Best Buy is launching a Geek Squad service that covers all appliances and tech products in a new program called Total Tech Support. Customers will pay $200 annually for unlimited online and phone support, some in-store services and discounts on in-home services such as setting up smart home devices.
Hy-Vee will open 26 Wahlburgers restaurant locations in the eight states where it does business without putting the burger joints in its stores, but it will carry some of the chain's products. The grocer decided to join the burger business after receiving many social media requests when it featured Mark Wahlberg's sports nutrition products, CEO Randy Edeker said.
Kroger's deal with high-tech British retailer Ocado could lead to orders for its ClickList service being fulfilled in warehouses instead of on store floors, company executives said. "Obviously, this is built as our online deliver-to-home solution in the US," said Kroger's John Schlotman of the Ocado technology.
Driven by growing consumer demand for transparency, Procter & Gamble is disclosing the ingredients used in the majority of its 3,500 products by employing SmartLabel. "[W]e are committed to making information more transparent for those who use our products," said Kathy Fish, P&G's chief research, development and innovation officer.
J.C. Penney CEO Marvin Ellison has resigned in the midst of the department store's ongoing turnaround plan to take the top job at Lowe's, the home improvement retailer said Tuesday. Ellison took the reins at Penney's in 2014, and his resume includes stints at Home Depot and Target.
Walmart's $500 billion in annual sales put it at the top of the Fortune 500 list for the sixth consecutive year, and Amazon made the top 10 on the list for the first time, coming in eighth with revenue of $178 billion. Apple and CVS Health also made the top 10, coming in at fourth and seventh respectively.
Sears is expanding its credit-card deal with Citi, which issues Mastercards branded with Sears' loyalty program, and the bank will pay the retailer $425 million as part of the deal. The enhanced Shop Your Way Mastercard will offer users more perks, including more points toward eligible purchases at Sears and Kmart.
Shipping companies face a shortage of truck drivers that's leading to delays in deliveries and is likely to drive up prices on consumer goods. The improving economy has boosted demand in a tight labor market, and companies like Brenny Transportation that have raised wages are finding it tough to recruit for jobs many fear will eventually be lost to driverless trucks.
Amazon took a big step toward expanding its overall retail market share with its acquisition of Whole Foods Market, which expanded its ability to reach grocery shoppers on a weekly basis. "Food is the platform for selling you everything else," said Walter Robb, Whole Foods' former co-CEO.
Apple is teasing updates to its Siri personal assistant that may include more advanced AI, mesh networking and a new voice, based on statements released by the company. The updates will be explained at a conference in San Jose in June.
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