By Jennifer Faull

John Lewis is ramping up its focus on mobile payments, data, and connected homes through its fast-growing innovation hub JLab.

JLab launched last year in partnership with technology entrepreneur Stuart Marks to help the retailer identify new technologies ripe for investment. Five start-up companies were selected from hundreds that applied to work with John Lewis and Marks with micro-location firm Localz finally selected for the £100,000 investment.

Last year it focused on how the Internet of Things could be realised in-stores and over the next 12 months it plans to channel its efforts around mobile and conencted devices.

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Source: The Drum