Republic drop unexpectedly by 7%

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