Tiny toaster ovens deliver big results | Joseph Joseph introduces 2 bamboo cutting boards | NXP shows how microwave can recognize foods using machine learning
June 18, 2018
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Industry Update
Tiny toaster ovens deliver big results
There are four mini toaster ovens that do a good job of cooking food without taking up a lot of counter space, including the budget-priced Black + Decker 4-Slice Toaster Oven and multi-purpose Hamilton Beach Toastation 2 Slice Toaster Oven, says Amy Biggart.
Bustle (6/17) 
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Joseph Joseph introduces 2 bamboo cutting boards
Joseph Joseph has unveiled its double-sided Cut & Carve bamboo cutting board that features a food grip to keep food in place as home cooks cut, non-slip feet and and angled cutting surface to catch crumbs and juices. The company is also now offering its folding Chop2Pot cutting board in bamboo.
HomeWorld Business (6/15) 
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Best practices to unlock your customer journey
A robust registration strategy is a key part of digital transformation. Learn the best practices for using registration to understand customer journeys and drive digital transformation in this white paper from Altimeter Principal Analyst Charlene Li.
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Trends & Innovations
NXP shows how microwave can recognize foods using machine learning
NXP Semiconductors has developed a new learning software environment that will allow developers to implement machine learning in devices by using inexpensive processors. At a recent conference, NXP demonstrated a microwave oven equipped with machine learning capabilities that was able to identify several foods such as waffles, vegetables and hot dogs in about 100 milliseconds using a $3 processor chip.
Design News (6/18) 
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Retail News
Walmart plans hybrid Sam's Club in Dallas area
Walmart plans hybrid Sam's Club in Dallas area
(Scott Olson/Getty Images)
Walmart plans to open a smaller, high-tech version of Sam's Club as a test store in a 32,000-square-foot location in the Dallas area that formerly held a Neighborhood Market. The store will be convenience-focused and offer Scan and Go technology.
The Dallas Morning News (tiered subscription model) (6/14) 
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Retailers expand support for June Pride Month
Retailers including Macy's, Target and Nordstrom are showing support for the LGBTQ community during Pride Month with promotions and fundraisers. Macy's Pride + Joy campaign includes in-store events and support for local Pride parades in 20 cities, Target has launched a Pride apparel collection and will donate the profits from a Harry's Shave with Pride gift set, and Nordstrom will participate in 37 Pride parades.
Women's Wear Daily (subscription required) (6/14) 
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Amazon wins a growing audience for its Treasure Trucks
Amazon wins a growing audience for its Treasure Trucks
Treasure Truck (Amazon)
Amazon has rolled out its Treasure Trucks in 40 cities since debuting the concept two years ago, and today the mobile units sell a variety of goods including food, toys and other trendy items. The trucks sell different items each time they roll out, and customers can opt to receive a text in the morning to alert them to that day's treasure.
USA Today/The Associated Press (6/14) 
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Finance & Policy
Fed raises key interest rate, projects 4 hikes overall in 2018
The Federal Reserve last week increased the benchmark federal funds rate to a range of 1.75% to 2%, up a quarter of a percentage point. The Fed, which had been forecasting three interest rates in 2018, now indicates it could raise rates four times this year.
The New York Times (tiered subscription model) (6/13),  The Wall Street Journal (tiered subscription model) (6/13),  The Washington Post (tiered subscription model) (6/13) 
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Hot Topics
IHA News
Two weeks left to return 2019 space applications
Don't miss out on receiving the early-bird space discount for the 2019 International Home + Housewares Show. Space applications must be submitted with full payment by the July 2 deadline to lock in the discounted rate of $16 per square foot for members and $21.50 per square foot for non-members. Visit our Show page for more information on the 2019 Show, taking place March 2-5.
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Learn what's ahead for the smart home in 2018
A few years ago, we were talking about the concept of a "smart" home and integrating connected devices into living rooms, kitchens and bedrooms to make everyday life safer, easier and more convenient. But most of the chatter was inside the tech industry with little visibility in consumers' homes. That has all changed. At the start of 2018, household adoption is reported in almost one-third of all US households. Make sure your company stays on top of the smart home trends and what to expect the rest of the year. Read the full article on the IHA blog.
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