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CFDA TEAMS WITH INTEL FOR WEARABLES: Intel Corp. is working with the Council of Fashion Designers of America, Barneys New York and Opening Ceremony to launch a smart bracelet. The computer giant will also help the CFDA connect designers with technology firms that can help them develop new products.
TARGET’S DATA BREACH WORSE THAN EXPECTED: Target said last year’s credit card breach impacted up to 70 million people, while initially the retailer said about 40 million credit and debit cards were stolen.
TWITTER’S STOCK SLIP: Shares of Twitter Inc. fell 17.4 percent to $57 this week as investors struggled to find the right valuation for the company following a string of bearish reports from stock analysts.
TRACKING TWEETS: Twitter launched a new account this week, @AchievementBird — which for the time being is private. Eventually, the account will let followers know how specific tweets performed by sending them engagement metrics.
DREW BARRYMORE LINKS WITH REFINERY29: Refinery29 tapped Drew Barrymore as its first celebrity editor at large. In her new role, the actress will contribute at least one blog post a month.
LUXOTTICA TO ACQUIRE GLASSES.COM: Italian eyewear powerhouse Luxottica Group entered into an asset purchase agreement with glasses.com, a Web site that allows customers to virtually try on eyewear through three-dimensional image technology.
DAVID CAREY’S UPDATE AT HEARST: David Carey, president of Hearst Corp.’s magazine division, said that earnings from its digital and new print products such as HGTV Magazine and Food Network Magazine will “account for more than 30 percent of profits in 2014 in the U.S.”
CANALI LAUNCHING REVAMPED WEB SITE WITH SHORT FILM: Canali unveiled plans to launch its revamped Web site on Monday with a short film starring graphic artist and calligrapher Job Wouters. The short is called “Contours” and will focus on the artist’s colorful brushstrokes and intricate images as he is seen completing 80 drawings.