Nike has opened a new concept store called Nike by Melrose in West Hollywood, Calif., that combines digital shopping with personalized services. The concept, dubbed Nike Live, uses customer preferences collected through its NikePlus app to curate merchandise selection, includes customized shopping features like the Nike Sneaker Bar and targets shoppers who like to exercise in style.
Albertsons has launched O Organics Market, an online store that focuses on two of its organic private labels, O Organics and Open Nature. The special market, with delivery via Instacart, is launching in Washington, D.C., and San Francisco, but is expected to be offered in other cities.
Bakers including Nature's Own and Dave's Killer Bread are among the companies using SmartLabel to help consumers learn more about their products. An educational campaign in the coming months will inform consumers how they can use the program to get more information about almost 28,000 labeled products.
Supply chain technology startup Inspectorio has raised $10 million in a funding round that included Target and Ecolab. Inspectorio, which will use the funds in its work to improve and update the retail supply chain, is an alum of Target's Techstars accelerator program.
Back-to-school spending is expected to hit $82.8 billion this year, with $27.5 billion being spent on students from kindergarten through high school and $55.3 billion on students heading to college, according to this year's survey from NRF and Prosper Insights and Analytics. Clothing and electronics are expected to be the biggest categories for spending this year, with most shoppers heading to department stores, online retailers and discount stores.
General Mills is looking at a multipronged strategy to boost growth, including releasing new products, updating pricing and divesting weaker business units. The firm "will look to divest roughly 5% of our portfolio," said CEO Jeffrey Harmening.
Burberry will trim its prices in China on Saturday in response to the recent decrease in import duties for goods in the country. The average reduction on items from handbags to ready-to-wear will be about 4%.
Ensuring your business has healthy cash flow can help you maximize the sale price, writes Adam Lean. He describes four ways to improve cash flow, including raising prices, fine-tuning marketing efforts and reducing operating expenses.
Blockbuster will close its two stores in Alaska on Monday, leaving the video rental retailer with one last US store, in Bend, Ore. The company, which operated 9,000 stores in the US and international markets in 2004, has steadily closed stores since filing for bankruptcy in 2010.
PVH, parent of brands including Calvin Klein, Tommy Hilfiger and Izod, has launched Stylebureau, an e-commerce site that allows shoppers to browse styles across all of its brands. The site aims to shift the company's sales away from wholesale by offering a digital shopping experience reminiscent of physical department stores.
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