IKEA has signed onto the "Big Clean Switch" campaign and is encouraging UK customers to sign up to potentially save £300 annually on their energy bills. The program negotiates lower prices with renewable energy suppliers, and customers can opt to switch to a green supplier once the new rates are released.
Luxury retailer Galeries Lafayette will change the name of its 11 watch stores at two airports in France to Galeries Lafayette-Royal Quartz Paris as part of an upgrade of the locations. The retailer will increase its focus on tourism and expansion to China, as domestic spending slows.
A group of Canadian labour advocates are moving forward to repeal a measure approved late last year that exempts retailers in Ontario's York Region from a law requiring them to close on nine specified holidays. The legislation allows stores to open every day, except Christmas Day.
US-based shoe maker Weyco Group will expand production and distribution of its Florsheim brand in India in collaboration with Samar Lifestyle. The partners will open their first store this year and plan to grow to 25 locations by 2023.
Research has shown that diversity and inclusion in the workplace directly correlate to a better understanding of customers and higher earnings. At NRF 2018: Retail's Big Show, retail and consumer brand CEOs discussed why it's important to understand and combat unconscious bias in the workplace. Read the STORES Magazine recap.
Amazon will now give Prime members a 5% discount when they shop at Whole Foods Market stores using their Amazon Rewards Visa Cards, the company said. Amazon Prime members pay a $99 annual fee for benefits including free shipping and video streaming, and the Rewards Visa comes with other perks including 5% discounts on Amazon purchases.
Barneys New York was looking to revive slowing sales when Daniella Vitale took over as CEO last year, even as younger consumers were fueling growth in luxury retail sales. Vitale has led a marketing push to cater to the 35-and-under crowd with in-store events, digital innovation and plans to start testing a loyalty program this year.
Changes at New York Fashion Week, including the absence of some high-profile designers, has some retail buyers wondering about the future of the event. "How mundane much of this has become begs the question of, how relevant is a fashion show," said Ken Downing, fashion director at Neiman Marcus.
Online jewelry retailer Diamond Hedge has launched an app that uses augmented reality to let brides-to-be virtually try on engagement rings and see how they would look as her hand moves. "Basically what we're trying to do is make the whole diamond shopping process digital," founder Mehul Sompura said.
Walmart's online sales growth slowed during the holiday season, and the retailer will focus more on courting new customers for its main e-commerce site and less on marketing Jet.com. The retailer reported a 24% increase in US online sales in the fourth quarter after booking a more than 50% rise during the three previous quarters.
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