-
Glasses.com releases 3D app
Draper, Utah -- Online eyewear retailer Glasses.com is releasing a 3D app for the iPad platform that allows customers to virtually try on glasses using a 180-degree 3D representation of their face. Proprietary facial modeling technology allows users to reproduce their face on an iPad screen and reposition glasses, as well as compare different glasses in a side-by-side view. A built-in “share” feature lets customers send virtual views to family and friends and receive tallied votes on their opinions.
-
Kroger purchases Harris Teeter for $2.5 billion
Cincinnati -- The Kroger Co. has reached an agreement to purchase all outstanding shares of Harris Teeter Supermarkets for $49.38 per share in cash, or about $2.5 billion. Kroger will finance the transaction with debt and also assume about $100 million of debt from Harris Teeter.
Harris Teeter operates 212 stores in North Carolina, Virginia, South Carolina, Maryland, Tennessee, Delaware, Florida, Georgia and the District of Columbia primarily in the Carolinas. The company had revenues of approximately $4.5 billion for fiscal year 2012.